Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1859-06-15
THE Loxo 0RovE MEEr,SG.-The

kiI on p5etty 0ucn the entire 1os VI ssPa"
rants for legislative and county honors. In
that party We name - the dead and wound
ed, 20 far:
J. ". Thompson. candidate for Senator.
J. w. Stewart, do do House,
J. B. Leake, do do do
r. Lindsrmsn. do do Co. Judge
J. NcCosh, do do Recorder
All Of whom are - cold - the charaty
of the Senior editor Of the Gasette. We
cannot 6nd It in our hsasts to obstain from
expressing our sympathy With the Aer-
tyss. though ws could have wished shsy
had suffered in . better esnse. for that the
whole thing is the msrsst clap-trsp in the
world, IL plainly visible. and that the re-
suit Of oil such movements 10 to iDiurs the
persons whose welfare 10 sought. 10 quite -
evident. Our cotemporary Of the Nesss.
thinks to make hsadway in popular opinion.
by the advocacy Of notions concerning bu.
sinsss, which would shame school boy
Money always has had, and always will
have. its influence in the world. Those
who have it not, are, and ever have been
more or less dependent upon those who
have it. No Vet can be more suicidal
to the borrower, than. that by which the
security Of the lender IL jsopordized, and
he put to trouble and incon venience In
making bis collections. We desire to put to
the astute and brilliant gentleman who
presides over the columns of the Neos, this
one question why is it that while money
is drug in the New York and Boston mar.
kets at 6 per cent, that it is In Wisconsin,
Minnesota, Iowa and Illinois in demand at
26 per cent. Is it not because of the laws
upon the statute books Of these States by
which the creditor is delayed in the collec-
tion Of his debts There can be no doubt of
this, all experience shows that any attempt
made by legislature to interfere with the
relations which properly and naturally ex-
ist between debtor and creditor, has worked
to the injury of the debtor. and it is always
will do 20, simply because money is pow
er." The holders of money can loan it or
keep it as they see fit and proper. With
reasonable laws and right understanding
between debtor and creditor. money gra-
dually finds its way from the East to the
Western country, and as it comes. tends, as
. matter of course, to . reduction of the
price or value of the same. But capital is
also timid-easily alarmed-and at the
first intimation that any legislature or peo-
pie are disposed to interfere with Its con-
tracts. it stands upon its own strength. and
the weak are made to suffer. This simple
m ovement of the farmers of Long Grove,
will have the effect. if they did but know
it, to make matters worse for al who need
aid and assitance, for it tends to keep money
from coming here, and to send back
home that which 10 now loaned out
Trat there are instances of hardship
there can be no doubt, but the instances are
not all with the farmers. The natural re-
suit of all ouertrading and speculation is to
bring trouble upon those who have allowed
themselves to 60 beyond their proper
bounds This it is, which causes merchants
to fall but who ever heard that merchant
creditor should be deprived hy law Of
the means of collecting his dues of his
merchant debtor. because that debtor, in
stead of attending to his legitimate busi-
ness, entered into speculations, and found
himself with too many goods on hand.
There are two sides, generally. to all these
questions. For illustration: In 1862. persons
could borrow money with which to enter
lands ct el,25 per acre. The Interest Of IS
per ct. was triaing compared with the ad-
vance on the land. The business man was
content to take the interest the specula-
tor in lands whether farmer or not does
not alter the case) preferred to take the
land; now, both are satis6sd. At the ex-
piration Of the year the land may have be.
come worth IS per acre. II the farmer
speculator is content, pays his debt and
interest. and pockets the difference. Now
suppose the person from whom he borrowed
the money or bought the lsnd, should insist
that he give back the property, or divide
the profits, because Of the great increase in
the value thereof Would not this be %
reasonable, - for the farmer to expect the
money loaner to release him from his en-.
gagements, because the land he bought At
IS per acre has fallen to @l,25. The great
trouble in this State is. that the farmers
were anxious to become rich too fast
they were dissatisfied with the slow but
sure process wherein safsty liea Being ont
Of debt. they coveted the forty sere paresl
adjoining; bought it upon credit at high
price. mortgagsd it. together with the
homestead. for the purchase money. The
crops failing. payment could not b made.
and it al went together. A hard case
surely, but the wrong 10 not wholly or the
part Of any particular elsss. Advantages
have been taken by al classes. farmers -
we'll - Others, where the opportunity
offered. That it is wrong thus to take I'D.
vantage Of necessities Of men. II upon al
hands agreed. but you cannot correct the
evil by statute. It must be by other inA-
ences-by needing and obsying that d.
vi~sss Preceps-" Love YouR NxIeaBoR ~
YouRsEJl" A we'll might the Legislature Of
the State attempt to dictate to the farmer
at what price he should sell his wheat; -
we'll dselars BY statute that he should not
refuse to deliver his corn to the poor man Of
the town. amply because hs had NO money
wherswith to pay fer It. The poor man is
without money; he 10 willing to work. but
cannot obtain il He. with his family, must
Aaf or 6iA Thn fa.mae nan s,eaf}fa hlu rninn