Oswego was among the most severe sufferers by the speculations and high pressure transactions of 1836' 7; but she is gradually and surely recovering. We spent a day there quite recently, and were gratified to witness the evidences of prosperity and thrift which were presented on all sides. We will not attempt, from memory, any description of the numerous and extensive buildings which are in process of erection. We may mention however, the monster Storehouse which is being erected by Carrington and Pardee, near the mouth of the river, and the new and extensive Flouring Mill, just completed by Ransom and Seely, which contains five run of stone, and also a number of other Flouring Mills going up under the direction of Charles McCully, Bunker & Co. Forward & Co., Merrick, Davis & Co., F. C. Mill& Co., as proprietors. Foundations are laid for others which will be completed this fall or during the winter. At work upon these immense structures are hundreds of mechanics and laborers, whose services are well rewarded. The Storehouse of Carrington & Pardee, is a curiosity. It is said to be the largest building of the kind in the United States, and we presume such is the case. More Flour will be manufactured at Oswego this season than ever before. With its immense and in exhaustible water power, that place is destined to become the great Flour Depot of the country.
The lumber trade of Oswego is rapidly increasing. The steam saw mills owned by our enterprising friend Capt.. Wicks, are turning out vast quantities of lumber, and, we doubt not, turning dollars in the pocket of the proprietor.
The citizens of Oswego naturally look to the completion of the Syracuse and Oswego Railroad as an event of importance to them. It will be the opening of a new and vigorous channel of trade and business, and add to the commercial facilities, as well as importance of the town. Among other improvements now in contemplation, is the erection of a new public house. This should be done. The Welland, by Capt. Stewart, is all that a house should be except in size. In this respect it is not inconvenient as yet; but it will be found so after the Railroad is in operation. We should be glad to see a new and elegant Public House erected there, and Capt. Steward at its head. It shouldn't be "any body else."