St. Charles City Republican intelligencer. [volume] (St. Charles City [Charles City], Iowa) 1857-1861, 1857-11-05
datst6arS tbs Course Of Gmpirs takes its @ap."
ST. CHARLES CITY, FLOYD COUNTY, IOWA. THURSDAY NOW

DeuuCt from tnlS million and hall
33s,OO0 persons, free and slave, VIII,
were employed in mining, commerce
ocean, sea and river navigation, i
leaves one million and a quarter fre,
manufactures and mechanics-ius
half the number engaged in agriculture
and three-quarters of all other per
suits. Their industrial product is fab
ulous. That Of agriculture for tn,
present year is not less than tw,
thousand million dollars; of manu-
factures fifteen hundred million dol
lars, and in commerce one thousant
million dollars, and this accompanied
by an unexampled energy and a specie
basis of trade in the country that al
the close of the present fiscal year will
amount to three hundred million dol
lars. Nothing less than panic, said
the orator, will persuade the world
that such people are poor.
With these facts as a basis, Mr..
Banks asserted the elements of Ma
tlonal prosperity to be, lst, Agri.
culture Cd, Manufacturing and Ne
chanical Industry; Sd, Commerce.
He passed over the merits of land
culture and confined his remarks to
the pursuits of men in crow ded com
munitlcs and commercial cities. The
br.lIiancy and grandeur of com
merclal enterprises were most ably
discussed, in which the speaker ex-
hlbitcd great research and thorough
ness OF analysis into the affairs OF
commerce, manitcsting therein a re-
markabe degree of acquaintance. He
showed that it seldom presented itself
othe imagination in itsminor features;
taat to name commerce is never to
suggest Its accounts, insufficient
measures, questionable invoices, Gus
toln-house oaths, its shifts, evasions,
bankruptcies. We look rather upon
insolvency as part of the machinery
OF commissioners courts, and the
scales are an emblem of the Court
House, aid not of the warehouse.
The speaker, in passing, paid high
compliment to the financial chiefs, y
the Rothschilds and Barings of the
old world, and Girard, Astor, Peabody,
Lawrence and Cooper, of the new
under whose direction industry thrives,
colleges. schools of science and art,
and public libraries are established.
lie showed that the pursuit of wealth
does not alone lbcralize men that a
negative quality is the surest evidence
OF capacity for accumulation. The
steady gains that too often depend up
on closing the avenues of the heart to
the calls of charity and even cf liberty,
are the lowest characteristics of trade
Mr.. Banks commented in a highly
interesting manner upon the present
state Of financial affairs, and made an
eloquent and earnest appeal for the
restoration Of confidence in the busi-
ness world
1t is, said the speaker, a manly
spirit that rises superior to ills like
these, ,rc-creatcs destroyed fortunes and
re-establishes the confidence of the
world in the integrity of men by dis
charging obligations that the law re-
CARDS as cancelled by misfortune. He
showed that through the mission OF
Commerce is the distrib button Of the
worlds wealth, its own prizes do not
follow the same liberal law. They
bring together too often, and in close
the palace and the hovel
and in the most favored localities
How wide the limits stand
Betwixt splendid and Q happy land.
The speaker classed manufacturing
industry with mechanic arts as a ma
tional interest, and showed in an
alyzing them that the latter have
broader range and influence than
either manufacturing or commercial
industry. The philosophy of mechan-
ism was very ably treated.
Mr. Banks cited as the founders of
mechanical science, Archimides, Cali
leo, Sir Isaac Newton, Sir Christopher
Wren and Lord Bacon, skctchcd their
contributions to the mechanical pow
ers of our day, and also referred to the
of Fulton, Watt, Whitney,
-i''oS, eh' wv piihliIiS PiSoScS vi
Adams and Hoe. Mr.. B. gave glow
ing description Of the genius of inven-
ton. In conclusion, he stated that the
elements Of our National wealth have
not been fully developed. Far great
er fortunes than any yet known will
be accumulated. In this country, as
i'll England, manufacturing industry
will be the source Of the greatest
wealth, but that the Accommodations OF
great fortunes is less identified with
the prosperity and happiness of the
people than the equal distribution Of
fortunes favors, and that the great
object of the people should be to equal
izc labor and its rewards.
The address occupied nearly an
hour in delivery. At the close of the
address, the managers and invited
guests sat down to splendid banquet,
which was feast Of reason and how
of soul.
THE SECRET OF A HAPPY HOME.