The Panola Miss. lynx. (Panola, Mi. [i.e. Miss.]) 1846-1846, 1846-04-18

greater claims than aay other work.
That even If it was not the feeling Of
the State, her interest would call upon
her for the assistance} an interest that
would strike every legislator whether
he comes from The borders Of the Gulf
of Mexico, or the line of the road.
The resources he pointed out for the
cost Of the work were, the private Sob
scription Of stock on the part ofcitizens,
and land spectators who hold lands n
this & Coahomo counties--loans to be
effected among Eastern Capi'alists-the
investment Of money in slaves TO be sold
afterwards for the benefit of the stock
t,olders-the incentive 10 men Of small
resources TO take stock in tiee provis-
ion Of the charters, allowing STOCK 10 be
paid up in Iabor--the assistance to lie
had from The State.
He contended that the deViden&s
would amply justify the investment of
capital in stock That on account Of
the extraordinary cheapness orlhe road,
| even a small business would create hea-
w dividends-upwards of forty thous-
and bales OF cotton, annually 60 down
the Tallahatchie river This we could
appropriate solely TO dividends, allow
ing back freight, and passengers TO keep
the road in repair. But even if the d.
yIdends were naughr, the planters, he
commended would loose nothing, on ac-
count of the Enhanced value Of their pro
Perty, 1t is commercial activity that
gives value, and readiness of sale TO
property, and there can be- iittle com
mercial activity where there are i'm
perfect mades of transit and transporta-
lioa.
lie then noticed the fuc 'ua,ing pri-
ces oil our s'aple cottoE--showed the ne
cessity of the planters berg able to take
advantage Of these fluctuations. That
he cannot'do this unless he has com.
mand Of the whole cotton market of The
season. That on account of our river
navigation, he has the command Of only
two OF three Anonlhs Of the season. If
cotton happens 10 be upn those months.
he does well, if otherwise he looses in
proportion 10 the extent of his crop.
He concluded by disclaiuing the idea
ofany opposition, TO the Improvement
OF the river navigation. That he wanted
the two works to go hand in hand, and
was willing 10 expend his best energies
in favor of the one as well as che other
But contended that no improvement in
the river could be made that would SUI
perSede the necessity OF some such
work as the one he advocated. To
render an effeclual improvement Of the
river, it would be necessary to have an
annual appropriation Of money for that
purpose, or clear off The timber from
the banks along is whole course, fol-
lowing its tortious windings in all the
counties it runs through.
After Mr.. Vance had concluded, Mr..
Oyertoa rose and addressed the meet
ing.
Hc was satisfied when the PROPOSE
ton for a railroad from Pamela to Del
ia, was first made, that the project was
lmpracticaele. He came TO this con-
cluslon, for several reasons-frst, be-
cause other sections Of country, having
greater resources on which &c rely, Tor
the support Of such roads, have tried he
experiment and failed, and he knew oil
nothing connected with North Missis.
sipP'. that would make it an exception
to such failure. Secondly, ccinpari.
son ofthe necessary expense ola rail-
road, upon the cheapest plan, with the
highest estimate Of the amount Of prc
duce, and travel to pass over it, show.
that such road would not only be un
profitable, but constant drain upon the
purses oil stock holders. And thirdly
however desirable such public worl
might be for general convenience. CAPT
iaIIsts are rarely so public spirited, a.
10 lnvest money in an undertaking 70,
the general welfare, without a proba
blIlty that such investment, will be pro
htaele to themselves, and with all III,
arguments and appeals we could use
subscription for the stock would be GU
of the question.
but 1t was proposed by some. to bull
upon the plan of an ordinary railroad
and substitute wooden, for iron rails
IAe difference however, in the expens