The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-03-18
Massachusetts, and Nesc York.

canals having been previously dug directly
by the States, and the cities taking care Of
railroad enterprises. But We find that Mas.
sachusetts has loaned the public credit to
railroad companies to the amount Of So
O49, $50, and will doubtless aid the Hosoac
tunnel to the same extent and the Audi
tor reports that there is no probability that
the State will lose the first dollar. New
York also loaned 100000 to the Erie
railroad and had ample securities therefor,
which were voluntarily relinquished.
3. MdrWand.
This State was unfortunate in its works
of canal construction; but lis incidental aid
to railroads has been well applied. The
Governor, in late message, mentions that
the issue of State bonds in favor of the Bal.
timore and Ohio railroad company has been
! S3200,000 and adds that the interest has
been fully paid by the company The
State is a stakeholder in this company TO
the amount Of Sl,2i5,000, receiving salts
factory dividends, and an additional sum OF
I S,j,03S for one fifth of the passenger re-
ceipts on the Washington branch Mary
land has also loaned State crcdi, to rail
road not vet cnnstsuc,ci--N Northern Cen.
trail, projected TO sudbury, in northern Penn
sylyania TO the amount of 81 100000 and
the Governor also acknowledges the regular
payment Of interest on this amount
t. |0g,ma, South Carolina, and Geo,-
ga.
These States have made direct provision
for railroad construction aud in this respect
their experience is not so fully in point as
other Southern States. SO far IA they have
taken the attitude of creditor loaning
credit to railroad companies, but not under
taking construction we are informed by u
gentlemen from one OF those States that taxa.
tion has never been found necessary. South
Carolina has thereby encouraged all her vari-
Gus lines each, in turn receiving the aid
of State credit to the amount five millions
while the city of Charleston has contributed
to the construction of a road in Tennessee
with view.to secure connection with the
Mississippi river at Memphis.
B. Fioyula and Aiabama.
Newspaper paragraphs indicate that both
these States, on the basis Of Congressional
Land Grants have adopted the loan policy,
with view of expeditiDg the construction
Of their roads but. in the absence of doc,l-
mentary evidence, we refrain from particu.
lars.
6. 7enneses,
Tennessee is a remarkable example of the
beneficial effect of liberal policy in aid of
railroad construction. Every citizen Of the
West will recollcct, when Tennessee lands
were worse than useless to their holders
and the State was as unattractiye to the
emigrant, as North Carona--indecd. hold.
ing relation TO the Western States, quite
similar to that OF North Carolina 10 the
Southern Sea-board States In 1853. an
Act for the Encouragement OF Internal I'm
proyemcn's was passed. By its provisions, as
explained in letter Of JANIS T.. LYTrRg,L
Comptroller, dated May 80, 1857, the State
takes no stock in the roads, but loans its
credit 10 the shape OF bonds upon the graded
road-bed, az Is proposed to he done berc.-
The whole amount OF state aid pledged is
Sly,O3G,0OO. of which about $4,000 900
has been granted, Comptroller LgrrRgLL
enumerates the Companies with their respect
i've liabilities and remarks that not single
road has yet become a defaul,er but all
have uniformly pail their interest and with
great promptness. do not believe (lle ada
that any Of the roads now finished or in
course OF construction, will ever become
cbargcable 10 the state, and thereby affect
its credit" iIc proceeds TO enumerate The
beneficial results 70 the public, stating that
between 1854 and sc the incrcase Of taxa
BILE property was 3d. 100000; and that for
1851, the total increase would be fully $40
! 100000. With the construction IL G3C
miles Of road, emigration has been drawn
into Tennessee. and, at this moment, there is
no morc prosperous South Western State.
Let It be remembered, also, tina, these lines
OF road have no grants of land the Scnr-
ties held by the State are by no means equal
to those required from the Minnesota Com
Taniss. What can he added to the irr,sis,a
be force Of the Tennessee example,
:. N,ssstr,.
Here Is State, which, as formidable RI
val for the emigration 10 tho w.. ,l,u.,~x,.