The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1857-11-04

n. -. kk1C4AnD90Cs. 1sSNALO1.
-
NC Gregor, Zo,ca, HeFy. Non. 4. '57.
Hard Times. rs... ..,..... -.......,
We do not know that long articles in ncws-
payer have tendency to improve the comb lex
ion Of commercial matters. Everybody knows
chat almost everybody has lived too fast
ever, body thinks that everybody else could do
e:me thing t. get the times out of the snarl
they arr in-everybody says it is not his bust
nsss to break his back carrying loads for every
body, and consequently nobody moves 10 the
rescue and nobody does nothing in the way Of
relief In the meantime somebody gets uneasy
about som. body else. and an Attachment iss-
ucs, sim, ~ to secure . littlo claim Of 800
when somebody. the defendant, is admitted to
DO worth 50 times the amount due,-this little
move excites other somebodics and before a
merchant is aware that his credit is suspected,
the Sheriff takes ossession Of oil his effects,
goes r. administering IN his Estate before he is
dead and our somebody Of yesterday is worse
than nobedy before twelve O'clock to-day.
In this proceeding al parties are worsted
unless it may be the shark who stands ready to
buy his ncishbor's stock Of goods at ten cents
on the dsllar valuation. As there are fow just
now who have the ten-cent-pieces in suficien,
Quantities TO make On investment worth attend.
Ing to, VIC are disposed to believe the whole
co.nmrnity are sufferers By the Iowa manner Of
putting a gentleman through = legal cduca.
ton. q r # ~ 81 la
We have beard Of many quick methods Of
securing an object, among other inventions va
took . fancy to Daniels quick Process of
Tanning but rapid and cffectual as that has
proved to be in the conversion Of groen Hide
into the FIRST quality Of Leather, it bears no
comparison in speed, to the fashion of collecting
just now being inaugurated in various portions
of Northern Iowa. Daniels asks ten days to
complete his work from the time the hide is de-
livsrcd to him but the new system draws the
victim up Ito Limerick" skins him. tans his
hide and has it hung on the fence in the shape
of Sheritf's Notice of Sale, in ten hours from
the time the process is resolved uronl A friend
Of ours calls this "going to the devil by the
fast linr.''
Seriously, what is all this to amount to -
Has the business world resolved that every man
vhosowes debt however honorable he may be
or however able ordinarily to pay. shall be
robbed Of all his mems Of payment by tho
strong arm Of Legal Force What can the
resu!t be Eut univ ersai destruction. The Grain,
uron which We rely for ultimate payment, will
bring scarcely any price, and even then the
farmer is required to receive in payment for it,,
the bills Of banks which have get the first ex.
ample Of SUSPENSION And even Of that
kind of money, currency they call it to distn.
guished it from par paper and gold, where is
the quantity to purchase the produce at present
prices 1t is not to be had Of the Banks for
they are really contracting instead of increas-
ing their issues. 1t cannot be got Of the Mer-
chants because they are all trembling lest the
Lightning of Commercial Revenge 1--WE can not
call it anything elsc) may strike them next
Every dollar they can get is grasped convul
sively land if parted with at all, it goes to con-
struct what they hope may prove conductor to
lead from their own shelves the destructive fluid
now counting its victims by the thousand!
Where is it all TO end. A session of the
Legislature and the passage Of an act author
king . stay of legal proceedings or the taking
Of property on execution only at reasonable
valuation have been suggested, but it is said
that such course would prevent the Iowa
merchants from collecting their domestic debts
and leave them to the terrors of tho U. States
Courts in settling with their Eastern creditors.
# legal remedies are out of reach through
Legislative action, (and we are no friend to re-
lief Laws) the honest man had better assign
his property to others for the benefit of his
creditors than to wait for one creditor to take
ALL. The country is playing at mercantile sui.
eide end though We deplore expedients ofdoubt-
ful color yet when common sense seems to have
deserted Us. straight:jacket Prescriptions are
demanded. The Banks. all large corporations
and heavy business Houses,-the stimulators of
the present dificulties-have suspended or as
signed--and why may not the people of the
West do the same thing without dishonor1
The patient Is very sick and the remedy should
be speedy za@ Ia 4sa
The Eject. .-.g..a....... ..-
The severity Of the money pressure is having
some strange effects Large numbefs of per.