, 1874-10-09

| There is perhaps no point il the immediate
suburbs OF tho city upon which the calculating
AMI inqu1ring spirit Of speculation and enter
prise has lately directed more eager attention
or in contemplation OF which tic public mind oi
this practical community las been awakened tt
deeper or mere general interest IS field Of in.
| dustry, commerce, and fortune, or as an invit-
| ing and promising point OF heavy speculative in
| yestn1cut, than the new and thriving man,1fac-
turing Bottlcment in the southern domain of
HYDE Park, bearing, with special propriety, tue
| uamo Of South Chicago. The circumstances
which have developed this intense popular in
terest, prophetic OF tho future of the now city,
and which during the PAST fcw months has turn
cd in that direction formidable tids OF popu-
lation, capital. aud commercial energy, mainly in
the form OF manufacturing enterprises Of j largo
aud solid and permanent character, seem to be
explained il part by tue practical recognition of
tho point by the United States Government in
the bearings of the port upon the general in
tercsts Of navigation, in improving It's natural
position and adyanta.es thus carrying out an
obvious purpose of Nature to rcndcri ono of
the great harbo.s Of the lake; partly in the rec
ognition Of tile facilities and advantages Of tho
point "a trausfcr or shipping centre By several
OF tho great national railways, including
the Baltimore. pittsburg & Chicago
Railroad Company, who have made it
their freight aud business terminus, and
whose great terminal shops end transfer buiid-
ings ere now in rapid coutso Of construction
necessitatipg at an curly day 4 largo increase IN
the industrial population of tho place; the more
direct callao Of tho sudden activity OF specula-
tion in that new field being found in tho compile
ton OF certain mammoth 1abors and enterprises
OF improvement aud preparation by
THE CALUMET CHICAGO CANAL AND DocK CON-
PASY.
This famous improvement company WAS organ
lied tSo years ago for tho redemption and doycl-
opmeut of Il large district nd ac5nt to tho great
harbor and river mouth, the ultimate object of
their labors being to place Calumet Kirer within
reach OF tho city +; to reuder supreme uatura,
to bring to bear upon tho million industries Of
the metropolis great practical idea OF Nature.
the direct effect of bringing tho harbor and tho
river, with its u miles of deep sea water di-
rectly into the service Of tue mercantile COM
1nuuity aud the world, being, according to tho
philosophy and the logic of commerce. to add to
the commercial value end public utility Of the
Lake euarging and facilitating tho marine SER
WIGS by extending to it = nc" connection md q |
new system OF accommodations bringing it in- |
to relations With commerce, industry, and reu-
doring it more universally available to |
interests which maintain the shipping of |
tho city Tho fact that over e, ,050 700 have al-
ready been veniared upon the geography, tha |
},cai.!on. and tho manifest 6astiny Of tho Elaco
that severa! railroad lines, passing ut relatircI;
distant points. have recognized tie prescn: and
prospective strength Of the location bJ building.
nnd operating branch roads to tho |
laEpor. 10 oo1nect with the new commerce al
rodJ forming upoa tho water. aud that tue
l. Chicago Canal and Dock Company,
aftcr several years of mammoth labor IN tho
grading Of ntEeets, construction of dockage,