, 1877-08-19
How Cresus Refuses to Be
Con1forted Because
He Cannot Be
Midas.
The Time Allowed for Redemp-
ton After Foreclosure
Of Mortgages and
TruSt-DeedS.
Some Legal Points Which May
Possibly Goad the Flanks
Of the United States
Courts.

IN our feal-esLatc article OF last Sunday r.
gave few Of the most prominent facts in re
gard to the increase of crops in the Northw est
and the increase Of manufactures in the city
which afford q reasonable foundation for til,
! expectation not only Of m unusually large fa1
trade, but OF a continued increase of prosperit,
for Chicago rca1-cstate interests, notwithstand
ing the depression that might prevail else
! where.
To rccapitulate briefly, We showed that the
] farmers of the four States-Wisconsin, Min
! ncsota, Iowa, and Kansas-would have at least
Sc, ,000, 600 bushels more wheat to sell than last
year; that the average ability Of the farmers in
| these States to buy goous would be at least &c
! peF cent greater than last year; that OIL
/ home-manufacturing Interests, here In the
] city, were increasing this year in spite Of the
hard times at the rate Of from Is to Is per cent
over last year in nearly all Of the most impor-
tant branches Of manufacture, and that q
drought in the Upper Mississippi pineries
last spring would result in giving Chicago near
II half the Western lumber trade, which has
heretofore bcen supplied from that region.
But the above facts relate only to the region
which has for q long time been acknowledged
as strictly tributary to Chicago,-they had no
reference to that broader foundation for a
special increase of trade in this city which is to
be found in the
EXTENSION or TRADE
made By the extension Of Chicago railroads IN
the last year OF two, and the effects whien their
extensions arc beginning to show in vast in-
crease Of traffic between This city and the further
States and Territories which have not hereto
fore been counted rs very important factorE in
our prosperity, viz: Dakota, Colorado, New
Mexico, Texas, and also all that part of the
South traverscd by the new tributary roads Of
the Illinois Central Omfttfng for the present
any statistics in regard to Dakota with its great
increase Of grain crops, Colorado aud New Mex
leo with their numerous new mines, which are
being opened in greater numbers now than ever
before, let us turn to that State which until
within the past eighteen months was scarcely
heard of rs a trade tributary to Chicago, and
give few facts In regard to the
INCREASE OF TRADE WITH TEXAS.
A few DAYS ago our attention was called to the
fact that, owing to the increase of trade between
Chicago and Texas, the Chicago, Burlington d
Quincy Railroad Company had put on line OF
sleeping coaches running direct through, with
out change OF cars, from Chicago to Houston,
Tex, the route being via the Missouri, Kansas
j. Texas Railway, and through Hannibal, &c.
dalia, Fort Scott, Denison, and Dallas. There
had already for year been sleepfnC-car accom-
modations from Chicago to Houston, via the
Chicago & Alton Road to St. Louis, and con-
Meeting there with the same kind Of cars on the
Iron Mountain Road; but this increase Of ac-
comm notation made By the Chicago, Burlington |
d. Quincy, by the establishment Of the
first through line Of cars, indicated !
such an increase Of travel between |
Chicago and Texas that it suggested the inquiry !
as to the general increase OF business relations,
md ut our request Mr.. John s. Corning the |
Chicago Contracting Agent Of the Missouri |
Kansas d Texas, has prepared the following |
statement of the
INCREASE OF FREIGHT SHIPMENTS PROM CHICAGO
% all points on tho line Of the H., E. d T. ia
the month Of July, 1S777, as compared with the ]
;amc for July, 1876, viz: