Year: 1859

! The Postmaster Ocoeral wishes to raise
letter postage from three to FIVE cents. lie
only needs that additional revenue to main.
tain the proHigate extravaganza Of his
Texas mails, his steamboat contracts,
and the pay and plunder with which
he is gorgins his favorites. In this
connection we re-state an occurrence at
the close of the last session Of Congress.
The Senate had cngrafted upon the post
Office appropriation bill an amendment, in
PRODUCING some economics into the printing
and advertising Of the Department. To
this amendment the House agreed. But it
so happened that upon other amendments,
the two branches Of Congress did not agree,
and upon these disagreeing votes confer
ence was ordered. 10 the astonishment of
everybody, and by proceeding till then
unknown in parliamentary history, this
conference made a report, striking of the
retrenchment section which the Senate and
House had both adopted, and in the hurry
of last hours Of the session, the report Of
the conference was carried through. In
other words, cenferees upon the disagreeing
votes of the two branches, assumed iuris-
diction over their greeing votes, and so
nullifed the pint power of the Senate
and House. The man who, managed this
thing in chief for the Postmaster ucucral,
was. Mr.. Phillips, Of Pennsylvania. After
the Postmaster General has fairly exhausted
retrenchment in his Department., the coun-
try will entertain the proposition for higher
rates of letter postage, but not before
Reform is the first remedy. Taxation is tho
last Washington Republic.


The Future Prospects of Iowa.


In consequence of the general scarcity Of
money, as well as the general depreciation
of real estate, following as a matter of ne
cessity, the general pressure in the money
market, has the tendency to produce, in the
minds of most individuals a spirit of des-
pondency. Causes operating upon the mind
produce corresponding feelings; hence,
most men are controlled by their feelings
instead Of their judgment. II we would but
go back two years ago, at time when spec
ulation was at its height, thousands then
would not sell their real estate, notwith-
standing their Judgment informed them
that they were offered all and even more
than their property was worth; in most of
these cases feeling controlled the judgment.
Ihercy were many causes that operated,
doubtless, and very false ones too. A. could
not bear the idea Of selling to B., for B.
would sell to c. at still higher price
individuals acted under the impression that
would never become scarce again that
property could never depreciate again to
such ruinous rates. But the reaction did
take place, and We now feel its effects most
disastrously: we are now down ut the bot
tom of the hill, and like causes produce
like efEets.-Most every one feels as if the
price Of property would never advance
again, or not very soon at least. Specula-
ton is dead everybody wishes to sell, and
no one wishes to buy. Now in our opinion,
this is all wrong. We think in less than
three years, that there will be as great a
rage Of speculation in real estate in Iowa,
as has been the case heretofore.


Iowa possesses all the elements to make
her great State, and with the recent dis
covery of gold west of US, places Iowa in a
position that she must be the recipient of Il
large share of the gold that will be extract
ed from the bowels Of the earth, in that
quarter. Situated directly on the great
line Of emigration to the gold field, will
bring thousands into our midst that other.
wise would never have come but attracted
hther as adventures to the gold dirgincs.
they will become enamored Of the rich soil
of Iowa, and with all her natural advan-
tages, will invest and settle in the State
Thousands that may be fortuneate at the
mines will seek investment in Iowa.


In our opinion, Iowa is in every respect,
far ahead of any country west of us, until
we cross the Sierra Nevada Mountains;
whilst the new discovered gold regions east
of the Rocky Mountains, will cause a heavy
draw on the present population of Califor-
MIA. 1t will be safe to say that in less than
two years the gold in the world will have
increased one thrd-to such an extent that


it must decrease in valne. That decrease is
shown only by the rise in the value of prop
erty. Those who are owners of real estate
that are not compelled to sacrifice it at the
present ruInous rates, if they will but hold
on year or two longer, will enjoy the fruits
of their golden dreams