The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1854-10-14
From the Teyss State Gazette
Dependence upon Foreign Capital to make
our Internal Improvements

tefnal improvements OF ouT State. II has
evidently retarded improvement, and done
much to prevent the settlement, OF the Stat.
by substantial capitalists. We have pro.
'eoted as many miles of railroad AS almost
any State OF the Union. aud there /, scarce
" an exception to the general rule OF 81
pinely resting upon our oars for the agency
OF foreign capital 10 enter the State and do
the work The spirit hitherto manifested
viii never build a railroad Of any general
or permanent benefit to the State. Is there
singi. instance in Southern or Western
state. where we can find precedent for
this liue OF policyi The great railroad
State of Georgia constructed her railroads
mainly b, her own capital but look to the
/ population and area, aud where is there "A
State, with the sparse population of our
own. that successfully entered, at aav past
time of her history, upon the work OF inter
nal improvement with borrowod capi,aI ,
Indiana and Illinois attempted it, some 90
wears ago. and signallv tailed, leaving be,
hlnd the wrecks OF cmbankments half
thrown ~, grades and trussel work un,
tnished, and heavy state debt, to be en-.
tailed on poSicruy What then failed. has.
with population OF about fifty per cent.
greater. and a similar increase in the CAPT
tai Of country and cities, nov succeeded
We do not wish to experience the same
fate. And We now timely warn our people
that the slow, measured tread Of natural
aud permanent progress. is not the one we
have been attempting. aud that we MAY he
compen I, by the seyero,t lessons Of ad,
ver..t,, 20 learn what IL IS TO Ridc onr
time
We msei recoilec, that IN the West. ard
- 'he Older southern States, there is de
uand Tor capital quite as mraiag as our
avn. II anything should convince US OF
TINS fact. u would be the se-ult OF our
maerifrcm bonus tor foreign capital, offer
ed 10 the advertisement, of the q" State
thdrie"" ihi, offer OF iuclre hausand
acres nl the finest land, aud l,ipe h,naath
the tlrcsi sky in the Mon. ior each milo
81 railtotA constructed. was krnwu among
Tia, capitalists Of iandou. p.ui>. New fork.
Boston and Philadelphia. We dp not be.
lipyc there is mouird man ia the world,
accustomed To invest ~ the stncks Of the
| nited States. who was not posted cons
corning the 7icdHf0gsy ol unt otter. and
stl,l, magnificent, AID even prgRigGfe. rs
some journals have considered the bonus,
how many loans l,nm luteign capitalist,
w'rs negotiated. b. the meantime. hN the
people of tennessee, Mississippi, Illinois,
NJ lsronsin, Nicu'.ar, lndiauu. and severai
uthrf @ia''o 90. 'b.i- rl,lfnoti " "r"e
uusraiiug oar bids, we Witnessed the paluN
sequel of hnt one tangible offer Tor our
H.uHifrcW fortune aud this made by
icyns company. VITA only rWo genllomru
from other States N,s,ts Walker. King
y Go. Will, W. trust, succeed iu complying
with the tefms OF tn" charter, nud while
enrirlunl themselves the State VIII be still
more enriched b., the existence Of The oni,
real highway ia her limits. l. it not time,
then, that we shood give up the dsi"Sirc
dit1n OF accomplishing cyei Wiling through
the a,d OF foreign cdpaaii llere isaroad
running To the sea board, there is another
crossing to New ofleaus, and here again,
one to run to San Antonio, and who Is there
That has even contemplated the execution
ol these roads With !he expectation Of rely
ing FGmig ,pou our opa sogrces OF res
yenuef
But tive o,ti does moi cost here G'0fsly
deceived by the hal.uctnajion Of having
railroads ali over our laud 'uadt and con
siructed hy foreign capital, we quietly 81
down. and IS patriotic O. spectators. cal
eulate upon securing every possible advan
tsge that may accrue from them, be faising
in advance ,hr price Of our lands iar above
their actual value The picture need" 40
eolorinr Our railroads are nearly I'll in
fuiuro. but the prices OF lands around our
towns, and lots IN our cities, aud ON the
proposed iiHe OF routes. are a0r, N mary
cases, at prices which they will not bear,
even when. after fifteen or twenty years
hence, the roads may be In operation,
Many of our citizens have witnessed SIMILAR
facts in Alabama, Georgia aud other States.
And they haze Witnessed, too, instances
growing ont OF the sales Of property at
fictitious yalnr5. where the deln ted put,
cbsscfs have been sold ont two or hree
times afterwards. ty the sheriff to pay the
rIRsr cnsr OF ,heir foolish bs gains. Now,
ii We can be brought to cur senses and
made to see the evtreme folly al ibi'
suicidal career. we mas do more for rail-
roads in the next season. and following
,eats, hY the reduction ui uiooush'po rtiees
for lands, than all our air castle sche,nes oil
past wears arrayed together. They have
served no USEFUL PURPOSE, tut on 'he
other band have rather tended 10 rRfJu-
nrur public feeling agaius, the discussion
OF improvements most desirable to make"
What, now. for instance, is staer aud more
threadhare than RAILROAD srsrcu m
Texas Let any one attempt It, and every
other motive than patriotic one,-will he
Immediately imputed 10 the unlucby aspif'
ant.
The f,s, suggestion we should make, is
for andholdefs aud others 10 put their aads
into market and sell them at offering rates.
Give immigrants fair opportunity 10 rut'
chase ucar our settlements. towns aud cities,
without compelling them, by eStoft'ooais
mic.s. To 90 into the Wilderness TO seek
cheap homes !, is u singular fact, tha, a
dsy's ride brings US often from lauds near
A town. rated at $50 and $50 an acre, ,o
land eausli, a. good often bettcr--at :
an acre, aud sometimes fifty cents We
are led 30 these observations b, an ANXIOUS
desire To zee our conntry improved, ana
with much experience To prove that II never
can be done wlhou, population and capital
to back it. We have been attentive OBJ
servers for the last fifteen or twenty wears,