The daily union., 1852-03-17

in very singular manner He told you that the land on
the line OF the Illinois railroad worth $40 per acre
lie told you the, the received BY the government
from the sales OF land in Alabama and Mississippi was
Sloo0oo 900, when all know that II has mol amount
ed 10 much more Than $50, ,oO0,OOO lie calculated
The OF these roads, together with lhs engines and
cars 10 be pull upon them al Sl0 900 per mean amount
utterly insufficient 10 make railroad 10 any par o. ihe
$4,000 900. These seem 10 be among the objects al
which me honorable senator looked and certainly, ac
cording 10 my conception, they must have loomed up 10
his vision in most extraordinary manner He seemed
suppose thai there some actual, existing ne up
10 which given road might add value to the land. bu
that If you passed beyond that boundary, such effect
would be felt He spoke rs OF The Elk miles, and then
OF the fifteen miles but the honorable senator forgot
that great railroad becomes an artery and that not
only the lands along Il and near IT derive add.
tonal value from It's construction, but that this value
extends for great distance. IL is hard 10 teii how
far the benefits OF such road may reach Ii increases
the price OF land within great distance. Every ~
the West knows that perfectly well You might as well
attempt confne the value OF The Ohio river TO the
country within fifteen miles oil IL to limit the value OF
great railroad by such line There is no established
limitation. Il depends on the nature OF the country The
road may be iet for fifty miles may be felt for hun
dred miles; Tor II give TO the settlers within those
limits the means OF reaching market. which they would
otherwise have, and without which their produce
might roi upon their hands.
The error OF the honorable gentleman in relation to
another point is in losing sight OF this very consideration
that The value OF the land not consist in price ONLY
but in price and me You estimate land to. day at 81 25
an acre but il it remains for indefinite period unsod
that not lis present value, but it's value al the tme is
sold, as have already explained II you make an i'm
provemsnt running through IT, BY which II may be sold
within reasonable PERIOD you enhance its value You
raise the price by securing prompt payment instead OF
extending il over an uncertain period no one knows how
long The honorable entirely lost sight OF this
considerati
II understand the honorable gentleman, he objected
to OF these roads because the country through which
was 10 run was too much settled and he objected 10
the other because il was not settled enough Where the
medium 10 between TOO much and too ltlle be
precisely htted for road, he has not told should
II.
sderaon. and is tins That il the road passes through
country which good deal settled, and where much
OF the land has been sold, the less the grant which
made. This state OF things carries with s own cor
recive the whole country is unsettled the grant is
the larger, and the government will get larger value in
the rise OF lis property lis advantages are precise
ly In Proporon TO the amount OF land which holds
Why, we all knowthere is no here, and especially
no man from the West who does not know-that YOU
cannot road through any portion OF that country
which will not Immediately render the land valuable and
soon increase its value to considerable extent.
The honorable senator speaks OF OF the roads
ming through the heart OF unsettled country. That is
the very why ought TO make it, II we cannot
now sell the land we should. by making this road do
much towards selling it. And all experience shows that,
by the establishment OF these roads, the sale of the land
follows as necessarily as cause follows effect The hon
nois S27 900 600; the basis OF his calculation was
this he estimated the land at $40 rer and said that
we had given TO Illinois 0J0 acres and
this sum OF .o00 Now, this is most extra
ordinary calculation, and is in direct contradiction the
assumption already made by the honorable senator II
that road raises The value Of the land in Illinois $40
per acre. IL will be OF the best financial operations
that the government entered into. | defy you to
point instance where the Rothschlds or the Barngs
ever made better operations for you must recoec that
if Illinois gets 81 per acre for her lands we can also get
$40 per acre Tor the reserved lands along The line The
whole land granted and reserved is 3400 900 es
mating Its selling value al 81 per acre, and worth
that you gave Illinois 81 700 900, which has increased
10 SAT 900 000 and you have retained quantity OF land
N @ zoe o sas S sason winch worth The same @ amoon. Of
have thus made sal 600 600 for yourselves and have
besides that increased 10 the amount have stated the
property of OF the States OF the Union Garry out
all these projects, and 90 with the system hereafter
and like the touch OF Midas, you will turn TO gold your
whole national domain.
But he is entirely TO the basis OF his cacula
ton have caused estimate upon this subject TO be
prepared. will not read il but The result OF the cacu
ation Is this; that The average time within which this
very land has been in market twenty and du-
ring all that time has been liable purchase 81 IS per
acre, and left unsod. Now, by some mag zeal pro-
you have made that land, a:cording cacula-
uon OF The gentleman worth $40 per and yet he is
unwilling 10 transfer this operation TO other Saes where
i would be necessarily attended with the same result
But there has been such value given tot IL is
tire msapprebension II IS very easy 10 test The matter
The honorable gentleman has only propose that this
land shall be offered at public sae as suggested by the
senator from Missouri, Mr. GrYER,l and he com.
mand the real value OF the property That value will
then 20 to speculator. 1t will go TO the public
Will give YOU he vaue Of The Il b
genemans estimate is just IL will put il into your
ury the large sum | have mentioned. The experiment,
suit s confirmed, shall have a surcharged
uy; II II is not true the main principle OF his OBJ
jection to the bill is gone.
shall not pursue that branch OF the subject any
further. will merely remark that, with respect 10 these
particular roads IN Iowa. my personal knowledge Of
the route Is quite limited. | have through that
country, but IL long ago. Ii before the white
had established hm-ef there and more beautiful
country the shone upon.
Mr.. DODSE, OF Iowa IL is twenty. i've years ago,
cir, since you came in canoe along the Mississippi
saw you then
Mr.. CASS was there twice, and both times in that
aboriginal convey ance. There two roads running
neatly al right anges-one along the Mississippi, and
one penetrating west; both lead 10 your own lands
both will conduct settlers precisely where you wan,
them The running wesi will be OF great importance
10 you because IL connects itself with the Indian coun
try, where the operations Of settlement az well as OF
war, may require their Such the con nsderaons
connected with these Iowa roads independently of the
fnanc s results and OF the duty OF the government 10
take IN the projects OF improvement these road are
peculiarly important 10 you, for they open communica
lions with your vast domain beyond them
hope this bill will pass | hope so for the sake OF
my good friends from Iowa for doubt wbetspr they
have had one hall hours sound sleep since this bill has
been usder consideration must say, whether passes
or not that the State Of Iowa great deal the
exertions oil her two senaiors. have never seen in
my legislative experience subject OF this kind prose-
suten more earnestly, with zeal, energy. and TALENT
man nave been displayed by those in the prose
eution OF this bill All our associates In this chamber
can bear evidence to the truth Of this statement All have
seen with what and ability the bill has been
urSeo bow every fact connected WIN il has been LAID
before Us; and all know well az | do that moi one
instant OF time has been lost of any re-