Weekly hawk-eye and telegraph. [volume] (Burlington, Iowa) 1855-1857, 1857-01-07
FEATHERs-Live geese coo.
The Coming Year.


cial article of the last New York Independent,
and commend it to the attentive perusal of our
readers generally:
Having in our last number cursoriy surveyed
the year which has Just departed, taking retro
spect of its events we will venture upon pro-
spective view of the year which has just COM
menced; what its prospects are; what hopes
and expectations it exctes.
Gle present est gros de ravenir," says the
French proverb. "The child is father of the
man." says the poet of poets-Wordsworth; and
from the point we have gained by the action of
the past, we may survey the probable course Of
the immediate future. We may say as Sir Will
liam Blackstone did when he first entered on his
active career as a lawyer, throwing aside forever
the pleasures which attracted his youth:
"Then welcome busness-welcome strife
Welcome the cares-the thorns Of lfe,"
for it is only by heartily accepting them and Ia
king pleasure in the cares that we can succeed
in the business of life
The past year has beqeuathed to us abundant
prosperity-peace, and plenty. Can we keep
them? Past years have developed an extended
railway system. Can we further extend this
system till it reaches the Pacific?
The Pacific Railway is the leading object in
our prospective review. There is some fear lest
the first attempts to carry this national object
should be thwarted either by those who want to
use the scheme for their own 'jobs," or from
those who, being opposed to all jobs, will not
allow Just and mob enterprise to have birth
from the fear that private individuals shall ben
eft too largely from it. But no great enterprise
can be carried out, except by bringing private
interests into play; and no really practical
theme of building railroad to the Pacific can
be made without the assistance OF those VINO
work to make profit out OF it. SO happy
should we be in seeing beginning made IN the
construction of railway to San francisco, that
we would support the first scheme that can be
got from Congress with proper endowment of
nublic lands Whether it be Southern, North
ern or midway line, it matters little. We want
| one and that to be commenced Immediately
| In time, we shall want three, and shall have
| them too-one running Northwards, and enter.
ing California through the territories OF WASH
\ ington and Oregon-one an extreme Southern
lne-ant one midway. -
The immediate advantage of a line of rails to
the Pacific, would be enabling a telegraphic
communication to be established between the
eastern and western shores; an immense advan'
tage of itself Butts Pacific railway would help
| to settle and build all the intermediate terri
tory-to devetope its latent wealth, now con
| cealed in uncultivated wastes. The Railway
i
respect, by stimulating supplies of produce, ano
creating an additional demand for labor.
Another striking prospect before US, is the
undermining the Atlantic The broad Atlantic
cannot be bridged, but its bed can be reached
and made to receive the wire or metallic CABLE
covered with gutta percha, that will enable tele
graphic communications to be received thou
sands of miles, underneath the ocean, between
Europe and America The Thames tunnel is III
longer q wonder, though an expensive one
Lieut.. Maury asserts that there is perfect cain
at the bottom of the ocean. 1t is only towart
and at the surface that disturbances and storm
exist With that ocean bed, posterity, W
venture to say, will become more familiar thai
we are, and will convert it into more prac'
cal use.
With one prospect comes another-Alps rs
; ON Alps. With daily telegraph communica
ton between Europe and New York on the east
ern side, and between San Francisco and Me-
York on the other, what advantages will ensue
WHAT checks to speculation and roguery! wins
benefit in promoting regularity and steadlnes
in the markets! How great will be the spec
; given tile execution OF orders between continer
and continen! How quick the correction
:, mistakes-the arrest Of fugitive swindlers!-
Execution will be quick, almost as though
itself.
Other prospects there are which bear also {
our commercial and financial interests. II
. peace OF Europe, now re-estabiished has
I length settled to point at which the 1nancl
q markets of the old world are recovering the'
4 selves The conditions of the Banks of Fran
|. and England, SO long disturbed, are now IL
proving.
During the present month the Bank has al
I increased its specie; as we learn by the /
:, ropa's advices. The accumulation Of specie
progressing in England and France again, a
there is every prospect of easier times duri
8 the present year. The English funds ha
q commenced an upward movement. The pr
1t of consols haa risen from 92t on the 2ath
tober, to esI, with the half year dividend OF
per cent deducted-equal TO an advance OF
- cent
BE- Returning abundance of money in Euro
10 viii give an impulse to the demand for {
own securities which will be found not un
eeptable here; and otherwise, foreign capi
viii resort here for temporary investment
Greater abundance which viii effectually
a. lieye the New York Money Market.
&c The demand of our cereal produce shows
- signs OF abatement, though lower prices
rnl;np. while the demand for cotton is again
the increase. dispute has arisen respect
he the probable yield Of cotton this season.
y, present, the short crop advocates rule the n
to ket and prices are rising.
his In home matters, we have better prosl
Of some amendment Of the tariff. und the '
obnoxious duties on foreign wool, and OF
emit materials of manufactures drugs and
ate stnhs-stand some chance OF immediate rep
The WOODEN manufacture has been geatty IN
Ev- ed by the duty on foreign wool. At pre-.
ind foreign WOOL worked up into cloth, comes in I
en- ". The annual import of wool in the last
Ne nancial year, Is stated in the report of the