The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1877-08-03
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III population. ~ shv ies,rsans In s~nsstt.
inR power, iIn,l~ ils fullest lIlnstrntinn iii
lhe tannl~f,d enterprises i,,~ nr,iltlsY4,
nlnl especially tli,-e devoted III Articles
al tll. futtil.aiinn vi h,tnan wants, Eupi,
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issitl III ir,n wurks anl wMiri mills, aial
which rrrr rrntr,l ilm savings FIR y,afs
II Very large utiinl,er N persons, hns
lsvn IN Er'ni rnft m much wartrsl ~
though destroyed hy iirr rr r,tnk in Tin
ocean" In view III ihc rnornauua -.
l,nnsion whirh the aM,vr increase ~ In.
Lrhtc.lneTs illm1srnter, ia n any wonder
that business IN depressed nnl allow of
r.cuvcry2 Applying thr 1a,nr prinei.
ples to thr community aa 10 nh Individual
b,lrlIrHs Iaai', tie in.yitallu result of
such 4 growth ~ obligation, will, rurl,
M inability ~ pay, II that diN,rirr anil il
lung pr,sssn ~ liquidation IL sir a. f,I.
Inv. The grnwth II thu country. tlu
development ~ it~ varied rrso,ircc~.
economy. nlnl tho sl4n.ly application IL
conservative business principlc~, III time
nay protitahly employ all thu facilities
the last ten YEARS have created. aii,l MI
Just this bnrlci, ~ debt NJ TINT II cun
lc cnrricl n,nl eventually Repaid. Only
In proportion I'm that periul III ~.
proM'lisal may u tnur, healthy ninl prus.
porous condition ho anticipated, but tlin
immediate future l,unArsHtH no pnel,
hopes mere tlnm Ii l,onxcmrs ability tn
lilni,latc nh,l make profitable Me debt
wliirh wears have accumulated Will, n,,el,
fearful rupility.
Meantime people must mt. drink anil
wsar, a,nl n, thu nMpply u these nrcg,.
siti.s . certain extent ~ tr,ulc IN secure.
AMI this iriulr ought not ~ i,e unsafe In
sections ~ country mainly dependent ~,
agriculture. Which includes ilr great
Nsst and south, wl,sre the plirrlnsi,,g
i,n,l lebt.lMying tnwer is MT II, resi riet
III aH elsewhere. III. rl,mf .liiIir,lis, il.
iliai The iIuinln'f engaged HI trMlt tl,nr
limitul IL ~ fnf III rxrc1a NJ iis sxteuf
TINT Tie competition IN destructive IT
profit. The evil II nte whiel, will, II Ii
tllo principal proves. hy whicl, this will
l,.' effected IL tI,at ri failure. mn thu .al.
untnry Withdrawals. especially from r..
tnil trMi., nrc very ittfr, Thu failure
statistics ni.. therefore. likely ~ rlpw
Il continued lnrgr number NJ casualties.
but Ia this Wow may ba nofe significant
of health tllan .lis.Ass'. II large pro-.
portion NJ tnGlers who siiccnmlp could i,e
kept ont ~ business. anl In provided
with snms Dtlirr pursuit than that II
helping to divide small tr,nln among
large number, failures would nut bc mn
un,nixed evil. lint tho facilities which
wl,oiesa.n merchants thcmMIyr. afford
fur ciiuciinH settlements NJ Nifty cents oli
the dollar anil lcss, md which TIN I'M
tipnnl bankrupt law encourages, nrr MT
infrennently ~ effective premium " tlle
greatest r.seality nnl pprest capacity.
hit time curry nll, nill II III 10 be- hoped
tllnt 4 h,isinerA sentiment against cum
promises nnh In favor N all amended
bankrupt law will bc gradually duvel.
opr,l, ninl he elective toward rcmcdying
existing esila.