. The South : a tour of its battlefields and ruined cities, a journey through the desolated states, and talks with the people: being a decription of the present state of the country - its agriculture - railroads -business and . d State banks went down with the Confederacy. Thecirculation of the new National Banks in the State did not, inJanuary 1866, exceed $1,300,000. There was necessarily a great scarcity of money. It wasdifficult to raise funds even on the mortgage of real estate. Theexistence of usury laws, limiting the rate of interest at sixper cent., operated to shut out Nort
. The South : a tour of its battlefields and ruined cities, a journey through the desolated states, and talks with the people: being a decription of the present state of the country - its agriculture - railroads -business and . d State banks went down with the Confederacy. Thecirculation of the new National Banks in the State did not, inJanuary 1866, exceed $1,300,000. There was necessarily a great scarcity of money. It wasdifficult to raise funds even on the mortgage of real estate. Theexistence of usury laws, limiting the rate of interest at sixper cent., operated to shut out Northern capital, which couldfind investments nearer home at more remunerative I was last in Richmond there was pending in the legis-lature a bill for the repeal of those laws, which, however, did not pass. The immediate prospects of Virginia are dismal beyond this morning darkness I see the new sun great barrier, slavery, removed, all the lesser barriers toher prosperity must give way. The current of emigration,of education, of progressive ideas, is surely setting in ; and ina few years we shall see this beautiful torpid body rise up,renewed with health and strength, a glory to herself and tothe THE HOME OF PRESIDENT JOHNSON. 237 CHAPTER XXXI. THE SWITZERLAND OF AMERICA. From the grassy hills and vales of Southwest Virginia, Ipassed over by railroad into East Tennessee. At first sight, the Switzerland of America is apt, I think,to disappoint one. It is a country of pleasant hills, boundedand broken into by mountains which do not remind you of theAlps. The cottages of the inhabitants lack the picturesqueelement. A few first-class farmers have comfortable-lookingpainted or brick houses ; while scattered everywhere over thecountry are poverty-stricken, w^eather-blackened little frameddwellings and log-huts. Many of these are without windows ;the inmates living by the dayhght let in through doors, andthe firelight from open chimneys. Good barns
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