The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1845-10-23
Corresponding of The Spn.

NEW YORK, Oct-- l845
stranger as he passes down the east river by the
Williamsburg and Brooklyn Ferries, and rounds into the
Steam Boat Landing the North River side of the Bat
terry is lost in wonder at the forest of mas that IS pre-
senied to his gaze Vessels of all kinds and of all sizes
from the stately merchant ship of thousand or twelve
hundred tons, 10 the little coasting oop and the fishing
smack, are apparently wedged into the docks, in almost
countless numbers. The next thing that surprises him.
is the great number Of steamboats, plying in almost every
direction through the harbor. They remind you as they
cross each others track in almost every direction of the
antics of company of spiders on the surface of
pool in a clear summers day. There are steam fer
ries to Williamsburg Jersey City, Hoboken and two or
three to Brooklyn almost place of any size up the
sound on both sides has its boat and so have the
towns on the North River and down the Jersey shore,
besides numbers Of towing boats used in the harbor and
up and down the North River This multitude of ship
ping and Of steam boats, mpresses the mind, as nothing
else is able 10, with a of the commercial magnitude
and Importance of New York. Ii is indeed wonderful
place for the extent Of its commercial transactions lis
unrvaed natural position, and the start it has already
obtained, will undoubtedly secure to it, its commercial
ascendancy, without any successful competitor for
long period of time, yet 10 come, and until some new
and controlling principle IN trade not yet understood.
shall have been brought into operation.
l his vast commerce, by which every land on the face
OF the earth and every cline that the sun in his circuit
shines upon, is laid under contributions is source OF
great wealth to The city, and large fortunes are some
times amassed here Thee spirit OF speculation and
reckessness, however, engineered by these great fac-
lilies for trade, and by the muludes which press in on
all sides and from all ouarers IN
consequences may, well enough, re imagined When
business prosperous all goes cry WELL but when
ever pressure occurs hundreds and perhaps thousands
sink under its operation 1t is SAID that more than nine
" oul OF hundred, that engage in business here fail
and that OF all who are in business and have been
Tor any length of time considerable portion have been
at some time or other, bankrupt Therefore, the accu-
mutation OF property, here is not great in proportion
to It's population and business as il S ia many other
large cities, and the wealth is probably more concena
ted into comparatively few hands,
There are those, who, judging am constrained 10
behave, from superficial view of The subject have
supposed that Boston was about suppanl New York
IN Its foreign trade and bear off the palm of commercial
aScendancy. Of this number, it will be seem by the
above remarks, am not Boston, by her position
her wealth, and enterprise destined great prosperity
and strong and rapid growth. The foundations of her
prosperity are laid deep and sure, III being The natural
business centre of an extensive manufacturing as well as
agricultural region pcoped BY hardy and entcrprsng
population. To these advantages she has added and is
adding he7 great works of internal communication.
which will bring TO her doors Tar more extensive trade
than she could Otherwise command. Her trade will be
more internal and domestic than foreign, and therefore
more sure, and less liable TO fluctuations But New
York will, in my apprehension, remain to be the place
where men most do congregae" from the various ma
tons OF the word-he great centre of foreign trade for
the western continent
But enough of this. Ii facts and not specuIatons,
that sal down 10 give you, and neither you nor your
readers will, probably, thank for this DEPRESSION Be
that as It may what is written is wruen"; you may
publish il ornot, as you please. III my next will Try
10 do better In the time remain your ever afec-
tomato JACK PRY