The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-11-11
CHICAGO AND NEW YORK
Strife Between Americas Two
Great Commercial Centers.


CArthur J. Steek IL --~slee's Maeaziuel
For fifteen var a. more the Windy
City has been 81 "A reSsing not only
upon New YCr-. bU upon all the biz
cities of the east. Building up from the
wealth of its pork and beef packing and
grain business to the point of holding
a score of large railroad systems cen
tered IN its thOrOUghfaTes, and of be
coming the unquestioned distributing
emporium for the extensive country Of
which it is the geographical pivot. it
has accumulated all the elements
necessary to municipal strength and
has made itself talked of any typical
throughout the world as an American
city.
Pioneer in the matter of tall build
ings, always publishing in the most
broadcast manner possible anything
that could advertise its name, including
alike the inventions of uniqUeneSS and
inquiry: boarding the older culture Of
New York by making place for the
despised Theodore Thomas: challenging
the traditions of education by planting
a handsomely endowed, made-in-the-
mould university on the level plans of
its uninteTeSting suburbs, and then,
after absorbing a hundred miles. more
or less, of surrounding territory and
population. astonishing its Atlantic
competitor by securing the Worlds Co.
it was the most central and most nat
uraI place for the American people to
exhibit themselves and to invite the
nations TO participate with them-Ch-
cage won recognition as the second city
in the United STATES.
With the era of strife for recognition
passed, the rivalry widened out into the
broad contest for the control Of the ma
tional and international lines of trade
and commerce, and for the manipula-
ton of the very delicate machinery Of
finance which governs and regulates
all the balance Of the civic activities.
New York. as the chief seabOard city
of the country, is interested in COMPEL
ing all trade and finance to become trib-
utary to the main stream of interna-
tionaI traffic that flows between the
Atlantic and the Pacific
Chicago. OF the other hand. as the
central inland city. is interested in the
development of all possible lines and
outlets of traffic. Her citizens, per
force, support the propositions leading
10 the Improvement of the inteT-lake
navigation and the clearing of the
waterway from the lakes to the ocean,
via. the St. Lawrence river They unite
in the pressure upon congress which
has resulted after years of urging. IN
the completion Of the drainage canal
whereby the Great Lakes eventually
will be directly connected with the MIS-
sissippi and the gulf
And now, when the cities of the mid
die west generally are reaching the
state of prosperity and stability thai
has long marked the condition of thf
larger cities on the eastern side OF the
AlIeghanieS. and are looking for Jnf
most convenient points in which &c
concentrate their surplus and to finance
their future undertakings thICag5
bankers and money men exert theN
power and enterprise to prevent me
gold which accumulates fTcm the huge
volume of business Of the interior IRON
travelling to PARKWAY New York ans
being redistributed from there
Within the past three years thI'ag'
has been the center of an extensive
movement whereby the west has Deer
furnishing the money to move ITS Owl
crops and TO float its own Industries
Competent authorities estimate tina
during 1898 and 1899 more than e-2..
600, 900 was thus withdrawn or WIN
held from the New York banks. am
that within the last six months OF i>
over $40. 600 coo was loaned To Tal.Ind
and Industrial corporations that bnur
former conditions would have been par
celed out from New York.
The financial is by all odds the mos
serious aspect of the municipal TiEaiL
between the two typical cities OF l'
Atlantic and the interior The mons
tary center is always likely TO ne u.
national center and Chicago mar -,
Gus energy, coupled with its conHla--.
ing territorial location, certainly me
give the metropolis of the c'oH-l
ground for at least a little uneaSine9'
How much of a handicap tmcae' ia -Z
TO overcome. however. is shown Ih --
, total cIearings Of the two cities TOT IT,. ~
New York City ............ so 800 -5..