The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-11-29
,,, Hanover County.

Lesfe, , n,.tne richmond Dispatch.l
icorreSpo,"..naa' corsry, November 70, 1910.
HANn'SI" can learn, the general crops Oh
> Isl - and tobacco in this county are
wheat CO.. the, have been any year since
larger NY Farmers were very sangsine snat
the war. - rrops were ready for Market tue
when ln'" rn n be considerable, ana they
prccfcas '. . rrea, measure relieved oil the
wou'c .. caused by the bad crops OF
em9SFiss,r.nns rs Bot the low prices nave dls-
previous Ron Last year, whenever com!
apToinIeu. nod, ~, about the scarcity Of money,
pam hear on every SIDE the se,laafh tnat TWO
lc, ,sree good crops would oflng money 10
o. .H INTO the country. now, IS curious
ne.;e what ct1ec; this past sear OF piehty
70 w. ~, UPON the calculations OF lhese lar
tn:,s,ra countrymea'
sETa',r,d Of plenty Of money they nave seen
80 wheat Seia for prices barely suihcaent
,0c" FIR the fertilizers used TO produce 10,
10 F' 'i5e;r cora and tobacco hardly paying Tor
81" t ",st Of production. In the last three
u, rnxI estate has fallen Ia value at least
!S~ rrr oentum. Our people are beginning
~: ,b,, there is stagnaton ID the money
Ns ~, that fne crops do BOT begin to affect.
rs, -, ,bere can be money corners as we'll as
l.ry.,o-nsrs is now as apparent TO them as
- own necessities. think Judge
!.5n,,c..s letter, published in recent No. Of
~ sD,Spatca, has opened the eyes Of all Of
lux !,, -, "a what has become OF the money In the
" and we beginto think that the con-
.V''%n is not so much the fault Of the GOV.
-. Ir,, IS il is Of the moneyed men Of the
s,A." The fact l., that the legis-
ives Is.~,~: Of the country have been so time
ing snd dcmmgogical in passing poor
s.t,1r laws aud homestead laws that people
~, iost all conlid1uce in one another and
.5' ,.,q, monered men OF the land, instead
- ding money 10 men Of enterprise and
:.in.rry who would engage in manu'ac-
.,-.>. c3clmerce, and agriculture If they had
'Eo mans, prefer 10 keep the money and use
- ,l,.n-el,tS, They combine in cornering
40 money. and thereby produce ruinouS
"olr.T,c,ion in the prices Of real estate and Of
~ n,hrr property, and then buy it up at
.,.ra+hlc prices. There is but one etectual
nrTS fir this species Of contraction; aud,
NV :, is, il is one that will never be reSorted
- ard that is for Congress to euact statute
,syjpr incomes ia proportion to their
s,~,l,0,s-sly on sll over one thousand dol
~. and under two thousand, one mill per
csn.uu: on all over two thousand dollars
and under th1ee thousand, five mill. per GEN.
,n1, and so on in regular progression until
the excess Of the enormous incomes used
in creating these vile corners in the money
market Shall. be contiscated or forfeited TO
oy5',c use. This will be equivalent to say.
iry tasl nan shall not be worth more than
= c.rtsin amount. But better this than that
arrariaui,m which will eventually call for
distribution Of property. These men Of
S,rh immepse wealth should recollect, and
enjoy the comfort OF such recollection, that
Their money is only a blessing so far as IL can
relieve The suherings Of their felloW-men,
and when il is used in the Interest OF adrer-
sj.v It becomes doubly curse. 1t curses
the man whose fortunes are ruined by this
artificial contraction produced by the corner
inc OF money, aAd it curses the selfish
owner with bitter memories of lost oppor-
tunities for good. / know Of men in this
county new whose property few years
$50 at the then prices, would have brought
In an average market from fifteen
10 twenty thousand dollars, but now it will
rot bring enough 10 satisfy an Indebtedness
OF one fourth of that amount. There IS no
remedy for such cases. No loans can be eff
fec,ed 10 relieve such embarrassment. Per
sons having money prefer 10 keep it for pur.
poses Of speculation; and moneyed men at
distance corner the money market and fad
splendid investments in forced sales of real
estate. The general prayer is that Congress
NAV do something 10 check the adversely
which will soon be national. HANOVER.