Rensselaer Gazette, Volume 2, Number 10, Rensselaer, Jasper County, 7 July 1858 — Hard Times in Kansas. [ARTICLE]

Hard Times in Kansas.

The Kansas Herald of Freedom gives a discouraging view of the times in Kansas. It says: “We pity the man who is compelled to raise money now iniKansas. We were told by a money-lender, the other day, that he was receiving from ten to tweqty per cent, per month for the use of money; and had been paid at the rate of twenty, twenty-five and thirty per cent, per mon'h to discount notes. The lowest rates, on gdod security, for the use of money, seem to range between three and five per cent, per month. Business in all our Kansas towns is nearly suspended. Men with twenty or thirty-five thousand dollars cannot sell property at any price to realize even a few hundred dollars. Real estate can be bought at ruinous rates, [Persons feeling compelled to sell to realize ready money, perhaps, to save their credit. Hardly any branch of business is sustaining itself.” “