New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-03-09

we have not done any fuch tninG lne country sri ="
nations besides "a the world and the rest OF man
kind--I think the phrase shave had notice that We
were going TO arrest colonization in the Bay l.and.i
and the country has learned understand the Senate
and Congress Of the United States and they understand
that when very great noise Is made il apt 70 be iol
lowed by conclusion not at all adequate 10 the commo-
ZION Of the air which preceded. SO, 1 say thst the
country taken by surprise BY this measures all the
persons engaged IN this branch OF industry are 20 DC
taken by surprise
But again. do we suppose that disturb 30 great
an interest this, and leave other interests unsectedi
am sure that am liberal to the new States az any
one but gentlemen of the old States that this y
the beginning Of system which is pursued 70 result
relatively in depopua ing the old States, 20 deprive
them Of their capital and industry and build up the IN
termediste and Western communities at their expense
IL viii discharge do not know how many thousands OF
the manufacturers Of Peunsy wanna and Maryland, and
what viii they doi Where viii they got WI theJ
stay in Pennsylvania to I'll he rugged surface oil me
mountain. wnen they excluded from the mines Tnicn
lie benestn that surfscei No. Sir They muf 20 west
10 make railroads and dig for gold IN California; ani
VIXEN they have gone, their places val not De suPpeo
The foreign laborer comes here snd he only touches
the gste and then marches on 20 make railroads. and 70
dig gold the shore OF the Pacific; snd when The ior'
eign and dOmesti: laborer and TIER capital nas DC "a
PUT in notion making railroads and digging sotd 10 Ca
forrA the farmers follow thef AMI the prices OF asr
cultural productions diminish. You build up the West
TO tn unnatural growth. Every vote which have gwen
here upon Western interests mas shown thai mas ueen
given upon the principle OF encouraging the speeIs.
poesnle settlement OF the Crest Western domain AZ
every hazard and cost, common 70 the waoe country,
not pI. judicial 20 sny one part But tnc gro" desuF
be ts II t. must be one that Is regulated N ha'mony
with the Interests Of the Atlantic states ana X u certain
that iust 40 sure az you stimulate u an excessive ana
more rapid growth by Affecting the vlgor OF the oa
Strtes just that growth becomes sicky and N
result not only IN decline o. the East out also II iec1e
Of the West and ID rOughout the nanjn. Inc Alannc
Stses the base upon which we must erect ms great
supersiructure OF Europe IN the Wet We must MAKE
the base hTm Solid broad, perpetual, we "oad nave
astructure which shall be eniur.Dg.
ask now what Is the apology tor this extraordinary
measure Il is that Il Will encourage the MAKING OF
Railroads. Sir, have spent my lie whai taefe nLs
been Of il spent in public action. In enco1fag ns '1e
making Of Canals and Railroads lam iien1 70 Canis
and Railroads but show my fidelity u thsn Ia amer,
ing 10 them when they urPopuiA! AID need heP an
suIport and patronage and when they have prol-
age 60 great az 10 be alarming for It's eject not only upon
enteTrTIes Of that class but upon the country let DO
you know how rnaLy RairoaIs yon are mtN.ps lou
are mrkng IL coo miles OF Railroads ID the hteu oli'es
already Ycu are king them 90 fast that you DO 40,
rely upon your resources for making them az al
but yCu selling the credit OF individuals, towns
Counties and Siates Throughout the Union IN untold
amounts and continuing an aggregate deot sFca1ei
/ than any amount which any man ever pfeslmel
II would be for this country to owe 10 coan'
tries Your Railroads not now male emery oy 'uo-
ecripors TO their stock. There are email suOtTaFlin
ns then mortgages the Road then second
moriesces then third mortgages, uafl the creIt ot
whole communities Is pledged, and pledsed 70 -A5u'h
Wo are pledged in London for the co,t Of nearly all
our Railroads. Our capital i being divtftAt - tat
there psce in the United States where tlcTc y not
/ a Railroad being maze.
Thee are aEeady half a dozen railroads from the
point Of Lake Ede TO the City Of New ORR, al con
yergiug there, beeagse railroads have become popular
ana profitable So il is throughout New England ana
throughout the West Now II Is hot possible That TIC
raroId Enterprise 10 this country can absorb capital IN
an excessive degree without producing On jury aot on
" 70 that enterprise and those ubserent 10 X but also
IN furious to other enterprises which nclease the vi5or
and promote the progress Of the county. Does any
man doubtii WHIST did we do ten years ago WHOM We
embarked in building canals and railroads so deeply ana
pledged our credit far that the construction OF every
canal and railroad had 20 be suspended w "a. nap
pened in England Ike occasion, bat that great
rsirc ed King projected railroads all the lsnd aud
go much capital invested in them tbat all al onee
the bubble was prieked, and the whole railroad enter
prize collapsed bringing on general stagnG1on anu
bankruptcy That i the tendency oil things mere nov.
nm not by habit CROKER but can see ina. unless
the National Government shall act to restrain ra
er than encourage and stimulate tnis excessive spirit OF
speculation Ia railroad investments just such collapse
will hapTen here Railroads don't need prntccu0n
Iron Manufacture does Feed H. There scarcely town
in the State Of Ohio containing 500 souls bu. what
pledged mortgsged for ten, twenty, thy OF iOfy ti9a
fnpd dollars for money make airOads. Througntl
In which live and the towns aijacen', the pe1.
Pile carried away by railroad ENTHUSIASM have applet
to the Legislature for permission b m1rfs'ge tisir
whole property for the making OF railroads and yc-
there Il not one railroad witch they thus Akn- ia
which foreign capitalist will invest dollar, except h
has collateral personal public security But you will
tell me that Congress hss not encouraged ra.roa IL.
Congress has already encouraged railroads by dola-
tons Of duties foreign railroad iron exceeding the
sum Of S30OO0OO. Congress has already, with almost
an unanimous vote in tins chamber, gwen to every
Western State land enough from the public domains
much a. they ssid was necessary-to construct web
Of railroads now in progress and advancing TO its CON:
plti H. erng the whole Of the territories OF
Ia. United from the shores Of the Atlantic 20 the
Mississippi River and crossing over from that point
ard advancing precisely upon the same system sud
same policy toward the base of the Rocky Nountaias.
W. b6ye done enough unloss we have some other re-
} sources some other revenues which W. can appytO
tbs great and benchcet enierprise OF the age AMI 40
La,o 10 other if tie emily Oher che S the sacrifice o.
tie mining interest OF the iron in TIE old Atlantic Sttes
sir have voted land by the squarc league across the
continent ard twenty millions Of dollars cut OF the pub-
lie Tr,ssury Tor rslr, adj. wll no; vote on dollar
oui Of tie Iron hines Oi ny c0lnEy at 4c cost Of ~
owner and OF the miner WHO : ssgei IN DRAWN rs
I wealth T. tie surface.