, 1865-04-21
A. GLANCE AHEAO.

ana our re.entry Oh the UltlS OF peace, thu
resources and Industry oil the entire country
will expand into degree Of business pros
perity never before known. The tobacco.
sug d 11-3 cotton craving regions Of the
South, under the stimulus Of thc high prices
Of those staples, will require but few years
under the system free -1ab,r, to IA sir
pass their former degree Of prosperity. The
manufacturing States cast Of Ohio, which
now monopo1ize manufacturing only because
the 1ates Of interest upon capi' nj are three or
four per cent lower there than In the Western
States, will find competitors eprinelns up
all over the West, owing TO the fact that The
existence of two thousand millions Of M lon
81 debt will tend to reduce The rates Of inter
est everywhere, and to equal1ze the price Of
capital in the new and old Statea. Loans for
business purposes will hereafter be easily
procurable Mt low rates, because the parties
needing them will be able to present, as col
lateral security, not the note Of Jones or the
mortgage on Smiths fam, but the bond of
the thirty millions Of American people. No
search OF title or brokers commission will
add Its heavy expense to The rate Of interest.
No need Of foreclosure or risk Of deficiency
will compel The capitalist to ask ten per
ccut for money which he could we'll afford to
loan on Government bonds for five or six per
cent. There will be no such difference in the
rates OF interest as have heretofore exist
ed between those old States iu which an &c
cnmulation Of wealth and credit enables capt.
talists to loan at half the rates Of interest
charged Ia States i've hundred miles Distant
One Of the great compensating financial bene-
fits Of the war must be to equalize and cheap
ell capi' al by furnishing to all lenders In the
Government eecurlties higher and more uni
vcrsal security than has heretofore existed.
This cheapenlng Of capital will not only
stimulate manufactures, but mining, bank
ing, ras1roading, and all mechanical and other
enterprise requiring associated labor and
heavy Investment Of capital. These enter
prises in turn will invite an incoming
swarm Of artisans and 1aborefs from Europe,
transferring the skilled artisans and business
ofManchestcr, Leeds mud Birmingham to Bos-
ton, New York, and Chicago. Nothing is
more certain than that a. we have The cotton
and coal, and food, If We lad in addition the
same cheapness Of capital hare as Ergland
has had for seventy -hye years, to-wit, four
per cent instead Of seven to ten per cent, we
should have most Of the manufactures and
commerce which now center In Ensland-
Westward the Star Of Empire wends its
way" and under the operation Of that great
law Of progress 1t is part Of our mani
fest destiny to eupersede England as
the manufacturing md business centre Of the
world. An immense stride will be made in
that direction within the next twenty-five
years, . stride that will fill the Mississippi
valley with hundred miilionsaof people
We can in no way 30 effectually humliate
England rs BY surprising her in all the arts Of
Peace, anticipating her commerce and under
selling her products In the markets Of the
wcrld. Heretofore our country has been the
asylum FOR the raul,ers and rusklled labofers
OF Europe, the mere serfs Of drudgery and
toll, but as We advance to mastery over the
rudcr elements Of our wealth, SIS We turn
frem telling the forests and building railroads.
to manufacturing our Own warcs and to the
other higher arts aud industries, we shall
take our pick Of En- s1;sh, German and French
artisans tnstcad Of receiving only raw, IN
skilled labnrers.
Bat apart from fo:cign accessions We have
in the Development Of our own resources, tue
sources Of almost fabulous incense of
wca1th. When the great Northwest shall
OAEN A4VaC sHtA AAAA ACA ~! lEI Qttls ptIh.
a1,l grain In the Southern States % we'll as
Eastward when by the growth Of othe, than
agricultural industries iu our nlids:. We become
q market, in great measure, for our own
products; when our coal, iron, copper, aud
lead mines are thoroughly worked, and our
farmers find ready sale at their very doors for
tic wheat which now goes to Liverpool, then
and In the interim while wc are tending to-
wards these great results, the vast valleys
OF the Northern Mississippi aud Northern
Missouri stvcr, including the region westward
ficm Lake michigan to the Rocky Monu-
tains, must ill up Is rapidly and With a popu-
lation as numerous as have within the pres
ent generation filed the Western and North
western Slatee. The commerce Of this en-
tire region, capable Of containing popu!a-
ton as large as Is now scattered over the
whole Union, must continue to flow into Chi-
caeo, For q portion of the lower part Of
this territory st. Louis will compete With
: Chicago. but Chicago is In the direct hne to
4he worlds great commercial centres. New
York and London, while St. Louis connects
the NorthEest only with the Lower Nlssis~
sippl and with New Orleans.
The line Of the great lakes rather than
The lower Mississippi is the water chan
mel through which the exports Of tne
Northwest must pass ont. Chicago, the
point of contact between the commerce q
the b1iss1ssippi and the lakes, the metropolis
o: the eLtire Northwest. must surpasa the
pre-em1ncnce she has already obtained aud
rise within the next ten Years to population
Of 3oo. 900. Chicago has but set foot with
in the veaitule Of her future and Ger
tain prosperity.
With liberalization Of the progress We have
1foreshadowed, the Canadas, between which
and England Tue tie is already as frail as gos.
samer, will find their desire for confederation
and for free trade with the United States best
attained BY becoming part Of our great Fed
eral Union. The removal Of the capital
OF nation populated from the Atlantic to
the Pacific and from tue valley Of tue :" Fa-
ther Of. Watess' to the gold.bearing peaks
Of the Rocky mountains, will be inesitable,
The choice in such an event Will liz
between Chicago and St. Louis, with pre-
pondczance in favor of the former. With
these views of the future which open up be
fore the Northwest and Its metropolis, Ch!
cago, 1t is natural thnt the TRIBUNE should