New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-07-03

other prominent and well known DemOcractic eaders
Mr. Douglas appeared to be in excellent health. lie
will probably leave town to day or tomorrow.
IOWA As STATE TO EMIGRATE 10.
PERHAPS no State in the Union has suffered mere
from the panic of 1857 hsn the State Of Iowa. for Of
all the States it was juN in its most tender bloom
when the storm came; far enough advanced to De
blasted by t-not enough to recover speedily from lie
effects. Within three years the population Of lows
bad increased about 100 per cent the land under cult
waite in corresponding ratio; cities extended their
limits and their trade to suit the increased demand OF
this emgation and railroads being built to convey
emigrsna further west TO the interior Of the State.
Thus perfectly natural that the price OF prop
erty should advance 10 like manner; and it betrays
great lack of judgment when Eastern men sneer at
what they term the speculative rise Of Western prop
erty II there surer Indicator of the increase in value
of landed property than the increase of the population
of the district wherein it is situated If New-York
were twice as large as it is now, would not the prop
erty in the city be worth about double the amount Of
what it feches now And with this Increase Of value
of property came the natural desire TO promote the
further growth Of the State and everybody did his
best toward the attainment Of this object. Land was
cultivated, farms mpr we'd roads laid out, manufac-
lures started and railroads built; Eastern came
and lert their money freely though at an exhOrbtant
rate they increased this desire for speedy develop
ment of TIE counry's resources, well knowing that
theirs wonld be the benefit III thus creating new mark
cts for the manufactures and commerce of the East
But suddenly the panic An idea had struck the
peope-a nightmare crept over their sous-the phau-
tom of dntrust. SupposDg. said they-looking ex-
tremely heightened and sheepsh-supposng that prop
erty has value, not all investments worth.
less Supposjng-the heavens were to tumble down!
Foolish ridiculous, it may SEEM people acted In
accordance with this idea. All the Eastern capital was
at once Withdrawn from the West as rapidly as cir
cpmstances would permit and, az natural conse-
qhence, all works Of Improvement had TO be stopped,
10 await the reinstatement of common sense and with
it the coming again of better times The suddenness
of this withdrawal, coming, as 1t did, In the Fall OF
1857 when the crops had turned out unusually bad,
made s effects still more disastrous. And yet bat few
failures occurred in this year. Everybody thought that
the blow would be but temporary, and awaited with
patience ard hope and better harvest In the COM
ing year. But when the crops in the next years failed
again and the pressure from the East still continued
then matters assumed far somber aspect, which
the low price Of grain did by means tend TO SOFTEN
The farmers became discouraged the little surplus
above expenses at the end Of each harvest had left
n cir hsnds pay interest the Eastern capital, with
which their farms encountered None of it came
back again; and the farmers were no better off, when
Il ey had paid it, than before. For when discourage
ment bias once taken bold of the people of whole
State the smallest misfortune assumes at once unwar
ranted proportions. Thus, if farmer, with nice and
Velicultlyated tafm OF acres, Win house,
&C.. upon IT, has but contracted in good year debt
of $500 ard not abeto pay il at the time DUE owing
TO the failure of the crops he is entirely at the mercy
OF bis creditor For all of his neghbors are az poor as
himsef-there is one TO bny at the time OF the sale
but the creditor he may buy the whole farm for $780,
and still retain judgment against the owner for s'OO.
Who is to hinder him? Snch instances are by no
rare; and ten TO one but the Eastern CREDITOR
no las thus bought the farm worth perhaps 1000
at $780, will turn round and say that he has been swim
died in the West out of 800
A few words more about the real value Of Western
lands: Why should lands in Iowa, for instance, be
worth less than lands in New York Ohio, or Indiana
They intrinsicy worth far more for they are OF
better quality and Of far easier and cheaper culva.
ton. The average production of Iowa prairie land
may be estimated at 20 bushels OF wheat per acre ana
80 bushels of barley. For the growth Of corn there is
DO better soil TO be found than in Western Iowa. It
averages from so to 100 bushels per acre. Nowhere
cattle be raised cheaper and more prohtsoy than
the rich prairies, extending from Jasper County 70
the Missouri slope.
Now take one county for instance, and see what
lands can be had there for. Poweshiek County, in
Iowa, has about 5000 inhabitants. The land is of the
very beet quality the Mississippi and Missouri Rail
road running west from Davenport, will reach the
county this Fall yet; thriving little town Of about
LOCO nbabitans-GrinneD-is on one end OF the
county. Here farms can be bought, partly improved,
al 81 Der acre: that is TO say, worth 81 600 can
| become Immediately the proprietor Of farm large
enough for any family and still keep 800 for farming
implements, &c Timber land ia worth from s. TO $40
per acre five is enough for farm OF loO aeresi
but even that can be dispensed with by laying out
small strip of the farm itself for timber. la years
Won cap raise the tbickest locust grove your far
which will last for countless sene.siioDs.
lake amour r example: Davenport is city Of Is, 00C
inhaonants on the Mississippi River one of the mos,
beautiful places in that beautiful region At present
farms can be bought at distance of from five to ten
miles from the city, all in cultivation and with many
Improvements, at price ranging from $40 to s25 per
acrea price which one ordinary crop will almost suf
flee 10 pay. In fact there better occasion
for Eastern people to acquire homestead than the
State OF Iowa offers at present. where from dis
couragemeut people selling their farms at
price 80 low as never was dreamed of before.
Ii generally thought that Iowa is altogether prai
RE without any timber. Such is not the case. All
the State scattered beautiful groves and each
little stream coursing through the gentle unduatons
the prairie is lined each side with timber But there
il still another point which makes il 10 be regretted
that the development of this State has been 81 sud-
denly checked. One-thrd of the State 10 Immense
coalfeld, extending even down into Missouri. And 1t
is owing to this fact that may with certainty look
10 the future establishment of manufacturers all along
the hne of the Mississippi River That the time will
come is not TO be doubted. When, depends mostly
upon Eastern capitalists. With money AZ 81 low
rate Of interest TO be amost drug IN the Market
where is there better chance for the employment OF 1t
than in the extensive West! Let their attention be
turned toward il. n.
Mr.. Thurlow Weed speaksin The Albany EreniHg