New-York daily tribune., 1861-03-06

on that work and its connecting imEs no"
amounts to over 100000. 900 tuns per annum
Since its completion, two lines Of railroad have
been built, on which the freight movement IN
creases so rapidly that it must speedily equal
| that Of The canals. From this source alone a
volume of lucrative business is drawn to this
city in comparison with which the traffic in cot
ton, rice, and tobacco, are as the small dust
Of the balance.
1t once cost 500 to bring tun Of freight from
Lake Eric to this city. By canal it now costs
81, and has been even iess As the cost OF trans-
pOrtation dimnishes 10 the volume Of freight en-
larges, because the area widens from which low
charges invite it, Hence, as freights are reduced
on all our great Lines, they make more distant
regions tributary to us By opening the beat mar
ket at the lowest cost II is this policy of con-
tinuaIy reducing tolls that hns done so much for
New-York. 1t has enabled the Upper Mississippi
TO pour into our lap the grain and produce Of at
least 5000 square miles of land, on which settle
ments are annually increasing because a cash
market, By our canals and railroads, is brought
10 their very door, by these three channels,
20, 000, 900 bushels of wheat, aOur included, were
last year delivered at tide water. The whole
| amount of bresdstufis they brought TO tide water
last year was worth SIS 900, 900. OF animal food,
$50, ,000, 900 worth came over two railroads, while
by the three routes the total was nearly $50, ,GO,'
600. Thus breadstufs and animal food coming
over the three routes amounted to over $685.
900 900. Cheap freights have done all this, be-
cause the growth Of this immense trade began
when freights began to fall. If the Erie Canal
| could pass cottOn over it free OF toll, it would
probably change the whole cotton trade into this
market, or if the freight were reduced one hall,
| it would bring to US vast amount. Already we
have seen the course Of this trade changing from
Southern routes TO ours. Secession has increased
il very much and if persisted in viii make it
permanently beneficial to US.
But even this is but an incident Of our grow
| ing wealth. This city is the commercial center
of eight neighbOrng States, oil hives of human
industry, whose annual products, not cOnsumable
as food, amount to $500, ,000,0 The products
of Massachusetts alone in manufactures, mining,
and the mechanic arts, ape16t to $3.50, O0O,O OOO
Most Of this great total has grown to its present
magnitude 10 the fnce Of legislation shsped-to
put cotton up and manufactures down. This
city is the center to which theee industrial h
look for purchasers for their multitudinous pro.
| dustns.:: aud here it y known that buyers
from the wnuic Union congregate. New.ERgOnd
is in reality, mere suburb Of New-York,
pouring in her products, and relying upon us for
her resr--s NAur IA~sav h"- w. - r,., rnnsea
. - -v' "'"uV" H""9''
g. Nh. naaf Of hay
productions Her iron mines would be depOpu-
lated if this market we're closed to tbemi her
towns would cease to grow if intercourse with
us were interrupted, aud her railroads snd canals
become valueless The spindles and looms of
Philadelphia would stand idle If the cloths ttey
produce were shut ont from this market. The
industry Of eight manufacturing States would be
palsied, but for the capital and facilities afforded
By q single city. Here capital is concentrated from
every quarter Of the world, because here it can
be used to profit, and the barometer Of the
national money market hangs up in our EH-
change. The exchanges nj our Clearing. House
average $1,000, 900 annually. Here the
great bulk Of foreign imports are received, here
they are distributed throughout the country,
and here the Government looks for its greatest
revenue. All this business cannot be done with
out leaving a profit to those who do it.
There are other sources of prosperity which
are necessarily local that go far to add to these.
The manufactures of clothing machinery, turni-
ture, books, and newspapers, are greater than
those Of any other city. The tunnage Of
the port il marvel for vastneSs even to
| Europe. With an accumulation of 80 many OF
the clements Of wealth within our grssp, COM
bined with on enterprise which hestates over no
feasible project, and an energy which no calaln-
ity can permanently discourage, no one ought to
wonder at our increasing wealth. II is these
not Cotton, that have lined our wharves with
forest Of masts, covered our harbOr with
steamboats,, built our ships, erected palaces
for shops and warehouses, created q new city
in our expanding suburbs within ten years
with others in adjoining States, and which
provide food aud shelter for q million of peo.
pie. The volume of this prosperity is annually
enlargng, because its basis ia continually
expanding. All the cities created by the whole
cotton crop, If rolled into oDe would not
equal this. Cities do not grow where Slavery
prevails II the small amount Of cotton which
we annually receive and sell, yields its mOdicum
Of profit, who is competent 10 estimate the vast
total yielded from all other operations II can
be measured only by the impetus it gives to our
progress. This progress cannot be retarded now
| Our commerce, our manufactures, our eirOads
and canals are all fixtures No one proposes to
| desAroy them Even a hostile Governments has