Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-06-19

q "a .IAfV l01
,hown conclusively in many faces. Yet,
.h., the coming season 10 10 be an especially
:. ,,;~s.trous enc in financial circles, We
/ i, not for moment beseve, nor can we see
any sound reasons for coming to such
conclusion. II IL both unwisc and ,mpolisic.
ard it is this unfouudcd fear and dread that .
contributes as much ne snY other one cause
q the present dtpTessi9n. The idea pfesa..
lent in many quarters that because ae were I
visited With fnancia panic in 1887, again /
In ~, and lI..sgsin in 1867. a similar re
salt must ecessarily follow before the close /
of the present year on account Of the I'm.
fortunate events necessarily connected with /
the number seven, 10 simply absurd. II 10
similar to the .iaIiacious reason'ngs Of many |
regarding Friday. and who always prophecy
adversely concerning acts to be performed |
on that day, when history teaches US conclu
sively that its hours have been productive
OF more suspicious events and happy re- !
sults than any others during thu week. Il
Is simply a within, without foundation,
worthy only the time Of Salem witehcrsft
and the carly superstition OF the settlers Of
this country. Il shsuld pass away litc
ether extravsgances and DO regarded eniy
a. euch.
The tendency to excess which but a shosl
time ago SO universally prevailed has now
eliminated in the other extreme, and manu-
featuring aud productive industries are at
their lowest cbb. Yet this cannot long last
! A look abroad over the country vii, not fail
to convince one of this fact. From every
quarter we have reports Of the abundance
Of the coming crops and the bountiful sup-
plies that will be garnered during the csm>
ing summer aud autumn months, The rail
roads are oil doing thriving business,
commerce is increasing, and trade generally
is beginning 10 shake itself free from the
tospor and slugsishness Of the past season.
The question Of European war havine
been finally settled to the satisfaction OF oil
concerned, there can DO no cause for stsin>
gencv in that direction. and VIC next inquise
into the state Of the money market both At
present and in future.
The Commercial Chronicle, . most thor
oughly reliable financial journal, tells NJ,
what no one can for moment doubt, that
the supply Of floating capital is unusually
large. The Same paper adds that BY sin.
gular and beneficisnt law. the multiplication
l nf r., inn aatr nsrks in, sch shs,-
! country, increases the rapidity with which
the capital Of that country augments, and
although good deal Of tho flosting capital
alluded to is heing invested in government
securities, still the amount of actual money
is nevertheless % large or larger than ever
before. 80 that not only our banks, trust
companies and other leading institutions
have abundant means to meet large demands
for accommodation, but in consequence Of
tho distractions already alluded to for enc
pl0ying cslital in business, many mel chants
and importers are lenders Of surplus funds.
Hence we may expect an easy money MARI
ket. The disbursement from the Treasury
VIII probably equal the receipts, and no Sc
iions hindranoe to business or perturbations
ct the markets is 10 be apprehended from
this quarter
From England, which in q measure inilu.
ences our markets, We get most cheering re-
ports aud the export trade IS reported as
quite satisfactory. Confidence is gradually
being restored, and The way i open for
speedy return to active and rsmuneratiye
trade. American securities are reported as
quiet, but with the more favorable political
aspect better timc is apparent. and the
quotations experience . favorable rise
In no department. has there been such
universal stsgnation as in the dry goods
trade. There has been comparatively nothing
doing,and the Independent in recent article
iace,iously remarks that such . dead halt
has not been witnessed since The rebel guns
Tired their first shot on Fort Sumter. Stand
ard domestic fabrics feel the pressure and
less desirable goods are neglected almost
entirely. The low prices Brighten rather
than tempt buyers. Yet notwithstanding
The correctness Of these reports, we look for
better Zines mud believe that they are even
now at the door. Confidence in the mar.
Nels is the only thing needed, and this il
most certainly being restored We hope ere
long our prophecy may be wholly fulfilled,
and that idleness and istlcssness will give
place TO industry aud energetic business
which so much benefits our people, and
contributes to their happiness and comfort.
THE PROFITS GOV THE TrRF.-Accordipg
to the English papers, soms large fortunes
have been made on the turf in England
MI. Chaplin, the owner Of The Hermit. wins.
tits said, 100000, besides $4,000 from
Sir Joseph Hawley on bet that The Her,
init would beat The Palmer the first time
they met, and $4,000 that The Hermit
would beat Marksmau. Capt. Machell. Mr..
chaplin's alley. 10 understood to have won
E69,ooo. Daley, Hermirs jockey, also
comes in for good .pickings-fs,oo 900 from
Capt. MAchell. and $4,000 from NJ. Chap
| l'n. The names Of the losesa do not appear.
I'm PorAro Bua. There 10 no doubt that
the post 10 rapidly disappearing from this
section OF tbs country. Yesterday We talked
with number of farmers, snd oil seem "a
De Of the opinion that the swarmine Of the
bugs is sure iadicstios Of their departure.
We know OF . numbes. who, in anticipation
Of having the srep destroyed, neglected
planting this spr!sg. Though full lsse. they