Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-08-26

SAWS. in 1885, to be- invested S100O0U and in 1886 Of
me Chckasaw reservations for their account
S!oo'9eo; making the sales. altogether, double as much
IN proportion in 1896 in 1875; nearly six times
much as in 1885, nearly seven times as much as in -
a'n sooul eleven times as much as III 1892.
u IS al important inquiry for every individual in the
community 10 make and TO be satisfied NJ ,rbo,bar rb;s
state Of things can last
We are we'll aware, that al! those who are interested in
sPecnatons, and whose interest it is to have them con.
tnue, will answer in the affirmative We reply in the
negative: They CANNOT LIST. a rcyusion is near at
hand II II has not already commenced.
We have already shown the expansions IN this country
IN 1911 and Is as well in England; and also what
followed in 1910, 90. 81 and ~ Now we will show
that sTcuatIons in the public lands ragged to sn:Ia-
extent then as Of late, ond now.
The sases in lSf6 were $3.50 213
]Sl7 - 1922 400
lclS " T,20J 9J7
1919 " 11,6Si.194
And in the two first quarters of 1920 e. 663 964
should be Observed that the price then So per
acre, and now 81 p. Then the Government gave a
cred TO- the purchasers; now the purchasers obtain the
credit in banks.
After the lst July 1890 the price was reduced or cash
payments required. What the consequence: Why,
the sales in the las; half year of 1920 amounted
to only S42a.962
In lG2l, l,IG9.224
In l@22, 023 ,2G7
In 1923 S5Ol6
In le24, 953,1g3
And it not until 1880, that the sales amounted to
more than 1900 900 of dollars in one year.
Independent Of the action which think has allea-
ny began IN the money market which will check spccula
ton IN the public lands and reduce prices generally
think and hope the net Congress will reduce the price
OF the public Domain and n The sales 10 actual settlers.
Let spectators rail and protest
There IS apn'lar thing which will shortly operate upon
tie monetary system OF this country, and that is. The
cessvc appropriations i;on abroad, which pour
my into this country from almost every quarter, in over.
hJwing cargoes
IN 1885, our imports amounted 10 sl4S.S;57I2
And our exports l2 ,G93577
Excess Of imports exports So, 3O2 lGJ
This excess probably paid in part BY earnings Of
ships IN feghts paid abroad partly by sales OF stocks
abroad and part probably unpaid ct the ciase Of
the year.
This year, fror1 present appearances imports Will
be fully or more than $20O,OUO0O0.
Bow il the OF mporations TO he paid this year?
win cotton produce much this year il did the
last? II is TO be feared tina! will By the last
counts the price the decline. Can dispose OF
stocks abroad TO make up his deficiency That is
" impossible 1t well understood that the forcsd loan
made By Biddes bank and the high Of interest paid
has had the effect lessen confidence in all American
securities abroad. The amount of specie which has been
imported into this country from England many people
tnk will have the effect diminish the foundation OF
sr paper circulation in England, and consequently 10
diminish it to such extent long, seriously TO at
feet The prices OF every commodity.
We shall probably continue this subject at future
period bat think That have now given facts enough
relating the eitc, Of contracons and expansions, and
the present of the currency TO lead every prudent
institution and individual 10 view it with small degree
Of apprehension.