, 1859-09-27

f,nr:.,A&.l; AND ECONOMY.

TlvsnAN SEPTEMBER y. i>:.?,
t,nt:xAs:E AND ECONOMY.
Tic New York paper; give the West credit
for nlorc prompt payment thnn for ma''y
,non.hs past, but they complain ll'at her MIR
chants purchase light. That is exactly tl'c
,,,sitiou TINT ueatern trade should hold 1or
uno,hor year at least. The proceeds Of Tic
nrcsen, crop should ,c used as fur rs possible
to liauiaa,o past indebtedness What new
,,,rc),ascs arc made should include only actual |
neccssitics-e;:ch as it is about impossible iar |
Tie people 10 do without While the "dcbt'
having" policy is rigidlv adhcrcd to- there
il much in tue condition Of our city nnd the
Vest generally 10 inspire confidence and couF-
;,or. Tor tl,c last Gso weeks tho shipments !
og produce. rs shown by our commercial tables
have averaged sufficiently more thau half a |
million Of bushels to make it safe to SAY that |
]lalr million Of dollars per week have been
1!accd to tho credit Of Chicago for that length
Of lime. Five to SIX millions Of dollars worth
Of produce moro will 60 forward tcfure tic
close Of navigation. and If shipments Of beef
and 1,ork be Included, from ten 10 twelve MIL
lions Of dollars will l4ayc been placed to tile
credit Of Chicago in New York beewecn the
first Of September and the first Of JANUARY.
This is a,a immense amount Of money, and if
1,rulently used, rs doubtless it will be, it will
u!lortl great relief 10 The West The spring
purchaser Of our merchants must Of course hc
raid from these shipments, but wo much mis-
t,kc if there will not be large surplus to ap'
p'v to the payment Of old debts.
Western merchants for the past
roar have purchased sparingly, aud
this courss will he pursued rigidly till the West
las achieved an independent financial position.
A few months ago crowd Of New York drum
,uers and oilY.tongucd agents dispersed them
solves over tho West, 10 induce our merchants
torurchase the heavy importatious Of foreign
gnods with which the warehouses Of New
York were filed The pREss AND TRIBUNE
promptly warned Our people against these very
accommodating gentlemen, and they lavc gone
home with higher respect for tho prudence
and tic sound Judgment Of Western men than
they could have obtained in any other way.
Tie n w York importers, with reckless dis
regard ior past experience That is truly amaz-
Ing have swellcd tlte lls for foreign goods to
a figure which :hey have ucrcr before reached.
But tho Woss is under no obi 'ations to re-
licrc them from their embarrassment. Let
them keep their gen'sawa, and rs they anxi-
onslv gaze upon their crowded shelves, let
t]icm become thoroughly convinced that they
hare *ul3" themselves, and not the homes,
toiling millions Of the West
For the last few years, previous to ls57
emigration from the Eastern States and from
Europe was one Of the main sources Of the
rapid progress Of tho West in physical aud
socia! development The "hard times'' have
reduced the emigration for tho past two years
to merely nominal figures. Our railways arc
no longer tllrongcd with those WHO are geek
ing homes in the 1ich tcemins West Thou
sands, perhaps Millions would be glad to
come, but it is impossible for them as yet to
dispose Of 1'N:r property, and hence they are
Obliged to remain where they arc till it sl,alI
again become saleah3e. During the last
season Tie States upoa tho seaboarl
have been steadily rcg.inins their
former financial position. In some portions oi
New York and New England, as NC learned
from gentlemen visiting hero tit the y. S. Fair,
farms hare been sold during tic past summer
ns prices ncasly il not quite equal to what
they would haze brought before tho crisis In
another year it is believed that property in oil
tic States cast Of the !Alleslanics will ],avc
reached a fair marketable va1uc and will conf
mand 4 ready sale. Then We may confidently
expect that tue tide Of emigration will again
SC. steadily westward
The state Of Europe has for tho past two
years BEEN untavorablc to emigration. The
large drain which Ireland had previously felt,
and the eimpr*ved condition Of her people, have
prevented the usual reiuforccuen.s Of .'noblc
celts to the ranks Of tlo pno-slarcry Demo
cr:cy. Tho wars upon the Continent hare fur.
nisl'cd employment for the Germans either in
the field "r the workshop, and hence compar-
n,ive'y few hare LEFT "fathcEland' 10 sock
homes in tho Vest
Recently tho English and Scotch papers
have noticed preparations Tor n more extern
sive emigration from their respective coun-
tries. Under the influence Of accurate inGornla-
tion diti.scd among the ,nozc intelligent classes
Of English and Scotch farmers md artisans By
Mr.. Caird's book, it is believed that Illinois will
receive Largo and most valuable addition to
Grand Trunk railway with its correspondents
aud agents in every principal city in Europe
will bc entirely completed during the coming
full and winter, and I'll agency more widely
extended and powerful than has ever be-
fore entered the lists, will wiell an its
mighty energies to people the West with the
choicest Of the population Of Europe. We
have heretofore alluded to the complete ar
raugemonts wlicl, this mammoth corporation
are rcrfecting to bring passengers aud freight
direct from Europe to this city. Within the
next two gears Chicago and tic West gcncE'
ally will receive m impetus from this sourcs
alone which tho most sanguine would scarcely
dare TO anticipate.
=. With the careful economy which, onr citizens
arc practicing it is to be hoped That the pres
ent crop Will very materially mitigate the &C
verify Of tie hard tines which have pressed
20 heavily upon lis for the I'ast two year,
The revival Of emigration, and the cheerful en-
crgy Of our reorlc, it is 10 he hoped, will, dur
ing the ncxt season, ;nfi1so healthy activity
into every department Of business. For our
selves VIC firmly believe the West is about t.
enter upon new and bright career Of heal
thy mud vigorous Development Patience ane
perseverance,, and mutual !orbearauec will car
r us safely through thc. coming winter, mt
then VIC hope to hear no more Of croakcrs fo'
many years to come. We give good cheer tt
tic gloomy, If pcrcbancc there bc such among
our readers. "There's y good time coming,
and VIC firmly believe VIC shall be rejoicing ir