other hand, can it be denied that these places are of immense advantage to Louisville. Firstly, because they are situated in a free state, and hence can offer freedom from the disadvantages of slavery; secondly, because, as smaller towns, they are cheaper residences for those whose means require attention to careful economy; thirdly, because they claim for Louisville the sympathy and encouragement of the State in which they are situated; and finally, because they extend the area of the trade and manufactures of the city. It is probable that if the same advantages which have made Louisville great had been offered to New Albany or to Jeffersonville, either of those places might have exceeded their more fortunate compeer. But now the supremacy once gained, cannot but be maintained; and the growth and prosperity, or the decay and adversity of Louisville, must either make or mar the fortunes of her sister towns. Before entering upon the commercial statistics of Louisville, it may be well to consider its social position, and to endeavor to convey some idea of the advantages offered by this city as a place of residence, aside from its character as a commercial emporium. It is believed that there are few commercial cities on this continent which possess the same characteristics as this. The restlessness, the turmoil and the eagerness in the pursuit of wealth which is ever the characteristic of large commercial cities, has generally produced a littleness of feeling, and a selfishness of manner which does not at all tend to elevate the social position of those places, but rather causes them to lack that feature which in other countries is known and valued by the name "_tone_." In Louisville, this does not appear. Indeed it is difficult to reconcile the manner of pursuing traffic here with its results. As will be seen hereafter, the business of the city is of great extent, and yet the stranger in its midst would perceive nothing to indicate such prosperity. Business is pursued quietly and without ostentation; no efforts are made by any to convince others of their successes; no factitious means are employed to display the results of labor, no hurry or restlessness or confusion attends even the largest and most prosperous houses. Trade is pursued as a means of gain, but is not allowed to blind its votaries to every other pursuit of life: business closes with the close of the day, and is forgotten in other things, until it is revived on the morrow. While pursued, it is pursued with all the avidity that is consistent with the dignity of manhood; but it is never allowed to obtrude where it does not belong, nor is it permitted to make any forget that there are other duties than those of the merchant, and other pleasures than that of adding dollar to dollar. Yet it is believed that there is no city in the Union where the aggregate amount of sales in any one department of business, divided by the number of houses engaged in