FREE BOOKS

Author's List




PREV.   NEXT  
|<   156   157   158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180  
181   182   183   184   185   186   187   188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   204   205   >>   >|  
ook the lead in social standing and cultivation. [Footnote: Clay MSS., _passim;_ letter to Thomas Hart, October 19, 1794; October 13, 1797, etc. In the last letter, by the way, written by one John Umstead, occurs the following sentence: "I have lately heard a piece of news, if true, must be a valuable acquisition to the Western World, viz. a boat of a considerable burden making four miles and a half an hour against the strongest current in the Mississippi river, and worked by horses."] Currency. Prices of Goods. All through the West there was much difficulty in getting money. In Tennessee particularly money was so scarce that the only way to get cash in hand was by selling provisions to the few Federal garrisons. [Footnote: _Do_., Blount to Hart, Knoxville, March 13, 1799.] Credits were long, and payment made largely in kind; and the price at which an article could be sold under such conditions was twice as large as that which it would command for cash down. In the accounts kept by the landowners with the merchants who sold them goods, and the artizans who worked for them, there usually appear credit accounts in which the amounts due on account of produce of various kinds are deducted from the debt, leaving a balance to be settled by cash and by orders. Owing to the fluctuating currency, and to the wide difference in charges when immediate cash payments were received as compared with charges when the payments were made on credit and in kind, it is difficult to know exactly what the prices represent. In Kentucky currency mutton and beef were fourpence a pound, in the summer of 1796, while four beef tongues cost three shillings, and a quarter of lamb three and a sixpence. In 1798, on the same account, beef was down to threepence a pound. [Footnote: _Do._, Account of James Morrison and Melchia Myer, October 12, 17098.] Linen cost two and fourpence, or three shillings a yard; flannel, four to six shillings; calico and chintz about the same; baize, three shillings and ninepence. A dozen knives and forks were eighteen shillings, and ten pocket handkerchiefs two pounds. Worsted shoes were eight shillings a pair, and buttons were a shilling a dozen. A pair of gloves were three and ninepence; a pair of kid slippers, thirteen and sixpence; ribbons were one and sixpence. [Footnote: _Do._, Account of Mrs. Marion Nicholas with Tillford, 1802. On this bill appears also a charge for Hyson tea, for straw bonnets, at eighteen s
PREV.   NEXT  
|<   156   157   158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180  
181   182   183   184   185   186   187   188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   204   205   >>   >|  



Top keywords:

shillings

 

Footnote

 

October

 

sixpence

 
eighteen
 

ninepence

 

fourpence

 
Account
 

worked

 
payments

letter

 
currency
 

credit

 

accounts

 
account
 

charges

 

orders

 

deducted

 

settled

 

leaving


summer

 

balance

 

fluctuating

 
difference
 

difficult

 

received

 
tongues
 

represent

 

Kentucky

 

compared


prices

 

mutton

 

ribbons

 

thirteen

 
Marion
 

Nicholas

 
slippers
 

buttons

 

shilling

 
gloves

Tillford

 

bonnets

 
charge
 

appears

 
Worsted
 

Melchia

 
Morrison
 
threepence
 

flannel

 
pocket