Daily national Republican. [volume] (Washington, D.C.) 1862-1866, 1865-09-27
ASTOUNDING DEVELOPMENTS.
General Prosperity Of the COunry---ReOr-
ganizatiOn Of Trade upon the Cash
and Short Credit Basis, &C., &c.
Editorial Correspondence Of the National Re-
publican.l

Editorial Correspondence Of the National Re-
NEw YoRx, Sept. 2s, 1855.
In 1884, all the dry-goods trade in New
York city was concentrated in Pearl street,
and the two houses that then did the largest
amount of jobbing business were GREEswAr
4 Co. and SnAs Brown & Co. 1t is esti.
mated that probably those two houses, at
that time. did by far larger trade than any
other two or three houses in that street.
Singular as IL may now appear, we are as
sured by those who undoubtedly know, that
the two houses named above did not sell
during the whole year of 1884 as many goods
as the single house of CLAPLIN 4 Co. fire.
quently sold in a single day during the last
year ending May, 1865, and the whole dry
goods jobbing business of New York city in
1884 did not equal that now done by CLAP-
LIN Co. in q single year!
without much reflection by the reader,
this statement would seem incredible; but, to
the experienced thinking business man of
New York, or to IN acute observer of the
national growth and natural but quiet and
, steady development Of the enormous re-
sources Of the country there is nothing very
startling, after all, in the announcement.
Thirty-one years ago the now populous
West was wilderness, and the Pacific side was
IN undeveloped and unpeopled sand bank )
Then Pearl street, with its few jobbing
houses, was sufficient for the demand made
upon New York for dry goods. Now diff
fsrent scene presents itself. The enormous
valley Of the West embraces waving seas of
precious wheat; great thriving cities have
sprung up on both banks Of the Father of
Waters and along the navigable lakes the
surface of which is whitened by the internal
commerce of the Western States. The eastern
sides Of the Rocky Mountains glisten as the
exployers and miners advance and unearth
their shining ribs-developing riches enough
to redeem all the national greenbacks, and
pay of the war debt in few years The
great basin, formerly known as the great
desert, " between the Rocky Mountains and
Sierra Nevadas, is silver lined and filled with
precious ores. The Pacific slope of sand
banks,' upon investigation, are iOunu 10 DC
banks of golden sands, the vastness of which,
In extont and value yet de6es the most SCI
entiGc researches, confounds as well as en-
riches the explorers, and astoun ds the world.
This whole vast country, from the western
slopes of the Alleghanies to where the Pacific
kisses the golden locks of California, has been
opened up and cultivated and peopled since
1884. From these new inland and Western
States mainly has emanated the demand upon
New York which has produced the vast in
crease in trade of every description, so aptly
illustrated in the facts stated above about
the dry goods trade and the house of CLAP.
LIN a Co.
In order to present a truthful idea of trade
at the present time; to show to what extent
and what effect the fall of the rebellion il
having upon the entire business of the coun
try; the condition and disposition Of the
South to trade with Northern merchants; the
obligations they consider themselves under
to pay of their old debts incurred before the
rebellion, and the general spirit and liberality
With which thoy ere received By the mer'