The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-08-22
Instructive Figures.

S. d. Hayes, Of Detroit, before the Sara
on hard times. Speaking of the cutlery
against monopolists and bank stock holders
he said of ,4S2, TAG shares in bank stock in
the State OF New York, u, 7S4 persons own
less than two shares each, 6,S63 own 20
shares or less, and the whole number of
shareholders is 80, ISL, an average of about
43 shares to each. Ii the whole United
States only 767 out of 20S, $50 shareholders
own over 500 each. Regarding bank loans
and interest, he said the banks had two
hundred and fifty per cent. more loaned at
an average less than six per cent. in 1870
than was loaned in 1860. and millions now
waiting for investment Tell us how to in
vest one dollar to fifty millions, that will
pay expenses and bring back the FIVE Fer
cent, and the money stands waiting and
ready to step into business. There are over
50. 800, 000,0 600 of railroad bonds and stock
which pay the owners nothing. There is $780,
100000 of dollars in iron furnaces and man
ufacturing establishments idle, six hundred
million in shipping hopelessly tied up. The
purchasing power OF money is about three
times as much as in time of imitation. More
irredeemable money would not help us out.
Let us, as a nation, be honest to ourselves
and creditors, and hard times will gradually
disappear. He said banks pay in taxes 3d.
1872, 179 more than the government paid them
f0r ho IN IN ho 6c ha11 hxyf
The accounts that come to us of the terri
BILE plague which is now sweeping over the
South are sickening. The little town of
Grenada with its twelve hundred inhabitants
is almost entirely deserted, there not being
enough left to take care of the sick. Only
about one-sixth of its population remain and
not more than 30 or forty of these are we'll.
The weak and dying are left almost uncared
for and the deadly visitation is daily carrying
from eight to ten beyond the reach of suf-
fering. There can scarcely be much fur
ther spread Of the fearful disease, for the
material is exhausted. Already be-
tween seventy-tive and one hundred have
died and it is only when there is left none
others to attack that it may be hoped to be
stayed. In New Orleans the fever is also
raging with terrible effect, and the city
is being deserted by all who can possibly get
away. Memphis is also plague stricken and
her people are fleeing as fast as the trains
can carry them beyond the reach OF the
pesti.ence.
The cause of the sudden and destructive
table to the unclean condition in which the
streets and alleys of the place were allow
ed to remain. All kinds of pestlence- breed
ing matter was permitted to accumulate
and when the disease reached the place it
spread like wild-fre. In the other cities,
the greatest precautions have been TAKEN
Fl clip is pouring into the stricken commune
ties from all quarters.
We of. Virginia scarcely know uf the
blessings we enjoy until we compare our
OF with that of other sections. In the
South the deadly fever sweeps over the land
almost annually; in the west the fierce,
pitIless tornado carries death and destruc-
ton to entire communities, whilst the north
and east are constantly agitated by labor
strikes, and the thousand and one social and
other isms that are forever coming to the
surface. But here nature has bestowed
her richest blessings, and health and plenty
abound Oh every side, whilst our people
pursue their avocations without fear OF m an
or the elements. We can always rely up
on good crops; we eau always rely upon
freedom from any epidemic we have new
er known what real destructive storms
were, and the uprising and violence of class
es are never experienced. Certainly if man
is seeking home, where he may hope to
enjoy the result of his industry and enter
prise, no section offers advantages so nu-
merous and desirable as this.
The witness Leete, before the Potter