, 1860-11-23

Editors Cuea9o 1Honhe. ~ ',..s.
Caa you tell 1ne why It is that the balance Of
:fradE Is. 30 heavy agulnst the, West The
: present year h1s given us bountiful 1arTest.
i nntice by your weekly reports Of the Chicago
market, that about thfrty-three millions, nf
bushels OF grain have been received In your
city during the current year, the most Of
which has been shipped to New. York, and the :
proceeds drawn against by your banks for the
payment Of Western balances. Other products
81 the country, such as cattle, hogs, cured mud
picked meats ;7tallow, lard7 hides, pelLs, wool,
etc, ETC., hare been shipped IN like proper
tion, and the proceeds CONSUMED In Hkc mau-
ner. / estimate the value Of products sent
forward from Chicago alone, the present year,
At not less than so COO coo. Can it be posi-
bio tha. the w'lnlc uf that sum has been sunk
tu tile puechasc Of. merchandise! ! We are
building no railroads Of my account, nor are
prosecuting any% other great works OF pub
tic improvements the present year The Ico-
pie Of the West are supposed to be practictng
= most rigid economy. Can Il be possible that
those Of thcm who transact their business with
Chicago hare consumed the value Of this years
shlp,ncrts? If not, what has become Of the
York Is ruling al The present exorhttant rates,
arc SO many. compclled-tu submit to the shnve
for the purpose Of maintaining their credits
..{Vill you shed uttle light upon thts,;to 1ne,
inexpiicablc subject =; .~'<.s' ~7..:1LLtSoIa
RExAnKs.-our correspondent is not the
oaly person to whom thc subject Of the
above queries appears 10 be incxplicablc.
1lultitudcs, in the abscnce of"any satisfac.
tory explanation, havd come to; thinltthat
it is mainly. tl,e result Of our geographical
position, and that it is Tie pre-ofdaincd
fate ofthe West to hold tic relation Of COM
.netcia1 yassa,agc to New York. zdt.will
+, not he an Improbable use Of these columns
4 to show the fallary ofthis conclusion. and
: to give rational exposition Of the points
raised by -ouE correspondent. >-~c"
# the West owed the East nothing, and
!: :purclascd nothing Of her, Of co1rse;fwhat-
ever the for1ncrsold to the latter, she would
receive tic value of it in: money! and il
would add that amount TO The permanent
wealth Of the louuez- Al present how
-~ever, she both owes largely and buys
lareely Of the East, willie Eastern capitals
heavily invested in some Of our public i'm
provcmcnts, the result Of which is to with
draw annually d large sum from The West,
= hi tie shape Of interest earnings .and'divi-
dends.., Let us look ut the matter little in
i. Aside from commercial credits, the
West i indebted largely to the East onir-
diHidul -ar private account 1t is impossi-
BILE to obtain eEcn an approximate idea Of
what the Total s:nDuntis, but that it is Hery
large, no ono will deny. The sum thus
owing in This city, secured by7 Bond and
.aortgasc, and used hi the conhniclio4 Of
permanent prirate Improvements, ia not an
inconstderable amount There il not n
city Of my considerable size in, the whole
Western country. of Which the same is moi
equally true. The interest on money thus
& borrowed Is, in cvcrgcas payable semi
: Annually il New: York and lit is mel by
r. exchange ii TINT: city drawn against y est
: .en. .sl,ipments :: " II:
2: Manly every Western city and many
Western. counties are also in debt to
" Tic East, Cor money expended IN 7the ercc-
= ton Of public buildings, xater-works, gas
works, sewerage, bridges, subscription 10
Z R.iliosds, c!c., We have no means: at hand
, Of arriving at the aggregate, but the sum is
:. a7a,sc one Take Chicago, alone; as an
:: .elxauple Her Funded debt; ;aa; shown lg.
:::4he comptroller'a Report, is S514 4ooo;. her
: debt. Tor sewerage purposes $3.50, 900; and
h<rdebt for wate1-works is 81 or 900. add
TO this the debt ofSt- Louis, which Is much
larger, tho debt of .Arilwaukee, : ~MauiSon,
Dubuque, St. Paul. Galena, Davenport,