The Kansas herald of freedom. [volume] (Wakarusa, Kan. Territory) 1854-1860, 1857-07-04

There is class of shrewd "fnaneierss
in this country-operators IN fancy
stocks" and alarmists and sehemers IN the
world oftrade and commemorative, when
they have point to gain or selfish OBJ
ject to accomplish, resort to the policy of
creating panies-frightening the tiniid BY
prognosticating financial crisis. and
| shaking public confidence in ali matters
of credit and finance, by hullaboo stories of
coming "hard times" So often have
these bears repeated this gama successful
" in various departments Of trade and
speculation, that it seems incredible that
the public continue to be influenced by
their hypocritical croakings.
At the opening of each years business,
these slarmists are particularly clamorons
| aud doleful in their discouraging and mis-
chievons policy. They attemp: to shake
heaven and earth, in order to convince
the world that there will surely be short
crops of grain, and that, from some cause
or other. there will be slight times" and
tremendous crash" This game is Just
now being played, when the fac: must be
| apparent to every person in the land,
and to every intelligent business man.
/ that the prospects for an abundant har-
/ vest, and for prosperous financial year
were never more fiattering than they are
! at this moment. If we could probe the
private motives by which these alarms
| are attempted TO be produced, we would
ascertain that the whole secret lies in the
fact that the authors have an object Of
their own in view, by which their own
& -taao11lo ff int - A.
| Such men would immediate whole nation
upon the altar of their cupidity, il by so
doing they could line their own pockets
with gold.
This game, we may here remark, is
! also just now attempted to lie played in
another and altogether new direction.
/ The land interest is the object o. their
present croakings. "There is going 4, be
an awful crash" they pretend, "ameng tbs
| holders and dealers of lands.o And why?
4 Because" they say, atoo much of our
credit isbeing stakedin land speculations.
Well, what of that ? Is not real estate
= always worth as much as it brings? Is it
not good and always safe investment
Is not the land in constant demand,
and must not that demand be sup
i piled? Are not the new lands eheap.
and do not men buy and seH them at
| cheap rates? When paid for, as in most
instances they are Immediately on pur
chase, are they not good and valuable
4 property? How--in the name Of common
sense, we ask it--how can there he q
! general crash, in the land interest? True
} it is, that if man is foolish enough To
risk his credit, on high interest beyond
bis abllifyto meet payments, he will be
taken by crash" But viii snch excep-
tional cases produce general ,erash p,
Mott is folly to reason thus.
These representations by Eastern PHI
losophers, that there viii be q reaction in
the real estate business of the West, have
been repeated FOR the last FIVE wears. and
yet the business is as sound, safe and Sc
cure st this nioment, If not more so, than
it ever has been-and judicious capitalists
and spectators feel more secure In their
investments in real estate to-day than
. they did year or two years ago. The
secret of the efforts on the part of Eastern
men to shake the public confidence In
this matter may be found in the import
ant fact that Eastern capital is finding its
way hitherward little too fast to sui.
: their own selfish ideas. In this consists
|, all "the milk in the cocoa-nutp But
! their attempt to create panic in this de
rection, viii prove entirely futile. Tbs
land interest is as firm, reliable, profitable
and safe as any department Of business In
the country, and so it will continue to be
we have no doubt, as long As there Is land
to sell.-Ncsos Letter.