The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-09-15
The Extraordinary Revival OF the Trade
OF The Com

The Extraordinary Revival or the Trade
and Progress or the Country.
The city of New York, in commercial and
financial point of view, is the pulse of the
whole country, indicating its healthful or I'M
healthful condition, as the state is, in great
measure, the pulse Of the body polite. If it
beats languidly we know that the country is
suffering; if with steady vigor, we learn that
commerce is coursing through every part, un-
INSTRUCTED and full of vitality. While the war
continued and the future was uncertain this
true, because we felt more the artificial stimu-
liant which such q state\of things always pro-
duces for time. Still, the suspension of trade
with the South was seriously felt everywhere.
and New York, as the centre; necessarily suf-
fered with the rest of the community.
Now that the war is over, and the South and
North are being brought into harmonious union
again through the wise restorative policy of
President Johnson, the old channels of trade
are opening once more with extraordinary
promise. New Orleans, St. Louis, Louisville
and all the other towns on the great rivers run
ming through and bordering the South are at
the present time experiencing a surprising
revival Of trade. In New Orleans it Is very
remarkable. We are informed by persons
recently from that city that the levee and ware
houses look much as they did in former times,
crowded with bales Of cotton and packages of
merchandise, and alive with the noise of COM
merce. Nor is this returning prosperity
confined to the Mississippi valley. The cities
on the Atlantic seaboard, as Savannah and
Charleston, and in the interior, as Richmond,
Augusta and Atlanta, are all feeling it. In
fact it is running through numerous courses to
every village and the remotest spots. One of
the largest dry goods houses here informed us
that the orders from some Of these cities, and
especially from Augusta, were unprecedented.
The want of clothing of every description, and,
in truth, Of almost everything for the person,
as well as for the house and farm, is general
and urgent. Four years of war must have
reduced the stock to very low amount, not
withstanding what has been manufactured or
imported through the blockade.
And the Southern traders are able to pay for
what they order. This at first may astonish
some people; but we are assured by the mep-
chants from whom they purchase that they have
the means. There must have been consider
able amount of money boarded in the South,
as there always is in times of civil war. But
individuals is worth large sum. Making
every allowance for the deprecated value of
the old stock, for the damage done on account
OF not being able to obtain bagging and rope
to put it in bales, and reducing the estimated
amount on hand at the close of the war to a
million and quarter bales, which we believe
is below the amount owned by individuals, the
value would be equal at the present price to
three millions of bales before the war. This
enables the South to buy what it needs, and it
is this that is giving, In g. great measure such
an extraordinary impetus to trade in New
York.
There is q remarkable increase Of trade with
the Western States also-greater, indeed, than
was ever known before. We supposed itmight
be larger in amount of value, in consequence
of the greatly enhanced price of articles, CON-
pared with the price in former times, but not
larger in bulk or amount Of materials. We
raised the question, and were informed by the
money value was very much greater and in
the amount Of materials fully equal to the most
prosperous years heretofore.
When we look at this revival Of trade in the
old channels, and add to that the new and
wonderful developments of wealth, within the
period of the war, in the oil regions, in the
mines of coal, iron and the precious metals
and in manufactures of various kinds. the un-
paraleed prosperity and promise of the future
that peace brings, we must acknowledge with
| gratitude that we are the most favored nation
on earth.
But nowhere is all this good seen and felt SC
much as in the city of New York, the heart and
| great commercial emporium Of the whole con
tnent Much earlier in the season than in
former years, and before the summer season
has closed, the hotels and boarding houses are
filed with visitors who have come on business
The merchants dry goods houses and every
class of tradesmeR are aroused to activity, ouI
columns are crowded with advertisements, and
the whole city seems to be starting on fresh
and unprecedented career Of prosperity. Evi
IDENTIFY new and grand era Of progress hal
commenced.
The Old World, which was astonished at thu
magnitude Of our war and resources, and The
results of them, will be no less surprised at tbt
rapid and wonderful recuperative power Of thu
country. II will be forced to acknowledge
that both in peace and war we are the 0rs
nation on the globe. And with the grand des
tiny that lies before us this mighty city Is fas
progressing to be the metropolis of the world
BEWARE OF Coal PANrC-The people
should be on their guard against the endeavors
Of interested parties To create q coal panic
which the coal companies and spectators arr
very anxious should be. got up, in order tina
prices NAV be advanced. The same attempts