Wisconsin tribune. (Mineral Point, Wis.) 1847-1854, 1853-01-20

Else- Tue sentiment OF TINS State UPON the
important propositions there pending, up
on subject Of 50 much coacern 10 the
State
By the construction of the Milwaukee
and Mississippi Railroad thus far, and
the surveys and estimates of the routes
# other reads, it has been made apparent
that Railroads can be constituted In this
State, at an average cost. Of from ten to
eighteen thousand dollars per mile. This
considered IN connection with the fact.
that these road when completed in almost
any direction, viii pass through a rich az
rieultural country and aecomodate all
the leading interest of our people, must
induce their early completion, and very
soon secure % Us, abundant facilities Of
/ this method of carriage and commnica-
ton
It may be safely assumed, that capital
employed ia Railroads within this State,
XII yield = higher ser cent. Of profit up
81 the investment than can be realized
from similar investments a. the East
where the average cost of construction
) fully three times as great even though
Il Be admitted, that our roads may do less
business.
Upon the principle that CAP ital IS most
likely % be employed, where ii will return
the largest profit, We may be encouraged
10 hope. that the means will not long be
wanting to build cur roads already pro-
lected. II they can be regarded as at all
feasible with rcspecl to location and points
Of termination.
To the farmer next in impoI lance TO re-
aafr F.-ll - - 2, -
labor and his toll Is the facility with wh oh
the products Of his hgsbandry can reach
the best aud the most ready market. And
il acquires 40 argument to show, that TO
the farmers of this State the facility is
greatly needed
Oar lands are very productive, with but
little cost or labor and when the freight
upon the transportation Of our products.
to an eastern market, shall become redo-
ccd by tue increasing patronage and COM
petition Of the various railroads and other
means Of carriage, they viii be nearly, if
not fully equal. at least IN actual value TO
the producer. TO the lands of New York
and New England although thsir price IN
market, may be mach less
Il may therefore, well be expected, that
our citizens viii feel deep interest in the
railroad enterprises Of the State, that pro-
mise 50 much for the common benefit
IN Indication highly favorable to our
future pros perity, consists, IN the great
aud increasing interest taken By our peo-
pie Ia agriculture, Much has already been
dome yet still more remains to be done BY
Us. In testing the qualities of our soil and
its adaptation to the different variety Of
II e
much information and interchange Of ex-
perience, in relation TO this, To US, most
Important branch of industry, cannot well
T. circulated. As leading means of i'm
proyement. State and County Agriculru-
raj Societies have been formed and thus
far, have been followed by encouraging re
suits
The two State Fairs. the first held at
GAINESVILLE, and the last at A1ilwa lkee. were
successful and gratifying experiments. and
~ earnest Of the fusure usefulness of the
parent Society
The General Banking Law passed at
your last Session. and submitte5 to a vote
OF the people, at the recent general cleo
tion. has been ratified by a very large ma
jurIty. aud i, therefore, now IL full force
aud effect
Although not entirely free from imper-
fectiors. it is believed to be a good and safe
law and VIII If reasonably construed, and
properly carried into effect, fully answer
the purposes designed
1t cannot be disguised, however. that no
law. authorizing and regulating the bust
ness Of banking with the most stringent
safeguards aud restrictions, can be entire
Is proof against these abuses, which are
prompted by that irordinate love of gain
that would seek 10 take more than was in
tended 10 be given, coHstrue q favorable
franchise. into liceEsci wrong, and abuse
4 generous privilege by the practice Of a
fraud. It was intended by this law, to
have the cEtiae circulation Of the banks,
that E.ight be organized under it, secured
BY and based upon actuTl deposited cap
ital. And If this wise intention can be
carried into effect. il will doubtless bring
large amounts Of foreign capital into the
State, and give us the benefit OF its circu-
latIon, without risk or hazard.
But if this law Is to be so perverted
from its legitimate object and obvious
design. as TO be the. means, through the
banks, Of It's creatioG. to throw broad cast
over the State, doubtful or irresponsi-
be currency. of Indefinite amount. under
the seeming guize of a faithful adherance
to its provisions, then, indeed, viii that,
we fain hoped would be benefit, surely
prove our ruin,
1t Is not, however, BY any means 70 be
presumed, that either many. or indeed any,
banking associations of this character. or
doing this whence to the law, VIII be or
ganized But it IS she part Of wisdom to
foresce the evil and guard against it, rath-
er than it should Gene upon US By sur
prise. One thing Is certain: We shall
never have coed and responsible curren-
~ iu this State, until that which IS irres-
p0usible. and based upon no tangible Sc
curity, IS disc0uuteuauced and driven a
way Actual capital cannot very well
compete against unlimited credit nor will
prudent men deposit valuable ard ample
securities, 10 procure a circulation Of an
equal amount, while other men may reap