Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1859-04-29

borrowed, and is subject to recall 1t few
months notice. When the panic Of 81 came
on. the call On the West for money was
enormous; every dollar that could be call
cd in found its way East OF South. What
few hanks the West. had. suspended; the
want Of good csrrsncy produced spru-
rious currency. known % wild Cat" Ger
Poration Script-promises TO pay 10 dsDom
nations from Eve cents to ten dollars
Scarcelya we'll secured bank note could be
obtained. and it was almost impossible to
procure exchange at any price. Business Of
all kinda was impeded, and the wheels Of
commerce were completely blocked for the
want Of proper circulating medium ;
consequently, many were forced TO close
their doors. To this state of things the
short crop Of 1857 may be added. much Of
which was not harvested and more OF it
badly. gaown, and consequently unfit for the
Eastern market. Had the crop Of 1857
proved abundant. the West would ere this
have been cut Of the greater part Of her
financial difficulties. Yet dark and gloomy
as the financial and commercial esy ap-
peared, the Western people o red their
difficulties full in the face. anu met them
manfully. and done all in their power to
pay of their Indebtedness. All eyes were
turned to the next harvest, with hearts
flushed with hopes that in it they might
find partial. if not full relief from their
unenviable position. that their hopes were
blighted Instead of an abundant harvest,
there was not more than . third Of q crop.
and the greater portion Of that unfit for
market. With these combined misfortunes
is it any wonder that the country is hard
up? Isit any wonder that ell the public
and private works Of the country was
abandonedl Is it any wonder that thous-
ands were turned out Of employment, and
were forced to 60 elsewhere to get a living?
IL it any wonder that merchants and others
cannot pay their Eastern creditors, or that
the men of three per cent month cannot
collect their INTEREST," We now leave the
reader to judge of the past while We brief
ly view the present aud future of the
West
New that the financial sky 10 becoming
more clear, We are better able to Judge OF
our true position. That bubble, called
speculation, has burst, and property Of all
kinds have come to their paying value
their legitimate worth The manufacturer
is supplying the actual demands Of the
country the merchant is keeping his busi-
ness within bounds the farmer is cultiva-
ting the coil with renewed energy. ard all
that is lacking is good CROP With an
abundant harvest. the West will once more
be on her way to prosperity. There never
has been day since the first settlement Of
the country, that there was 80 many induce
ments held out to the industrious hard
working classes, as at the present time New
er was there better time fer capitalists
TO invest. No fear OF loosing al the present
prices Of lands. No fear but what the
rich luxuriant soil will redeem the char
acter it has lost during the last two yesrs
Let the Eastern Bulls" draw the strings
Of their purses tight. Let them refuse Il
open their Golfers to the reasonable de
mands Of the West let them howl over
their losses and call the West rotten il
will not stop the onward course Of the
country. II the West is rotten it 10 not be
cause her sell is poor. her climate is Nm
healthy, nor because che lacks . market ol
n cans Of transportation ,-shs has all the
advantages Of wealth and prosperity with
in herself We would cay to our sore head
ed friends. be patient wait little while
it is only matter of time. and that time i.
not far distant, when the Western States
will be called the Queen States of the
Union. Their produce will make the wa
ters Of the Lakes and Rivers groan beneath
its burden, and the Steam Horse tug leis
urely along before its weight. JIM.
~ We were yesterday shown q
very correct representation Of a Pixies
Peaker in the very act Of producing the
precious metal. This clasic statue 10 in tht
possession Of ADD H. SANDERS. Esq, editor
OF the Gazette. who will be only too happy
to exhibit it to his friends. The lsdiel
should improve this opportunity of viewing
one Of the notabilities Of the age.
E Don't forget, ladies and gen
| A. luA - akD. &