Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1863-10-10
LETTER PROM NEW YORK.
rEditerial correspondenoe.l

Editorial Correspondence
New YORK, Oct 9th, 1868.
Ills fact of great Importance, and sig
nifosncs too, that though gigantic civil
war is taxing the energy, the activity and
the resources Of the country, that instead
Of exhaustion, we behold plethora. The
Northern States and cities were never, ap !.
-parently, SO prosperous as at the present
time. In every department, trade is brisk
and active; nor is it confined to the abso-
late essentials, the mere neoesssries Of
life, but transactions in the luKuries, the
supsrfuities, serve to swell the ever flow
ing tide. Nor does all this appear Ike
-sh6dowy imitation. Trade seems to be rest
ing on solid basis. Yet it must not be
forgotten, that in the plenitude Of cireu-
Iating currency, we are in the wild whirl
and mad intoxication of successful thrift,
and steady and largo aceumulatiOns.
Notwithstanding the immense drain Of
men to supply the armies Of the Union, the
great cities, New York, Philadelpbis, Bos-
5on, Chicago, Cincinnati, St Louis, SC
are filed to repletion. 1t is the testimony
of C. the eldest inhabitsnt," that New York
was never SO thronged as now. Hotels
are over-croEded; throngs Of eager and
rapidly striding pedestrians fill the side
walks; vehicles bearing freight, and omni-
buses conveying passengers, clash, inter
lock and bsrricsde the streets, while irate
drivers add to the general confusion and
din by loud curses at each other, and sturdy,
relentless thwsoks upon their suffering,
unofending beasts themselves, some of
them the greater beasts the street cars
fit here and there with not even standing
room 10 spare the human tide surges
through Broadway with never ceasinE, but
with apparently ever increasing flow
wholesale establishments are as busy as
busy can be" in selling, packing and
shipping goods retail stores, filed with
jostling customers, present q bewildering
maze in the endless details Of "smaller
transactions;" all places Of public amuse-
ments, thesters, operas, Sc, are reported
to be crowded; rents are advancing, al
ready twenty-five per cent. advance is
noted for first class houses, but in cheaper
teDements the advance has not been 90
great, yet the supply Of houses for rent
does not ell the demand. First class hous-
es which rented last year for two hundred
dollars month now command three hund-
red dollars. Rents bear heavily on peo-
pie with fixed salaries and incomes snd the
tendency is steadily upward. Suoh is New
York to-day, outstretching all her past
history In the Vsstness of her prosperity.
The prudent, at this period of Initiation,
rl-411 T,,f s., l.,
6ons. When the turn which is sure to
ocne in the tide Of affairs arrives, woe be
70 thosR whom the stnzrn nntahhs Iln4yA-
pared TO resist its fury. II is noticeable
however, that in the midst Of this unex-
smpled suRmenlation Of business saving
feature has been introduced. Business is
-bsinR- conducted on a sound cash basis.
Long credits are discarded and this will
vastly help to break the fall when itcomes.
Freirhts which were comparatively mod
crate during the month Of September have
been advancing. They have taken snoth-
Fcr jump to-day. Railway lines partake
Of the general prosperity. The passenger
trains sre not only thronged to an uneK-
ampled extent, but the freight trains are
not able to keep mp with the vast demands
upon them.
Ha me NEW 1OAh OEAIkALf uuBuI IpdB66u
IN an its arrangements, equipments and
conduct, is so great fsvorite Of the trade
IN the carrying line, that it is put 10 the
top Of its bent to meet the hesvy pressure
upon L, notwithstanding its eztraordina-
n equipment Of between one and two
thoussnd freight cars, and locomotives in
ample numbers to draw them.
One is almost alarmed at this extrRordi-
nary foE Of prosperity in our Northern
States snd cities, when an exhsusting, de-
Vsstating civil war is seourging US. But
this war qulckeas the energies Of the
Government, arouses the latent power Of
the people, brings out in full force theiI
enterprise, and thus serves to develop and
bring 70 view the vast resources of the
country. We are Rstonished OF this reYe
lation, because we did not know or real
iEe our own strength, power and mex
haustible resources. Thus situated, as {
Nation, We can bat be great in war il
.noaee, "a the development of our immeas
uzabls cspsbilitiesB we ought to be great
ef nation still H