In the spring of 1855, the Saut Canal was completed, since which date the trade with that important region has rapidly grown into commanding importance. It will be seen by the table below that the importations of machinery, provisions, supplies, and merchandise, for the past year amounted to $5,298,640, while the exports of copper, iron, fur and fish amount to $3,071,069.
The following are the names of the steam craft now regularly employed in this trade:
| S. B. Illinois. | Prop. Mineral Rock. |
| S. B. Lady Elgin. | Prop. Montgomery. |
| S. B. North Star. | Prop. Northern Light. |
| Prop. Marquette. | Prop. Iron City. |
A number of other steam-craft made occasional trips last year, and next season it is expected that another line will be placed on the route permanently. The Detroit shipping-office has published the names of ninety-six sail vessels that have been engaged in the iron trade the past year.
Rapid as this trade has increased, it is destined, no doubt, to yet undergo a still greater transformation. The latent resources of the Upper Peninsula are of a character and magnitude that defy all estimates of their future greatness. With regard to the importance of the trade to our city, and the steps to be taken to retain it, ample comments have already appeared in the Tribune, both editorially and in the form of communications, to which we can add nothing.
The aggregate amount of tolls collected in May, July, August and September, was $10,374.18, a large increase over the corresponding months last year. Including the probable amount for the months not reported, and we have at the lowest not less probably than $16,000, as the tolls for 1859.
Number of passengers: May, 2,493; June, 1,764; July, 2,116; August, 2,617; September, 1,538; October, 1,015.
It is now almost universally admitted that the State of Michigan possesses in her soil and timber the material source of immense wealth. While in years past it has been difficult to obtain satisfactory information concerning the real condition and natural resources of a large portion of the surface of the Lower Peninsula, the re-survey of portions of the government land, the exploration of the country by parties in search of pine, the developments made by the exploring and surveying parties along the lines of the Land Grant Railroads, and the more recent examinations by the different commissions for laying out the several State roads under the Acts passed by the last Legislature, have removed every doubt in reference to the subject. The universal testimony from all the sources above mentioned, seems to be that in all the natural elements of wealth the whole of the northern part of the Peninsula abounds.
The pine lands of the State, which are a reliable source of present and future wealth, are so located and distributed as to bring almost every portion of the State, sooner or later in connection with the commerce of the lakes. The pine timber of Michigan is generally interspersed with other varieties of timber, such as beech, maple, white-ash, oak, cherry, etc., and in most cases the soil is suited to agricultural purposes. This is particularly the case on the western slope of the Peninsula, on the waters of Lake Michigan and along the central portion of the State. On the east and near Lake Huron, the pine districts are more extensively covered with pine timber, and generally not so desirable for farming purposes. There are good farming lands, however, all along the coast of Lake Huron and extending back into the interior.
A large proportion of the pine lands of the State are in the hands of the Canal Company, and individuals who are holding them as an investment, and it is no detriment to this great interest, that the whole State has been thus explored and the choicest of the lands secured. The developments which have thus been made of the quality and extent of the pine districts, have given stability and confidence to the lumbering interest. And these lands are not held at exorbitant prices, but are sold upon fair and reasonable terms, such as practical business men and lumber men will not usually object to.