The weekly hawk-eye. [volume] (Burlington, Iowa) 1858-1860, 1858-01-12
lFrom the New York independently
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Dur prospects are, We deem, - good ~ ever,
both commercially and 6nanci t!ly-ss ala essen.
tial riches, the products Of the earth and Of in
dustry, are in great abundance. No famine, no
war, NO pestilcnce, aflicts Us and the disturb
ance Of the exchanges will be removed in lev
months, when the opening Of the spring and
summer will enable vs. 20 get forward the fruits
Of the earth. The year opens, nevertheless,
with remarkably subdued tone. Credit has 70
be reconstructed. The work Of liquidation 10
going forward Is favorAbly - could be expect.
ed. The liberation Of 70 much capital iron, en-
ployment d quietly preparing Tor new spring
forward in ssiae shape Of indastry and enter.
prise Or another, for capital itself Is only worth
anything by being used and IL will be riskcd
sooner than be allowed to be unremunerasive.
The national elasticity, At present untowarlly
compressed. will soon again spring up With re-
newed viRor, alter the alter. position Of affairs
has been duly measured and understood. Our
stock in trade is large, and unsxceptionabls -
70 security.
First 10 have great abundance Of the pre-
cious mesals-neariy $4,000, 900 N the banks
Of New York, over &c, OOO, zoo in those Of New
Orleans, and an increased supply in other lead.
ing cities.
Secondly, full granaries Of wheat, corn and
other grain, -four, provisions. TO-, 70 an extent
that would almost supply the world, were Is
wanted. ta9 @ 6as86 A t4E5
Thirdly, large prodactivenen Of The cotton
staple. an article Of . much demand IN Europe
% gold itself. s ~ WI.
These, 70 make no mention of other and minor
productions Of no mean amounh supply material
enough TO trade With and 70 exercise The national
disposition 70 exchange. r. means Of indas-
try thus large, and there u certainly no lack
Of the spirit Of industry 70 turn III these to &C.
count What, therefore do ve lacky Sufficient
confidence in one another. This confidence,
cannot live without credit, thoaeh suffering from
m excess Of il. Prices Of produce .sse q pees-
ens rather against renewed activity; but Tie
necessitiss OF consumers will bring about -
covery. Our large shpnents Of gold will hslp
cohsiderably the European Snarks6e which con-
sumo our cotton and The present depeeaeion Of
the cotton market will al.s duly help them.
Owing % the abundant cereal harvesss in Eu-
rope last year, the foreign demand for or graia
j. not likely 70 be large. There i disposition
70 resume work among the mili-owneS who
! suspended production, and The tendency or
every branch Of industry = pfspArssioa for .
a xoxrr xasxrr. a ID
Liquidation il steadily proceeding, and carl.
IL = steadily accumalatlng. The exchanges
| With The interior ore iapsoyine. asA remie.
tsncss are coming forward wirh more alacrisy.
With PhiladslphA the Fass os exchange i nov
only Z Il one PER cent discoanG The banks 81
that cisy aso n condition 70 fesane specie
\ pAymsAss, and viii probably aatieipags de -
rod (6lh APRIL Axrd ~ Nv fos their doing c..
The New YorA cisy hanks hare again lncseaeed
their Discount line, bat mech d The papsr shev
held u only ssttlel ~ rsnVAale less ! pay,ica
paynsnt % accouht The 1ablfssasssy be-