Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1857-10-28

Y #NAF&4&M N@afsDkys
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CIRCULATION - 8.SeD|
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aisy aexa.
We szaasR 49, sazsa ssa aSsoea-
alag - polisy Il - ~ issaing sssiEs
. xdasae ii nlass - hase saxsa II
asassasa 60 or " Kaahasg - AZ
rsaxas ssaazssa ID aazas 49, n
sssk, h5wavs - $780, - uz
arus - III 81 sslisve 3D. sAe 0OH'nnoh
Gssss Ass aads an ssash rssolEes and
sruly hOps shaa .hsre Is suiasisns wiadomI
sss so,n.aon ssnse n ind BODY - pre-
VENT aay sash calamity fram bsfaliiag
eur Oisy. As far - Ne prosperity Of our
aisu i sonssxnsd, aaa which wpulH
oossans %, 600 uersh II rrcpsrv we'd
moi b ona AaR 10 aaleassious b its pros
psrisy. a ars would bring apon % hat
. aemparAEy losa, while the issaing a
sAas aznOuns "a sCrfp would ruin oar
credit, encourage lasiness, and b >
hsaxy tas upen the iaboring GLASSES, u
IL Is the aszsre Of Our sitisens 20 naks
smss COED, lcs then az 90 70 work 81
sOme useful amploymanl. Let those who
wOald make living oi 81 the sGxip, go
10 werk and cut their own woe&--lss
those wha are loaAng asSaHd safoans
and street. eoEnarss go % WORK Il shsy
cannot gas 90 LES aham aaAss vi 20 or sven
I'll Der day. Ifshg viii a0this, wewill
have good shines again. Il must be syir
dat 10 al that no community can pros
psr for any great length Of tins, who
depend upon speculation for support
saxs the spontaneous productions Of the
earsA, ali wealth Is produced By labor,
and hsnsa VS. and the safest and IN fact
the only cure fer hard times, is for ali
to 10 10 work and try to produce some
thing. Why are ths tinss hard ? We
Answsr kseaass We haEs seo many Ron-
pEodaoass IN our eeausry--Thsy have
sustained themselves for years past upeu
baak issass, promises 70 pay and repre-
asnsatiyss Of money. Public couhasnse
ia withdrawn FROM tkam and hence we
have hard times. We eAnnot make our
sslvsa rich By making representatives. Of
money. Our riches are estimated by the
amount Of gold and siiesv cur property
is worth, and not by the amount which
it viii bring in TsCumseh, Agricultural,
Western Exchange az Fontenslls billBs--
All promises to pay sOonerO or later must
be redeemed, OF the man or Institution
which issues them, in eonmoA naRlance
must ego up, !" On 90 sozaa havait, Fsgo
under" When times are hard thro'out
the country, ths only way to make them
easy is for all to 70 to work to produce
something, % thai the products Of the
labOE Of the country shall equal the Ia
dsbtedHess, and as soon ~ the products
begin to exceed the indebtedness, thea
and net TIL shsa, viii times be easy. Ii
is idle yes verse th&R idle, to attempt to
EsAks aines sSsg BY resorsing TO the same
policy which has made them tight. Over
issues ovsE-tEaaing and q general mania
for speralasi0a have made times hard.
Oonkraction Of bank issues, economy in
trading, and hard work in the place Of
speculation, viii make times easy. Our
oity by issuing sity- ssxip might support
a few shAseEs in idisnsss during winter;
but in doing 30, our sity Fathers would
levy 5 hsayy burden upon the laboring
classes, and bIight the fair credit Of cur
city for years 10 come. Why should
scrip be issUsdg The taxes for tins year
will more than cover the expenditures,
sad our city will be nearly ous Of debt,
and have credit abroad. II $50, 900 Of
scrip we're issued, our city sod be over
whslmsd in dsbt, and would never real
iEs 81, 200 on the issue. II the issue
were made it would do the IaboEing elias
SEES no gOod--Ehe merchant could not re-
eeiVs il for goods because he could not
pay his debts, or bay more goods with it.
If he received il, be would have 10 shave |
it at such q rate that it would cheat the |
labOreE out Of ons-hAH Of his wages. It
has been suggested that The scrip should
be leaned 70 the bankers and that they
should redeem il with eastern currency.
No banker would borrow it upon such
serma, unless 1t was counted to hIm at
from 30 TO so per cent. discount, and in
such case the city would be the loser
from $4,000 10 SIS, 900, a pre- tty sum
10 be drawn from tbs laboTing classes,
For the purpose Of supporting eight or
ZEN bankers in idlsness. If this issue
should be made as above proposed, IL
Eculd become tbs circulating medium
N the eity-easteEn currency and gold
gould be gathered up By those Who Dor
owed and Issued the scrip, aad then the
merchant, mechanic and laborer, would
III DO at the mercy Of the banker-Thel ,
'anker would regulate the currency and
aeta4s ths ssEzns sad rates of exchange.
What is to be effected in the way of
aAking times easy By this issue2 Moth. ,
ng st all-lf it has aay effect upon the 1
tEingsney Of the money market, it will {
e to tighten It, because it will increase t
ae representative Of specie, and in times !
ike these, when all are trying to eonvsrt
urrency into specie, the value of the /
representative viii be diminished in ex- a
ct proportion as the representative is G
acreased, for the very good reason, that q
here viii be more currency to redeem. t
the issue is made it viii have to be Q
edeemed sometime, and labor must pro- q
aee the means to redeem ii, II IL bet
n then, 30 80 to york and produce the 1
asans at once, without the issue, and s
aus savs tAs credit 81 our city, and at (
lass 90 900 aAavs whiah she wo'd hsyeI .
saeuAat v, il ordsE to get the scrip in .
} oirSulssioa GA terms 20 that il could
. received BY the merchant from the La .
1reF in payment for The xrocsrriss and Z
'oyisions wkieh be must purchase FOR L