And a correspondent of the New York Tribune, writing from Hinesville, Liberty county, Georgia, last month, says:

"A sale has taken place at this county seat that so well marks the extreme depression in the money market that I send you the particulars: Colonel Quarterman, of this county, deceased, and his executor, Judge Featier , was compelled to close the estate. The property was advertised, as required by law, and on lst court day it was sold. A handsome residence at Walthourville, with ten acres attached, out-houses, and all the necessary appendages of a first class planter's residence, was sold for $60. The purchaser was the agent of the Freedmen's Bureau. His plantation, four hundred and fifty acres of prime land, brought $150; sold to a Mr. Fraser. Sixty-six acres of other land near Walthourville brought three dollars; purchaser, Mr. W.B. Bacon. These were all bona fide sales. It was court day, and a large concourse of people were present. The most of them were large property owners, but really had not five dollars in their pockets, and in consequence would not bid, as the sales were for cash.

Source:
Kelley, William D., Speeches, Addresses and Letters on Industrial and Financial Questions, Henry Carey Baird, Philadelphia, 1872, page 284

Submitted by Bob Franks