davidaulloa/AmericanStories huggingface dataset:
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02
IHE PANIC.

The panic has suspended and has al
ready become nine days wonder. 1t
had its origin in a shrinkagc of values
of railroad securities, and in a general
want Of confidence in them.
We have $1,000 miles of railroad in
the United States which have cost well
on to four billions Of dollars. or near
ly twice the amount Of the public debt
About two billions of this indebted
ness is owed abroad, and considcra-
BILE portion of il was contracted in
building moonshine railroads, through
deserts, mountains and plains, where
there will not be traffic enough to pay
dividends until the child now in its
nurses arms becomes great grand
father. Jay Cooke & Co, who ac-
CURED great reputation as Secretary
Chasc's ncgotiatcrs Of government
bonds, clated by their success in that
line, undertook to build the Northern
Pacific Railroad, which.they have now
completed from Duluth to Bismarck
on the Missouri River, distance of
DIG miles. Railroad securities of that
kind have been falling into discrcdit,
however, of late, and Jay Cooke e. Co.
were compelled to put fifteen millions
of their own money, and that of their
correspondents, into the enterprise.
The growing want Of confidence in the
necessity Of that enterprise however,
finally sent their creditors into their
bank for their deposits, and their land
grants being worthless and unavaila-
bic, and their other securities uncon-
vcrtiblc, they couldn't realize and
went to protest. This tumblcd down
many other similar railroad concerns.
and in the panic which seized upon the
people many good houses were over
drawn and had to succumb. Chicago
IL Northwestern Railroad stock, which
represents one of the best railroads in
the country, dropping from so to 40c.
a little time for reflection and in
vcstigation has shown The people, how
ever, that it was an unwarrantcd scare
that no legitimate railroad in the Unit.
cd States is unsound that regular and
legitimate commerce and banking bus
mess was never on q soundcr basis,
and that the country is OVERLOOKING
with abundant crops. which arc in de-
mand abroad at good prices, so that
what appeared to be few days ago a
general commercial crisis and smash up
seems now to be plainly only small
Bull Run wherein many people be-
came badly demoraized before they
were really hurt.
The result will be the freezing out
of illegitimatc spectators of all Sorts
and the placing of sound and legiti-
mate men and business on better ba-
sis than before, and the country will
be benefited rather than injured by
the purifying breeze.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02
TnE. CANVASS.

The county canvass Is progressing
with q peculiarly favorable aspect to
the republican ticket. Our candidates
are sustaining themselves admirably,
and at every meeting getting the bet
ter of their opponents.
Eminent satisfaction is expressed by
our friends everywhere at the result of
each discussion.
Again. we call upon our republican
friends throughout the county to fail
not in each school district to see that
every republican vote is cast.
1t is perfectly impossible for the re-
publican ticket to lose single man in
the election, if the republican party
cast an average full vote.
Turn out each and all of you repub-
leans, and we shall gain the most de-
cisive victory we ever had. Let moth
ing keep you. any one OF you, from
the polls. except it be something you
cannot possibly avoid. II is our duty
to urge yon TO fail not, and is your
duty to see to it that you do not.
Examine well your tickets, and see
that they are right. Beware of frauds
beware of stories circulated about
candidates on the eve of election; be.
ware of slips with the name of can
didate of the opposition pasted over
| the name of some candidate on our
ticket. These frauds have been com.
mittcd by our opponents, and there.
fore we rightfully reason that they
may be again. Look out for spurious
republican tickets, headed such, with
the name of some candidate or candi-
dates on them of the opposition. Read
your ticket carefully all over-get
| your tickets of some wcll-known re.
publican, who is sound, one who works
and votes for the straight ticket with
no scratches.
Go early to the polls. Don't delay
| tcrnoon.
Let the republican vote roll in, in
solid phalanx in the forenoon, and then
the stragglcrs can be picked up in the
afternoon. Let the broadsides be
heavy in the morning for they dis.
heartcn the enemy terribly. Our vic
tory republicans will be glorious JUS
in proportion as every man of yor
fails not to vote, and to ser that Others
vote.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02

