In Their Own Words
July 29, 1893
Depression Felt in Georgia
A worldwide economic depression occurred in 1893; its effects were recorded by John Girardeau Legare of Darien, Georgia in his journal:
“…Times are very hard-in fact, we are in the midst of a season of great business depression all over the civilized world. No one seems to know just what is the matter but money is not to be had. Banks are failing in different parts of the country every day…Hog products are high, but almost everything else is low-cheaper in fact than was ever known before in the country…My crop is poor and my prospects are poorer for prices are far below the profit mark in rice. …”
Source: Buddy Sullivan, ed. The Darien Journal of John Girardeau Legare, Ricegrower, The University of Georgia Press, Athens & London, 2010, p. 46.