Western union. (City of Hannibal, Mo.) 1850-1851, 1850-12-26
x953,537 70
Making

~
and it was right and proper she should do
so; for, although The divIvdcnds 10 these
funds have neither been regular nor in full
yet il they had not been in the Bank, no
man could now tell where TO find them; But
they were 50 invested, and all the stock,
and the State should be bound for their
safety. We find then that the State holds
in its own right but little over quarter OF
IL million S272,2U3 %. But the LhHi-
genccr says iurthcr: "Let it remain at its
present amount, and then authorize the
private subscriptions TO be increased, until
they amount 10 twu and Il hal! million, this
with the miIIiou Owned by the State.
would give w IA Cd, .ita ui three ann II nah
millions, wiIch JudIciousiy managed
would prove .: IncaCulaD.c value IN los
terinc the conlneice and building up the
manufactures Oi the Stale" Let Us eNa-
nine this proposition moment. The IL
mount Of the present taxable Property,
real and persona! in the city OF ST. Louis,
is perhaps $3O,UOU.OJ0. On this her lcvie,
with that OF the State, is about as much as
the people can bear: they wan, facilities 10
enable them to pay it. But they have. al.
ready projected three Raw 49, connect
NV WIZ. n ,-, IN Guy: ono g lie western Dor.
,Isrs of the State via Jefferson City, which
| $50 eo,r Cu,vvo,ooo, ,''S ~ IUnutct win
Cincinnati, TO cost st. Louis, il made, not
less than T3. UO0,O 900; and one 10 st. Charles
to cost u half million (b5UO,OOO) making
nine and hail millions, T9,5UO,UUO) All
this in addition /" the necessary capital tor
her commerce. business which must in
cIude al least one.hali q, Missouri, Iowa,
Wisconsin and Illinois We beg our read
ers not TO be astonished al these figures;
ior nearly all the lead, lumber, wheat and
flour OF those States are exported through
81. Louis, aud on facilities furnished there.
1t may also he remembered here, that eX.
cepl Missouri, none OF the above named
States lave Banks. 1t may also DC remark
ed IN tina, conueXion, that the paper OF Il
sOGnd Bank, with sufficient Capital would
supply those States with their paper circu.
latlOu.
But 10 return. ST. Louis is but little
more than one.iilth of the State, and other
sections require some facilities.
Our own city is but Of second or third
class, in the Stale--and the commerce here
required for the expectation OF the products
of the field is near half million Il year.
The Hemp, Tobacco, Pork and Beef crop
all come oil together, and at the same sea-
son. What is the amount required TO ex-
port those crops, annually, out Ut ST. Louis!
We have no data to answe: {; but We may
we'll suppo.e,at least, hall the sum required
in 81. Louis, on those products ot Missouri.
But other InrlionS OF tie State desire to
build Railroads, Mills aud Manufactures
they are entitled, too, to the like aid and
facilities which ST. Loui must hare.
We think wiln the MtcHigcnccr and other
papers, tina, our Banking capital ought
I, be increased; aad that some radical
change ought to be made, as well in the
government, as in the amount of capital.
The capital shouId be greatly enlarged, to
foster the commerce, build up the manu-
tacturc>, and develop the resources Of
the State.