The Magnolia gazette. [volume] (Magnolia, Miss.) 1872-current, 1890-11-22

aud children walked in safety, and tie
unprotected homes rested in peace.
thousand torches would have disbRnd
ell over Southern army, but not one was
lighted. When tho muster, going "
| WAT in which slavery was involved said /,
| 10 his slave, Il leave my home and loved
! ones in y0ur charge. the tenderness be
/ ,wesn iian and master stood disclosed.
Mr.. Grady loved the South with full
and i'm iring lfec ton. Her past glorics
we're G, er in his memory ANA her future |
hopes ever III his minl iIe delighted il
recalling her ali supremacy in the state, !
camp and acll. He says
For thc frs sixty years of tic Re
public 1t furnished the President for fifty
tive Years. I;s statesmen demanded tine
War oi 1872. opened it with but live
Northern Sen ltors supporting Z aud lis
General, Jat Ssnn. won ihc decisive bat
tle of New Orleans. 1t was a SOuthern
statesman WHO added The Louisiana ter
ritnry Of more chan one million square
miles 10 our lonain. Under southern
statesman l'lorda was acquired nom
Sp4in. Against the opposition OF the
Free states the Southern iniluenee forced
the warwita Mexico, and annexed the
superb empire Of IeNaS blohshl - New
? Mexico ana lpencd the gateJ OF the ke-
nii,Iic to the Pacific. Scott and Taylor,
the heroes nf the MeAican wAr We're
southern men. In material as ~ polit-
eal affairs the oil South was mas.ertul.
The first Important railroad operated p
AmerieA IT .Ycrsed Carolina me hfsi
steamer that crossed the ocean cleared
from Savannah, The lifst college estab-
lished for girls Was opened ~ Georgia.
No naturalist has surpassed Audubon; no
reographer equallcd Maury; and sims
and MeDou nd led tho world OF surgery
in their RESPECTIVE lines. IL was CraW-
ford Long, Of Georgia, who gave 70 the
world the priceless blessing Of ofan@sthesla'
Here is story that illustrates better
than a score Of pages ofthe poitieo-econo-
mists the desperate straits in which the
pcople of the South fonnd themselves at
tile close Of the war. As Mr. Grady tells 4.
- When my business partner came home
from the WaI in which he Ia CALAMITY
l, commanded a battery, lie had neither
a breeehes home nor money. His wife cut
10 nm II WOODEN dress she had WOrn for years
ana made him a PAIR of brceches Gath
!" ering odds and ends from the rnins OF
J. Atlanta. he built a shanty, of which love
i made Il home. His father gave HIM 9t
Ii cold piece, of which ingenuity made
I, capital. In three years lie had bullt Z
y 81 800 ho,ne--m eight years Sb,Out
W home and is worth well over quarter OF
- million dollars. His life is an epitoms
!, of the South in lS65--its swift energy :
= lis cheerful heroism-its shrewd knacl
id Of turning something from nothins-iti
stages Of growth.-and its present pros
ne perity.
he The enormous depreciation in value Q
Of tile Confederate currency near the clos
,e Of the war is happily touched off in thes
MS two stories'
ne In 1854 Il cavalryman was saluted BY
n citizen with: 81 will give yon S20UU
Il for that horse" Tue dsyil you VIII!
." inst Maid q Niger $1,000 for cnrryini
u hint Ahout that time paid Sl,2O9 70
he two wool hats such as now retall lor l
nc cents. the dealer having shocked OF soV
- in confederation of my taking lhe tWu
Enormous quantities OF depfeclaiea cui
OF reney were atloat, unsettling values am
IL nroyokin inc reckless and desperate trading
los 30 vast was the issue that Gen, Toomp
eborped that tthe Treasury Department
!" ran the money presses all day and let u
he ninpers run 'em all night to work thel
,ly wsgcs oti1 The story is told {
80 a specuIator who bought several hog'
~ heads of sagar at 10 cents pound an
eP sold ut 20 cents. shortly after he inyeste
ere his fortune in sugar ut % cents ana sol
in he mace more money, but it would hn
less sugar. He kept at it, adding to ~
-" increasing profit and decreasing guam III y.
ers untiI he fonnd himself. in 1865, with -
Mr.. O0O. 600 clear profit on sugar, which woul
mo not buy enough to sweeten his parche'
pea coffee.
The era of speculation that followe
4. the war was in many eases even mol
-, disastrous to the South than the ruin le
= by the war itself. The cry went up on a
=. sides thst the only saliva ton Of the eoui
try was in cotton. 1t was cotton, cotte
r. !, everywhere. 1t was thought that h'
~, ~, labor would keep up the high prices
~ cntton and that enormous profits wou
accrue.
nil This delusion was fatal. It started Il
hat gouth wrong 1t gave the local mercha1
ON credit nj the North. and he i'll turn ga
,er- credit 10 the grower The planter won
OF pledge his land to cotton and put IL
ons on his erup. On this the merchant won
Ills advance him cash and supplies. III
tb- money. coming before it was earned, "
,ty. easily spent, and ii is said that Allan
AXE sold more pianos ut 5000 apiece I'M
by were sold ten years later at 500. u
the der this stimulus OF high prices for &C
ace ton the Southern people loaded up WI
war land at fancy figures and then went und
ago lien TO the merchant for cash ana sn
ler- 1lies. The official report OF I
i oi Commissioner Of Aguculture OF 6ecrs
mes shows th.lt an average of 81 per cei
lcst usnry was charged all supplies sold
best the farmer on credit, ana that he bong
will his meat. bread, hay, stock, and often
be- butter and eggs, deyoting his Land entll
II Oh ly 10 cotton. Wheu hc saw the Nlsd'
IS ia Of raising his own corn. bacon, gras
med and stock. he was notified that rednei
title his cotton acreage WAS reducing ms u
able OF credit. He was thus helpless. Cdi.
turn ing this burden OF usury, and bny'
who everything he needed, and having sto
ask oil his farm on credit, he made slow pr
no ress.
Mr.. Gridy takes occasion toeonpat
deli popular idea that the New South Is
Us OF product Of Northern hands and brains
says;
elity The census shows that of the a,
from peopIe in Fulton Comfy, Ga, ,3s, bls "
t the horn in Georgia. OF the rest. 2,lO2
army horn in south Carolina. Il2 ~ Nc
ii Carolina. ], ,i5l in Alabama. 200 IN
the einia. 7g5 in Tennessee and 40 IN o'
ex- Southern states. This gives MS Al
Il to southern born. To this add 1891 fore
dol ers aud We, have 1854. Dessuct this l
-nild the total. a. .5ss. and we have IA as
..A . aa.NN &