Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1865-07-22

e3'saas q ~ ~reatest event in history since
- Childrcn q Israel crossed the heo -
No ~ e 49, or the thounnd 800 -
event n mich now Ne - .at'o.
cially, ana the chriskiaa world ger -.
re;n;ce mt ,arA formed . part Of ine
great combination, and became tnc STU"
,,lant or occasion Of its succcseh' r
thus particlc after particle, boulder alNI
lDulder. and stratum after stratum ~as
added tin finally the climax was reacneu
and the great end accomplished winch w'i
r,ass with its symmetry into history as the
urandest and most sublime event OF the
Nineteenth Century, and one OF greatest
and brightest influence upon the progress
of mankind.
10 learn, in the future its history NAV
be to acquaint ones self with the fact and
date of its occurrence, with its magnitude
in itself, and the importance Of its bearing
upon succeeding ages and events. But to
know the phsiosophy Of its history is to
discover the causes and combinations which
have operated and united to produce the
grand result And, may add, that to Sc
cure its full fruition requires the utmost
fidelity on our part, to see that the fact is
fully accomplished and that the complete
ness Of the event is not marred by failure
to place all wcro on perfect equality before
the law as they are before their Maker.
This illustration pertains to political
event, so-talled, though it bears weightily
upon mankind in its moral aspect The
| occasion which has called us together to-
day is neither strictly political nor moral
though not in antagonism to either 1t is
educational in its means, eo,nmerciai in its
results, and to the philosopher Of history
has an importance far above and beyond
the comprehension Of the mere rcdeier Of
history or the casual observer Of passing
events.
There is progressivencss in the com
mcrcial world as we'll Ms in other depart
ments of practical life and for that pro-
gress We are indebted in an intellectually
large degree, to our commercial colleges.
And when the historian Of Iowas
future commercial greatness shall re-
cord the completed fullncss with
the attending incidents of that
greatness for the Nineteenth Century,
that the Iowa State Business College, which
we to-day formally inaugnrate was one OF
the important influences producing it.
lnlS inslltutiDH, one VI lUlcI HitiOHdl
chain, teaches the science of commerce and
inpresscs its teachings with practtced d,"e
oadrdtions essential to success in its pnr
suit. TO fully understand the importance
of practical instruction you need only take
a short tour towards the frontier of our
own lovely and prosperous State. Your
observations will discover to you number
less "sitcs' where formerly steam mills
were erected and operated, strictly accord
ing to theory, and for a time dispensed then
advantages to those ncighborhoods and
surrounding country. Your inquiry will
discover to you the fact that the theory
had never been taught or impressed with
practical demonstrations, and that the re-
spcctivc proprictors had first sought this
teaching in the school of experience
, where to their utter establishment they
found their supposed theory greatlyat fault
and their tuition fee, bankruptcy. 50 uui
, vcrsaly true is this, that the experienced
traveller in Iowa recognizes every steam
mill smoke stack" as the pccuniary tomb
stone of the origtnai proprietor, wherein
may he found the cpitaph. Here lies the
} Dry who died OF bankruptcy, produced by
homeopathic dose of practice"
Your observation will also discover To
youa new store" at very many promis
. ing towns and stations, with the door and
blinds closed, which to an observing mind
seem to say Enquire Within such inqni-
nv will develop the fact that an cnterpris-
ing and. not untrequently. an educated
| Young man, or one more advanced IN years,
but without business education, or practi
cal knowledge or experience, had started
in business, with high hopes and bright
anticipations as to the future, based upon
his diploma or his conscious knowledge
of books But not having the necessary
commercial education his career as II mer-
chant--like the new store he had opened
was soon brought to close. The store
remains unopened and marks the place OF
his bankruptcy, while his notes remaining
unpaid indicate the amount, and vIgilant
creditors and their attorneys are omnipres
cnt to discover the .taet. And although the
experience of such merchant might pos
sibly become to him n beacon-light and ena
| Bile him to avoid in future the same shoals
upon which he was wrecked, yet the results
Of that experience, with its burden Of debt,
renders it difficult if not impossible for
linn to again enter the same or other com
mercial pursuit.
These illustrations could be multiplied
to an unlimited extent, but it is unncces-
sarv, since they are facts well known to
every observing man. 1t is because fail
IRE in business is so calamtous and often
DESTROYS the usefulness for lite of the party
suffering it, that proper business cduca-
ton becomes a matter of great interest not
only, but eminently matter of the
first importance, and by no means to be
overlooked or neglected. 1t may safely he
asserted that failure in business four times
| in five results from either ignorance or
disregard Of that commercial education
now open to all The consequences fol-
lowing each failure are not simply the pc
cuniary losses to creditors, nor the sacrifice
of the business to the person failing but it
often leads to incompetence and immoral
ity. and not untr,qucntly to direct criminal
acts in the fraudulent conveyance of prop
erty, and otherwise. This act Of thus con
veving property is one which moderate
amount of professional observation has
taught me- is quite too frequent, and almost
| invariably results, like every other wrong
to the prejudice or ruin of the party per
pctrating it, 1t should never, ntrer be done
am not unmindful of the excuses for it
they are duty to ones family, to see that
| they do not suier,-to secure little to start
in business again, and thus be able to pay
all-the injustice Of the claim Of some
creditor--to simply avoid security debts
to repay the generous advances ofatoo con
filling and delicate wifc-to secure the ad-
vanccs made in days of prosperity to now
needy and helpless children-to compen-
safe faithful children for their labor in ac-
quiring the propcrty-and others innumcr-
able and equally groundless. A reasonably
extended observation has convinced me
that no state of the case or plausible excuse
can Justify the act. In other words, in
+ this. as in everything else, honesty is the
best policy" God who could and did
) provide sacrifice for faithful Abraham
and opened the Rca Sea as a way of escape
for the children of Israel, can and will pro
vide an Offering and way for all those who
are faithful to Ills Right now
4 We are said to be progressive people
+ This is true. And yet our progress is not