The true Democrat., 1856-12-30

nd m them, and having no data of the amour
 Il tho territorv embraced, much is of necessity left to coniecture; and whatever may be the
 difference in our opinions upon the probable
 .,,ounts would say that the adoption of oul
 all nroduce no misfortune to the State
 xr if we shall mderrate the amount sold, (ao
 ,.o we shall, by reasoning from the premises
 ,dor,ate the advantages to be derived, aud if
 l. .u oyarrate the amount and the roads art
 k,;t bv the passage of the bill, (which buil
 !. ,, can and will be if passed,) then will tho
 s,ots have reaped all the advantages claimed
 o.rtaip to accrue from its passage, with ano.
 sk., advantage, though disconnected with tn e
 I.Dds under consideration. and of no present nsterial interest to the companies, yet should h an important consideration to the State. and we beg you to keep constantly in view this hct that upon three of these roads, that one- 1elfof the unappropriated lands which are not Ramp belong to the general government, three Hths of which mostly belong to the lowest
 lures in the graduation law On the other
 rec very important lines, nearly every acre 1et included in the swamp land grant will be 9mbject to the graduation. law, most of which "a it is presumed approximating it's minimum
 andard; and from the passage of this bill will e immediately taken up, and will in this way Epeatly accelerate the prosperity of the State
 the same ratio of swamp land of equal fer dlity except the prices paid to the leyee fund
 With this explanation we shall proceed upon the assumption that upon the lines of alternate 6eetons, We shall get the tenth acre, or three s>eti ms per mile of road on an aggregate dis 1. t6boe Of 94i miles, which will give the State v prces as fixed in this bill, perpetual and rliable fund of 1872, 4s0 dollars stock in the re ls, which at ten per cent. the dividend an- q pated by your honorable body. as shown by 0#f proviso of a tax upon the net proceeds ef reaching that rate, which would give to tts State an annual fund of over $ls,724 and et al iu value Co the interest on the sale of 7Af3 920 acres under the old scrip system, as VI Ell prove below in our next analysis- Al We a-sume that the passage of this act w.il u inspire public confidence to the early compile txn of our roads, as to bring 10 our State a Iree an punt oC population and wealth seek ias a ricn soil and of easy and certain access 70 choica Of markets, wi;l create an immediate deanaud and sale of all the alternate reserved spiions, which would thus absorb large amount of outstanding scrip-or provide a esh fund of about $93G,240 equal in value for levee purposes to 3,744, 9G4 acres under the oa scrip system, as admitted by its friends to heainavalablc for levee purposes at more than n.s cents on the dollar. Taking fifty cents per acre ss the nominal amount which the State won't rsceiye under the old system, but intrin- sics lly worth but half that amount, it is easy ts De seen that with land at fifty cents per acre, and scrip fifty cents in the dollar, the lands will beworth but one-fourth as much as that sold by the provisions of this bill, then divide the amount secured to the State by the bill, by the price realized by the old system it will be seen that it would pay for as much leveeing as 7409, e20 acres under the old system, add the cash value of the alternate sections at fifty cents per acre, making half as much more and would be equal in its effects to II ,234, ,8S4 acres under the old system, an amount far greater than the most sanguine friends of this magnificent don ation ever dreamed of receiving
 If we are mistaken in our views, why has scrip gone up since the agitation and passage of the House bill, from sixty to ninety cents on the dollar? And if, under the old system, obiga- tons based upon its transactions conf ned to limits no less than the State, with right to locate it upon land needing no reclamation and npoint of fertility second to none under hea- ven, could not be made available in contracts at more than fifty cents on the dollar, does it not raise very strong presumption that the old system was radically defective? And without impugning the wisdom or motive of those who may differ with us in opinion, and as citizens fetling deep and abiding interest in the pros nrity and happiness of every portion of the State, we trust we may receive and enjoy the sane exemption to ours.
 Having shown as we trust the indirect value of the grant ss would necessarily follow the mssage of the bill, and the double price of those sold by the bill as perpetual fund, we vii triedy notice it's anticipated results upon af revenue of the State, in accelerating the Walement of our State, and we consider it a vasv s4 f. ,u.rp,nt;nr tba. thu ear4oip ,,roSpact d the early completion of these roads will in sue the taking up under the gradu on law, thfee times as much land as provided for in this Mil. which upon our assumption for the alter nat sections of the graduation law would com- tn d make seven millions, five hundred and tigl ty-uiue thousand, nine hundred and twen- Y scres, and which, at the lowest rate allowed ty law. would give you an increased value to yopr taxable property of S22 ,469, ,760, and if we take into consideration the increased value given those already taken up, and reckon the persousl property at the same value which it has hitherto borne, we shall have an immedi- ate increase in our taxable property equal to
 
 liperty of the entire State; because the great . stinulus will be given to the producing class, [ "the bone and sinew of onr government" who vii flock to our State to avail themselves of the 7 ga aduation law in a country whose 1oise hg,sla- ho had amply provided the means to insure the cl<ap and oeytatn transportation of the rich pro. d11cts of her soil bv the time they could open hffns to produce it. an amount both in numbers and wealth, far exceeding the calculation as- mned
 s Having estimated the advantages contem-
 Ated to follow the passage of the bill in its mmediate effects upon property of the State, kt us see its advantages upon its completion; @e distance of the contemplated lines being Sk miles, and the limits of the bill, fifteen mlles each side, would give an area in the ter upry assumed of lS,l24, 800 acres, but small