Press enter after choosing selection

The Ruin Of South Carolina

The Ruin Of South Carolina image
Parent Issue
Day
10
Month
November
Year
1865
Copyright
Public Domain
OCR Text

We take the f'ollowing frutn the Louisville Democrat : Let those who demand from the öouth further h'umiliation a:id the absolute and complete reuunciation to all that ooHstitute. mau'tj dignity, look at the following from the Charleston Neivs, couoorniog the fearful budget of lnsses incurrpd ii, one siugle State - idd to this the desohition and mourning of tens of thousands of families, the still open graves and bleediug wounds - and say what demons they raust be whoso rage ia not yet satisfijd, and whose thicst is not yet quenchad : " Of $15,000,000 in bank stock, all is lost. Of 15,000,000 bilis ín circula tiou, the market value is not more than twenty per cent. Of three insurance oompames, neither can continua busines3 Of $20,000,000 in ruilroads, no divi dends can be expected Of five thous;ind houses in CliarlestoD, fifteen hundied have been burned, aud others aimost irreparably damagod. Of estates of deseeadante and minors, and of property in htigation, four-fifths aro represented by Confedérate seeuiitien, and are thereby valuless. " Of our many merchants, lately of liirge Btii) unbleinished credit, few have assets equal t the stuall debts against them ut ihe beginning of the war. Of the niaiiy large and valuable eslates íq Beaufort district ind the adjacent islands, all have beer, abandoned, and maay have been sold for taxos. Of ihe large eotton estatca till further fioua the seaboard, many have been dosolated. Of the otton on hand at the begirming and raised ducipg th" w;ir (aiuouutiug in value to at least 200,000,000,) the laiger portion bas been taken or destroyed. Of the stock,, uorses, hogs, eattle, farming implements, utensils, and iurniture and silverware, all but an inconsiderablo amouut have been consumed, dostroyed or taken. " Of the money in the hands of our ci'izns at the commencement of the war, or aocruing from the salo of property , or the praetice of professions, or the pa'ymeufol debts, all bas been iuvested in securities ot which nino-tentha have uo possiblo value. Of the debts uncollected, few are expeeted to be paid Of the funds of churches, colleges, charitiible institutions and societies, all, also, or nearly all, have been sunk. Of the lands of the State not held by the Government, little has any market value - Into this frightful gulf of ruin has also been swept the value of 400,000 elaves oHtiiiiafed a few yoars since at $200, 000,000. And thuis, therefore, of the $400,000,000 wortb of priperty in this State in 1800, little more than $50,000, 000 uovv remaiuB."

Article

Subjects
Old News
Michigan Argus