this greater and comparatively immense abundance of the prime article of subsistence for mankind is a great blessing vouchsafed by Providence to mankind. In part I believe that the cheapness has been increased by special causes. The lands from which the great abundance of American wheat comes are very thinly peopled as yet. They will become more thickly peopled, and as they become more thickly peopled a larger proportion of their produce will be wanted for home consumption and less of it will come to you, and at a higher price.
Again, if we are rightly informed, the price of American wheat has been unnaturally reduced by the extraordinary depression, in recent times, of trade in America, and especially of the mineral trades, upon which many railroads are dependent in America, and with which these railroads are connected in America in a degree and manner that in this country we know but little of. With a revival of trade in America it is to be expected that the freights of corn will increase, and all other freights, because the employment of the railroads will be a great deal more abundant, and they will not be content to carry corn at nominal rates. In some respects, therefore, you may expect a mitigation of the pressure, but in other respects it is likely to continue.
How are you to meet that state of things? What are your fair claims? I will tell you. In my opinion your fair claims are, in the main,