“I am not sure that I know ‘all about it,’” answered Ed, “but I have been reading some articles concerning it since our trip awakened my interest, and if you want me to do so, I’ll tell you what I have learned from them.” “Do!” cried Irv. “This party of young Hoosiers has often been hungrier for corned beef and cabbage, with all that those terms imply, than for intellectual pabulum of any kind whatever. But at present our physical systems are abundantly fed. What we want now is intellectual refreshment, all of which, being interpreted, means ‘Go on, Ed; we’re interested.’” Ed laughed, and continued:-- “Well, the war damaged New Orleans, of course, not only by shutting up the port for some years, but by impoverishing the southern states which New Orleans supplied with provisions and goods and from which it drew cotton. Then, again, New York had and still has most of the free money there is in this country, the money that is hunting for something to do. You know that money is like a man in this respect. It always wants to earn wages. Now, when the western farmer sells his grain and the like to a country merchant, he wants money for it. As a great many farmers sell at the same time, the country merchant naturally hasn’t enough money of his own to satisfy them all. So he ships the grain, etc., as fast as he receives it, and makes drafts upon the commission merchants to whom he is sending it. That is to say, he makes them pay in advance for produce shipped in order that he may have the money with which to buy more when it is offered. The commission merchants in their turn borrow the money from the banks in their cities, giving liens on the grain for security. This is a very rough explanation, of course, but you can see from it how the city that has the largest amount of money ‘hunting for a job’ must draw to itself, when other things are anywhere near equal, the greater part of all the produce that can go at about the same cost to that or some other city.” “That’s clear enough,” said Phil. “But what about the railroads? Why do they all seem to run to New York?”