Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1876-01-27

CconespoAdenA q the Beacon.)
81. Lours. Jan. g, 1870.
1essss. B1feees This is the period
q resieuiak And reckoning. socially.
politically and indnssrially. I shsn
sot trcsek yos~sith any elaborate d.
ssrtAtics spes me frs', nor upon Mat
is nually termed 'the outlook" Of the
latter. The stssician's compilations
win bereplete with exact figures and
facts that win afford abundant men,
tai pabulum Of the raciest ard dryest
nature fpe m06tbs TO eosne. "A lev
observations upon the last. from this
standpoint. viii serve my purpose
The present pCenieapial year marks a
gredtsspoch in American history. It 10
as . lofty promcntory. from which the
observer locks backward and forward
upon the sea Of Time. And he that
looks and looks with thought, must
zee marvellous results--such perhaps
as no people yet hare seen.
80 The West.
The West has especial occasion to
rejoice. Her great and prosperous ci.
ties and towns-beacon lights-upon
what was but short time ago, q vast
wilderness-her fertile prairies fur.
nishiug the richest and most bountiful
harvests ofthe worid-her mex haustibl.
mineral resources yet scarcely touched
her magnificent system of railroads
covering like net work extended pra.
ries and penetrating into every nook
OF the land as it were-her mechanical
Inventions and monuments Of engineer
ing all unite to make this Centennial
an era of historic Importance to the West.
business, past and present, in the We.t.
The sudden financial disaster that
was preciritated upon the country in
1873, has borne It's visible fruits every
where. Here in the West as well as
the East, it retarded and stopped many
great interests Of Commercial impor.
tance. But the direct results have been
felt far less out here. While an
nouncements have come to us almost
daily of failures in New York, Boston
and other parts Of the East until il has
seemed that the whole business commu.
nifty was dissolving,-St. Louis, Chica-
go, Cincinnati and other Western cities
have experienced comparatively few, if
any such instances; while their gener-
al trade and growth viii show most
favorable advance on previous years
Western cities no longer depend e1clu.
siveiy on New York and the East for
their goods, but do most Of their i'm
porting direct. requiring large Custom
Houses to accommodate their demands.
Buta few years ago such thing was
rarity, it is now becoming the rule. It
is fer this reason that the great Dry
Goeds Houses Of New York and Boz.
ton are so loud in their complaints of
decrease in business. The hand writ
ing on the wall Of what must inevita-
bly, come, is growing apparent. Apr-
pos to hate remark If the New York
"Journal Of Commerce" in abiding to
her sister, Boston, perhaps it results
from the SHARP competition with the
brighter vessels Of st. Louis and Chica.
CO." -
st. Louis.
Here in St. Louis it is especially Oh.
servable, not only in this line, but in
all other branches IF trade. One Of the
signs of this prosperity is plainly ev-
ident to the casual observer. Main and
second streets down nearer the river
have recently been the abode of the
wholesale houses here. Now all along
Forth and Fifth streets Qthe present
Broadwavs Of st. Louis) magnificent
buildings of the handsomest and largest
designs are being rapidly erected and
Immediately occupied as soon as com.
pleted. Indeed may say the entire
city seems to be undergoing thorough
reconstruction, together with large ad.
ditious thereto. Never before has such
an activity in building prevailed.-
Whole acres Of houses are being con.
stantly put up-especially dwellings.
Rents East and West-Real Estate.
It is the theme of constant excla-
nation here, that in view of the cree
ton Of so vast number of buildings,
there should be reduction in rents,
but it is scarcely pereeptible. Rents
are very high. Houses that rent in
New York and other Eastern cities for
from $50 to $40. bring 500 and SIS per
month here. The papers of New York
represent a fearful decline in rents and
likewise the value of real es.ate-it is
the anxious theme Of discussion among
property owners and capitalists. On
the other hand the contrary complaints
of high rents are prevale Mt here in st.
Louis. 80. --rr- ga.
Real estate is high even far into the
suburbs. The city is moving RAPIDLY