, 1860-08-24

lttpm the New York Tribune. WednesdAy-l
The resurrection in the market value Of Rail.
waJ property which has been progressing for
several months, and which is still ut work, IS.
touishes The "old fogles" Of the street, aud
draws out the sage but stale comments Of tpeo-
pie who tail 10 garp the great tActs which arc
steadily and surely bringing about this great
revolution. / change which will restore non
dividend paying bonds and s!ock to actual pro-
d1ctivtcess, is quietly ignored, and the sptcu-
la.ive animation which Follows tue quick intel
l,gence OF thousands who see this change a:
hand, il pronounced "nsgni6 :ent bubble"
which must collapse and ovefwhelm tho public
With disaster ard ruin. These aippant opinions
find expression in gr2re editorials, full Of fguo-
rance upon the subject they astsmpt to discuss,
and in the shaking Of heads which STE nothiug
but "ttock ganbung in the 1ecnperAtion Of =
sadly depressed interest We may claim tho
credit Of having long siuce, and many times,
presented this matter Of railway improvement
fairly 10 the public, and now when prospects
which we hare forcshtdowed become, OF ara
about to become, realities, We are not difposed
70 join the ranka Of + Z crozteFF, who cAn giTe
no good reason for their 'orebodingA
The members Of tho Stock Excaange, as =
2re to work q change in The, vAlus Of rxi1-
way properly. They are cootent 10 tay that
Er1r, Mictfga Southern, Harlem, &e Sc, are
wortheltss, without investigation, and, reason
Ing from the past, they draw concfus1oes which
are destined TO he auniaiated il the future
The chaugr nav working j. like that which
takesthe poor invalid from biz. couch and puts
him upon his legs with strength and act,visy.
The great Wes', the garden ot the world, witl
this ear harvest cerest crop uever e4oalsd in
ita magnitude. 1t the same time it occurs that
Europe is deficient, and thus, With home and
foreign Consumption, prices are d-stlned to pAJ
hberRl prt tits - the producer. IL follows not
HA.t H. "a 80 rs trhx tStyf$ III -
erery avenue Of transportation will BE- crowded
with busineas in the movement OF The crops. Il
follows. also, that section Of the country thu.
suddenly made rich, instead Of beng eteeped
il poverty, having ths mexn1, will rep!enish
with the convenitneea Of life, which it hs,
avoidsd sor three years By every poss'b's ecoa
omy. In this r. have to expect q very l8rgt
bus,ness upon railway lines ia the movements
| Of products and merchandise bota eaas ant
west Ths elastic eserg,es Of this great tecto
| Of Tho country must b. unlocked b. this sud
| den change in It's c,aditlon-a change which
opce more places It in : position Of 1ndepend
ence. Tho result wil b. 10 start the wheels O
indussry and enterprise ia every cirrction-em
igra,ion, stinnlhted by the suceetB OF thoss
already on the ground, will aghn aow from th.
exhausted plains OF Europe to tho fer ilo prsi
res Of the West
An increase Of population calls for increased
| sapplitz, xad ths 1raasportahon Of lumber from
|
| fields OF sha South-weas-ahe mo!emaat Of gro
ceriss, dry:eoeds. hardware, &. >open ap
psospec: Of business nerer equAtied In the his
tary Of the country. AL this, ,wh,eh j. impslles
By one great crop, Ia not. g superficial obssr
| rsrs think, . Eners phantom Of prosperity, Whict
il to r,s dissipAted within .wolvemoota-it i
the beginning Of ono of those gigantic stride
in Development and pzogre.. Whlco will exten'
through ears, unless new disasters in the NJ,
| Of crop failures overtake ne. For three year
ths West has suffered tron frost and blight, IN
thu depression has been universal and as7ere
The chsnces OF future crops, takinR into conssd
Grafton the breadth ef ground undar culhra
tion, the varieties Of soil and climate, a1e C..
ts;nly gtod, snd failure, although contingel
cJ, i not strong probability: Under, I'll th
circumstances, We conclude that tho weat is no'
upon tho ascending series. and that its proI
parity niu yi,alize all tbs avenues ef traotpo'
tation TO Al extent equal to the most sangain
anticipatiops. Ths edtct Of this change upo
ra,lxsJ property. bosh East aud West, must
e1t.aosdinGY,an and ths vary sagscious individr
ii who ransack1 tho past u establish ths futu'
may, sud probably viii Aad taas he has stadis
the subject to but little advantage