The daily union., 1852-07-08
COMMERCIAL.
FROM sar csmms.el.l o.ssssp..asa,.

Hrw YoKk. July 9. 1854.
With The fret Of the present month has been
eompiesd between the great West and The city OF New
York, which ultimately have immense influences
upon he fortunes OF the country through which passes
he city OF Chicago. in illinois, is certainly Of the most
thslng Of towns and become for the great North
wea what New York is 10 the Union--the common com
meIeial Including the central road coming from
toe south there seven roads, besides the great canal
which eonyengs upon Chicago. adding m natural adj
yanages and parting business activity second
no city Of It's size in the Union The population and
sessed ysue follow
Population. Recommendations. 447s $1,000
Assessed value s2os4a ss627if
Tue distance central Of the West and
New York is, in round numbers. 1000 miles. which, by
the roate opened. may be accomplished with IN
foIty-two hours thus New York 10 Dunkk, soy miles,
10 seventeen hours. daytime railroad Dunkirk TO Monroe
2io nie IN twelve hours, 70 miles per hour in steam
ers Northern Indiana and Southern Michigan, 2i5 miles,
from Monroe Chicago, IL hoursmskng az hours from
New York Chicago The OF these connexions is
far IRON S26 0oo and perfected by which
once matter Of oongratuation the public, and pac
ueai lesson Ia relation 10 the superiority OF private over
government enterprise Both OF these long railroadshe
Southern Michigan and the Ede-were started Saie
worksihe latter directly, but be butt with loans Of
State credit Fifty miles OF il put operation
expense OF 000say $3 900 oan 81 600
private stock, and $500 00o debt
Iwas then, after repeated efforts by different directors
vosscue Che enterprise. almost abandoned until, 1886
Benjamin Lodef, and the board ol directors
came ia Immediately the work began progress. and
the president, surrounded by practical board of great
judgment and command OF means, steadily Tough, the
wilderness, side and brokers' jobbers and political
on the other. until crowned efforts
second track is now being laid. and $50 miles of will
be opened this BY the winter ALSO the lake
shore connexon Toledo will be complete say Dunkirk
Erie, 46 Erie Cleveland 95 Cleveland Sandusky
IS Sandusky Toledo, 50-total. zt6. The connexion
from Toledo 10 Chicsgo-246 mles-is that which was
,l.. l.. II
OF individual where Stale enterprise had fail
ed. IL is well known that, commencing with about
year $780, strong desire prevailed in all the
States 10 develop their resources-hat is, open
avenues for communication in emulation of the great
which had attended the Erie canal For that purpose
Illinois, Indiana and Michigan projected immense systems
Of internal improvements, be built by State loans The
loans failed aud the States became bankrupt This chief
works in Illinois and Indiana great These
have been completed by placing the and the
Of land granted by the government in the hands
trustees, who negotiated loans sufficient complete
them, aud be paid OF the sales OF lands Mr. Charles
Butler, of New York, is the trustee for Indiana. which will
be complete from the Ohio river Toledo in September
Michigan had her she failed aiiro ads
running parallel each other her peninsula The
nortern from Detroit Joseph's called the
Central and her about 81 900 o00 the other running
Monroe and with connexion from Toledo Adrians
Miles, Michigan lake, had her 81 600 for the
6s miles complete. These half ompeted works profit
less the State with 900 900 Of unpaid bonds
ing, without credit. Mr. Charles Butler then procured
the passage Of the Butler ac' by which the roads
sold to private companies for oondsthe Central for
000 and the Southern for S50001. In the hands
the pany the former successni but the Southern
company did not mach proer until ss9, when Mr. But
Ter, 5. Blis csq the Messrs Ltchfed, and few Others
took hold and COM pleed the State line Under our
old Indiana charter the road prolonged through
S:ae Illinois and in that Stale Chicago under the
general law That whole road of 26 miles but about
o0o running through county of unsurpassed fer
ty, and where the farming is the magni hcen
scale The road is already IS per premium and
double track about be laid BY thar road from New
York Chicago. the Is 6S miles shorter by
the Central The great Of the OF those
-e~a Ironsists u-ii nj county
which requires extensive grading. portion OF the
northern Indiana having but 81 100 per mile ready for
the railas in the quantities OF raw produce which
muaie It's line le OF production. The
peiion OF the great trunk road places every
ton of Ohio by latent roads, within 4s hours Of New York
Indiana Michigan, and Illinois promptly connected
with rails and paaks, and, dverging from Chica CO. plank
roads and railroads penrras the whole prairie land giving
Of produce the scaboard and opening
markets for goods.
The prop Gritty Of the West apparent In fair collections
for the season. main element in the present
of money, which be continually increasing Tie
supplies aud exports specie have been this year.
pa red with last, as follow;
IssI. isa