The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-01-13

w state these facts rs indicating that the returning
tide Of. prosperity is 1ikelyto beas saddap and powerful
as the revuision !: i msy b, neccs AIRY J9ydrge a degree
Of caution lest it produce niischisseds Consequence,
in its too e ger welcome. a better sate Of feeling OK
lists ~ our own State, and congratulate ore exchanged
that the dead weight is being removed, nd by the open,
ing Of navigation scarce a shadow ofltAy depression viii
be noted. That there Is to bosa Jar Y tGaigratjan here
is dependent on no. ssurmis--is rests III tbe ppeparstions
Of the parties who arc now making; ready Tor thejrF start
hither. WIKI
Senator. Seward, two years ago, ia ! debate in tn
Senate, on the Tariff -4ase1kipa. s~ecuaratelly ppffedietea The
late commercial IA oubles, ma u -ahue sexsct period Of thei,
occurrence. In the late iesSi4lyiaas "a The Treasury
Note Bill, the hefsrtls ssn.siashaS ssssssaa the follow
ing remarks :S ssses ..IMFf 4. y
70 my judgment, the acceleratipySSp< tusiness ii
going 20 be rapid just inpraporsien 70 : ApSiai " with
which business ksaedeclined ; and 4 expect to SEE every
day, and every h6St of every day, married BY a, rise in
the prosperity Of the country gradsated jusE e~xaacslyby
the suddenness Of the depression. The causes Of the
disaster are gone. ] think there is %nqbing Before u
but q great ,revival Of business and plethela Of money
to revive it in all departments. may be mistakeu IN
this, but am willing to stand by it" ~
The same opinion was expressed by President Blu
chanan in his Message, and his opinion is valuable, a.
he has seen the country soveralti times 'convulSed by like
commercial panics j Gov. Medary, in his Message, re-
ferring to the crisis in its bearing on our State, said il
would be hut temporary. And the opinion of these
distinguished PARTIES is unanimously sustained by al
the eminent men of the country, and is verified by the
present movements of the great eastern markets. Money
commanded three per cent. i month there, lately, but
the high quotations are only nominal at present. The
U. s. government can command money and only pay s
per cent, and on satisfactory security it is readily at
tainable at 6 and Z per cent. per annnm in market. A
little more confidence is all that is requisite, now, to
set afoat the senseless hoardings going On for the last
few months this feeling Of confidence is b being strength.
ened day by day, as the resumption of business OF all
kinds proves. There is yet fifty million dollars worth
Of domestic produce to be shipped to New York city
to make good its average receipts. With the opening
of spring this additional amount will have to be moved
forward, aud its effect will be to draw Il large extra
amount of money to the West.
The accommodating, gold in the city banks will have
to seek a western field for investment. And the banE
bills which have been all the time on a par with gold,
Notwithstanding the cutlery against them as the author
of the troubles, will keep the currency as large as usual
and thus prevent any disastrous change in the relativ.
prices of real estate, products, and money.
When the point of confidence is reached that will
allow of the usual course of business, there Will be an
unaccountable amount Of money come to light in the West
that is foolishly hidden awey in small sums BY every
ono, tho CHANGED TO have it when the crash came 1t il
useless to expect to see it set aAoat until credit is again
established at the East. Only a few more weeks can
intervene before the occurrence of that event, and on
temporary difficulties will vanish like the dew before
the summers. sun. -.".. =