The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1859-02-26
FINANCIAL AND COMMERCIAL.

Real estate to be attracting more attention in
the states than it has for many years pre-
yious. The of mportaons, during the Of
1s54-56 and the ready sale found for those imports
through the merchants Of the country had turned the
capital and speculation of the eastern cities almost
tirey commercial enterprises Real estate IN con
sequence all through the Atlantic states actually de-
preciaed The extravagant iHportations however, Of
those years had oyersocked the market, and brought
this field of speculation crisis in 1881. Hundreds
Of importers through long credits, and dull sales, be
gan sink under their liabilities carrying many others
with them With this calamity came hightful defaica-
banks and bank officials railroad swindies, and
stock deprecia tons All having direct tendency to
stroy confidence and paralize trade Millions OF dol
lars in merchandise suddenly thrown upon the
market and disposed of either under the hammer or at
enormous sacrifices These facts at once put stop to
importations they declined such extent that
they did exceed hail. in 1871, what they had
been the before, and in Isl, were even less tan
one-thrd This revolution in profitable results
from commercial operations is now beginning to divert
capital into other channels. All kinds of improvement
stocks have lost their reputation that they can
scarcely be said Jersey Lottery and
down At the bottom Of the list State stocks
rank but little above. L. 8 stocks alone command a
good reputation. The busy dollar knows no rest, and
hence "a new for operation is sought. Real estate
offering this field, and hence notice, all
the states sudden revival in land speculations
Heavy transactions daily reported which indicate
a disposition in favor OF emigration
This movement in the has already created little
enquirey for lands the west will doubtless,
create quite a commotion among land dealers during
the spring and summer. Persous therefore who can
conveniently hold their lands until fall will profit
by doing so and those farmers who wish 70 extend
their farms will find the present the best make
their purchases, better bargains be secured
than any time after the 1st OF April The gold fever
whchis carrying many good farmers from praries
will, doubtless, be the Of offering many fayora-
opportunities, during the spring for profitable
in farming lands, and those VINO have money
have probably the best harvest before them the country
vii! afford for a long time to
We notice in the Il. Journal 0 the goth inst, that
the agent othe Fl Wayne, Lacon, and New Boston Air
Line Railroad is in New YORK making arrangements
for the iron and equpage FOR that part Of this road
tween its junction the Chicago and Mississippi
r, in Livingston CO., and Lacon, the Illinois River,
distance ofsome 80 miles. The grading this part
Of This road has been steadily progressing during the
eighteen months and will probably be completed by the
Ist OF September ready for the supersructure It is
confidently believed that the road will be in running
condition by the lst Of Jan. next.
The Atlantic Bank OF Brooklin, has been defrauded
% s5ooVOby Mr.. Oscar T. Field paying teller.
Il Is said ne had recently lost heavily at cards. The
bank still sustans its credit and Ill probably
teriaIy suffer from the loss. Field Ia. ahsconded-
TIE amount OF specie hand in IL. st. Louis Banks
for the ending Feb. Il. ls19 05 decrease Of
1909 since III. previous week
The Ohio legislature has repealed the cent in
terest law Old per law will again be in
operation after the Ist o. April.
The Comptroller Of Tennessee is redeeuHing the bills
Of the broken banks Jefferson, CIairbourn, Tazwel
and Trenton par.