New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-09
THE NOMINAL DECREASE OF WEALTH,

The deprecia0o2, it is rSopereo observe
is mainly apparent in real estate; Chat es
the lands are not vailed at so hig price
per acre as formerly. This is to be at
tributed in great measure TO shs chang gee
conditioo of labor The greae planters
are no longer able to monopoiize all sht
slave labor, and hence 9 demand has
arisen for small farmso which can be hac
in all parts of @his State cheap and IL
abundance. ghe 6oss complained OF ds,
therefore, purely speculative and nomlna!
rather than real Sothing has happened
to make our lands beSs productive; the
prices of the products are higher Shan
they were before the war, and an acre OF
ground well titled now will pay better re-
turns than ever. With regard to cotton,
the average production for the past four
! years has been greater than that for any
consecutive four years before the war, and
the average price one-haif more. The
owner of an acre, then, who wishes to
work it, has nothing to complain OF, has
| suffered no loss. But if he holds to sell
on speculation he is met with the compe-
tition afforded by the lands on the maeket
owned by the State and the operations OF
the homestead law. 1t is no burden,
therefore, to the purchaser of farm for
| filling that he can have it for s. Per acre
when be would have been required to pay
| $40 for it before the war. So long as its
productive capacity remains unimpaired,
the cheaper he can get it the 3ettero and
the bywey the gate az WHICH ss Is assessed
fos Eases Che nSoss iikey6s Is fo Is suited
T&s net revenue Of pyoeestyjs % Setses
test of its Salue shen the price which fbe
owner holds it aSo Apd as THIS State OF
the whole South Is capable OF producing
as much now as eveP 6eSoseo il Sol.sgs
that there has Been no Zeal dsepreciasos
in the value of lands
AS for the improvements especially on
sugar plantations there has of course
been destruction and waste to some extent
But careful estimate will show that most
of the mach merry would sequire to Be dee
placed by this time 9g consequence Of
necessary wear en3 teals Thae 6gr
planters have 50 managed thess affairs Us
to fail to receive the confidence Of capital
is fact, IF fact it beO wi3c1 the Republic
can administ rationso State aad NATIONAL
are not respon sible 5osss The sssh lands
remainS the demand fog our fhfee staples
cottono SagaS and riceo sesnafhs as good as
qveGo ana the Productive capacity Of tie
STATE Is 20 all intents ana PURPOSES prse.
tica5Iso eealimitedo The des,recsa::cs H.
p1ecs affects snemTS those who f<.i VS.:
tracts ssSelIo Gut sattes 6asoe :ts :a::1ai
planteso
Eseaa adS % his sossoss Gessss s..i;::.
tSonaf sa15S 3. GOV sssss
d!s Cages s:e ssi;sss: !s s:ss::: 81
tie reporteS depleciatsolso
Ee is abe to raise 80 n1cI PES s::: =.
evels and hie 4ac7iisiss sos 3 eAa:.:.. ars
bettes than before as.S shs Ss:ss s..0.s
than GyeS semuueratiSso
ct is fallacGousO therefore, 20 se.r rs.neHe
Of tho noalIsaS sagus o: lands
between now and theessima:eso: 1sSasa
symptom of actual loss syhes s.:: eppc. /
nents can show Fiat Radical Seg4sHat:on !
has rendered the soie Seser..f'e Is s'sSe3 Sn
the, rains and deS8 60 TIA: tie same
amount of labor now viii fail % produce !;
as much cotton ass wolii tlirsees years
ago or thae the great fines Of sraslssocssss
lion haze been suspended 6y Yas' snG the {
market foo produce destroyed there will :
be reasoS to complairo THIS State Is soe
lay richer than it was BEIGE the war by 7
.hree hundred ane sixty thousand citisenso
reedom from olany millions ss!
lebt which our planters owed 20
Northern capitalists, and an annual
'olume Of production Of values greatly
exceeding any year prior 20 1860, and
hese results have been achieved in spite
If the predictions of disaster to arise from
Reorganization of labo, and the reported
lnwillinguess of the Old planters to hire
nd pay for the e1boS which they once
commanded.
Had our merchants a9S politicians
hown as much wisdom and patriotism in
heir vocations as Gle planters have in
heirs, New Orleao5 would to-day be the
torehouse of Ole South, the aottoD mar
20 of Ole world, and ce,See fos capital
carcely inferior to %ew Sork. Sut they
ave Bought against evero step oeprogress;
ave Saken it out in grumbling while st.
.ouis, Cincinnati, Norfolk, Savannah, and
ven Charleston, have been expanding
heir business in eoary Sirecoon. And
ur Democratic politicians have Been 50
existent and loud in theiraoa39laints for
he:9 icoo % salaroo that tee eyeas'capiSas0 !
ste g tSde oSuootiY 6aee csssisao ga sue
.st Sss st..os sg ssso sos. s.2 soose %::i.
SO ~ sSs.ssdc,s $500 am S.o.oe:s;oss - :,
.scs ssosssy' S.ss IL s.s S.s..seeee os %
ns se.ssae j. ~ so,.:; s:ses.s ess :r-s,. I 4
al grupssess sos s's sa...:.s, s.:s s..aes
nd city woas sAs: 60 :. . e:sss tsss ssss I
ley cos?d Seses soscssss Is
90 600 5000 % oo-ooe0
YELLOW Flyer e.
there was a time when AZ aro g SeaSe3 q
yellow feves' would have startled our .
,ople, and cossea . stanpe5a Similar to $
n. s:w Witnessed is a.any OF the towns J
nd villages OF this and sdjois;rs States. 8
ut ttss time Ina pissed. yellow fever 5
40 loss it's p.estise in New Orleans, waere t