Слике страница
PDF
ePub

the same radical change in our great Northwest which characterizes its history for the past thirty years. Our domain has a sort of natural geographical border, save where it melts away to the southward in the cattle raising districts of the southwest.

Our prime interest will for some years doubtless be the growth of the food of the world, in which branch it has already outstripped all competitors, and our great rival in this duty will naturally be the fertile plains of Kansas, Nebraska and Colorado, to say nothing of the new empire so rapidly growing up in Texas. Over these regions there is a continued progress in agriculture and in railway building, and we must look to our laurels. Intelligent observers of events are fully aware of the strides made in the way of shipments of fresh meats to Europe, many of these ocean cargoes being actually slaughtered in the West and transported on ice to the wharves of the seaboard cities. That this new enterprise will continue there is no reason to doubt. There are in Chicago several factories for the canning of prepared meats for European consumption, and the orders for this class of goods are already immense. English capital is becoming daily more and more dissatisfied with railway loans and investments, and is gradually seeking mammoth outlays in lands and live stock. The stock yards in Chicago, Indianapolis and East St. Louis are yearly increasing their facilities, and their plant steadily grows more valuable. Importations of blooded animals from the progressive countries of Europe are destined to greatly improve the quality of our beef and mutton. Nowhere is there to be seen a more enticing display in this line than at our state and county fairs, and the interest in the matter is on the increase.

To attempt to give statistics of our grain production for 1877 would be useless, so far have we surpassed ourselves in the quantity and quality of our product. We are too liable to forget that we are giving the world its first article of necessity - its food supply. An opportunity to learn this fact so it never can be forgotten was afforded at Chicago at the outbreak of the great panic of 1873, when Canadian purchasers, fearing the prostration of business might bring about an anarchical condition of affairs, went to that city with coin in bulk and foreign drafts to secure their supplies in their own currency at first hands. It may be justly claimed by the agricultural community that their combined efforts gave the nation its first impetus toward a restoration of its crippled industries, and their labor brought the gold premium to a lower depth than the government was able to reach by its most intense efforts of legislation and compulsion. The hundreds of millions about to be disbursed for farm products have already, by the anticipation common to all commercial

nations, set the wheels in motion, and will relieve us from the perils so long shadowing our efforts to return to a healthy tone.

Manufacturing has attained in the chief cities a foothold which bids fair to render the Northwest independent of the outside world. Nearly

[graphic][subsumed]

GREAT IRON BRIDGE OF C. R. I. & P. R.R., CROSSING MISSISSIPPI RIVER AT DAVENPORT.

our whole region has a distribution of coal measures which will in time support the manufactures necessary to our comfort and prosperity. As to transportation, the chief factor in the production of all articles except food, no section is so magnificently endowed, and our facilities are yearly increasing beyond those of any other region.

The period from a central point of the war to the outbreak of the panic was marked by a tremendous growth in our railway lines, but the depression of the times caused almost a total suspension of operations. Now that prosperity is returning to our stricken country we witness its anticipation by the railroad interest in a series of projects, extensions, and leases which bid fair to largely increase our transportation facilities. The process of foreclosure and sale of incumbered lines is another matter to be considered. In the case of the Illinois Central road, which formerly transferred to other lines at Cairo the vast burden of freight destined for the Gulf region, we now see the incorporation of the tracks connecting through to New Orleans, every mile co-operating in turning toward the northwestern metropolis the weight of the inter-state commerce of a thousand miles or more of fertile plantations. Three competing routes to Texas have established in Chicago their general freight and passenger agencies. Four or five lines compete for all Pacific freights to a point as as far as the interior of Nebraska. Half a dozen or more splendid bridge structures have been thrown across the Missouri and Mississippi Rivers by the railways. The Chicago and Northwestern line has become an aggregation of over two thousand miles of rail, and the Chicago, Milwaukee and St. Paul is its close rival in extent and importance. The three lines running to Cairo via Vincennes form a through route for all traffic with the states to the southward. The chief projects now under discussion are the Chicago and Atlantic, which is to unite with lines now built to Charleston, and the Chicago and Canada Southern, which line will connect with all the various branches of that Canadian enterprise. Our latest new road is the Chicago and Lake Huron, formed of three lines, and entering the city from Valparaiso on the Pittsburgh, Fort Wayne and Chicago track. The trunk lines being mainly in operation, the progress made in the way of shortening tracks, making air-line branches, and running extensions does not show to the advantage it deserves, as this process is constantly adding new facilities to the established order of things. The panic reduced the price of steel to a point where the railways could hardly afford to use iron rails, and all our northwestern lines report large relays of Bessemer track. The immense crops now being moved have given a great rise to the value of railway stocks, and their transportation must result in heavy pecuniary advantages.

Few are aware of the importance of the wholesale and jobbing trade of Chicago. One leading firm has since the panic sold $24,000,000 of dry goods in one year, and they now expect most confidently to add seventy per cent. to the figures of their last year's business. In boots and shoes and in clothing, twenty or more great firms from the east have placed here their distributing agents or their factories; and in groceries.

Chicago supplies the entire Northwest at rates presenting advantages over New York.

Chicago has stepped in between New York and the rural banks as a financial center, and scarcely a banking institution in the grain or cattle regions but keeps its reserve funds in the vaults of our commercial institutions. Accumulating here throughout the spring and summer months, they are summoned home at pleasure to move the products of the prairies. This process greatly strengthens the northwest in its financial operations, leaving home capital to supplement local operations on behalf of home interests.

It is impossible to forecast the destiny of this grand and growing section of the Union. Figures and predictions made at this date might seem ten years hence so ludicrously small as to excite only derision.

[graphic][merged small][subsumed]
[graphic][merged small]
« ПретходнаНастави »