Wisconsin herald, and Grant County advertiser. [volume] (Lancaster, Wis.) 1844-1845, 1845-08-02

uncertainty so B'co', DC 'no idhoS e'ei poinS
sold for sum sufficient to repay principal and
interest Of the cost Of constructing The road.
They will not embark in scheme of such
magnitude, unless they can look through il,
and see their money with interest returning.
According to Whiney's plan, the gran, OF land
/ will contain, in acres. 92,000,000
Deduct for the 900 miles beyond
the Missouri, as entirely value
less, 34,560,000
Leaving balance of different quail --
tiles of 57,440,000
From this deduct l as rough and
mashy.
Leaving a. dry and level land. acres, 43,OsO 900
Deduct also for the quantity of land
! in the immense prarics, remote
| from timber as to be incapable of
! settlement,
Leaving as saleabe land, acres, 3e,3lO,OOO
Which, at $500 per acre, will
amount to S64,620,000
From which deduct salaries of
Twelve agents for 90 years, to sell
the same, at $500 each per annum, $4,000
Deduct interest of 65 millions dol
! lars nj say 3 pr. cent. on an aver
! age for 20 years, S39,000,OOO
Leaving al the end Of 90 years, but S25,42s, 900
I TO refund the Of tho road being S65,0OO,o 900
So that the land fails of being sutii-
Gent to accomplish the work by
some 100000
Judging from the character of the country
through which this road Is 10 pass, can but
think my calculations are very nearly correct /;
and am consequently convinced tina, The road
cannot be constructed by means of gran, of
public lands. and the whoie road giren up 10
the Government us soon completed.
The only feasible plan by which this great
object can be accomplished. BY means Of
gran, of public land, and the one on which
propose 10 have il done, is. that Congress shall
grant strip Of land thirty miles wide the
whole length Of the road, and when CON-
peted the road shall be owned jointly and
equally by the Government and the builders.
by this means the necessary capital could be
raised to carry the work on, Independent of an
immediate sale of the lands, The capitalist
having an inducement to invest his money, by
being assured tina, it would be paid back, prin-
cipal and interest.
The grant Of thirty miles will include all
The lands, which would be materially en-
HANGED in value 5y the construction of the
road, and could be put down at l6.l55,000
acres, at an average price of three dollars per
acre, which would produce S4s.465.0oo.-
The expense of selling the lands is lessened
by that service being performed by he agents,
which the company must necessarily employ
10 attend 10 their interests on the road when 10
operation.
The income from the lands and the road,
when in operation. could not fail 10 make the
stock valuable.
When we contemplate the numerous works
of American enterprise, that have. and are con. |
,inually sprnging into existence, etfecling The
improvement Of our social condition, and the
elevation Of our national character, we are
forced to the conclusion that no earthly under /
taking is, with us, impossible.
That par, of the road from the Lake 10 the
Mississippi, when completed. will be KEEP, in
cOoslsn, operation, not only in the transporta-
ton Of materials for the extension of The work
westward, bu, all the commercial intercourse ,
between the eastern States and large portion
OF The Mississippi valley would be turned upon
II at once. The immense tide of emigration
from the European countries and the easrern
States. to the inviting West, will ,hrong the
road as far as completed, and thus will the
giant Of land be filled up with settlers and
Improvements with rapidly unequslled only
by the speed of the car.
Emigran,s viii ffud immediate employment,
in the construction Of the road, which in turn
will afford market for The produce of The
farmer cities and towns will spring uP at
every favorable point, and there will be such
a io'ren, Of immigration. and such an advance
Of eivilEasiOn, as is uneqealIsd 10 the annals
Of history. IRA b. BRUNSON.
Prsirie do Chen, W. T.. Jolly IS, ls45.
u There are more post Offices within ihir-