The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1877-05-10
HARD, HARDER, HARDEST.
The Times are Growing Worse and
Worse in New York City
Symptoms of the General

Symptoms of the General
Ruin.
In going through the uptown streets
we are painfully struck at the frequency
with which "tO let" appears on houses
and stores. Yet rents are lower than
they have been for years. People who
formerly occ pied whole house at from
81, 800 to So, 900 year now put up with
a suit of apartments at from $3.50 to
$500. Hundreds remove out of town.
This annual exodus is very discouraging
to New York landlords, AID TO those
who are interested in the growth of the
city. 1t drains off the middle class, and
especially newly married people, the
most desirable elements of our popula-
ton. The city is fast falling into two
classes tho very rich, or those who
would be thought SO, and the very poor.
The Ell ect of this steady depletion on
the city in many ways is serious and
damaging especially on local politics,
the public sentiment of the city, the
support of churches, and general social
life. Besgars and miIIionaires are poor
neighbors and bad citizens, and worse
Christians. But one reason of the hegira
is that business is very dull It does not
revive. The new President does not
make two bargains 60 where there was
but one before. The banks are giving
H.
ling. People who have money dare not
risk it in new enterprises, and put it in
Government bonds at merely nominal
rate of interest.
The imports for February and March
are very small, and there are few buyers
in town. Eastern people do not appre-
ciate the immense damoge done New
York by the immediate transportation
act of 1870. Goods are now shipped di-
rect from Europe to Buffalo, Detroit,
Evansville, Chicago and other interior
cities without breaking bulk, and duties
are paid there instead Of here. They
ara ports of entry. Western merchants
can buy goods at these inland cities as
we'll as mere, Thueeu, II is SAID that,
either owing to the inexperience of the
appraisers or from the want of proper
eficit ncy, the duties paid at these west
ern custom-houses are so much smaller
than are exacted here that our merchants
can import some articles cheaper through
these internal custom houses than at
New York. The consequence is that
mora than half the western jobbing trade
of this city has been cut off. Our mer-
chants have spacious warehouses and all
the machinery for an extensive business,
but the buyers do not come. They pipe,
but the dancers do not appear. They
advertise, but there is little response,
And as New Workers are thoroughly
convinced that all the rest of the coun-
try exists for their special profit, their
disgust is as deep as their disappoint-
ment The bad terminal facilities which
make New York a very costly place to
do business in, tell powerfully against
the commercial prosperity of the city,
and prevent It's growth. 1t now begins
to look as though enterprise would be
forced to run into manufacturing chan |
nels, or the city must be content to stand
still for many years to come. Certainly |
the outlook of the metropolis is not bril>
liant And the small cities are the most
despicabIe places in America to live
N. 7. Cor. of the Springfield { Mass } !
ReOubHcaR.