Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1862-01-25
FIonnclnIlr An Risht.


Speaking pecuniarily, and taking The
word of the Richmond Examiner for the
truth of the statement, the Southern men
are very flush and, if the war only lasts
lorg enough, each one Of them will come
out Of it q perfect Crnsus The Examiner
says in its issue of the l7th instant.
The banks have more money on their
hands than they know what to do with
some ftheir branches in the interior have
bad no application for loans for three months
Capitalists and men of business are alike
piethoric in funds, They are beseecbing
friends to borrow against whom they were
always wont to turn the cold shoulder. The
usureTs occupation is gone. That is 8 class
of Southern people whom the Yankees have
succeeded in starving out. Every where in
the South there prevails the opposite of hard
times. Never was money so abundant or
were the people in more comfortable cir
cumstances. The war, despite Of the high
prices it has put upon many of the luxuries
OF life, has produced season of uninter-
rupted pecunisry ease and prosperity. The
ay laws of the States have really hurt no.
BODY but the sheriffs and lawyers. Those
tOho owned and oWsd debts. haze not had to
pou, and, therefore, have not been injured By
.1aiting TO receiUe their dues. Those who owed
nothing and held claims on others have had
money thereby out on loan, which they
could not, in all probability, have otherwise
| found borrowers for. Thus one of the great
est pecuDiaIy evils Of the war has had, as
nearly all evils do, its compensation.
| This reduDdance of money is likely to last
some time. Wecf the South are an eztraUG.
! CANT people, and, in periods of open trade,
| hdbituGtiy spend, individually and as a tvhole,
more than ace maize. If our revenues are
| prlucely. oar expenditures are impcTipL II
| ire are pincbed utlh poUerty Ws boTrg1o 10 Tic
| almost stretch Of otJ cTedtt, and are as proud
as mttliOaGireS The o0Gr and is blockade put
on end to this system ot deaLiGg 1Uith the out
side aCOrtd. " e are not running in de0t
abroad aud Shipping every valuable we DOS.
srss to pay off the score. The process Of eT-
| baUstlOD which has teen going on since the
nineteenth century began has ceased aud if
We are not growing rich, we are at least not
running ruinously in debt, Many iufuen.
ces combine to produce the present pe.h
| Of money, but not the least among these i
the sudden end that has been put 10 ths
chronic Eouthern habit of over-trading
Ii communications with the outside world
were open tomorrow, how suddenly wout
the funds Of the banks be gathered up, and
how heavy would be the purchases of oul
merchants in all the old markets. How
coon would money be again scarce; would
capitalists have it all their own way with thC
public; would the usurer reappear with
quick and crafty step along the curbstones.
The effect of this abundance of money il
most visible in the rise of the real estate
Our advertising columns are filed with of
ferings of this safest of all investments
They are voluntary offerings, and not com
pulsory; sure indication of the advance o
prices and the facility of selling. The price
now obtained never dissppont the vender
His maximum calculation is always reached
and generally exceeded But the tide ha
only just begun to move; it will be SOM
time before it will reach its hight. Real es
tate will probably continue to advance unit
a new condition of finance is brought on b
the recurrence of peace. If the advance goe
too far, and passes into the confines of vi
sionary speculation, there must of course
be collapse, AID corresponding fall beloI
legitimate rates. If these bubble prices ar
reached before the end of the war, of cours
the peace will prick and explode them; bu
as yet, the advance on real estate is the legit
innate effect of ease in the money marke
and of superior safety in this form of invest
TneOt