The examiner. [volume] (Louisville, Ky.) 1847-1849, 1848-09-02
From the Louisville Journal !
Louisville and the Itiemens. OF her E,ro-
gre.s.--No. 4,

| srtss.--No. y,
Ii may be Of interest to your readers I,
examine the most important results or cor
rotiarie' naturally growing out of the fact
presented in my former communications.
Since the invention and common use O
railroads and other modern facilities O
transportation and travel, large cities hav,
absorbed small towns. In this country
whore these artificial facilities are SO cheap
| " rnade, We may expect men to divide
themselves chiefly into three classes First
The sgrlculturists, covering the country more
or less densely as it is fertile or otherwise
and as there is demand for lis productions;
next, manufacturers, collected in greater OF
less numbers at points afiording greater oil
less facilities Tor manufacturing and third,
factors, capitalists, men of fashion and les-
ure, small artisans, and those dependent up
on them, collected in cities the extent Of
which will mainly depend on tho fertility OF
the producing district around and the man.
ufacturing facilities near them.
| have ~endeavored to show that the cir
Gle OF which Louisville is the centre. and
upon which Louisville depends, includes a
soil OF unsurpassed fertility, unoer a most
genial climate, with a surface peculiarly
adapted for cheap means of intercourse, az
tording iron, lead, coal, and hemp in the
greatest cheapness and abundance, and at
positions where cotton and other important
staples can be most cheaply manufactured
on their direct route to natural markets.
Whatever then affects this citcle affects
this city also in the same proportion; not
wheel can be turned by the water Of Nolin
or the kentucky; no furnace car be erect
ed on the Salt or White rivers; no spindle
can revolve at Bon Halbor; not shuttle
can be thrown at Cannelton, but what will
add something to the profits of the Louis
vile merchant and the wealth Of the Lou.
isville capitalists.
The first advantage that would result from
tho establishment Of the manufactures re-
iened to, and to the circle described would
be agricultural; hundreds Of thousands Of
hands would be employed in digging the
iron, lead, and copper ores, excavating the
clay, splitting the stone, and mining the
coal; thousands Of skillul operators would
be changing the materials into forms requir
ed by use and fancy, and thousands of acres
would be cultivated in products unavailable
away from the point of use. thus giving a
large, and what is Of more importance, a
certain market to the producers Of every
species Of food and raw material.
IL will be recollected that the manulac
turing districts Of the world generally are
OH barren soils. The country around Man
chester was series OF barren sand hills,
now so improved by cultivation, as to rent
for "a to flO per annum. per acre. The
Clyde, passes through the manufacturing
district OF Glasgow, is narrow and henlmed
in by rugged mountains. The Lowell dis
trict seemed once an unbroken bed of stone.
The Pittsburgh district is Of certainly supe-
rior fertility, but how Ear short Of The pro.
ductiveness Of ours.
Ii is said that the growth OF Lowell ad-
ded at least a million of dollars to the val.
ne OF the lands around it. Those lands.
not long since worth five, ten, OF twenty
dollars per acre, are now worth from fifty
TO five hundred dollars, and they yearly re-
1uire an expenditure Of from FIVE TO twenty
dollars to make them as productive as ours
are without the aid Of artificial enrichment.
These made lands are now employed in
growing products of the most easy cultiva-
ton, but which will not bear transportation.
For instance the teazel, thistle required
by the clothier, is as easily cultivated as
corn, and yields crop worth from thirty to
forty dollars per acre.
Next. Fi1lanciGL-An evil Of vast i'm
portance to the West is now developing il.
self in the fluctuations Of prices, trade, and
exchange.
Three months since the balance OF trade
was largely in favor Of the Mississippi val
ley. and now it is as largely against u.s.
All the results of the overproduclion Of our
leading staples.
II We were indebted to each ether there
would be no danger to the country; the bal |
ances between creditor and debtor would be
easily liquidated by exchanges Of immova-
bic assets. What one individual would
lose his neighbor would acquire; but
when the creditor is abroad we must send
the specie to meet the difference between
the avails Of our produce and the amount
Of our liability, we must sell the house ard
the land for specie, and we never can know
in time to make due preparation what that
difference is to be, because the produce is |
beyond our control and subject to Influences
Of which we can have but little knowledge. |
We cannot be foreanned because we can |
not be forewarned.
Within the last three months this State |
has lost not less than million and half
Of specie for Eastern ard foreign demand, |
and to pay the balances we owed abroad,
when, three months ago, We had fair right |
to expect a balance OF million and half
to the credit side OF our account.
There is no need Of stating the inconve.
niences our community have suffered from
the curtailment Of discounts and loans, and |
the evils resulting perhaps from necessary
caution on the part Of our banks and money
holders.
Now, how simple the remedy-a cotton
mill Of 10000 spindles will turn out four
millions Of yards Of brown cottons per an
mum, worth, at the low rate OF seven cents
per yard, S2S0.000. We should save at