Book-bot.com - read famous books online for free

Cleveland Past and Present - Its Representative Men, etc. by Maurice Joblin
page 29 of 672 (04%)
the business history of the city. The canals brought business from the
south-east, and by a slow and uncertain route from Cincinnati. The
completion of the railroad gave direct and speedy connection with
Cincinnati, with the rich valleys of the Miami, and with lands hitherto
undeveloped or seeking other markets for their produce. Other railroads
were rapidly built, and developed new avenues of commerce and new sources
of wealth. The population increased rapidly. The streets were extended and
lined with new buildings. Additional stores were opened and all
departments felt the rush of new life. The lake commerce of the port, in
spite of the business drawn off by competing railroads, increased in 1853
to a total of eighty-seven million dollars, more than four times the
amount reached nine years before, after the canal System had been
completed and was in full operation. The grain trade which once was the
foundation of the commerce of the city, had fallen away owing the gradual
removal of the wheat producing territory westward. It was asserted, and
generally believed, that the canals had done all they could for the
prosperity of the city, and that unless something new turned up for its
benefit, Cleveland would remain at a stand-still, or increase only by very
slow degrees. Business was extremely dull, the prospect looked dubious,
many business men moved to other cities and more were preparing to follow.
Just then two things occurred. The war broke out, and the Atlantic and
Great Western railway was extended to Cleveland. The latter event opened a
new market for trade in north-western Pennsylvania, and soon after, by
sending a large proportion of the product of the oil regions to this point
for refining or shipment, built up an immense and lucrative department of
manufacture and commerce, whose effect was felt in all classes of
business. The war stimulated manufactures, and by a sudden bound Cleveland
set out on the path of permanent prosperity long pointed out by some
far-seeing men, but until the time referred to strangely neglected. In a
very few years the population more than doubled the existing facilities
DigitalOcean Referral Badge