The Kansas herald of freedom., 1858-11-20
For ns Aersld Of Frssdon.
The Way 10 Go, Money 70 Build Railroads, &c.
SUMNER TOWNSHIP. K. IT,
Nov 1oth ,EQ


rhs Way TO Get Money 70 Build Railroads, &c.
SUMNER TOWNSHIP, K. To-
Nov. 18th, '58.
The present mode of raising money to
build Railroads and all kinds Of, public
works, has done great injury to this coun-
try. 1 have wondered much that Amer
leans were 50 foolish as to exhaust their
country of her hard money and property
so terribly. There is not a country on
earth that possesses better material re-
sources than America, and she is able to
carry on her public Improvements to any
extent, even if she hasn't a single cent of
hard money to begin with. 1t is stated
that the Illinois Central Railroad has cost
about $27, SOC, 900, and that about the
third part of it belongs to Europeans; that
it is about the same with the greatest part
of Railroads in the United States, and
that there is much of our Railway Bonds
sent to the British market monthly. The
late panic has greatly hindered the pro-
gress of such improvements in our coun-
try, and think that we can't expect them
to prosper well under the present system,
Notwithstanding the millions Of acres of
Congress lands they get to help them on.
This bad system is also the cause of hav-
ing to buy so mich iron from foreign
countries; it is not because they sell
theirs so very much cheaper than our
manufacturers, but because the foreign
manufacturer being rich, is able to take our,
Railway bonds for pay, while ours can
afford to take nothing but money; 50
there are thousands of dollars in specie
sent annually to foreign countries to pay
interest on these bonds. Now just think
of all the foreign shareholders drawing
their annual income, and all the interest
paid by us on bonds; all this money is
spent there, while, if we could manage
eur own affairs, we might keep it here
and have it spent here. do not know
whether the plan that shall propose, was
ever tried or not. I never heard of any
such. honestly believe it is far better
one than the present system; as to its
principle, it may be called Jefersonian.
without offending any political party |;
and it is genuine squatter sovereignty
system; it does not give any undue ad-
vantage to any /; but the worst thing
against its success is, that it goes right
against the wealthy spectators, but it
might be of incalculsble benefit to this
country. 1t would also leave all the pub
lie lands for the poor. The Railway lands
are too dear for them to buy. This is
my position, supposiLg q line of Railroad
be projected:
/. Let it be advertised in all the news.
papers along such line.
Q. Call meetings in every county inter
ested, or adjoining such road or line, to
induce all the land owners on both sides
Of the line for ten miles, more or less, as
they may be disposed, to become share
holders in such road.
8. Let the officers be elected in said
meetings, in each county, of the very best
men they can have.
4. Let every owner Of land who wishes
to become shareholder, dsposite mort
gage on his land according to the valua
ton of it by the officers of said road.
5. When they get q sufficient amour
in mortgages to build part Of the road
SO as to connect any two points Of som
{ Importance, let them apply to the Legis
/ lature for charter for Railroad, and
Bank for the same then issue out pa
3 per currency to carry on the work, and t
buy the iron, &C., and buy it Of the Amer
: lean iron manufacturers.
, 6. Let the lands that the Railroad pass
es through, be valued according to tn
, effect of such convenience on lands gen
orally.
z. Let nothing be appraised or mort
gagged but the surface of the land, which
cannot be removed, consumed by fire, no
exhausted; city and town lots will an
swer as well.
8. Let nothing that is subject to insur
> ance, be appraised.
8. Let the time to redeem such cur
rency, be established, say fourteen t
: twenty years after the road is completed
10. The company should not be boun'
}, 70 redeem any more Of the currency tha
the amount of interest received annual,
from the road, until the appointed time
as stated above.
II. Let all such mortgages, in connec
i ton with the charter, be registered in tn
: county whore they lay, by the public re
corder.
IL. The lands will be sufficient securi
ty 10 the public for the currency, unit
Z they are all redeemed, and none Of
: should be redeemed without giving eigh
; teen months notice of the same.
Q 10. The owner of such lands shall los
u his interest in the road on the sale of hi
: land, the right to be conveyed to the buy
l. or, from the fact that the interest is il
8 separable from the lands.
!. Il. All the currency 90 redeemed
q should be burnt up at the annual meetin
of the Board Of Directors, in the present
n of Government office, and Is many
b the shareholders as may be present,
prevent all dishonesty.
REMARKS AND EXPLANATIONS.
/. 1t is generally admitted that ii
land owners are most benefited BY Raj
Z. roads, of any class of men; but it seen