Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1852-06-17
The Land Grants.

The Land Grants.
What is the value of this grant to the
two rail roads of Missouri? We calculate
for the Pacific road merely. The length of
the road through the State by the route
which may be required by sound policy to be
taken to make the grant most profitable, will
be, say 3l9 miles. Alternate sections Of
six miles width on each side of the road arc
equal to continuous body Of six miles
depth on one side OF the road. This will
give ,9l4 sections of land (640 acres cach,)
equal to 1925, $40 acres. The land is
worth
At 81 % per acre, 81 .53l 200.
At 81 90 per acre, S3,062,400.
At 50 90 per acre. S6.l24, 500.
We think that as the land will only be sold
as the road progresses through it and en-
hances its value, we may fairly calculate
that it viii average So per acre. What
land we fail TO get alongside portions of tho
road where all has previously been sold or
settled upon we hope very nearly to make
up by selections within the breadth OF thirlv
miles allowed us where public lands ore
abundant.
What a noble bounty is this that has
crowned our efforts: and what commanding
position it gives to Missouri among the
most tlourishing sisters ofthc confederacv,
A word Of commendation will not be re-
garded as amiss. We think, in this conncc-
ton, bestowed on the gentlemen who have
50 far directed the fortunes Of the Pacific
Rail Road lis management has heen mas
tcrly. Foy the first. the pioneer enterprise
. n Of
/ expected that some blunder. some reverse,
some disappointment would be met with
and some bacH-sct eXperisnced. But it has
not been SO. From the granting of the
/ charter, every step has been onward. Du-
ring period Of universal doubt, and scme
downright sidicue, the Company was organ
lied and tie stock secured, and the aid Of
the States credit obtained. in season of
uneXampled pressure the work was begun.
and pushed forward with nerve and conf =
dcnce. With city bonds dropping in the
market. and State bonds not known at all
in the financial world. and serious misun-
derstandngs between some Of the largest
stockholders, il required more than or
dlnary clear head and firm heart and hope
tul spirit to carry on SO great work pros
pcrouSly. and, without ever blunder or i
balk. To overcome every difficulty, 70
carry ont everything successfully that was
attempted. 20 use, and yet, while using, TO
raise the credit OF the Company, of the CITY
and Of the State; and finally, 10 crown the
whole by presenting the work to its friends
the stockholders. progressing by most per-
feet system. and richly endowed BY the
General Government-to have done all this
Is triumph. perhaps, unparalleled in the
history OF similar enterprises in any coun-
try And we do know whereof we affirm
when we say how much of this triumph is
due 20 the sageciv. the prudence, and the
personal eXcrtions of THOMAS ALLEN.
His own private means. and those of JAMES
/, II. LrcAs, Esq, the Vice President, and
ever devoted friend OF the road, have more
than once. 10 our certain knowledge, save.
, the credit OF the con- pany and kept the work
in progress in early and dark davs, OF
E which, the public were, from motives Of
prudence, permitted to know nothing.
= We bear this voluntary and hearty tribute
, to him who merits it. Missouri will neve,
, sec the day rShcn she can afford to forge,
, the services Of one whose name is indisso.
$ lub'y connected with the Pacific Railroad as
its prime mover and unialtcring advocat,
aui friend.
Mr.. Allen has now the support of an all,
Directory. May they continue to worL
together in harmony, and build for them
a selves, III the Pacific Railroad. monument
/ noble and imperishable Their chief re
ward is already made sure OF in the appro
1 bation ard gratitude the city and Stale
!, ST. Louis News,