, 1875-07-04

, Oh the savings banks. But the bushes,
Of Chicago in 1875 has been renewed in 6
moat satisfactory manner. Since the panie
thare have been 1arger additions to the resi-.
deace property so much to the num-
be: Of palatial residences, nor to those
costing from $4,000 to $4,000 each, as
to that other and more needed class
costing with lot from $500 to $l3, 600.
We have also had large number of
buildings hardly known here before the
tlre-brick dwellings, costing with lot from
$500 to sc, 600. These are the evidences
! Of permanent prosperity, as well as increase
! Of population. Another striking fact, md
more peculiar in Chicago than elsewhere, is
that these dwellings are to great extent
owned BY the occupants, and the cost of the
others admits Of their being rented at mod
erote rents Under the combined influence
Of increase Of business, abundance of money,
and cheap rents, large number Of ware
houses and stores which since their construc-
ton have been unoccupied, hive now found
tenants; the weatherbeaten signs of s*To
Rem" have disappeared, and weu-flled
stores and active business have taken pos-
session of much of the hitherto unproductiye
Improvements made after the fire, "The
Future, for which they were built, has to
great extent already arrived, notwithstanding
the building Of similar property, which has
continuously kept on.
The number of unemployed has gradually |
diminished. The number of persons en- |
ployed at daily, weekly, or monthly wages in
Chicago at this time exceeds the number at !
my time since the panic Our manufactur-
ing business has increased, and has given
employment to an increased number of
persona There are persons out of employ
nent, as is always the case in large cities;
but the number, outside Of those who
re professional non-workers, and those
Vho will engage only in Ed-glove
abor, is less now in proportion
han for long time. The Indebtedness
fEthe people is less than in 1873 The period
ince the panic has been devoted to settle
oent. The insolvent have divided their as
cts among their creditors, and have stepped
own and out The holders Of mortgages on
cal estate have exchanged their evidences of
ebt, taking up one with another, and releas-
ag contracts that could not be filed. Indi-
iduals have settled their balances, collected
L that was due them, and paid off what they
we'd New debts, unsecured by available
ecurity, hive not been contracted Credits
re- short, prices low, md payments frequent.
is done nearer cash basis than
yer, to the great advantage and profit of all
Money is abundant, aud d
le rates Of interest low. Produc-
on is constantly enlarging, and, if wages \
9 not SO high, prices of commodities q
. proportionately less, and there are more u
srsons employed The deposits Of the sav- u
s. banks have largely increased. All over =
g city, even to the extreme districts, i'm
ovements are going Oh, and there is gen "
al activity, all indicating that, while the 81
travasant expenditure of 1873 no longer .
lists, there is a better, because more sub -
antial and permanent, business now doing; .,
ut, while the short cuts to fortune have ~
en- abandoned, there are more persons
shing onward along the slower high roads
comfort and competency.