The Eddyville Aacertiser, the edi-
tor OF which had personal contest
sometime ago with the Hon. S. T..
Caldwell, has come out in opposition
TO that gentleman. Mr.. Palmer. the
editor, confessed afterwards that in
that contest he was wrong. and prom
ised to do better. IT seems, however,
that he has resumed the fight ii is a
matter of very small moment and will
add to, rather than take from Mr..
Caldwell's vote in his township. The
ddrertiser gives reasons for its action.
which are the most trivial and non
sensical in their character. Among
these we find that The 1accrtiSer
charges that he voted on railroad bills
against the interest of his own town
and for the interest Of Ottnmwa.
What silly bosh. Mr.. Caldwell is
not the narrow-mindcd man who takes
in only his town or any other town.
but the whole county and State, If
this is your dodge Mr.. 1dcertiSor to
win votes in Eddyville from Mr.. Cald-
well, because as you say he did not as
a legislator look after the interests of
Eddyville at the expense of the rest of
the county you viii make very poor
Roadway.
Eddyville is not the only place for
Mr.. Caldwell to lcgislatc for, and this
attempt to hurt him at home by such
means will not pay
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02

1t is n fayoritc and almost the only
line OF argument pursued by the So
called reformcrs nowadays to rake
up and recount all the populations they
can find of men in Office since Grant
came into power.
There arc number of such cases.
but of of these there are very few in
deed in which the government has lost
anything. Further the record shows
that The officers appointed under Grant
have shown themselves as honest and
capable as has ever been found under
any administration.
Again as the Ohio state Journal
says: ave would like to ask plain
question or two. Docs not the record
Of tho Government service compare
very iavorably with that of private
business. in the matter of defalcations,
embellishments. breaches of trust, swim
ding, and general dishonesty? Can
it he justly expected that the Govern
ment shall be able to secure greater
immunity from loss by unfaithful SER
wants, than shrewdly-managed rail-
ways, banks, trust companies, insu-
rance companies, municipal corpora
tions. or private business houscs?"
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02

Over $l2, 000,OO0 Of bonds have bee


purchased by the government since
the financial panic commenced. This
decreases the interest to bc paid by
about $3.50. 900 i'm gold.
This was well. but The government
soon saw that if our whole people
We're to run wild and go to boarding
up the currency just as fast rs i'm their
scare they could draw it from the
banks, or get it otherwise, that in
spite of all they Nigh. do, tho circulat-
ing medium. would continue 10 de-
crease, and it would he a useless game
TO play. 1t became necessary there.
tore to stop it and let tho people wake
mp to realization of the suicide thew
were committing by getting panicky.
Happily for the people of Iowa
they have not. as we can see. been
pancky to any alarming extent. and
everything is fast coming right in con-
sequence. There is not the first shad-
ow even Of a reason for distrust. We
were never better Off. and never was
there such an easy financial outlook
for the West as now.
Our crop is heavy and remuner-
alive prices prevail. This crop the
East and the Old World must have.
md they must have il in the next
three months. We have not really
been in so good situation as we now
are, for years
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02

ASHLAND AND ELDON.

The meetings for joint discussion at
these points were well attended and
quite enthusiastic, especially so at Ell
don, on the evening of Monday last
Mr.. Caldwell had an appointment to
speak at Eldon, and as usual, the
Anti's speakers pushed their presence
and demanded to divide time, insist
ing that they also had an appointment
there at the same time. Mr.. Caldwell
good naturally gave consent and the
time was divided with Mr.. Dixon.
Each speaker occupied an hour and a
quarter, and Mr.. Dixon was evidently
very much chagrined 10 think he had
put in an appearance, for if ever man
was demolished in the speaking line,
he was. At Ashland Mr.. Caldwell
charged Dixon with voting for the
resolution to take newspapers for the
members OF the Legislature. He did
not deny it. At Eldon Mr.. Caldwell
reiterated his charge, and Dixon de-
MED that he had SO voted, stoutly,
persistently denied it. Caldwell unfor-
tunately had not the Journal of the
Senate for the years '62 and ga with
him, and could only pledge his word
that II was true. Well, at Blakesburg
on Tuesday, Caldwell again charged
Dixon with voting for the newspapers,
and again Dixon denied it, when
Caldwell pulled out the books and
read his name among those who voted
for the measure. What do you think
Dixon did-tell another whopper !? No
he took the floor and ATTEMPTED 10 inst.
Hy the act.
Certainly Mr.. Dixon cannot long
swim without sinking if he continues
thus. His whole speech is made up Of
charges without producing particle
of proof, and with long and loud rant.
ings against the corruptions of the Re.
publican party.
Mr.. Caldwell nails these rawlings Of
the gentleman, by asking the audience
if they remember what the Liberia
convention at Cincinnati and the Dem
Ocratic convention at Baltimore did
They endorsed every action of the Re
publican party up to that time!
The discussions are generally wei
attended, and Mr.. Caldwell is making
his mark, both as an astute stumpel
and gentleman Of undoubted ability
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02
The News il Good.

