The Kansas herald of freedom., 1858-07-31
Re;oinder.


The charge that our remarks, though
probably not designed, as some have had
the charity to suggest, to injure the bust
ness Of the place. yet has and will con-
tinue to have that effect, is without a
shadow. of truth. The impression has
prevailed with many, for months, in the
country, that Lawrence was abundantly
supplied with money, and our business
men have been eensured because they
were not willing to extend accommoda-
ton to those who were in good circuDl-
stances, though pressed now for ready
means. When those men learn. as they
should have learned long since, that our
business men are suffering severely from
the effects of those times, instead of COM
planning of US, they feel to sympathize
with us, and. as misery loves company"
our country friends who are suffering from
the tight times, learn better how to bear
with the pressure upon them.
The way to get relief is to let the coun-
try know it. Monied men from the East
visited Kansas last year and travelled very
generally over the towns with the design
of making investments. They came to
Lawrence with that purpose, but the
response from every man of good judg-
ment was:
Property is too high. 1t is not safe
to invest here at those enormous prices.
Your people and property holders have
exaggerated ideas in regard to your coun-
try. When the pressure reaches you,
which is now bearing us down in the East,
and properly comes down to what it is
really worth, then will be the time to
make Investments
And they did not make any. On the
contrary, many returned in disgust Com
municate to those men that lots in Law.
renee, witch could not be bought for less
than $500, year ago, can now be bought
for from $50 to $500, as is the case, then
they will think again about investing
money here. because every man of CON-
mon observation is conscious that property
will ultimately be valuable in Lawrence;
that if it falls to-day to meet the neces-
sities of the time, it will rise higher than
ever, tomorrow.
Since our articles of several weeks ago.
in regard to the scarcity of money, and
the reduction in the value of property,
we have heard of several who have re-
ceived money from friends in the East to
invest in Kansas. We have received
some ourself, and have invested it in
property at just one-half the rates the
same property could have been purchased
for year ago. Besides this, Others have
written that they desired to invest, and
should do so when We should intimate the
proper time had come. Then publicly we
say, the time, in our estimation, has come
DOW. We have town shares left with us
for sale, which a year ago we could have
sold readily for one hundred. one hundred
and fifty, and two hundred dollars, which
now We are authorized to sell at one half
those figures This is not because proper.
ty less valuable, or because the prospects
are less favorable for the towns, but be-
cause money is SO extremely scarce.
What is true of us, in this respect, is
also true of every other business man in
Kansas who has property to sell for Others
A friend sending US seme town property
the other day, in one of the best towns on
the Kansas river, remarked that he must
haze some money, and that the shares which
he forwardees US, must be sacrificed at
any price to bring him immediate relief.
A friend offered some time ago to hire
$1,000, paying 5 per cent per month for
its use, and be would mortgage one thou
sand acres Of re-empted real estate for
security. IF these are not evidences of
tight times" then we must leave the
proving of it to Others.
The detailing of these facts, instead OF
driving money out of market, induces il
to come here, and it will come for invest
ments in just such times as these; and IL
will come because capitalists are made
acquainted with the stringency of our
monetary affairs Capital has no con-
science. It goes where it can realize the
largest per cent. in a given time. Itseeks
Investment as cheerfully in Kansas as in
Wall street. if there is certainty of an
ample return.
Those cfaqueis and croakers whose bu-
siness it has been for year and a hall
past to cry down the Herald of Freedom,
and who have exhausted every artifice to
ipjure rs in the past, and who lay hold
of every pretext to strike blow at ouI
prosperity, ara dsfed. While they have
been exerting their best energies to cripple
Us pecnniarily, and otherwise. our paper
has bsan establishing character for truth
fulness which other journals might coset;
and though we have suffered the pressure
Of the times We expect to triumph over
them. The Herald Of Freedom, is firmly
established. Ithas entered upon its fourth
volume, and the prospects are that it will
survive the united efforts of designing
danagoquss. naErow-souled 5sgots. lying
elaqaefs, and all others who would sup
press the frath, or an enunciation of an
honestly entertained opinion. because II
does not coincide with the opinions Of
others. Wh;lei it is Published IN Law.
renee, il viii advocate the interests of Law
renee. but not at the expense of other