The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1855-07-24

CHATTANOOGA, TEHx., July 18th 1855

Dear Comet An age Of silence
on the part of your correspondent, will
trust, not lead you to the unreason.
able conclusion, that our city is void
of interest. or unworthy of passing
notice. Although am not able to
chronicle murders and suicides with.
out number. | yet hope to 'spead be-
fore your readers such intelligence as
will prove interesting-coming as it
does. from one of the first railroad
cities in the South. There has been
little done in our city, in the way Of
improvements, for the last few months
and there never has been witnessed in
Chattanoogasuch a monetary crisis as
has been experienced during the last
twelve months l have every possible
hope, that our fears are now realized.
and that bright and prosperous
future is before US. Provisions Of
all kinds have risen in price to
such an extent. as to almost debar
O,e poorer class of its enjoyment. and
in many cases starvation in ; II its hi
deous forms has presented itself BE-
fore its unfortunate victim. While
on this subject, | am sorry to chronicle
a single instance of human dcpravity
and love of the almighty dollar,
which has come under my observation
and W ich, | have no doubt, would
not meet with a single appreciation,
among the most unciviIizrd nations on
Gods globe. During the worst part
Of the present year, when grain be-
came scarce, and offered sure and
tremendous gain to man of capital,
a merchant of our city, Ito our shame
be it sadly turned his attention TO the
speculation in corn. Being a man of
considerable capital, he soon had
agents in every direction, buying. in
some sections every bushel, leaving
whole settlements without bread. en-
gaging all the tall corn for specified
time a, the mills, thus monopolizing
an article, on which depended in
many instances the lives of man and
beast. After having accomplished
his purpose. having stored away to the
nrmDer of many thousand bushels.
and fixing price on the same, which
few We're enabled to give. vengence
came down from heaven. and blasted
his golden prospects. What a lesson
to man, who makes money his whole
object and study. SAY what lesson
to him who adores and worsbips the
- almighty dollar " Beng unable
to sell much at the exhorbitant price
and there being every prospect for an
early and rich whea: harvest, bread
'tuffs began to decline rapidly, leaving
nearly the whole amount of his stock
ln>old. Thinking he could not sell
At bone, without a runious loss. he
commenced shipping to several large
titles, losing in every case. He star
ed himself with 5000 bushels, to Sa-
7annah, Ga. and returned home sick
vaitirg Gods awful judgement.
As regards the crops in this section
If the country. think there has new
r been a better prospect. Having
rave He'd over several counties, | am
'nable to speak from observation. The
wheat crop has been harvested, and i
proved excellent-has not been as
rood for several years The price
pen-d at ST. 25 per bushel- is now ,
eld at 81. 90 and it is my opinion
hat 75cts will be the standing price. !
flour is now selling az 81 90 per
for good article, and will
all below 49, so. Irish potatoes are =
lenty at 81. 25 per bushel with a !
nance of decrease in price, there is {
air PROJECT for large crop. Corn
5 now held at so cts. per bushel, be-
NJ decline of Scots. on former
rices The stock on hand is lin
ed and price unsettled. | heard of
n engagement of about 1000 busheI i
new crop, at Poets. per bushel i
on the bank of the river.
In bacon there is little doing at :
resent, thi being theIpriuciple bacon Q
'arket in East Tennessee, and point $
ON which Georgia. South Carolina e
nd North Carolina receive their sup a
lies. 1t is now held at from III to u
81 l.