Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1857-10-29

but this, feel assured, will be but tempo
rary. 1t has its origin in that bane Of our
commercial system, overtrading, and must
soon pass of, because we have in our midst
abundant capital, and the crops have never
been better. Whilst it lasts, however, we
cannot be toe cautious or prompt in our
measures for the protection of the credit Of
the state, by the passage Of such laws as
will satisfy The world of our ability and in
tention faithfully to meet the accruing in
terests upon our bonds, loands TO the differ
eht railroad companies, in the event that
any of thom should Iail 10 SO.
have no fears that the Genaral Assem-.
bly, will fail TO act promptly and efficiently
in matter of SO much importance in its eff
feet upon the honor and credit of the state
Missouri can be just TO her creditors, in
any contingency which many occur, and
less the burden OF taxation than she would
Invested of her railroads and the benefits,
already derived from The present and pros
pective advantages Of them, and relieved
from the debt incurred in their construction.
The wealth of the state, TO day, exceeds by
more than one hundred millions Of dollars
what it would have been il our railroads
had not been projected and their construc-
ton in progress. 1t is known that lands
are valuable according TO their proximity
TO market, or to cheap facilities for get
ting its products TO market. An illustra-
tion is not needed to impress this fact upon
the mind. We have now nearly three hun
bred miles of railroad in operation, and the
respect Of that distance being doubled in
very short time, the grading being nearly
done, and large portion of the iron on hand
and ready to lay down. These facilities and
prospects have caused rapid increase of
population, bringing Herewith a large
amount of personal wealth, and an equally
rapid enhancement in the value of property.
Enterprise has been stimulated, industry
encouraged, spirit of emulation, excited,
advances in intelligence and refinement
promoted, the demand Tor the public lands
in our state increased, thus Fastening the
day when they will be subject 10 taxation,
and made to yield a revenue to our state
treasury. These fasts need only to be sug-
gested, to be seen and acknowledged. Our
railroad enterprises have indeed inaugural
ted new era in Missouri-have added to
our business energies momentum which
will augment until our state has reached
that high destiny to which her ample re-
sources, central posiston and salnbrous
climate entitle her. 1t is koown to many of
our citizens, that lands which were recently
valued at so cts to $l.25 per acre, land which
had been in market many years, are now
selling at $40 to $50, land in some instances
at much higher rates. The assessed val
lation has increased in nearly the same
ratio, and the present revusion in monetery
affairs will contribute much to sustain prices
of lands here; for while it is gripping the
/ business energies of the older states, it
will increase the tide of emigration to Mis-
souri,, where homes can be obtained so
| cheaply. and where nature so generously
responds to, and rewards the tolls of the
! farmer.
We have seen the advantages that are
resulting, and 10 result, from the geologi-
cal survey of our state; that it has directed
public attention to our immense natural re-
sources, and it is attracting hither both
capital and labor; indeed, that it is making
ourselves acquainted with the resources Of
our state, Of which we before had no ade
quate conception,
need not say 10 you, that our various be-
nevolent institutions share largely in my
sympathies, and will command my easnes
attention. Their caprcity should be ude
quate to the necessities of our people. No
am I unmindrul of our educational Interests
and the high purposes our schools are in
tending TO subserve. I shall eveires; ready
to cooperate with you in all reascr,Sle eff
forts to secure 10 our common schct,, system
and to our higher educational in Titutions
a character second to that of no other stat
in the Union. Tie virtue, intelligence
and prosperity of o5' people depends upor
the character of ourt-chools, and the exten
sim of their bencftrto all classes,
Gentlemen of tht Senate and House o
Representatives. This is not the appropri
ate occasion in which to refer specially t.
the many objects Of legislation which ma.
require your attention; but should it becom
necessary, during the progress of the ses.
sion, to call your special attention to any
subject of public interest, will not fail +
do so; and with confident reliance upor
the protection of divine Providence, shall
most cheerfully and earnestly cooperate
with you in all efforts to promote the mani
fold interests Of our beloved State.