Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1858-04-27
Letter from Joseph LcdIIc, ESQ.

|
Our friend. Judge Lejlie, of Sale m, has
furnished US the following letter from his
brother. Joseph Ledlic, Esq of SPRING
fielp, Ill. 1t will probably be concluded
next week. We have taken the liberty to
omit that portion Of It which relates to nri-
'ate and family matters merely.
SPRrNoFIELD, ILL.,, March 10.
We have had a most unusual season
here. The weather became very cold
about the middle of November. which
lasted about two weeks-then became
pleasant. rsmaining Sc untilthe Ist of Feb.
ruary, at which time winter set in, in good
earnest. and lasted up to the 10th instant.
The fros! left the ground with gradual
thaw, aud the roads became in fine condition
tor travelling. Yesterday we had very
hne rain and to-day the weather is as
pleasant as May. The meadows and Blue
grass pastures are already painted green.
ana the wheat fields surpass any that /
have ever seen. There is a much larger
crop OF wheat growing in this County than
is usual. L know several farmers who
have in from ono hundred to five hundred
acres. and. in fact. might say $500 acres,
as su:h is the case on one farm about ff.
teen miles east of tho city. Our farmers
never stood in greater need of an abun-
dant yield and good prices, than Mt present.
The facilities for obtaining money have
been SO extremely good for several wears
oack, that those, who on ordinary occas.
s'ons, would hesitate to contract debt of
ten dollars, would think nothing of giving
their promises to pay as many thousands.
in this manner everybody seems to have
extended his credit to the utmost tension
when: all of sudden, we heard distant
rumoiing' rs of an earthquake then we
heard that the shock was felt at Cincin-
nat', and that the volcano which had been
smouldering within the walls of the "Ohio
Lie Trust Co.'S Bank" had burst forth.
producing dire consequences throughout
the West, to be followed by the Shylocks
oil Wall street, who, through their enor-
nous wealth, have been able to control
the entire financial operations of the whole
Union. "''O'0
Nfarly all bankers have partners-wbo
when the banks refuse to
acconmodate their customers. and that
too, after they have held out every induce
ment. to them to make up their accounts.
the only alternative lett them, is TO oo 10 |
the br.ker and suffer q ru;nous shave.
rather than lose credit for the future. The |
failures in New York and other rlaces. and |
the resort by the Eastern bankers to their
old game; drawing IN. and not paying out,
HAS hao the effect to drain our part Of the |
country OF nearly all the circulation, ex- |
ccept our own State paper. Fortunately
Lor u.s. our banks, though not able to at
iord great deal of relief to the people,
nave Notwithstanding, maintained their
ground exceedingly well, and will, we
trust so soon as confidence is restored, be
n situation to afford relief, even before
the coming harvest will be ready for mar
ket: 4 The Eastern capitalists will be COM
peiied to put their money in circulation
some way OF other, as the accumulation
aiready is such TO warrant the belief that
The rate of interest is bound to be lower in
'he Eastern market in a few months, than
{ has ever been known before. hope it
nay fand that the panic makers may be
he >Iosers IN the end. One good effect has
resulted from this panic. Nobody 6uys
Hoac UHisss he nesds Il.
Three or four of the banks in this State
nave been compelled to wind up, but the
lotcs on these banks are better than those
u other banks, Ne the gold can be had for
hem at the Auditors Office, at par, ex-
'epting, believe, the Bank of Bellevillle,
which is worth 90 cents.
We hold a State Convention here in |.
day 10 nominates candidates for State
Treasurer, Superintendent of Public In
truction, being the only State officers to ,
lect this year. We also elect members
0 Congress, and State Legislature next
ALI | anticipate n warmly contested
lection. as their will be dreadful effort !
made By the Republicans to defeat Judna :