The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-12-16

point but might commerce any where south OF II 10 the
Saleibat policy give those who ale wiling 10 inves
capital chance to examine and satisfy themselves oil the
best stating pon, and route besides Will bti0g those
al the end Of Tweniy sections would
IN my judgment, afford ample Inducements 10 capitalists
take hold OF il; also adopt MI Poks maxim in refer
ence 10 the Mexican war, " indemnity Iof lhe pasl and
security for the future" We have largo public domain
oa hsss never made anything out OF e except as 70 ss
a good bargain. Laughter should be 10 iavof o.
requfinr he company 10 deposit a, least two hundred
thousand dollars in the treasury OF the State TO be ior
eited in certain length OF road was not finished
IN year, and forfeiture OF the charter and Inc ROAD
finished, and reieiing TO another company il certain
length OF The road should not be aished each succeed
ing year, uAlil the whole was hnshed These terms
would not be to bona hde Contractors VINO mad
the means and Intended in good faith to build the
road and not make speculation by the sale OF privileges
but would, in my Judgments, strengthen their credit
lere Gen Hnnt askedlhe speaker the privilege OF making
remark, which was not taken down by the reporter
All thai should desire from company would be such
ample security as TO the building OF the road with
good faith aud without any failure or delay.
As TO security, the only important object is, security
that thu road will be but. II is true that the company
will have 10 pay out great deal Of money but that the
road will pay, and pay we'll, when built there is not
doubt Ii their dividends should rse 10 twenty or thirty
per cent, would have no envions feelings Texas will
hundred per cent. [Applause No dare undertake
TO tell The advantages which would accree 10 Texas from
this road passing through her border. To build the road
through territory 500 miles will require S2o,0oo.Ooo ol
capital Now, II you bring $40 900 900 ot money into
the State. and commence al the Gull, and spend u in
building monuments or pyramids the simple expenditure
OF that amount OF money11Or labor will greatly beneh
the State; but how much greater the benefit ii thai
amount be spent in the construction Of works OF utility
there security that any road would be built The
land which could be bought for fifty cents per acre to-
day would, of it, run up TO 500 per acre. This in
in The value oil lands would not be confined 10 the
immediate vicinity OF The road, but extend to many miles
north and south OF IT, and in fact advance the price OF
land through the State you will find that the taxable
property OF The State will increase ia value beyond your
expectations; you will put yourselves III condition 10
appropriate largely for cducalon you will also place
yourselves in condition 10 aid branch roads The
responsibility rests upon ihis egctaGre about 10 con-
10 settle the question whelher We shall secure
or lose the route for this road. | know the building
of the road will advance Gty years in the .cale OF
prosperity. We are by no means sure Of obtaining
liz; there are rival routes, with powerful influences.
II has been pronounced by the administration 10 be q
military road for national defence this ronte be
showH TO be the best think the aid OF Congress can
be depended upon, and The State OF Feyas does her
duty shall have The satisfaction Of knowing that the
road is to be built through her territory. All other ques
lions sink into iasignhcance compared with this great
Postpone it for and il may be lost 10 US fer
II has been said that two roads would be built bat
give it again "a my opnon that will be many very
many long years. before another will be constructed la
national point Of view, this road is absolutely
say. IL will be the very best military security we could
oarr 10 odr Pacific coast Il would do more 10 develop
OF the United States, and advance her IN
wealth aud greatness, than any work OF the kind ever
projected II would be bond OF union against which
iacion and ianatcism nigh exhaust their venonous
ergirs in vain lis effects upon Texas in her march to
wealth. power, aud happiness what man bas sufficient
foresight 10 fairly estimate We nave l09,747 900 acres
of vacant domain Twenty sections to The mile through
the State would amount to 102io,00o acres. leaving
% 25o7 600 What could the len millions be cold
tor in the market Would il bring millions OF dol
lars am sure thai the road WAS finished
II would be worth than twenty millions OF dollars
but The labor and capital OF the builders OF The road
would give il lis increased value, and would add
told 10 the value OF the remaining % 600 900 oil
acres Texas has, in my opinion this vast prize within
her grasp. and fearful responsibility to poserily will
fall upon him who shall her to loee H. hope
nay fee sure-hat the honorable legislature about to
convene these halls will dsappoint the just expec-
aions OF their constituents nor incur reproach which
could not be botied out in all time to come.