The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-08-09
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From all parts OF the country, we hear of severe
pressure men in business general stagnaton of
trade large reduction of the price of staple arti-
ces 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 refusing the Gus
tomary accommodations; confidence among
merchants is shaken, and three per centum per
month is offered for the discount of promissory
notes which little while ago were considered as
good cold gold,'' and wh,se makers have not suf
fered any losses to render their notes less valuable
than heretofore.-Niles Register, April TO- 1879
'Never," says the Frankfort (ky.) Argus, 'swithin
the recollection Of Oldest citizens has the aspect
Of the times, respects property and money, been
so alarming Already has property been sacrificed
considerable quantities in this and the neghboring
counties for less than half its value; 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-
ecutons of many hundreds of thousands Of dollars
are hanging the heads of most of citizens.
What can be done In few months debts can
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 wltnessed.-.Niles Register
June T. 1919.
to buy himself a new garment-his wages, on an av-
eraee, do not purchase him half they did, and he IS
continually uncertain 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 are Denied the most
common school books are drug. Hatters, shoe
Makers and even blacksmiths, whose works seem to
be indispensable, have lost in general much of their
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. WILLIS
Register, .4pri Is, 1921
late Ptsburg Pa.) Mercury says: "F1our
barrel 81 whskey, Is cents gallon; good mer-
charitable pine boards, 20 cents 100 feet sheep and
calves 81 a 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 yard
| OF superhne broadcloth.-Nues' Register, Man Is,
1921.
"Corn in Cincinnati 10 cents bushel; wheat in
Harrison county, ONO, has fallen to 25 cents bush
ell and in some instances to l25 cents A letter from
Greenfield Ohio, dated May states that wheat was
sold at I25 cents bushel, and that wbiskev was duh
at fifteen cents gallon.n--U. S. Gazette (pb;ioJsL
phia) May 90, and June %, 1921.
IA gentleman in Western Virginia directs the
Register to be stopped, because he used to paw for Il
annually with barrel Of -four, but that three will
not do it now. Another, miller in Ohio, on paving
his advance to my agent observed that he had sold
four barrels of -four to obtain the note Of IS which
was RENTED. Register Sept. Is, 1921.