Hannibal journal. (Hannibal, Mo.) 1852-1853, 1852-11-11
$l,5O0,Oeo



interest
CASTE, ZOO
Leaving 81, 625, 600 to be made up by add
tional subscription in St. Louis, and by stock to
contractors (that so far has been 10 per csna,l
or by the credit Of the road, that wSuld dessh1-
less furnish it. 1
To secure the payment Of interest on State
credit, the road has only 10 ssrn about $50 Pw
mile. -.
The engineers estimate for earnings, @Pds
on apparently moderate data, 10 about Al eco
per IN lie. .......
SOUTHWEST HIssoURI RoAD.
Surprising this road 10 branch from the Pc,
cifc road about 40 miles FROM St. Louis, the die.
lance in branch will probably be about 900
miles. Estimating this at 23,eeo per mile,
would give 5000, 900 as cost. Il cannot 90
safely be said Of this route that it would be in
the start stock paying road, although perhaps
it would be more valuable than any other in de.
velOping the resources OF the State. With the
bonus of the land grant given to this route, il
may be called as safe for investment as any Of the
others. From St. Louis 10 the Gasconade riv-
er, following the ridge between the MerTimao
and Bourbeuse, the route would be through the
heart of a very rich mineral country, (iEon, lead
and copper and after reaching the eastern edge
Of Green county, from there 10 the west line Of
the State the country is rich, we'll wooded pee.
sessed of abundant water power, and competent
TO support dense population. Lead and coal
too is found in abundance. Already Green
county, shut out from market as it is, is second
in population and " ealth to but few counties in
the State. To this route would come al the
trade of Northwest Arkansas, and the ChsrO.
kee country, with its salt and csal.
The means for building this road may be sta
ted as follows:
County subscription from Franklin
$4,000; Crawford $50, 1000; Pu-
lask $4,000; Camden $25, 900; ''
Laclede $4,000; Dallas $685. go -
900: Wright $25,000; Green " ''".'
$780, 900; Lawrence 100000;
Jasper, Newton and Barry $780, e,
600. 3 100000
This route opening new section -
would draw subscriptions from
! the neghborng counties. which, '.o"' -
with the private subscriptions i'' r.
that can be obtained, would pro-
badly amount 10 s 400, 900
st. Louis city, county, and private, s 500 900
Credit of the State 100000 which
| deducting 10 per cent. interest,
would yield & $50, 900
Between 100000 and ] 10000 -
acres of land, say worth $2500 900
? $4,s5O 900
Leaving 10 make up BY stock of credit OF
r road about $l,750,O00. With the credit 10 the
stock of the bonus Of land this could easily Be
a procured when needed. To pay interest on
f State bonds, the road need only earn $500 per
E mile, -
e IRON MOUNTAIN ROAD.
Several routes for this road present them.
selves, and the selection Of either mist be gov
= erned by careful surveys. Il was stated before
d the Legislature that the late surveys show
practicable route, about 70 miles in length, and
4 costing about 81 100000. The immense min
o eral wealth of the country through which this
d road must pass, is worldwide known that il
n does not seem worth while to specify it for the
S purposes of this article. Its iron, lead copper,
kaolin, marble, granite pine timber, and fair
. proportion of arabic land, all warrant fair divi.
: dsnds. moderate estimate mad. by thu nsm.
Der from Washington county, (Mr. Johnssn) At
. the extra session, founded on the simple deysl.
Opment Of the works ALREADY IN ExIsrnEeD,
gave a dividend Of ten per cent. on d, $780,.
COO
J The means for building this read may Be sts.
n ted as follows:
. Subscription of counties and idiVidu.
E ais on line OF road say &45O, 600
st. Louis city, county, and individual 800, coo
( State credit $3.50, 600, deductinR Is
= per cent, 6s7, 200
OIL, Ss7 600
. Leaving emily S63, 900 10 be got sn eredit a
7 road. To pay interest on State bOAds the reed
. has only TO earn about $40 per mile. 49,,
summary OF these roads will show a. pro.
Jected for the State, independent Of the 81. j..
sePh railroad, 800 miles Of TailVoad ths o..
l 'imated cost Of which 10 l9,S5O,OOO, and thu
; means estimated, independent OF the credit q
and c0nsTse'aSs stock in eaeh Rad, ere Al4,-
: 5SIOOO. In this il 10 proposed that the SGuEa
should advance her credit %, $50, 600, which,
added to the credit already advanced to tn Pr
clhc road, and the st. Joseph and HaAAihal Esil-
road, loans the State credit for 81, $50 0O0 Sc
cured by mortgage of all the roads and slvanSsA
; dollar Tor dollar with the capital stOCkhoid-
i Two questions naturally present themselves;
let. Is it policy to commence all these roads
at once, or build the first and then another,
&c,e
I'd. Is there any danger to the credit Of the
state by advancing il for all Of these main lines
Of the Statep
A few brief remarks as to these two points
will not be ont of place here.
i An examination Of the estimates given above
viii show that, with tho exception Of the State
credit, the means for constructing each road
come from that particular road, and would not
IN any event be applied to the construction Of
either OF the others. II is true that St. Louis in.
IL nj a.