, 1876-07-16
His Former Views More
Elaborately Stated.
Revolution Being Produced by
Steel Rails and Bonanza
Mines. :


me they seem so plain and simple that any one
who thinks for himself must realize their cor
rcctness.
send you herewith more full and enlarged
statement Of the same subject, not elaborated
for publication; but you are at liberty to make
any use you see flt Of the "points " suggested.
Commercial stagnation, panic, and decline,
have been the order Of the day for the past four
years. Everything has been ut low ebb, but the
aood-tide is now commencing.
Few people arc aware that the statistics Of the
incrcase Of the population Of the United States
for the past twenty-five years furnish the facts
beyond any contravcntion that, in the year 1900,
the population of Our country will exceed
100,000000 Estimating from the increase since
1860, our population will not be 60,0oo,00 in
1900.-ED.]
Neither New England nor the Southern At
lantic States are increasing in population, but
the centre OF this Republic must be in the Mis-
sissippi Valley and West, and the Capital OF the
Republic west Of the lakes
Steel rails have revolutionized modern rail-
roading, aud the same radical change, so far as
cost Of transportation is concerned, is now TAX
Ing place as when the railroads we're first built,
and stages and cannlboats superseded.
A permanent way, and steel rails on rail-
road, now means SIMPLY keeping the cars and
engines in order, loading and unloading the cars,
hiring engineers, nremen, and brakemen, and
buying the coal to feed the engines
It Is yet'problemattca1 how cheap passengers
and freight can be transported on railroad.
They will load cars In Illinois, Iowa, Wiscon-
sin, and Minnesota, and unload them at the
New York Central and Hudson River Railroad
grain elevators on Manhattan Island.
As labor has declined and will continue to de-
haiti yyf4h frrro
population this. country will produce enough
wheat, corn, and provisions to feed the world at
SO to 50 per cent Of what any other nation can,
and with our increased facilities for transporta-
tion from the interior, at reduced rates, no other
nation Of the world will be able to compete with
Not over 10 per cent OF the available farming
lands which are now contingent and tributary
to the railroads at present under cultivation
great many people belieye t9s pqs tae pr
Cation Is no longer "King.'' TT is still, and
must continue to be, powerful potentate, how
Corn and wheat, and gold and silver, have
taken its place. Rather supplemented It,
So far as the grain product OF the Northwest
Is concerned, there will be-
No more charges OF commissions Tor nanollng
! No more waiting for lake and canal naV19a.
! tion to open. I'VE demonstrated the error OF
| this idea in fridays TRBuNE.-ED.l
| No more interest and insurance on grain
| stored in chtcagoM @ @.,on h.+,roo, n. nroi,,cer
/ and the exporter. [1fidd1cmen can lever be
dispensed with In the very nature OF things
| ED.1 ..-.
| No more storms or insurance on the lakes,
with steel rails and . permanent @ way on .1; tne
trunk line to the seaboard- THE lakes Will
| always be highway Of transportation.
| The Grangefs' problem OF cheap transporta-
tion is solved by . level road, permanent way
and steel rails.
Bv this we mean such railroads as the New
| York Central and Hudson River Railroad, md
| the Lake Shore Railroad, which are completed,
and on which no moro money is to be spent Tor
! construction.
considered as a completed road, with q perma-
nent way and steel rails, for, while claiming TO
be the champions OF cheap transportation, they
| are now trying to borrow large amount o1
money in New York to carry on their road and
| bridge over their finances.
| It Is reported on good authority that the New
| York Central g. Hudson River Railroad shows
| in June 1876, nearly double the tonnage OF
| June, 1874 and 1875, and there Is steady n
country as shown by their published earnings.
| INCREASED PRODUCTION OF PRECIOUS METALS:
| With the improved method Of treatment OF
ores, the production Of gold and silver On On tne ne
! Pacific coast will amount to from $l0u,uoo.oUo
to S15O, 600 COO for the next twelve months, and
| there viii be more gold and silver produced IN
| the next five years than there mas ocen Ii Liz
last twenty-five years.
Owing to the difficulty in separating the ore,
the Colorado mines have heretofore only paiu
Is to 90 per cent Of what the ore assayed ana IN
| consequence work has been suspended.
| But by the improved process recently discovered
thew viii now yield about % per cent OF all the
| gold and silver contained III the ore, ut very
greatly reduced expense, and work IS now peihg
| Recommended in many Of the mines, With the
| nrospect Of being enormously remuneratlve.
One mine in Colorado, which only paid Slo6
| ner ton from ore which assayed S700, by the
new process is now yielding $500 per ton, and
hundreds Of thousands OF tons Of orc, which
hcrctoforc have been taken out aud abandoned,
being Improbable to work, will now UNDERGO
the new process, and prove immensely Valnap!e.
| The whole Pacific slope is full OF gold and sil-
yer. The questions in the past nave peen inc
cost of labor, the cost of supplies, aud the way
to separate the ore from the rock, and these are
now being solved.
commencement Of an imitation to %hlcn Ct,
the printing OF greenbacks was only an
inception Of what will ultimately en5ue:
Gnld and silver being the commercial standard
of iii values throughout the world (slver being
the standard of the East Indies, China, Japan,
South and Central America more te tnan ;11 net a
cline, but every other commodity VIII aovance
to meet the increased supply Of these measures
Of all other values.
The recent decline in silver in London would
indicate that China, Japan, and the East Indies
are beginning to realize our Increased supplies.
aud must soon experience an advance in all the1r
The whole of Europe Is fully supplied with
ooId. as seen In the extreme low: rates OF inter.
est prevailing at I'LL the commercial centres, ana
the large amount Of gold on hand In al the
| Hnarrjo1 cities OF Europe.
Money to-day IN London is from l to 2 per
cent per annum lon CALL.
The Banks of France and England have oVe1
300, 600 OF gold In their vaults.
or per cent dividend-payiDg security
will be considered very cheap at par ut p9q p9q
distant day. -
need now is encouragement through the press
md ali the facts and statistics should be printed
audi laid before the people, 80 that they may
| know the true condition Of affairs. -,
# the leading New York; newspapers will
| now make the same effort, and devote the same
SPACE in their columns to effect this as they dio
IN ISL, 1872, and 1873, when they were aiding IN
foisting upon the public millions OF worthless
securities Of all Kinds 1.-THE Western fress
engaged very spa1ingly in this busness-Ep.! !!
they will confer q benefit upon the country anu Il,
vii In q measure compensate for the harm a that
| xroo 1nra of that time. hQPI3 dAIC0.