, 1877-08-13

etc, Ann EF1pe hugnr-threwcrt' 4ugaF'-s
orr Of the i'll.urnsahIc ingredient. In that
lc,erngc which has become Indispensable tn tic
Ain"snnn puh1lr-!ngcr brrr}
Tie Northwestern Glue CO., new concern.
nl,n cstnt'l.sirM extensive works on tic North
branch u[ tho s!yer last fall. though W. have no
particulars If The extent n: their hu.ircss,
The Rsk,vc ara by M n1eans alt The items Of
new or increased manufacturing IN Chicago:
they arc 0:1ly sNeh ns VIZ !avc bern able to llcnr
h ~ DAY or twoH russory inquiry atnt'i1
business men. Morc systcnl1tfc Inquiry would
doubtless dcyelopa great many mufc.
But now Wc culie To
THE rotsr or All. THE
in tho unavoidable conclusions,
f7rh-Tliat in the abnnlant crops Of the
Northirrat this year wc havo the certainly OF a
greatly increased demand for 4oo.ls, tho main
portion ri whirh will unaucstionnhly he bought
In Chicago
Seroad-That our manufacturing interests
arc growing at q rate scarcely ever exceeded by
Now England even IN its most prosperous days
Of manufacturing industry.
TAfrd-That thIs growth Of business In Chica-
20 Mt time when tlo Eastern States and
Eastern cities nse depressed, cannot fall 10
cause q concentration OF much idle Eastern
capital In Chicago.
II thas capital docs not dnd employment in
tho rc-establlshtnent hero Of manufacturing In
will Aftl It In real estate. It IL utterly
absurd that rcnl estate in n cty with the basis
uf prosperity VIC lasc indicated in ttlc foregoing
items, Should t,c depressed a. muttl as III The
Eastern cities where there Is no snch basts nf
prosperity. T. il absrt that real estate sl,outl
l'e considered the su'nt ertryphere, or that there
should be tho same ratio Ut de.inc everywhere
In view of the - 1lnrd tines" Tho yatuc of real
estate ia entirely n heal matter. separate nnfl
distinct IN eae, local1ty md in every city, md
tho next twelve months call Elprtrly fnf1 fo
ttA true this outlnok this fail Is no. entirely
clear Of clouds. There wilt, Of cburee. be the
usual strait, on tho banks In September, f,r
currency to 'narket tl,c crops: This rear It will
currency, has been greatly reduced In tho last
year, a1l also by the fact that at least Is or SO
per cent n'orc currency Will l}s required TO move
The crops Of the Wrst this year than last.
There nre also tho tal'or-strkcs, whtri may not
only strike labDT. but capital. With tcmpurary
paralysis. But the great faets are tn.lisputabla,
tllnt ts vo'unlc Of Increased wealth, from the
increased crops Of the Northwest, must have !ts
bcne!iccnt elect, soot,cr or later, on the wl1n1o
country where It VIA produced. and that tho In
crcasinR manufacturing Industry Of Chicago
must concentrate a great part Of this benefit
here in Chicago to Increase the valuc of It's I'M
proycments ami It's lind.
The foregoing views have indeed been held
by many capitalists md traders Of this city for
liseouragtng talk oil many cFoRkers, md tho
cvtdcucc Of this Is In tho
LARoE AMOUNT or BUILDING
now in progress in this city. We estimate that
there are not less than GO houscs OF all dGscrtf,-
tIons In process Of construction In Chicago at
tie present time. THIS, Il Is true, Is nothing
like the humber In progress at this season five
years aEo, but wc venture to suy It Is twice ~
many aa ate bclug built in any other American