The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1857-09-26
rhc West and the Fast.

The fol., wing is from Philadelphia Journal. in Il,
artcl. on the above subject:
Whatever to be the commercial results of the bus.
ness of country for the year 1851. no one eau shu
hia eyes the fact that Ell. grafton exercise
troin. influence upon .iem. For the first time IN o,
history il n.t:nn this prediction be made
We do M: mean the immI grafton Of foreigners ir,l
abroad but the Jus Of countless thousands goin.
FROM Eas; 10 West. The wSpap-rS all IL.
Eastern States announce the departure Of cmpabes 81
farmers chsnics business me, and others and tier.
carnv village any where arnnud frnn hich
persons vii, not De found to have departed farm-
everywhere advertised tor sale, the giving
for seiiny. hat they intend emf grae Ter
ta:ny, the West could not flourish astonshDgly il
this exodus were mol going But, added 70 the em
grafton OF nae", s the transfer OF money Millions OF
Eastern capital going With the emigrants, until the
drain begin alarm the banks aud business of the
Eas. We know that complaint has been made that re-
mittance- from Western merchants have not come u
freely the present season sforetme, end that they
accused Of investing in land the mnuey which they
ought to have remltts for goods Bu, th real deficiency
wha,ever il ina, be, Is on,i in the milli:- which air
leaving -u+tain ia West, be- ti,,r. invested in
Improvements, ued for banking purposes
Yet i, auy srrious deficiency ii this kind exists, j,
hardly prevail to exten. sufficient to enlbarras-
the Fast unless the latter is wholly dependant tex it,
vitality the Wcst--a fact which the East would be
very unwilling admit Ii the people Of the " este.n
those Of tic Eastern States have done no more than to
low their example" and otener with the disastrous
experience. Who but Eastern originated the gig
IT, scheme Of spending i've millions If dollars ill buying
up the wFrn out AMI depopulated lands Of Nryuia-a
enterprise large ,n"n. to swallow up Thousand of the
small operations the West which uiake muc noise
on paper? Where has speculation o riot than
in and near the city Of New York Where has been
developed infinite variety Of schemes to make land
sell that sold before, in Philadelphia If the
West has specnlse!. has she grown rich upon it
aud il she destined grow richer yet ? If there
more opportunities for specializing here there would
be specuations in proportion but the field being ex.
hausted, while the propensity remains the operators
transfer themselves and their capital the new and
boundless which opens them everywhere in the
West.
Enterprisiny men will 90 where business invites them,
aud those who 20 themselves will send their capi
tai to work for them The Atlantic States have for
years been gorged with English and German carital
brought here by the temptation Of higher rate Of in.
terest. Every railroad and canal in Pennsylvania, New
Jersey and New York, has been built with foreign cap
tal We hold out every possible temptation for that
capital We succeeded in transferring it hither
and who dare for doing? Meantime, our
Western brethren need roads much did
1hen. Who shall righeousy them fer h,iding
greater temptations to capitalists than did
Their very ability to offer such temptations
constitutes the great element If their strength. They
pay we'll every way because they afford to. Heavy
we know will be the drain upon the East in 1857 1t
will reach at least million of enigrants each taking
an av.rage of hundred dollars equal to hundred
millions II is the infusion Of this mighty of
gold into the currency of the West that has quicken
ed i, into activity and the abstraction Of it from the
rency Of the East, that has given alarming sluggish
ness its trade Hence it is that emigration will be
found exercise controlling influence 90 the business
results OF 1857. We have foreign intestine war
no pestence famine. But the vast movement Of
the rou section TO another, will be found in
the end, entirely competent to produce results both
social and commercial, qae remarkable, though not
go tragical, either of these.