Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1840-09-03
" TIMES F" TWENTY YEARS AGO,
WHEN A NATIONAL BANK WAS
IN OPERATION.

1 ne late INdliOldl Dduk was CHdTtSTSu
in 1916. Let the reader peruse the fol-
lowing extracts, and see what shines"
the people had under the reign of that
British institution:
"From all parts Of the country, we
hear of severe pressure on men in bus
mess, general stagnation of trade, a
large reduction in the price Of staple ar
ticles. Real property israpidly deprecia-
ting in its nominal value, and its rent or
profits are exceedingly diminishing. Ma
ny highly respectable traders have become
bankrupis, and it is agreed that many
Others must 'go,' the banks are refusing
the customary accommodations; conf.
dence among merchants is shaken, and
thee per cent, per month is offered for
the discount Of promisary notes which
a little while ago were considered as
'old gold,' and whose markets have not
since suffered any losses to render their
notes less valuable than heretofOre."-
Niles Register. April 10, 1919.
It is estimated that there are 10000
persons daily seeking work in Phila-
delphia; in New York, 10000 are said
to be wandering about the streets, look
ing for it, and if we add to them the wo-
men who desire something TO do, the
amount cannot be less than 10000; in
Baltimore, there may be about 10000
persons in unsteady employment, or ac-
tually suffering because they cannot get
into business. We know several decent
men, lately good livers,' who now sub
Sist on such vic'uals as two years ago,
they would not have given to their SER
wants in the kitchen."-Niles' Register,
Aug. 7. 1919.
"Never," says the Frankfort (Kv,) Ar.
gus, "within the recollection of our old
est citizens, has the aspect of the times,
as it respects property and money,
been so alarming. Already has property
been sacrificed IN considerable quantities,
in this and the neishboring counties, for
less than half its value. We have but
little money in circulation, and that little
is daily diminishing by the universal calls
Of tho banks. Neither lands, negroes, nor
any other article, can be sold for half their
value in cash, while executions to the
amount of many hundreds of thousands
Of dollars are hanging over the heads of
our citizens. What can be done? In
= few months, no debt can be paid, no
money will be in circulation 10 answer
the ordinary purposes Of human life.
Warrants, suits, executions will be more
abundant than bank notes; and the coun-
try will present a scene of suffering, for
the poor remnants of ofindividuals fortunes,
which the world has not winessed.n-
Niles Register, June 7, 1919.
1t has become serious affair to the
laboring man to purchase himself new
garmenl-his wages, on an average, do
not purchase him half as much as they
did; and he is continually uncertain as
to obtaining even that. Many of the me-
chanical professions have equally decln-
ed; though our population is one half
greater than II was ten years ago, il is
certainly fact lha, the printing of books
is not now half so extensive as il was
then. The desire TO read is not lesson.
ed--the most common school books
are drug. Hattors, shoemakers, and
tailors. and oven blacksmiIhs, whose
work seemed 10 be indispensable, have
lost in general much of their former bus.
ness--from a fourth to one half. This
is the result Of necessity; and those who
might purchase, abstain, in looking to
fearful futurc."-Nlles' Register, April
Is, 1891.
"a gentleman in Western Virginia di.
recIs the Register TO he stopped, because
he used 10 pay for il annually with one
barrel Offlour, but that three will not do
il now@ Another a miller in Ohio, on
paying his advance to my agent, observed
that he had sold four i,arreIs of -four to
obtain tho mite Of S5 which was remit.
ted."-Niles' Register, Sept. Is, 1921.
"Corn in Cincinnati, 10 cents bush
Ell; wheat in Harrison county. Ohio, has
fallen TO 70 cents bushel, and in some
instances TO l2l cents. A lettor from
Gieenfeld, Ohio, dated May 3, states
tina, wheat was sold at l2a cents bush.
el, and that whiskeY was dull at Is cents
a gallon. ."-Uniled States Gazette, phil
adelphia.) May %, and June 80, 1921.
" A late Pittsburgh Mercury, SAYS:
Flour barrel ST.; whiskey Is cents
gallon; good merchantable pine boards,
20 cts, hundred feet; sheep and calves
! dollar head. Foreign goods at the
old prices. One bushel and half Of
wheat will buy pound of coffee; and
barrel OF -four will buy pound of Tea;
Twelve and half barrels will buy one
yard Of superfne brOadcloth!' !'-Niles'
Register, MAY 10. 1921.
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