The Cedar County advertiser. [volume] (Tipton, Iowa) 1853-1856, 1854-09-02
The Grant Scheme Of Modern Times---ia En-.
piPr given TO a Railroad Company.

ktNcu W WuUIVW0 VVMY0uys
A few DAYS ago Mr.. Robt J. Walker.
late Secretary of the Treasury, passed
through our city on his way to Texas,
bearing with him one million OF dollars
of Texa. bonds valued. according to the
Teas graduation, at $500, 900. This sum
is to be deposited with the Governor ot
Texas, in behalf Of the Great Pacific
Railroad. Of which Mr. Walker Is a stock
holdey TO the amount of tea millions. and
various other citizens including the Rev.
Counselor joel G.. Sever, late Of tais
city, whose stock amounts to tie modest
sum of $500 00D Are owners 10 i'm nensa
amounts.
Now, cxtravagant as this whole scheme
has seemed, Mr.. Walker, by his address,
skill aud management, and without the
violation Of any law or other improprietv.
has placed i, in a train which promises
the most magnificent results. The State
| Texas, ia a moment of matGess and fol-
| ly imp tralleled in the annals OF legisla-
tive insanity passed law donating 20
sections OF land per mile to any compa-
ny which shall build road across us ter
ritory. near the parallel Of thlrty.two. on
the simple condition that said company
shall commence the road by the 18th OF
August, and shall dcposi,e $500 900 in
the State Treasury, which the company
can draw out as soon As II lnishes the
first fifty miles oi the road That then the
first fity miles OF the completed road
shall be pledged for the completion Of the
remainder.
On these simple conditions, this com.
, pany will receive scrip which takes pref
erence OF all others, for twenty sections
Of laud per mile, for over ten millions Of
acres ot land, the average value OF which,
; we understand, Will be nearly il no. quite
+, one hundred millions OF dollars. Now
the highest e,imatc oi the COST OF road.
from the Mississippi to the Rio Grands
has never exceeded tweuty millions III
the building of which this company VII
: receive land worth one hundred millions
:, Bu, this is no, all There was an old
Q charter in Texas. creating the company
= called the FL Paso and Vic sburg road
r TO which had been previously granted SIX
- teen sections per mile; and this conpa
1t nv having been fully organized. and no
n being able to sell its stock, entered int
=, negotiations with Chaiield, Walker
:. predecessor in the grand Pacific, ALA
Moonshinc road, to dispose OF Its char
l. ter. Pending the negotiations, some lie
gal gentlemen o, Texas. who happene
a. 10 hear OF the maltes. called on the pres
~ iden, OF the company, and asked ho'
much of the stock was unsubscrlbed, an
were informed .aat there were twent
le millions. they Immediately entere
~ their names for that balance; aud whe
.r Mr. Cnatiield came to close his purchase
:, they required him to pay cloo Ooo ie
their stock. THIS was the single adva'
10 taee gained by Texas Throughout 'ae e
" tire negotiation. All the rest We consl'
he er displays the most eAtA.ofdtnafy IN !
n ualion OH the part OF the people ot IL
as, TO say nothing of the responsibility II
9 CURED by the leading managers OF tt
o' affair, who represented the Interests
as the State and were bound TO Psulec, II.
fh The Noonshne road Obtained the a
IN, di,lonal sixteen sections per mile belon
Ia inc /, the FL Paso Rold, and # they Z
h., from Gov. Pease, OF which there IS iitt
-, doubt, the latter gran, OF the twenty *
=, sections, all that will be Necessary TO e
D ioy the rights wii be to build a doubt
lse track railro,d. Thereupon thus comp
nv, started upon moonshine, Will be !
owners of the larges, capital ever b.
a'a by corporation, aud the people el fe
es, as vili have sold their birttrtgat for y
lil- than mess OF poaage. Walker md
,oa.n.nloas are blametess III the matt,
Taey respond TO he invitation from
her State. aad though there Is not a cent
tep their stock taken la Texas. they 'o'
'old with the cash. and a regiment OF contra
y tors and worknen, who have airea
commenced work in Eastern Texas, co
plying fully with the conditions, press
bed.
General Rusk, the Senator from Il
say as gives his full sanction to the sehef
Il and SO do Gov. Pease aud the leglsialu
and as they appear to acquesce IN II,
cannot see tia, any body else has mi
cause OF complaint, however great II
i"tu be Their aslouishMent IN some part
our country, in regard to railroads
) ioi reckless Appropriation 0. tie pubic
rud- maia.-.N q. Delta.