Four millions OF currency have been
received in Chicago from the East.
Everything brightens up, and before
the week is out, we shall all be inauir-
ing of each other, what were we
frightened about?
Our Banks here are moving on
smoothly, paying out briskly over
their counters and receiving in deposit
largely from Our business men.
Faith and confidence i'm our banks,
which are abundantly sound, is all VIC
want to restore everything TO just as
good a condition as ever. It affords
as pleasure to state that this faith and
confidence is given our banks, and mo-
body now fears anything but that the
little furry will hurt fall trade and
the active movement of produce.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02

Perhaps never before for year. were
the merchants of the west so generally
paying their liabilities before due and
1iscounting them from two to five per
cent as they are now, or were before
the panic. This shows the healthy fl
nancial condition of the west The
fact is that the scarcity in Europe and
our abundant harvest must give us n
large supply of money just as soon as
this foolish panic can he dissipatcd,
We venture TO say that there is not
single ono Of our old merchants but
but what is discounting his eastern
bills. The payments Of orr wholesale
merchants are prompt, as mnch so as
they ever were.
These things are the best evidence
in the world Of our healthy financial
ondition.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02

The First National Bank of this
city, as most our people know, kept
its Chicago Exchange account with
the Union National Bank of that city.
The rest, or large portion of the
balance of the Chicago banks evident
ly had feeling against the Union Ma
tional and made corner on it by
which that institution was again
obliged 10 suspend on Monday. 1t is
proper, therefore, to state that our
First National was fortunate in having
but very small balance with the
Union National, the sum being less
than 5000, This is mere bagatelle
and doubtless will not be locked up
long, as w. +. Coolbaugh is not the
man to be kept down. That anything
will be lost finally, is impossible.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02
REPUBLICAN, STATE TICKET. !
REPUBLICAN COUNTY TICKET

For Senator
JOSEPH II. MERRILL.
For Representatives,.
;. T.. CALDWELL.
JACOB SIBERELL.
For Treasurer
w. IT, II. ASBTRY,
For sheriff,
THOMAS p. SPILLMAN.
For Auditor.
VIM. III. CALDWELL.
For superintendent of Schools,
CLAY WOOD.
For surveyor,
i. d. McGLASHON.
For Supervisor,
SAML MCCULLOUGH.
For Coroner,
DIR. A. G. OLNEN.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02

j. W. Dixon, Ant. Mounp candidate
Tor the Legislature, we understand,
took back what he said shout the banks
OF our city at Blakesburs while max
ing his speech last night at Eldon. He
thought ii was good thing to bcratc
our banks. but afterwards found it
might not pay so well. Always look
before Won leap.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02

Yesterday evenings Chicago Jonr-
nal says since Saturday noon and up
to noon yesterday, the great Express
Companies had brought to that city
from the East for the Banks, grain
dealers and merchants, $5,3I5,0O0 in
currency, and that during the week
past the money order department Of
the Post Office had paid out $4,000 in
currency.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02
CHANGERS IN POLITICS,

