The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-01-06
THE SOUTH AND vfEsr,


be Erected into the Mississippi River by
JAY Gould-rhe Grand Lsws of Trade As
sersing Themselves.
"Nhat do you consider the coming ques-
Ton ofthis country, as relates TO our do
nestle afiairs?'
The improvement Of The Mississippi
riyer, It is u great and overshadowlng
problem in connection with the develop
ment Of the West. The Mississippi river
is breaking down and will break
down the elaborate, expensive and
unnrohtable railroad systems Of
this country. A portion of our press are
neering At the Eads' JettieS and the slight
Improvement already made upon The river.
They are sneering ut manifest destiny. In
kjSs3 when Admiral Farraeut assembled
Pthe river 10 capture New Orleans, he had to
leave all his vessels drawing over sixteen
feet OF water at the mouth of the river. The
ether day committee from the New Or
leans Chamber Of Commerce examined and
found twenty-siX feet of water al the muddy
mouths of the Mississippi. This means
something, and can have no small bearing
Of the country and the develop.
ment of the West. Nine-tenths of
the vessels Of the world can safely float in
tgenty-siX feet of water, and can tie up at
the vharyes of New Orleans. The effect of
this improvement upon trade in four years
swonderiul
GRAIN Is MOVING SOUTH
BIZ water, instead of East by rail. In 1876
only 100000 bushels Of grain left New Or
leans for Liverpool Last year 17,O00. coo
bushels went down the Mississippi and out
he ettles Already this great increase is
disturbing the value ofrailroad stocks, and
the iow-freight war that has been going
m between the trunk lines is the
legitimate result of fierce competition.
Each line is struggling to maintain
lis tral'ic. but they cannot compete with
HE rivers. A little tug costing 500 900.
Nllh SIX barges, can carry more grain to
New Orleans than ten locomotives with
Forty cars each, and there must be crew TO
bach train While in st. Louis recently a
Eontract was made TO deliver corn in Liver
pool by the river for eight and one-half
enis' II cost twelve cents to ship bushel
corn rom st. Louis TO Boston by rail.
The West has been dependent upon the
East for an outlet for its products for man.
Ehcturers, etc. That day is past. The
Fast is now dependent upon the West for
uts food supply, while the West is fast de-
teloping manufactures. If you take
~ map of the United States and
Study ii in connection with the census re-
Turns of our products, you will see that
ohio is the furthest State East that is self
Vupporting-that is, that raises food enough
10 iced her people. But her manufactures
tnd population are developing SO rapidly
fhat in another generation she will cat more
hhan She produces, and she will have to look
nOthe West for food supply. In the future,
unstead of carrying the food OF the world to
be seahoard for shipment, our great trunk
nes viii only carry grain enough to feed
Ne East. 81. Louis, commercially, is nearer
liverpool than New York, as far as the
rain trade is concerned, and the
od Of the world will not start ont to
eek consumers upon the broad
Osom of the Mississippi look upon
JAY GOULD
the greatest and shrewdest railroad
nancler in America. His chief invest
lslis are west of the Mississippi river and
become feeders to the river They will
ydiyldends when the great lines east of
snFer are bankrupt. These are some of
reasons have that lead me TO think
Improvement of the Mississippi river
leci the great immediate questions of the
llule. When it comes up you will lind
estates of the East, the capital and the
ueOple, the oldest civilization OF the Union,
ayed against the improvement and the
CIV civilization OF the West So fierce will
the contest that ii almost lead to n
ptnre. But il is bound to come. The
liona strife between the South and West
been dropped and they are looking
ulaal development and possibilities in the
Re, and are discovering that their in
yesls are mutual, and that that grandest
81 creation TO America, the Mississippi,
IW binds the West and the South together
one future and one destiny. ST, Louis
\. one day he the largest city in the
Inds The Middle and New England
ates nave hated the South and kept alive
loaai warfare, because they have thus
leq able TO make the West pay tribute to
East in all transactions of trade; but
grand laws of trade will assert them
YES and commerce viii seek national
uannelsn
DO yeu think the present prosperous
Ewill continue?n
No; think there viii be
PANIC INsGDE OF EGHrEEv MONTHS.
ere Is not abusiness in this country to-
~ mat is not out of Joint The price of
oanetlon of labor and material is incrcas-
and Will increase while the price Of
ducts stand still. No man can look
cad six months and, with safety, fix the
ne any manufacture. This is an I'M
tral and unhealthy state of affairs, and
are surely travelling the circle that leads
periodical panics. Business readjpSts
ataoout every seven years. Three causes
nolheu to give us an era of prosperity,
| n as the world never saw; First, for
years the crops of Europe have failed.
VOhd, these five years we produced the
wsest crops ever grown In America