The Kansas herald of freedom. [volume] (Wakarusa, Kan. Territory) 1854-1860, 1859-01-15
Miscel iaQeops.
Tls Wsa AMI lis Cities

Tas wsn an lis Cities.
The two articles given below are a good
example ofthe diverse results which follow
from looking at opposite sides OF the same
object:
THE WEsT-A paragraph which we pub
lished few days ago, copied from an ex-
change paper, gave an exceedingly gloomy
account of the condition of affairs through
out the Western States. This is not to be
CLEANED from the reports of the newspa-
pers published in that region, which seem
to be whistling to keep up their courage.
But il is the common tale Of all COM
mercial travellers, who have visited the
West this fall or winter. 1t is only from
such sources that we hear the full extent
of the disaster which has overtaken the
people of that lately prosperous and ju-
bilant section of the Union. The hard
times rage the worst in those places where
speculation has been the greatest, and,
therefore, the chief focus of mournful It'd
ings, the centre of gloom, is Chicago, that
mushroom metropolis, which has grown
so fast out of nothing. One person who
has returned from there says broadly that
the bottom has fallen out OF the place,
while another emphasizes it still more
distinctly by saying Chicago is to let"
For about ten years past the whole West
has been running wild with over specula-
ton. Business of every description has
been exaggerated. They have out there
large towns and more of them than the
Eastern States show to.the same amount
of population. Cincinnati, a city OF 2OO,
600 inhabitants, has just erected an opera
house much larger and more splendid
than they can boast of in New York, with
$4,000, or we, in Philadelphia, with 600,
600 people, and at cost of 100000.
They have there also a magnificent, new
theatre, and several hotels far superior to
any in the Atlantic cities.-The latter is
true. also Of the entire West. 1t has long
been mystery how they managed to do
these things, while we here at the East,
with an infinite more wealth, business and
every thing else, they have the greatest
difficulty in raising the means for any pro-
iect. Now, however, We have the solu
: ton. The capital of the Atlantic States
t has been doing it.. In the hard times o
!, 1878 this has all been called home, ant
hence we see the New York Banks will
over thirty millions of specie, and Phila
< delphia and Boston in proportion, Will
S the West is stagnant, and the times Their
9 dreadful Capitalists here have found
S much safer to trust their means within
d easy reach, and have begun to believe il
e the securities nearest home. Instead Q
. building palatial hotels in the backwoodi
d and investing in superauous towns on tn
V border, they prefer real estate in the me
n tropolitan cities, or a turn at manufacture
: or commerce. In view of this condltlo
of affairs, the presenttime may be regarde
? as most suspicious for Philadelphia entel
o prises.-Philadelphia North american.
d AS a general rule we are well awar
4 that the capital to do business in the ives
er ern cities must be made mainly in tho
N cities. 1t is true that here and elsewhe
ut many eastern men have investments
buildings and banks, and various depar
ID ments Of trade but the whole sum Of Il
II, real and active capital of the city owns
by non-residents, bears very small pr
On portion to that which has been accum
ot lated here and is now employed by o
Ok own citizens.
i'll If there is anything which Chicago So
Id cially needs, it is moro banking capt.
rs. There is not city in the Union whe
ell the monied facilities bear SO small pl
he portion to its actual business. In this
spect our sister city, St. Louis, has m,
gu decided advantage over Chicago. I
ct reasons for this advantage are plain to I
are comprehension Of all men. She is mu
t older city, and, till within few years,
era had the monopoly Of the immense ira
of the Mississippi and Missouri rive
eer The great movement of population will
the last dozen years has also tended gre
" to enrich ST. Louis. The Califor
emigration added to her Golfers unit
millions; and the Utah and the Kan
"wars," and the Kansas and the Nebra
'ct emigrations have been worth mint
lle money" to that city.
va The Pixies Peak gold hunters will k
iei' ND the demand upon her merchant
~ and in fact every excitement for the
on dozen years has tended greatly to incre
SUI the wealth and prosperity Of st. Lo
'ieo In addition to all these desirable wi
'eo- falls, st. Louis has the undisputed con
mo of the trade Of an Immense country te'
nes ing with agricultural and mineral nc
'eo- which must ever make her one Of
OUT leading cities of the American contin
o. At this we do not complain. 1t mt
Inc not our envy, nor mortifes our pride.
INST. firmly believe that the growth and !
con- perity Of st. Louis are entirely consis
ence with the growth and prosperity Of
nm. cago. Chicago has now popuiatio
con- least as large as that Of St. Lonis, an
.ns' some Departments OF business, Chicago
. 70 long since distanced her older sister.
1ys But our object Is not to draw gel
',s' parallel between the two cities, b.
y 3 point out some of the advantages "
cuee the larger monied facilities Of 81 !
u give to that city, For instance, "
good the last few weeks the pork trade
lI-As-- Z A. 1,x, ~ r,r,nrs kn1