The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1862-12-18

ness men rs quite ao prepoSterous as The freshman
that one even ten mills would add either TO the
price receipts Of produce i'll this market The
Milwaukee mills do not add one hundredth part
of one per cent to the gross receipts Of produce in
mat market. If the produce dealers there should
go out of the market one day the mills couli NOT
sustain the market, in six hours the sellers would
90 begging and the market drag on bare ground
At the time tie Lake Shore Railroad was built
it presented problem to the inhabitants Of our
sister city, Waukegun, as TO whether the road
would carry business from Waukegan to Chicago,
or from Chicago TO Waukegan The matter is
still ain open question and appears nearer de-
termination than the celebrated suit where "the
judges walked and the trial stood still. The ques
ton very naturally presented itself, why should
not Chicago send her wheat to Waukegan TO grind!
There appeared to be no reason why she should
not except the trfng consideration Of want OF
mills 10 grind it. Accordingly our neighbors I'M
mediately put up three mills, which have succeed
in nearly starving each other cut. The Mort tern
Bank of H. was the fortunate owner of one OF these
elephantS The mill still holds its own, but hard
" grease spot remains to hand down the evil
dence that such a Bank ever had legal existence.
LISA noticeable fact that where the officers
hayine charge of the affairs of Bank enter into
schemes outside of their legitimate business of
banking that the institutions over which they
preside sooner Or later come TO grief. One call
opens demand for another, until the bank loses
it's balance ana fails. This fact iuily illustra-
ted in the OF bank not thousand miles from
this city. DepOsiturs have a rlpht to look with
distrust upon Bank wuere its officers have
schemes outside of their legitimate business.
To return again to the question your remarks:
hfal IN haN 8 q
according TO your arguments, have the largest re-
cepts and The highest market as to prices paid, Of
| any on the lakel!i.
! What this market wants is more capital, and
banking iuotit utions conducted in bus ness man
ner. a Banl that has bestowed upon il The
cumulated currency of q market should feel NOR
ally bound to allow that currency 10 go into the
same market to accommods tie its necessities
| Some bankers prepared to very 6iQ5ldiy count
in the pictures ,bu have no idea OF the dutes which
they owe to d market which gives them the gratu-
itous use of 50 much money. Nearly every branch
OF business is bleeding to-day for the want of
prop banking facilities This is the great mill
stone" that depresses business in every depart
ment,
| Grain would be put in store and held here, if
the capital could be obtained to hold it, Live and
dressed hogs, instead of being sent from and thro
this market, would be packed and held here if
! business men could find money facilities iii this
market TO do it, Beef packing on an extensive
scale is only kept in allegiance for the want Of
hill, or bees seek flowers for honey, so produce
looks for capital 10 handle it,
| Banks, to be advantage TO men of business
and enterprise, must have sufficient capital and
be conducted with that degree of business that
those who deal with them will feel secure in their
rights. To force the sale Of another's property
and occasion the loss materially lessen the gains
of months of labor upon mere caprice, is. moral
| ly. no better than robbery. Such transactions
cripple business and make enterprise itself timd.
We told daily on the 81. Gets that persons i'll
this vicinity are neCessltateG 10 20 to other mar
kets to purchase heir cr0ckery groceries and dry
goods by reason of the want of varieties here and
the extortionae prices they charged. When
farmers, at the present writing, can take their
produce to milwaukee, and get salt for 81 per hbl.,
while it is sold for So here, crockery groceries and
other goods prOpUrtionHtely much lower which
market will they be likely to seek =! Stocks of
crOckery that would hardly be an outfit for pri
waite family-stOcks OF dry goods and groceries of
similar limited amount, must be sold at a high
profit to support half d"zen clerks, high store
rent and fast horses the career of that merchant
must be short Here is one place, as look at it,
where the GaZelle comes in.
In former com uunicaton in your paper
think the fact pointed out that discrimina>
LuOn against this market III favor OF Mllwauk ee
has been made by the Railroad, which virtually
excludes the produce from this market. If that
fact has any significance it might claim attention.
OF vital interest to KenOsha, it attracts but little
consideration.
, Referring again TO the question of capital, be-
eve il is the natural course 0fevepts that an in
divdual who has accumulated capital and has ii
in ready means, Tetires from business and loans
his money. An enterprlslDg business man Dor.
rows capital and conducts business and where
these parties come together in the greatest nuns
bers there the most business will be transacted
"a, we will say, is an enterprising business
man who has a large malt house in Kenosha, and
if he could get bank accommodations in kenosha
would buy his supplies largely from first hands,
But Milwaukee has plenty of capital 10 hold large
quantities Of barley, so the grain flows to where il
meets capital and is there held until sold A, tC
come from third hands and at an advance, back tC
l Kenosha-;he discrimination in freight against
Kenosha as we'll want Of bank facilities, adding
largely to this cireumlocuti0n in business.
"B an enterprising. good business man has
} what is called the Gravel Foundry gives en-
pluyment TO large numbers fmen. some of then
skillfu artisans,his employ nent lucrative in its
natural results and useful 10 community. But here
lit dwindes and requires all The nursing oil 'pu
ling infant" Water Cruel and medicines are dai
ly necessities Enterprise, industry strict nteg-
rIty and skilled labor cannot overcome the dlsa'
bilitles OF wan Of capital in the market. Blu
when its wheels are taken down and put uD anC
f its furnrces erected in close proximity 70 money
ita business at stands erect ana strides for.
ward with the strength OF giant. Industry, ell
] terprse and labor strike hands with capital and
the former receives the legitimate reward of indus
try and enterprise.
To show you what capital is employed in neigh
boring markets. copy from Il late business iette
as follows; I'VE have engagements out for car
rying 500 bushels of grain through the winte
II for our friends, :he Banks with which we do bus
-. mess cannot afford any more means III justice
to its other customers, Ii buyers in this marke
could get capital 70 carry Their purchases thloUg
r the " utter they could always sell in round lots a
its full value; bat parts Of cargoes cannot b.
, sold without ma eria depreciation bel it's nom
r insl value, and indeed can hardly be sold at a Ii
Il This circumstance compels buyers TO buy one da
4 and sell the next-sending the produce to g mar
u ket where there is capital TO hold it, This ,
u course depresses the prices and while it augment
i the business OF neiShboring places, lessons tina
of kenosha. Those who are not willfulY blind O
naturally demented must the significance
81 these facts. W