The State Executive Committee of
the Patrons Of Husbandry has issued
the following circular to the Changers
in regard to the error of making
Grange nominations
Iowa STATE GRANGE Z. OF H., }
OFFICE OF MASTERY
CEDAR RAPIDS, Sept. 8, 1873.
Information has been received by the
Executive Committee that several
Oranges in certain portions of the
State have made Grange nominations
for county officers, using the order for
such purpose, in direct violation of
Article XII Of the National Constitu-
ton. While We recognize the duty of
every good Patron to exercise his
rights of citizenship in wise and in.
telligent manner, yet to use the order
and our organization for the purpose
of partisan politics is, in the opinion
of the Executive Committee, in direct
violation of fundamental law of our
order, and productive of serious and
notent evil. Therefore,
Resolved, That the brothers consti-
tuting the Changers taking such ac-
ton be requested to take immediate
steps to remedy the error into which
they have been led, and we ask them
to do this in fraternal kindness; at
the same time they should understand
that it will be the duty of the Execu-
tive Committee to recommend to the
Masters of the National Grange the
revocation of the charters of such Of
Tending Oranges, if any steps are
taken further in that direction.
A. B. SMEDLEY, Master.
SPENCER DAY, Secretary.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02
CHICAGO AARKET.
CHICAGO, Oct. L,

CHICAGO, Oct. l.
There is much better feeling on
change to-day and with an active de-
mand for grain. Prices have general
ly advanced. The board to-day re-
scinded their action of few days
since suspending rules in regard to op.
ton trades, and there was considerable
trading for the future.
WHEAT-Active and higher; $l.OO
for cash or October; l.O61s for No
vembcr.
CoRN-Strong and higher; 36A for
cash or October; Al for November.
OATs-Firm and higher; 90 bid for
cash.
BARLEY-Firm at $l.25.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02
FOR SAIE
ALL
Bargains Long Time!

Houses and Lots on Court street.
Two acres on Court street, between city and
cemetery.
tween Main street and the bridge.
House and lot ON Main street, near 4 ~ depot.
Several lots Of ground on Main street. between
Market and Jefferson streets.
Houses and lots on Second and Fourth streets.
Several houses and lots in Blake's addition.
souri,, at low prices and ON long time with per
cent interest to actual settlers.
40 acre farm house barn and grsneIy small OF,
miles east Of Ottumwa. VIII sell cheap or ex-
change for city property.
balance prairie. In Highland township.
lao Acres, good orchard, and d acrea improved,
plenty Of spring water. In Green township.
100 Acre farm In Green township.
wild lands In washington. Agency. Eeokuk,
Green and Adams townships.
House and lsh acres, nice farming land. Two
10 Acres, two miles west Of Ottumws
Several small farms In Washington toWnsbip.-
Reserving coal rights. Would exchange some Of
Several nice farms In Wapello county, to ex-
change for Houses and Lots IN Ottumwa.
Good farming and and timoered lands in Western
change for city property and horses and mules.
Some desirable farms to exchange for merchan-
a tract Of 1880 acres heavy timbered lands near
rail road In Missouri, and $1,000 cash for stock
Of Dry Goods.
$50 acres, farm and timber. near Queen CITY. on
North Missouri railroad, aud $1,000 cash to eX-
change Tor stock of Dry Goods or desirable resi-.
dence property In OttumwA
Good farming lands, In Southern and Western
Missouri and Western Iowa, In tracts TO suit pur-
chasers and on long time with per cent. interest
Also, farms Of 40 TO 800 acres, well improved, In
tumwa on liberal terms, ct low prices.
AtchisOn, Topeka and Santa Fe railroad lands
at low prices, on long time with low rate OF int
Free transportation TO land buyers. For railroad
tickets. maps, plats and full particulars apply to or
address
LaFoR0H 4 MORSE,
1anl3dAwtf Ottumwa, Iowa,
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02

Mr.. Dixon could not get along at
Blakcsburg on Saturday without pitch.
ing into our banks and arousing public
feeling against them. May be that
will pay and may be it wont.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02
CHICAGO LIVE STOCK MARKET.

