St. Charles City Republican intelligencer. [volume] (St. Charles City [Charles City], Iowa) 1857-1861, 1857-11-05

PROMPT PAYMENTS.

MEssRs. EpIroRs:-Allow me through |
YOUR columns to call the attention of
farmers and others, who have grain
and produce to sell, to the Importance
of making sales and paying their debts,
rather than hold on for larger prices,
which it is very evident they will not
realize. The mistaken notion seems
to prevail with many that they should
hold on to their farm products and sub
iect themselves to the payment of
high rates of interest, and perhaps the
expenses of suits at law, for the pur-
pose of obtaining, next spring or at
some distant day, higher prices. This
policy might possibly answer in other
times, when money is plenty and the
demand active but allow me to say
this will not be the case the present
year. Money is now scarce and will
be still less abundant before spring
opens.
Should farmers refuse now to sell at
a fair market price, while at the same
time they are paying cxorbitant inter-
est and perhaps costs of lawsuits, (as
times heretofore have sometimes war
ranted) and should finally be compel
led to sell at the same price or mere
nominal advance, they would concur
with me, think, in the propricty of
making immediate sale, and not
subject themselves and their creditors
to unnecessary trouble and expense in
the business of cancclling their debts.
Would the farmers dispose of their
grain and other farm products at once,
it would have tendency to make
money matters much easier, and allay
the present financial "panic," which
threatens to paralyzc all business and
bring our hitherto vigorous and pros
porous State to the verge of bankrupt
CIV and ruin | have once before cx-
pcricnccd a state of affairs similar to
that of the present time, and what
was the effect? Nearly all, and more
particularly the farming community,
were brought to absolute want. Their
debts were neglected till their produce,
stock and even farms were sacrificed
to cancel them. "..
Now, gentlemen, let me say to you
in all candor, it is duty we owe our
selves, our wives, our children, and
most assurcdly our creditors, that we
make every possible effort to discharge
our liabilities with such commodities
as we may possess, in order that our
creditors may go and do likewise. 1t
is in this way only that we may hope
to ward off the impending calamitics
which threaten to devastate this com.
munity as they have done and are do
ing in various other portions of the
Union. The man who is now out of
debt, or who can place himself in that
condition by parting with such articles
as he may have to spare, is truly a
happy man. A few dollars appropri-
ated to the payment of debts at this
time will make many hearts glad, fol
I if kept in circulation they will go from
one creditor to another, and in that
way numerous obligations will be
discharged: but if fear or sordid ava
rice are permitted to fix their grasp
upon the small amount of money we
have in the community, the distress
that must come upon us will be severe
indeed. Therefore, once more let me
urge all to the payment of their debts,
whether those payments are made in
grain, stock, land or cash.
a. SUBSCRIBER.