The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1851-02-15

! N4NHpH tHc buttCtlOn WIS Idthfs NoW, Nv IVY
Judgment, those men Of millions did not send Ar
Rantoul here without knowing full well that he
was capable uf driving good bargain, and feel
Inundated when think how little credit hc is
giving Us Cor either sagacity or integrity. How
much more would It conport with the dignity OF
state such as Illinois should be--bow much bet
ter would II comport with the character Of heI
Legislature, who have been supposedin many pla
ce- 10 have been selected with somewhat mere
than ordinary attention to their taelt- and ca
pactty-how much more would 1t be IN character
and keeping of business men, If We would kindly
leave this Robert Rantou IT,, 20 his own quiet
meditailons, and slt down As sensible men, and
determine for ourselves what we ought to dC
with this land and this rail road and Il We con
elnde to give 1t TO n company, then TO conclude
how much power to give such company, and on
what terms II Is proper to give them the csarter
and wh.n this i done, We may very properly
present il to Mr Rantoul for his acceptance. j
he informs US that he docs not consider our ofFel
an inducemcnL We should readily reply to hlrr
Mr.. Rantoul tins Is what we can do, ii it does
not compensate yuu for your care and capital, dC
not, cir, tax YOUR beneyOlencc on our account The
markets Of the world are open to us--Wc know
The value oi our property and our local position
/ !id- Is the way business men deal with each 9th
| cr, and this IL the way We must deal with these
eastern capitalists But if by our acts or our Ian
guagc we say to Mr. Rantoul that we are at his
mercy, what terms must We expect The amend
mcnt proposed, contains terms which think the
state can grant with reasonable safety, if She con.
cludes to take the fearful leap and | think it
contains about all she can grant, without putting
her hand in the lions mouth.
With this view. commend it to the serou.
consideration Of this house. 1t has been the sub
icct Of all the anxious care and thought that
could spare from tue other duties here since
the report Of the Internal improvement Commit
tee, yet have not the vanity, by any means, tc
suppose it is perfect 1t Is thrown in hpIe, ~ a.
yodug some Of the objections which addre.,
themselves to my mind so fOrcibly IN the Old bill
and if this amendment shall but pass the way fu
others, and shall eventually lead to such plan
as will be consistent with the Interests uf the
state, shall be richly repaid my toll
There is one other objection to the biil as re-
ported, to which | will Gludc, and have done
II is the duration Of the existence of this corpo
ration. The committee seem to have supposed
that they had reserved sufficient restraint upon
the company and benefit to the public, by proyd
ing that the tolls should always be so reduced
that the profits Of the company should not exceed
twelve per cent Among the mul,iErous propo
sitons tciore a committee in its hurried action
upon 50 important measure, it is not Il matter
Of wonder that some Of their recommendations
should be formed upon mistaken premises. lhl,
! regard as one most emphatcllly. In the first
place, experience has aheady proved that very
little legislation l. necessary 10 keep down the
tolls Of these companies, who have To compete
with all the vNrou, channels of commerce aud .
reasonably low rate oftoNs by increasing the lu.
siness, makes bstter returns than higher rate.
But ifit were not SO, what does the state get
from this road 1t Is proposed by the bill 10
give her seven per cent Of tie gross proceeds
Now is not apparent, that the more the company
makes the more The state makes and when it Is
considered that these freghts are, great MAORI.
ity of them, paid by other states who send their
commerce through this channel, It will he seen
that this provision does not by any means operate
so benehcially US To repay the weighty and IN.
surmountable objections against giving this com
pany charter forever. ST. Ofall created things,
this is the only one that never dies Men rise
from youth to manhood. flourish few brief
months, and the grave opens to receive them
You write their names np"n marble block, and
endeayor to give perprtul'y to their names but
the irosts Of winter aud the rains ofsImmer moul.
der down the block-a new generation has aris
cn that has forgotten what name was on the mar.
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