Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1856-01-10

over and above necessary expenses snd re-
pairsp do not believe il will. Nor do |
believe it can be completed on the terms pro-
posed. After deducting the accruing inter- !
est from the amount for which the bonds
are sold, there is no likelihood of sum sufi-
cient remaining to complete the road. What
then? shall be asked. Is the road to be
abandoned3 In reply, | say unhesitatingly,
il the real question is to be, whether the
people arete be taxed to complete the road,
or the latter is to be stopped, for the pres
ent at Jefferson City, the last alternative is
preferable: The people did not go into this
scheme, expecting to be taxed, -they have
given no indication since, Of their willing
ness TO bear this additional burthen--and
until they do, shall set my face against
any plans, the necessary results Of which
are to be an increase of taxes. 1t is our
plain duty to keep faith with them, and a
still palmer duty, when their burthens are
TO be increased, to do it without disguise or
circumlocution.
The South. western Branch Of the Pacific
Road is, according to the Committee, in the
following condition: The lands granted by
Congress are appropriated by act of Assem-
bly, to it exclusively. The whole number
Of acres is abou one million one hundred
and sixty thousa OF this quantity, two
thirds lie within six miles Of the road as
located. In addition to these lands, $780,
400 have already been subscribed by the
counties along the line and by individuals;
and the Contractors have agreed to subscribe
100000 more. Thersis no reason to be-
lieve that farther subscriptions will be re-
fused. In addition to all these resources,
thelaws, as they stand, authorize the issue
Of 81 10000 OF State bonds, to aid in its
construction. think we may set tie lands
down as of the value of So per acre. This
win amount to the sum OF $500, 000.-
The Committee give the estimate of cost,
I for the whole road, to the State line, at &c.
100000. The aggregate resources, il the
Company avais itself of the State bonds
provided for, will be $7,269,400. If the
Company is required to complete the road,
section by section, as it should be, there is
no need Of more resources at present, much
less is there any need Of involving the peo-
pie in serious liabilities without consulting
them. Nor can l see why the road should
be entirely completed to the State line al
present.
The estimated cost Of the construction o
the Hannibal and St. Joseph Railroad, as
furnished the Committee, and including
rolling stock and equipments, and ever,
thing needlul to complete the road, and pu
it in the best possible running condition, il
$6,628, 100. To meet this expenditure
the Company has the following resources
First, over 900, GOO acres ofland, valued b!
the Committee at $40 per acre, making TIT
sum of upwards of 100000; Second, ;
loan Of State bonds under existing act, t
the amount of 81 800, 600; and, Third, coun
ty and individual subscriptions to the amount
of 81 ,o97 500, making an aggregate of 49,
597, 500. Can it be said, that this road i,
in so bad q condition that it must stop
without immediate additional aid from the
State? Can it be said, that new and untriet
experiments must be resorted TO, in pre-.
ference to appealing to the people?
The estimated cost Of the North Missouri
Road, as given to the Committee, is as fol
lows:
St. Louis to ST. Charles.... 1874, go;
st. Charles TO junction of Hannibal and
st. Joseph Road ...... .......... ,144, 10.
From Hannibal and ST. Joseph Road TO
State line .','. ....'... ....'. 3,17S Dol
Cost Of whole Road ..... ....... SS,107 BAT
The resources of the Company are, al
present, two millions of State bonds already
provided for, and individual and county
subscriptions TO the amount Of So, l46, 100
making an aggregate of $4,l46, 100. Thi:
sum, with very little additional State aid
if judicioasly managed, ought to complete
the road TO the junction with the Hanniba
and ST. Joseph Road, and that is as much a,
there is any real need to do at this time
There is no excuse for such haste, let the
people have time to think; and let those
who are capable, have time to investigate
and suggest appropriate legislative action.
The estimated cost of the Iron Mountain
Road, including road-bed, rails, depots, ma.
chine shops, rolling stock and equipments
Office expenses, fencing, laud damages
bridges, and interest on securities, is $4,.
088, 076. The resources are-in incividu.
al subscriptions, $36s,3oo; in city ant
county subscriptions, $l,l2500O; and il
State credit already granted, 81 100000
making an aggregate of $2,99S, 300. Thii
road has less resources than any of tn,
others, save the main trunk of the Pacific