New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-08-22

The resurrection IN the Market value Oh ndu"dy
properly which has been progressing for several
months and which Is still at work, astonishes the
old fosies of the street. and draws out the sage bat
sale nents Of people who fail to grasp the great
facts which are steadily and surely bringing about this
great revolution. a change which viii restore non
dividend pay ing BOMBS and stock actual productive
ness is quietly ignored and the epecula tive animation
which follows the quick intelligence of thousands who
zee this change at hand is pronounced magnificent
bubble" which must collapse and overw,elm the pub-
lie with Disaster and ruin. Those fippant opinions
find expression in grave editorials full Of ignorance
upon the subjects they attempt to discuss and in the
shaking Of heads which see nothing but stock
gambling" in the recuperatien of sadly
depres sed interest We may claim the credit of having
long since and many times, presented this matter Of
railway Improvement fairly to the public, and now
when prospects which we have foreshad,wed become
or are about to become, realities, not dIoted
70 join the ranks of croakers who give no good
reasons for ther forebciings. The ne nbers of tbs
Stock Exchange, as q body, fail to comprehend the
great facts which work change in the value of
railway property. They content to say that Erie,
Michigan Southern Harlem, &C., &C., are worthless,
without investigation, and reasoning from the past,
thew draw conclusions which destined to be annihi
lated IN the future. The change now working is like
that which takes the poor invalid from his couch and puts
him upon his legs with strength and activity The great
West the garden of the world will this year harvest
a cereal crop never eguaed 10 its magnitude. At
the same time it occurs that Europe is deficient, and
thus, with home and foreign consumption, proes are
destined TO pay liberal profits tothe producer. II fol-
lows not only that the West is be enriched but that
every avenue of transportation wiz be crowded with
4 =, he Of tho foll0wg
also that section of the country thus suddenly made
ri H. instead of being stepped in poverty, having the
means will Ieplenish with the convensnces of life,
which il has avoide1 for three years by every possible
economy In this we have to expect very large bust
ness upon railway lines in the movements Of products
and merchandise both east and west The elastic
gies of this great section OF the country must be
unlocked by this sudden change in its condition-a
change which more places it in position OF indie
pendence The result will beto start the wheels of in
dustry and enterprise in every INSTRUMENTATION,
stimulated by the success Of those already on the
ground will again flow from the exhausted plains Of
Europe to the fertile praries OF the West An increase
of population calls for increased supplies, and the
trans portation of lumber from the pneries Of the
Northwest TO the treeless fields of the Southwest
the movement Of groceries, dry goods, hardware &C.,
open up prospect Of business never equalled In the
history of the country All this which is imPeled oy
one great CROP is not, superficial observers think
mere phantom Of prosperity, which is to be dSsPA'eu
within a tweve-month-it is the beginning Oh one
of those gigantic strides in development ana
progress which will extend through years. uo
less new disasters in the way OF crop Ian
ures overtake us. For three years tne west naS
suffered from frost and blight, and the depression has
been universal and severe. The chance, Of ia'urs
crops taking into consideration the breadth Of ground
under cultivation the varieties Of soil and climate are
certainly good, and failure although contingency
No, strong probability Under all the circumstances
conclude that the West Is low upon the ascending
series and that its prosperity will vitalze all the ave-
nues Of transportation to an extent equal to the most
saneune anticpations The effect of this change upon
railway pre- perty, both East and West must be extra
ordinary the very sagacous individual who raosaeks
the past to establish the future may and probably will