The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1853-01-29

reutss thus AutbOTLfu "
= . reasonable time, the sats""ees
country would - ineslculshe NY
d ..s II the ls.t Legislature, donation OF
....,f ,r,jons If land OF GAO acres each IL
...... for every nile of railroad that may
,truc,pJ Ly These companies. hut MP
t. period, that liberal act Is imperative
al. ans of capital in the hands OF The
-.r lies for whose benefit It was IN
t0f
nc tho various plans discussed with
.t.., TO the accomplishment of ihs great
OIL two have been b'orch' nr"ninrn'ly
Zoo rnthe fhe .. IsioHn' .' 100"
ntrr. ~ I! sasa VI 4 pre-
..,.ia. 81 '"A
t., sn .p J..At i"m'lia
t... aonorabl- bodies In addition TO the
eiahi ssctions q: land per mile 1" he given,
ihs |rirnds OF thst mcasure propose /" ~,
rside - = permanent internal improvement,
iund, s,me two and half or three millions
-of dollars, TO be loaned 10 such railroad
,stnl sales ~ shsli within y reasonable
i,ms o,mplete given section Of road upon
any pfpj41~d routes. in Vnoun, not to ex'
cced $1,000 per mile. and like sum Tor
sach subsequent section thsi may 30 com
Ftiatrj, such companies mortgage u n" In
iplrft N the property of the io"'' the
State, and paving an interest Of five per
c.ni Per annnm, which interest Is 10 torn
gonp al education fund, This il 10 eifrc,
"a pr1position for tho State 20 set aside \
sps iie amount Of the money now 10 the
tvs
cnmppaies in sums equal to abont one
t0isd 4 the cost Of constructing the roads
. ui o. be loaned only "A the works prsgress.
lhr slate securing to herself Z lien upon
iis i gestmeuts male bv the stockholders.
aud upon the whole road for the ~ payment
cd to sums loaned.
f. aldision 20 this. the advocates Of this
mea.u-e propose 10 provide for such pros
pocns guarantees in regard To the landed
donations ~ will enable tho companies to
nHuci ste the use Of the lands as a meSns
~ occurring capital for the speedy com
plsf,ou OF the projected works. They also
uirao.a that each county aud town ~ the
riate ball be At liberty. by popular vote.
g. 'aA cribs in thei! corporate capacity Tor
enic,n 40 IA they shall elect. the amount
,la. cid by each inhahltant to become
- .rh ce,,iRca.e; the whole system To be
s.uu ed hy an enactment Of the Legisa
to the people. for their approval or rrjec'
ton.
This cursory view Of the general propo'
sitions contained in the plan referred to, IL
Is believed. sufficiently embraces H. It,
advocates urge viii zeal that the system.
II adopted. would speedily facilitate the
construction Of several useful e"terprises.
That the State would lie secure ~ lr~r loans,
% the individual Investments would pre-
cluds Improbable routes or specula'ions
that tho land donations would greatly en-.
hsnce the residas i~it to the sta,s--shat
the completion Of valuable improvements
would increase the wealth of the country.
and add TO its substantial taxable property
and that upon the return of the fund TO
the Treasury, it coald ngain DO invested in
other works until every portion OF the
State would derive an equal share Of it.
benefits.
The other plan. and the only one to
which I shall al!ude At present, was origi'
nslly presented by the recommendation N
= convention held II Galveston. and 10 per.
haps familiar to moss .: you. This plan
eon,ernpla.ss scheme OF internal improve.
ments 10 b- taken and conducted wholly
bv tho State. These Improvements. il Is
intended, shall supssssds the individual ell
tsrpris<s already authorized. 10 raise tbs
necessary funds, II 10 proposed that the
State should hcsrow the capita! upon the
faith Of tue pablo credit. 4 constitutional
pronibisi0n, Il 10 admitted hy the irie.ds OF
the meaaurs. stands In the way Of this nm.
dertaking and h il therefore. proposed by
them that tho constitutional restriction be
1 removed by submitting = proposition to til.
people to this end, snd II effected, it il in.
sisted that the State credit would more Ger.
ssinly rsiss the capital than any individual
security.
| am not prepared to say that 4 change
Of The constitution in THE respect would bs
either wiss or s~lutaty in The present a.ti.
tnde Of err State atrairA. % Inhibition
against issning the credit at Ne State. wal
Intended, end think wisely %, tn avoid
ts embarrassment into which the Nepuh.
c n Texas and maay Of Ne States Of the
in.oa lad fxlisn. Wishsst sash sshibition.
comhin.,l,ns ~ basay legislation might
Odd to ; b impso,,dsu; uses nf STATE
credit as vuNii involve difficulties reqoifinr
yerrs to- lf nossi ard although y
night scsm 20 4sg.a : tst.psrA., !asvol..
70 ise prosperity Of me county. yet wosld
ssli ultimately 10 10 pvostsation Of ito
sits sue power
eNi.s EQUALS doubts ~ the pro.
pne, Ile Ats engaging h works Of
Intern. 'p svsassus, q III eselssion Il
all indiv, ! satsspsise. Experience has
a I'm That gessssmsats ~ higher Tor
public works or sspPliss tAsa lsdividsals
engaged h siniilsr undertakings. aud there
i. generally speaking, snseh lees dispatch
10 shsi, pfesecusipn. II capital INVESTED
by tadis.dusls prompts shsm % sssrey and
sconauy, while public agents have rot ~
seus< lncsptses OF p-rsonsl III u q
nxxA TIER 70 either tho ont ~ ~ oshss.
aseurrsd 70 the Exc a.ivs, thal
- Il, In fact, shat The s.seaA ~
Maiscs to constitutional os,jse.
100 no appropriation can ~
ut Internal inirroyemens
lid tpas t~o y,an II lei
n1>nA no s,,eh eshsti,u.
ssgsrd, spptopri-