The importance of this Bridge in its far-reaching effects at once entices and baffles the imagination. At either end of the Bridge lies a great city – cities full of vigorous life. The activities and the energies of each flow over into the other. The electric current has conveyed unchecked between the two the interchanging thoughts, but the rapid river has ever bidden halt to the foot of man. It is as though the population of these cities had been brought down to the river-side, year after year, there to be taught patience; and as though, in this Bridge, after these many years, patience had had her perfect work. The ardent merchant, the busy lawyer, the impatient traveler – all, without distinction and without exception – at the river have been told to wait. No one can compute the loss of time ensuing daily from delays at the ferries to the multitudes crossing the stream. And time is not only money – it is opportunity. Brooklyn becomes available, henceforth, as a place of residence to thousands, to whom the ability to reach their places of business without interruption from fog and ice is of paramount importance. To all Brooklyn's present citizens a distinct boon is given.

—Opening Ceremonies of the
New York and Brooklyn Bridge,
Seth Low

Write an objective summary of this excerpt from Seth Low’s speech.