The Preservation of the Union a Great Blessing.—To Let 541 them “Secesh” would have been National Suicide.—How Immigration has Assisted National Prosperity.—Rescued from the Dynastic Oppression of European Governments.—Showing Good Fellowship towards the Southern People and Aiding them in their Internal Improvements.—The South, Immediately after the War, had Greater Advantages than the North for Making Material Progress.—The Business of the North was Inflated.—The States of Georgia and Alabama Offered Inviting Fields for Investment.—Issuing State Securities, Cheating and Repudiating.—President Johnson Chiefly to Blame for the Breach of Faith with Investors who were Swindled out of their Money.—Revenge and Avarice Unite in Financial Repudiation CHAPTER L. WESTERN AND SOUTHERN FINANCIAL LEADERS. Alfred Sully, his Origin and Successful Career.—Calvin 553 S. Brice, a Financier of Ability.—General Samuel Thomas, Prominent in the Southern Railroad System.—General Thomas M. Logan, a Successful Man in Railroading and Mining.—Financial Chieftains of Baltimore.—The Garretts.—Their Great Success as Railroad Managers.—Portrait of Robert Garrett CHAPTER LI. ARBITRATION. How the System of Settling Disputes and 561 Misunderstandings by Arbitration has Worked in the Stock Exchange.—Why not Extend the System to Business Matters Generally?—Its Great Advantages over Going to Law.—It is Cheap and has no Vexatious Delays.—Trial by Jury a Partial Failure.—Some Prominent Cases in Point.—Jury “Fixing” and its Consequences.—How Juries are Swayed by their Sympathies.—A Curious Miscarriage of Justice before a Referee.—The Little Game of the Diamond Broker CHAPTER LII. NEW YORK AS A FINANCIAL CENTRE. Its Past, Its Present, Its Future.—Banking 577 Decadence.—Growth of Interior Centres.—Obstruction from the National Bank Laws.—Relief Demanded.—Requirements of the Future CHAPTER LIII. EARTHQUAKE THEORIES AND WALL STREET AFFAIRS.