Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1857-03-28
.arp look fzsso e1ae Fsst.,re.


Z larp faoA fzsto the Future.
.teiing or word of warning against
ia saleacies Of our time to a great Conn
as a beyuision, we have no; desire To
81 t;4e all: Enterprise as reckless or iIl-
bIindiy against Luxury. They who
4 50 nearly covered our land with Rail
bave done tbe. void good service:
Would gladly believe shat they have
Secured a fair return for their etfForts
Putlay. Yet tAe fact stares as in ithe.
a bat all the Railroads in the old Thir5
d States could not be sold this day for
Thirds of their reported cost, while ma
II them are not worth even their debts.
Sc OF tile New States are more produc-
i ) ct even a good share of these are
fiig in debt, with their stocks consider
7 under par. The lands and products
be- Be- eral States are increased in yalue
The fall extent of The aggregate losses
Improbable Railroads; but one
lon of the community has paid the
IS and another secured the nroiEs.-1
iank Roads, so plentifully construc-
Ten to fifteen years ago, have never
NC, ard never will return, one third
4 pr cost to their stockholders. Allthe'
today existing in he corn
tonld not probably be sold for seventy
per cent Of their cost. Purchases Of
lands have generally paid bet !.
but the country is full Of real estate
pht or speculation which could not be
sIor anything near its cost. Wherever
~ bit has been made in buying and
l6g, a shoat. Of CIVILIZATION reverberates
y bout the journals; but The millions
% Of tracts and lots bought in antici-
"a If q rise and which cannot be sold
bt at a heavy loss are simply and quiz
he'd, and nothing sslid about them.
POD many men lave enriched them
81 within The last ten years, while q
81 larger numbcr think thcy have; yet
Neekly reports slow that some two to
q thousand mcrcantila firms in this
MY fail every year. even in times Of
efal imitation and seeming prosperity.
al must be the probable number in
3bf sudden ard violent contraction of
calculating medium TO the extent of
q urth to.one-half!
BE say, tllen, to our young men, our
Hh-seekers, our aspirants to live easily
zgenieelly. This is no time for en-
Hng in trade Or piupgiag into te5t. -
Indeed possible that you may succeed
nch course, bat it is highly inproba-
j To-day the world urgently needs
d producers, more cultivators, more la
b, with fewer traders, brokers, exchanr
Our people must ease off in build
Railroads, and grow more wheat and
D.; we must either fabricate more
BIS and wares or consume farless. If
cannot produce far more than Europe
/ take of us at living prices, then we
i buy less of Europe or inevitably run
er Railroads are excellent things-we
% 10 have more and more of them
q they will harJly pay debts to British
Nilactures and bankers; AMI, if they
2d, this would only postpone the pay
z Of our foreign indebtedness, not pay
DC skies are gloomy. and lowering; we
II shorten sail. Let us each resolve to
nee the amount of our outstanding oh
Ibons as speedily and rapidly as possible
Iat all events not increase it. Let us
Iless, and pay orr debts as fast as we
i turn property without ruinous saerii-
s Let US plant more and ill better;
ns put of expensive building and all
q outlay that does not promise quick
ii is until we can do SO owing no man
hing, and paying as we go. Let Us
.Np no store bills, but endure some pri-
bn, forcgo some indulgence rather
b founder en- in harassing debt. Let
nnitcdly resolve, in spite of all.ipgpIf-
Speculation and contagious luxury, that
swiii owe less a year hence than we do
!, and avoid the mistake Of counting as
1 fed wealth promises to pay that are
Perfectly secured and may never be full
n. Let is feel that a hundred dollars
|anuum actually made by the sweat of
brows are better than q thousand won
fazardous speculations which tempt to
Eysgaace and disnade from honest
D. Let Us send our Young INFO the
/, the shop, the nire the factory, and
|h them to hew ont their several paths
Impotence by manful exertion. BY
at once increasing the proportion OF
Eucers and diminishing Chat of useless
Suners, We may ye, avert the storm
now umbles in the distance. + We
| at the worst save, ourselves seyerally
b its worst. dayrstations; but, unless
Re be some decided change in this di-
ion, q crash seems. to us inevitable,-
Y. Tribune o
Look TO the state Courts.
the Detroit Adueffiser concludes an ar