CHICAGO, Oct. l.
CArTLE-Receipts 500. Market dull
and unchanged.
HoGs--Receipts 2299. Quiet and un-
changed; extreme range $4.O0@4.W
for common to extra.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02
senator sherman. Of Ohio, on the ri.
nancial Siiuntiom.

senator sherman. Of Ohio, on the ri.
nancial Situation.
Senator John Sherman made the fol-
lowing remarks on the financial situa-
ton. at the Republican mass meeting
in Cincinnati Saturday evening:
The Republican party is on trial.
1t has passed over nearly all its trials,
but there is one trial it has had to go
through in the last two or three weeks
and that was the test of our financial
system when touched with panic. /
want 10 show you now that the Re-
publican party, which has been SO sue
cessful in all the measures it has adopt
cd, has been able to do you service
which you can never estimate by any
mode of estimating among men. IT has
furnished You
CURRENCY
which has enabled you during the pam
ic of the last week or two TO convert
your money into anything else that
can be offered you, either houses, land,
or stocks. Here you are. Have you
a greenback in your pocket? have you
pocket? Are you afraid that either of
them will break? Cries of "No."l
My countrymen ! have got very lit
tic currency ON hand, but will re-
deem every dollar of bank notes that
you can show that have been dishon-
ored. Applause. You have now
a currency so good that the people
DO NOT WANT TO GIVE 1T AWAY,
do not want to deposit it, but keep it
in the safest place they have got, with
perfect certainty that it is good for the
last cent it promises to pay
FORMER PANICs.
Why, there are old men around inc
who remember back to those times in
1897, lS47, and 1857 Perhaps some
can 60 back to 1916. My friend here
over the way says he can remember in
1916, when panic came. In those
old Democratic times what was the
result? Every dollar of money to the
poorest of the people was worse than
useless rags. Thomoncy was the first
thing to go. and it was not worth any
thing. A voicc-"How about Jay
Cooker | will come to Jay Cooke
i'm moment. The money in those
times was the first thing 10 wither.
Then people fell upon the money in
their pockets: now, with this Republic
can currency, no man can possibly lose
a dollar. Applause.
Jay Cooke may fail; Clews may
fail: every National Bank i'm the whole
land may fail and yet the greenback
and the bank-notc are secured by
bonds in the Treasury of the United
States. They are secured by the peo-
pies money, and the peoples prop
crty, and all the wealth of the country
must be exhausted before you can lose
dollar on your grecnbacks,or a dollar
on your bank-notcs. That is Republic.
can money!
Senator Sherman is right. We have
no Democratic "Rcd Dog "Blue
Pup" "Page Il Bacon nor Nebraska
Hem & Williams shinplasters. The
Republican party has given the coun-
try safe, sound and reliable curren-
cy, one that you can put a thousand
dollars of in your pocket and lay down
al night with certainty that it will be
good in the morning, good next day,
next week, next month, next year, and
good as long .as it is in existence. 1t
is Republican money, and the people
understand it so, and will not repu-
diatc the party that has given lis such
a currency.
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02
JOINT CANVASS.

We, the Undersigned Charmcn OF the Anti
Monopoly and Republican Central Committees
agree to the following terms for joint canvass OF
the county
ST. To accept appointments made hy the Anti
Monopoly candiaates-as 10 time ana place OF
meetng-as specified below
"a, To accept the time proposed by $. u. Thrali.
lor the candidates TO speak on each side, to-wit
iHne, afternoon, except when circumstances may
render 1t best to take evening; one party to open
the discussion, taking one hours time, opposite
party reply, taking one and ene-half hours time
opening party close, taking one-hat hours time
Each party to fill their time as they agree among
tfemselyes--first day opening TO he determined by
lot, after that time alternately-tn hold discus
stons at places specified below
MaTySvc, Wednesday. Ort I.
Highland Center. THURSDAY. 2.
kirkrille Friday, - =, -
Eidyviic. saturday. . l. -
CiicOthe. Monday. " IT, %
Dahlonega, Tuesday, ' :.
AgenCy, "Wednesday. @ :.
lIape's SChl House Thursday "
Wellman's Schopl
House, Friday, % ln
Jtiumwa, Saturday IL
All The above meetings win lie held at / O'Clock
p. VI.
). II. THRALL,
Chairman county Republican Committee
w. II, kITTERMAN,
chairman Autobiography County Committee.
;. j. THRALI, Chair. Com
w. II. kiTTERMAN az
Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-10-02

by our dispatches to-day it seems
that Coolbaugh's Union National Bank
Of Chicago has finally failed.
We are without the particulars, but
infer that Coolbaugh's persistent bully
ing OF the street, and his debating as
to wha, the bankers and Clearing
House should. and should not do. has
finally culminatcd in a run on his
bank, which he could. not meet. Other
wise Chicago is reported buoyant,