No place experienced the general prostration more sensibly than Peru.
The writer of this with a family to support, did not possess in the year
1841 in the aggregate, a sum of money equal to five dollars. Letters lay
in the Post Office from the inability of those to whom they were
addressed to pay the postage. Nor was this embarrassment confined to
individuals.--Gov. Ford once told the writer, that he had been compelled
to allow letters, directed to him upon official business, to remain in
the Federal Post Office, his own means or credit, or that of the
Sovereign State of Illinois being insufficient to raise the embargo.
Property of no kind had any apparent value whatever. The town gradually
lost its inhabitants, until in 1842, probably not over two hundred
souls remained. These were mainly the less fortunate portion who could
not get away. One Store, a Drug Shop, the Post Office, and two Taverns
were the only places that remained open to the public. Society existed
upon a truly republican basis. No envy was excited in the breasts of the
humble and poor by the brilliant equipages and establishments of the
rich. The creditor who would have seriously asked payment of his debtor
would have been saluted with one universal shout of derision.--As well
might he have asked the sea to give up its dead. His money was gone to
that bourne whence "nary red" would ever return. It was seriously
proposed to enact a law making every man's note a tender for
debts--always excepting the notes of the creditor himself. This
condition of things produced a state of society never witnessed by the
writer, before or since. The prevailing influence was so universal and
complete as to reduce all to a common level. A sympathy and community of
feeling pervaded all Illinois humanity. Thanks to a prolific soil and
sparse population, nobody was in danger of starvation.
Public-domain text, read in full here on John Shaqi.
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