and we forget that for every one of the latter there must be one hundred of the former."[22] It is precisely the class spoken of in the foregoing extract that is being built up, and is yet to be built up by the German citizens in Louisville. And, notwithstanding the number already here, there is yet room and work for many more. As has already been said the advent of artizans of this class is desired by the city, and, if they can be content to rise to wealth by slow and steady increase rather than by rapid strides of progress, their success is infallibly certain. Other inducements will also be offered to this and to other classes of people, seeking homes and investments, in considering the value of real estate in Louisville. Let us first look at the progress of property valuation during the last half century, as shown in the following table. The assessment valuation of property was, in 1800 $91,183 1810 210,475 1820 1,655,226 1830 4,316,432 1840[23] 13,340,164 1850 13,350,566 1852 16,350,052 This valuation is much smaller than that of the same quantity of property would be in any other American city, and this very fact has been urged against Louisville by her rival neighbors. They insist that the low price of property here is a proof that the trade of the city is not progressive, that hence no inducements are offered, either to the emigrant or to the capitalist. A slight examination of the subject, however, will show why property has not advanced here in the same ratio as in other cities, and will also demonstrate the fact that the very argument which is urged against Louisville, is really a matter of serious congratulation to her. It is not denied that land can be had within one mile south of the center of the city at from two to three hundred dollars per acre, whereas land similarly situated either in Pittsburg, Cincinnati, St. Louis or New Orleans would command nearly, if not quite four times that price. On the contrary, it is urged that this should be and that it is at once claimed as a strong recommendation both to the capitalist and to the emigrant, in favor of this city. The reason why this difference exists in favor of Louisville, is thus plainly shown. If the reader will take up the map of Kentucky and Indiana, and, commencing at the mouth of Harrod's Creek, which empties into the Ohio river eight miles above the city, will draw a line down to a point five miles below the mouth of Salt river, and another line thence southwardly for a distance of sixteen miles; and from this point draw a gradually decreasing arc back to the point of beginning, he will have enclosed a space of country, every foot of which is entirely level, is delightfully watered, abounds in building material of every description, and is equally as well suited to all purposes of building, as are the best lots now within the city limits. Nor is this all; crossing