, 1877-08-12

imnortaut Industries OIL :snc couulI9. Sossou-
seed oil is very cheap anuns a ~ ). ra1n'
eoor, which can be made from coftou-s -seeQ OIL
and soiii at two cents per pound. s1essrs Kay
4: Co. propose to form stock company ~lta
e0ps. Wcssrs. Sargent s. Ebert VINO hare for some
rpars mast had factory at Milwaukee, have
5;sa1o orranoemepts, through Mr. John e. Dorc.
nj This city, TO establish at South Ch'cago man
11factorv OF grape sugar, strip, anu glucose, 81
Sa,1ent & Ebert have secured the grounds for
4ho;r facfory at South Chicago, and will proceed
to erect their works ut once. me extent u
their establishment may be estimated f''m INC
fact that they Will employ s9hn n shejs
~ corn per day. {As the average reader
NAV not know what are the uses o.
those strange products--!siFup, elucoSe. AM
grape sucar-we may mention ,1 lncluentatis s ena'
glucosc ~ - arane sugar-''brcw ers' sugar "s
o.,o of the INDISPENSABLE ingredients IN tnat
bnnarare ~ which has become Indispensable to the
American puhlie-lager peer:
Tho Northwestern Glue Co., new concern,
.,.[1 ~ aato ohlishcd extensive works on tho North
nra,ch ~ The river last fall, though VIC have no
particulars Of the extent OF their business. =,
p' Thc aboye arc by no means all the items oi
new or increased mann1afIuFing IN 1 c.ehSor ~ hso1
INV are nn)y such as VIC have been able 10 near
~ n n day or two's cursory inquiry amon?
h,e;,ess men. More systematic Inquiry Woulu
douhtless develop great many more.
But now We come 10
THE POINT OF ALL TH1s
in the unavoidable CONCLUSIONS
bYr.,-That In the abundant crops OF the
Northwest this year We have the certainty OF
! greatly increased demand for goods, the main
nor,on Of which will unqucstionahly be bought
in Chicago. .
| ,Stcond-That our manufacturing tntcfests
! arc growing at rate scarcely ever exceeded oy
| New England even in its most prosperous days
| OF manufacturing industry.
Th;rd-That this growth OF business In Cnlca-
| On Mt a time when the Eastern States anu
| Eastern cities are depressed, cannot ta1l to
/ cause a concentration OF mucn IDLE fastesn
capital in Chicago
II this capital does not IND employment IN
the re-establtshment here Of manufacturing IN
dustrics that arc 1anguishlng IN the East, II
,r;1, find it in real estate. It is utterly
| ahs,,r5 that real estate in city with the basis
~ nroencrity we have indicated In the foregoing
| firms. should he depressed as much as IN Inc
Eestern cities where there is no such oasis Q!
prosperity. It is absurd that feal es1ate s41n tra
ehontn h. the same ratio OF decline everywhere
~ vicw Of the +" hard times" The value OF real
nstato IL entirely local matter, separate and
in each locality anu IN every 19o
I'M
Iamonstratc this in favor Of Chicago. VI
ro,,rse it will be argued that IT. Is tue pressure
! of debt and the great numbef OIL
1,oprct osr1R7s OF EASTERN MORTGAGES
:, rhicaro that have exercised the greatest in
nncnre In dcmoralizing peoples views about
ma, estate here as well as elsewhere. About
mis- matter of mortgage foreclosures and the
unxrarrantable Decentralization OF the mort
rocors the erasping disposition and illegal pro-
ceei,;nps of many:of the Shy lock mortgages, VI
nronose to say something in another rcal-estatt
; | article week hence, Us we have no room lot Il
hore at nrescnt, The main point Of our article
+h;s weak is to show that there Is to he found II
5,h;cooo a firm foundation for the expectation
of n preat Improvement IN trade nnd IN LII
> vo11cs Of real estate within the next twelv
. months but especially that this Is exceptiona
I ~ thn casc Of the Northwest, In other words
= +hat Tho Northwest-apd necessarily Chicago
t tI1 hc prosperous though the trade and IN
. Gnstrcs Of all the cities east OF Ohio should dc
!. cline. :. ,a+ o,.;r.,,,
;, ,1aor ri clouds. There will, Of course, be tn
: us11a, strain on the banks In September, fo
:. currency to market the crops: lh1s year II MI
/: he aggravated by the facts that the volume Q
currency has been greatly Ieaaceu t ~ * 5ne .as
J.. ~ rcnt more currency will be required to NOV
= The crops of the West this year than las
d There are also the labor-str1kcs, Wnleh haJ nc
# only strike labor, but capital with a aemno1at
. I naralysis, But the great facts are 1na1sputaDlt
| That this volume OF increased wealth, from q!
r Increased crops OF the Northwest, must have Il
4 benedcent effect, sooner or laIer, On Lug ;" ny
country where it was prnduccu, anc ItiAL ~
4 mist Concentrate great part Of this penei
z here In Chicago to increase tne 'a'oe u 41s IL
e movements aud its land.
;. The foregoing views have indeed oeen nei
| II = o1are nff
capitalists aRS the T preva1
, | 3iscouraping talk OF many crookers, anu u
q evidence Of this is In the
- LARGE AMOUNT OF BUILDING
Is NOW in progress in this city. We esIlnate LII
= +borc are mt less than QUO houses Of all desert
y y +;o,,s n nrocess Of construction in Chicago
Fl thc nrcseut time. This, it IS true, Is no1al'
G. like the number in progress at thls season Il
Is ro,ra apo. hut We venture to say it Is twice
~ ~ n,onv Is arc being built in any other Amer1c
st. city.
IS without attempting to partfcularize to a
u. considerable extent, let any one get into
n indiana avenue car, ride to the Sou
-. =. Park, and note the improvements
rs his route, First, he would Il
On TINT the west side OF "aoa
avenue between Madison and Mouroe stree
which, six months ago, WAS untmproVeo on Ill
no its frontage, is now completely nlleo up - )"
.st the very best class OF city business oulldln
" three splendid stores having an asgreg
frontage of about 100 feet, being in process
in construction there now. Between that
ue Twenty-second street, he would ind ncall
m, dozen Of less expensive sort that have b
90. erected in the last three months. When nc
nd tn .rb,rty-sixth street, on Indiana avenue,
ca would find two blocks OF t"o-story ano "
1sa- ment marble front dwellings,, niteen IL y ~
to nrnrress: at Thirty-ninth street ne "onld
arc only find several new stores and houses. nnt
ase ,.nn)d lind an extension OF the Indiana aye aver
railWay, % - a mile aud hall, made within the ]
lew weeks to the South Park. At FortyI
street he would find the entire east 1rqnt
We thc block, from Forty-first to Fo' F.11
inc, second street, on Indiana avenue, III
ins With long row Of tasteful cottages. Cont
OF jnr his ride In the car to Fitty-tirst street
all would lind at the park several new houses
otal nlaces OF resort for the great number OF PEG
This who have begun to go down there every al
+ho mon by the horsc-rnilway. Walking thro
'A'0 thc Park, and taking the Hyde-fark aua n[
back to Thirty-ninth street, ne wouid nno
slvc that notnt on Cottage Grove half dozen !
the stores. and at least dozen houses, bullt vi!
rirs the mast three months. Walking from Il
IS Of over 70 tns iaNe ~ a,,s i;rcctinn. he would
Ct.4 | ...~~r,ec iue< ffnishnH nTcrvWtl