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The Daily Dispatch: December 28, 1865., [Electronic resource], Parties. (search)
te insupportable. This is the condition of this city at the present time. The high water prevails, and people are sorely troubled to escape it. Rents are beyond all precedent; even under the Confederacy they did not reach the present climax until 1864, we believe. Landlords could not keep pace with the depreciating Confederate money, and it was only in the latter part of the struggle that they elevated themselves to the extreme indicated by the rapidly falling financial thermometer of Mr. Memminger. But having gotten at last to this elevation, they seem to be entirely unable to come down; they are like the sailor at the top of the mast — they cannot safely look down, but keep their eyes towards the horizon across the waste of waters. Rents are from three to five times the reasonable rates which could be sustained by the business of this city. Immediately after the surrender of the city, speculators and adventurers flocked thither under the impression that there was a field fo