The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-10-08
city credit and Con
nate representations.

nate approximations.
The Post, during the spring and summer,
has published great many articles concern
Ing the city finances, the condition of trade,
etc. We thought in general, that they were
predcated upon an erroneous understanding
OF facts, and assumed very incorrect and IN
tenable positions for argument. Still, we
did not feel called upon TO argue the matter
out with our contemporary, and have per-
mitted his remarks to pass for what they
we're worth, with many fears as to the uti-
mate effect.
One Of our leading Wholesale merchants,
just returned from the East, has handed us a
Baltimore paper, in which summary is thus
made Of one Of the Posts articles:
"The keokuk Post gives the following pic.
tnre OF the state of affairs in Iowa. II COM
pares their condition TO the adoomed CITY of
Jerusalem" They have creditors without
and creditors within. Every third man is
lawyer, (lieasen help them y every other
man virtually pauper, and oil standing in
listiess and Improbable idleness,, excent
the police and constables. Three millions Of
dollars are to be sued for in the courts Of one
city, and 'ruin and degradation is given as
the probable result,
! he article Was posted up at the chief pub
he resort OF commercial men in Baltimore,
and the effect was, Of course, TO cause every
heokuk merchant TO be "spottcdn as sus-
pieious character.
AT Philadelphia the article appeared, was
similarly exposed, and with q similar effect.
One gentleman had effected q negotiation a,
that place of SIS, 900 to complete one OF our
public buildings, and was TO have his money
on the next day, or the day after. On tbs
next morning this article appeared, and al
bis arrangements were abruptly terminated
Another gentleman, who went to New Yorl
on business connected with the Fort De,
MONIES Railroad, wrote back complaining
bitterly OF the effect Of an article in the Post
1.-THE same one, il is very likely saying tina
We could have no idea Of the cfFec, it hat
upon on credit; that il was thrust into hi
lace at every turn, and rendered il almos
impossible to effect the purpose Of his Jour
nay.
should be paraded to our damage on the au
thority Of one OF cur own city journals. Th,
influence Of such evidence is the most Difficult
TO overcome. What answer, satisfactory Il
an impartial man, can be madef None, ",
fear, however reasonable and well supp ported
that Will Dot leave at least n suspicion in til,
mind. And yet, we ask those who have re
ceived impressions from the article or art
eles referred to, to consider afew facts which
We shall state in reply. We have no quarre
with our contemporary no argument t,
make upon the matters in hand. lie has
right TO say what be chooses, and TO say il j,
his own time and way. But we assure til
cass Of people whose ear we now desire Il
gain, that what we have to say is true. Gu
contemporary will not deny II. Ne man /,
this city, Or who has any correct knowleae
concerning the city, will deny it.
First, then: With scarcely an exception
no town on the river between St. Louis an
St. Paul has suffered less damage by the lat
revulsion than keokuk. There are exeen
tons va have no doubts but there are no
more than couple in al that long line 0
large towns, We are very certain. Aud Their
is 40 reason to believe tina, any one Of then
ID emerging from the late difficulties in a nor
steady and satisfactory manner. Trade wa
Frustrated by the panic, il is true. Was i
not 20 every where But our trade il grow
iDg up again, fresh and healthy, with as nucl
rapidly - could have reasonably been ex