The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-08-09
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From all parts OF the country, we hear oil severe
pressure on men in business, general stagnaton of
trade large reduction of the price of staple ari-
cles Real property is rapidly deprecIating in its
nominal value and its rents of profit exceedingly
diminishing Many respectable traders have become
bankrupts and it is agreed that many others
must ''go" the banks are refusing the Gus
tomary accommodations; confidence among our
merchants is shaken, and three per centum per
month is offered for the discount of promssory
notes which little while ago were considered as
good as cold gold,' and VIII makers have not suf
fercd any losses to render their notes less valuable
than heretofore.-.Nies Register, .Apri 10, 1919.
"Never," says the Frankfort (ky) Argus, "wthn
the recollection of our Oldest citizens has the aspect
of the times, it respects property and money been
so alarming Already has property been sacrificed
in considerable quantities in this and the neighborng
counties for less than half its value we have had
but little money in circulation, and that little is daily
diminishing by the universal calls of the banks
Neither lands, negroes, any other article
can be sold for half their value in cash, while ex-
ecutions of many hundreds of thousands of dollars
are hanging over the heads of most Of citizens
What can be done In few months no debts car
be paid no money will be in circulation to answer
the ordinary purposes of human life. Warrants
suits and executions will be more abundant than bank
notes; and the country will present of suffer
ing, for the poor remnants of individual fortunes
which the world has not witnessed-.Nies Register
June 7, 1919.
81 has become serious affair to the laboring man
to buy himself new garment-hs wages, on an av-
erage, do not purchase him half they did, and he IS
continually uncertain as to obtaining that
Many of the mechanical professions have equally de-
clned, though population is one half greater
than it was then The desire TO read is not lessened
but the means of purchasing denied, the mos
common school books a drug Haters shoe
| makers, and even blacksmths, whose works seem &c
be indispensable, have lost in general much of thei
former business-from fourth to one half This is
| the result of necessity; and those who might pur-
chase, abstain in looking to fearful future '-Nies
Register, April Is, 1921.
late Pttsburg pa Mercury says: "Flour a
barrel 81 whiskey, Is cents a gallon good mer-
charitable pine boards, 20 cents 100 feet sheep and
calves, 81 head Foreign goods at the old prices
One bushel and half of wheat will buy pound OF
coffee twelve and half barrels will buy one ward
| of superine broadcloth-Nies' Register Man IS
1921.
"Corn in Cincinnati 10 cents a bushel wheat in
Harrison county, Ohio, has fallen to % cents bush
ell and in some instances to ~ cents. letter from
Greenfield, Ohio, dated May g. states that wheat was
sold at ID cents bushe and that whiskey was dull
at fifteen cents a gallon ~ S. Gazette, (Philadek-
phia) Nay %, and June %, 1921.
"A gentleman in Western Virginia directs the
Register TO be stopped because he used to pay for il
annually with barrel of flour but that three will
not do il now. Another, miller in Ohio, on paving
his advance to my agent observed that he had sold
four barrels of flour to obtain the note S SIS which
was remtted.n-.Niies' Register, Sept ID, 1921.