The Daily Dispatch: June 22, 1861., [Electronic resource]

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Reduction of rents.

--We learn that a number of landlords in this city have, in compliance with a suggestion made in this paper, materially reduced their rents to tenants is within the last few months. A great number, however, have not done so, and it might turn out, on inquiry, that the very parties who have done so were the ones who could least afford it. In Northern cities the landlords have with near entire unanimity, signified their determination to reduce the rents charged to their tenants — those who hold upon long leases, having several years to run, as well as mere temporary tenants — at the rate of twenty-five per cent. for the current month, and fifty per cent. for the next, in case the war pressure shall continue.

We do not hold the Yankees up as fit patterns to be followed by our people but on doing like they are reported to have done, our landlords will only be doing right. We are sure that a just regard for the future will teach them that it is advisable, so far as in their power, to relieve and conserve the present by lessening the burthens of that position of our merchants whose fortunes are effected by the present war. Let them act upon the Plea of Solomon, that there is that which scatterth and yet increaseth, and there is that which withholdeth what is needful, and yet groweth poor. Let none be too exacting of will not pay.