Preble County Democrat. [volume] (Eaton, Ohio) 1857-1859, 1857-10-15
Business and Finauce.

OBSERVATION-DISCLOSURES Wus tnSu SuoE-
nous, the South and the West were
deeply Involved in the meshes Of OK
panded credit, and the East was cover
ed with bond and mortgages. Now, as
the New York Express says, we have q
debt of nine. millions due US, and "King
Cotton, for years, has paid his dcvotees
as he never paid them before; and this
year, in a very short time, too, he will
begin to pay our ship owners an unpar-
alleled amount of freight, and the pay
growers over 500, 900, 900 of dollars.
In brief, the South is coming money,
and no customers are sounder or better
pay. Look at the West, tho nobly ex-
banding West, rich in every resource
when we're crops better, than they arc
now? 1t is conceded on all hands that
they will be enormous beyond all for
mer experience; and, in place of I'M
porting breadstuffs, we can supply all
the demands there can be for them
And in. place of millions upon millions
of foreign Indebtedness, and a %ruinous
drain of specie out of the country, and
which, as soon as the cotton crop goes
forward-bring such prices as it never
brought beforc-must continue to re-
turn specie funds"
The suspension of banks, merchants,
traders and manufacturers has, as yet,
produced no visible effect upon the ag-
gregate business ard the aggregate
prosperity of the country. Nature, says
the Washington Union, has been too
lavish in her gifts, our countrymcn too
prompt in awaiting themselves of those
~favors, to admit of general embarrass-
ment and suffering from the folly, ex-
travagance, Encouragement, or ruin of
any class or classes of business mon,
whether their transactions nave been in
private or a corporate capacity. While
the financial circles of the Northern Ell
ties arc daily and feverishly moved by
partial stoppages and downright bank
ruptcies-by the depreciation of real
estatc-and by the hitherto vain effort
of the "bulls' and ''bcars' of the stock
market to find a 'ibottom'-cvcry Sec
tion of our broad Union is gladdened
with the glorious assurance that "plcn-
ty crowns the year" To quote from
r the Albany Argus: r.,a,
1 "Tho corn crop is now generally be-
yond danger or damago from frost. On
e some low lands and in the billy regions
where the soil is not adapted to this
D crop, it would probably sustain some in
e jury, but in the good corn. growing dis
~tricts, it is now: safe. This may well be
/. a matter of cong~ratulation, not merely
among farmers, but also among.all clas-
u see, Of people. 1t crowns the year with
plenty. All the other crops we're al
ready most abundant, and now the usu-
Il annual supply of. this valuable and
extensively cultivated article of bread
stuff and provender is added to the lux
urious catalogue. We heard of no crop
which can be said to be a failure this
: 9Sdl, CAScPI lAc PoIdtO.- AucIS was d
very abundant growth of that esculent,
but the rot has done great damage to
it in many parts of this State. We can-
not speak of the extent of this injury
in other States and think it probable
that the West, which is said to have a
largo extent of acres in potatoes this
year, has escaped this blight"
In this connection another New York
contemporary also remarks: p.
"The crops of the country are the
largest ever known; almost every sec
ton Of our land reports bounteous har-
vests, and there is every prospect of a
COED foreign demand at fair, prices for
all the grain and -four We can supply.
Through the troubles in India, and the
general increasing foreign demand, our
pork and beef, which have become i'm
p~ortant articles of export, will command
probably double the average value, and
we shall have greatly increased supply.
The prospects for a fully fair. crop of
cotton are promising, and prices are
nearly or quite double those of average
years. Throughout the length and
breadth of the land there is an unusual
prospect of late fall pasture, roots for
the s~ustenance of cattle, which is a mat
ter of more importance than is general
ly considered. California is sending us
regularly more than forty millions of
gold per apnum, a considerable portion
of which remains in circulation in the
interior Of our country. Emigration to
our shores of a more thrifty class of
people is steadily onward, and through
the money they bring, together with
their industrious habits, our western
states are rearing a rich harvest"
ne-The Iowa City Republican states
that farmers are offering wheat in that
city for 20 cents a bushel and. cannot
find purchasers. The Republican adds,
'tthe same state OF: facts is reported of