The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1864-06-30
Real Esfate and Confidence.
The St. Louis Republican Of late
date has the following

The st. Louis Republican of a late
date has the following
II is really astonishing to find rea-
estate so low, while almost everything
else is rising Lots in town and land
in the country are not so high now rs
they were FIVE years ago This is
strange; no better investments offer at
any time, the prices being low 1t Is
solid property; It will not take wings
and fy away. Stocks cave in, and cur
rency daily loses its value, but the land
remains Money is plentiful and hun
dreds are inquiring how they shall in
vest il. Can there be much doubt as
between land and things less substan-
tial2 a city like St Louis can never
90 down unless the whole country does
The Press OF yesterday morning copies
this, and comments as follows
We have noticed lately frequent
statements like the foregoing, emana
ting from different quarters Of the 10y
al States There can he no mistake
about the fact Of the phenomenon
How is it 10 be explained, and what
does il indicator
The Republican saws "A city like
ST. Louis can never 60 down unless the
whole country does. That's true, and,
then, is there not room to conclude
that men act as they do, from an in
stinctive dread that the country Will
90 down. Upon this superstition, we
can understand why the less provident
are making an Unprecedented exhibi-
ton Of expensive and riotous '1iving
for the day. while the more careful
choose 10 hoard their means in some
portable form, with which they may
lind an asylum, in some more favored
land, from the dreaded miseries their
own Such would be the natural effect,
on both classes, OF fearful looking for
ward "a a coming time of impoveFish-
ment, insecurity-social dissolution
the deluge of crime.
We are not surprised at the statement
that property does not command as
high price in St Louis, as FIVE years
aimee At that time, every species Of
real estate, would sell for at least
treble its value
Nor are we surprised at the state
ment of our contemporary on
the corner of Church and Cher
ny streets, although not a word Of
it is true That circumstance, rather,
renders il less wonderful, had il con-
tanned fact and not a fiction, we
should been really surprised. We
know that in the loyal States, real prop
erty has kept pace with the portable"
and if the Press hS1 evidence 10 the
contrary, we would like to see it.
Neither is it surprising that some
men should occasionally almost lose con
fdenoe in the stability Of the Govern
Inert, when they perceive the insid-
ious Vaccinations Of the rebel symps-
thizers, who are doing ST in their power
10 aid the rebels, by discouraging en-
hstnients, and depresiating the curren-
cy. The sympathy these men exhibit
for treason, has encouraged the rebels
TO perseyere and it is not to be wond-
cred at, that loyal men should occa-
sionally dread the consequences Of their
conduct.
Sdn less IS itsurprising that there is
a prospect Of a ''delage Of crime" espe-
ciaily in Tennessee. The copperhead
papers openly defend every species Of
treachey, and the Press justi6es perjury
on the part Of Tennesseans, in order to
defeat the restoration Of truly loyal
civil Government But despite every
thing, law, order, the administration,
the Union, and freedom, will finally
triumph.
The Improvement which has taken
placs In the geological manuals and