New York is the first and Chicago the second base of operations on this continent—the second in point of departure, I will not say for another civilization, but for a great civilizing and conquering movement, at once a reservoir and distributing point of energy, power, and money. And precisely here is to be fought out and settled some of the most important problems concerning labor, supply, and transportation. Striking as are the operations of merchants, manufacturers, and traders, nothing in the city makes a greater appeal to the imagination than the railways that centre there, whether we consider their fifty thousand miles of track, the enormous investment in them, or their competition for the carrying trade of the vast regions they pierce, and apparently compel to be tributary to the central city. The story of their building would read like a romance, and a simple statement of their organization, management, and business rivals the affairs of an empire. The present development of a belt road round the city, to serve as a track of freight exchange for all the lines, like the transfer grounds between St. Paul and Minneapolis, is found to be an affair of great magnitude, as must needs be to accommodate lines of traffic that represent an investment in stock and bonds of $1,305,000,000. As it is not my purpose to describe the railway systems of the West, but only to speak of some of the problems involved in them, it will suffice to mention two of the leading corporations. Passing by the great eastern lines, and those like the Illinois Central, and the Chicago, Alton, and St. Louis, and the Atchison, Topeka, and Santa Fé, which are operating mainly to the south and south-west, and the Chicago, Milwaukee, and St. Paul, one of the greatest corporations, with a mileage which had reached 4921, December 1, 1885, and has increased since, we may name the Chicago and North-western, and the Chicago, Burlington, and Quincy. Each of these great systems, which has grown by accretion and extension and consolidations of small roads, operates over four thousand miles of road, leaving out from the North-western’s mileage that of the Omaha system, which it controls. Looked at on the map, each of these systems completely occupies a vast territory, the one mainly to the north of the other, but they interlace to some extent and parallel each other in very important competitions.