the Ohio river at the foot of the Indiana Knobs, one mile below New Albany, and going north-east a distance of sixteen miles, and thence back to the Ohio river at or near Utica, a triangle is formed whose base is twelve miles long, and whose other legs reach about twenty miles to the apex. The space embraced within this triangle possesses precisely the same characteristics as that contained in the arc above mentioned. When it is remembered, as has been said by another writer upon the same subject, that we have "no need to encroach on arms of the sea as at Boston or New York, or to raze hills in the rear as at Pittsburg and Cincinnati, or to make embankments and to reclaim swamps as at New Orleans," but on the contrary, that we possess a location where building lots equally good, both as to site and material, may be had at one mile and at ten miles distant from the center of the city, the mystery of our cheap lots begins to be evolved. Here is a space of level country beyond the reach of any flood, all parts of which are equally well adapted to the purposes of the builder, sufficiently large to contain within its limits the cities of London, Paris, and St. Petersburg, with the foundation for a large city already laid, with a location which, in reference to facilities of intercourse with the rest of the United States, is unsurpassed; at the only point of obstruction in a continuous line of two thousand miles of inland navigation; a half-way house between North and South; a point through which all the great railroad arteries must of necessity pass; in the center of the most fertile and productive agricultural lands in the Union; in a State distinguished for the nobility and chivalry of character of its inhabitants, with every advantage which nature can give to the merchant, the manufacturer or the idle man of wealth and fashion; what is there, in view of all these circumstances, to prevent it from becoming the Great City of the West? What other inducements could be asked either by the capitalist at home or the emigrant from abroad? Does the cheapness of property or do the low prices of rents prove obstacles to either of these classes of people? Does the fertility of the surrounding country, and the consequent cheapness of the markets draw away any who might otherwise be attracted hither? Is one of these present the reason why Louisville is not already what she must inevitably become, the first city in the West. The reason is contained in the fact, not that these things are true, but that being true, they are not known. It is to her own supineness, to her indifference and lack of ambition to attain the rank to which she is entitled, that she is indebted for her second-rate position. Had the energy of the last two years been invested ten years ago, and been continued till now, the population of Louisville would to-day have been one hundred thousand souls. But she has been content to sit languidly down