The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-04-28

WEDNESDAY, APRIL %, 1858.
The asan 8lll aan the Effects Of It's sGccess.
The success Of he Five Million Loan Bill was
FAR ahead Of Interpretation Of most sanguine friends,
it VAS next o being unanimous, and would be so sus.
tanned if submitted again. Its effect has been Of .
cheering nature, and hope and confidence sre beginning
to Gre all hearts. Even the few who opposed it are
f.io 70 a4Init that its 6rst effect. will be to cot in motion
tho langtdfd energies Of business, aud introduce capital
here. In this admission is conceded all that WAS
claimed, which was denied by the opponents Of the
Ian before the election. A few still persist that the
Railroad companies never intended and never will make
! the roads, and that the money will be swindled out Of
The people. But the extravaganza and contradictory
uAtsse Of the opposition to the Loan, proved it to be Of
. narrow and contracted spirit, which can conceive of
$40 impulse to affect the heart of man but blind selfish
psss. Even if the companies were all combined to de-
fraud the government, they would still rqnire the con-
nivancs of the Governor and the other leading officials
of the State to abet them in such robbery. and only q
small portion could then be taken in periods Of months
intervening; this is hardly a s~upposable case.
If the Y -rious companies proceed IN a straightfor-
ward course, the amounts of the loan they are to get
will enable them to go on at once and make contracts
for certain portions Of the road and once begun the means
to continue them will rapidly Cow in from the sales of
their lands, which will be eagerly snapped up at from
five to twenty dollars an acre such at any rate has
s~asenA hs case on the Illinois Central and other land
grant roads. In the report Of the former road, made
this spring, the price Of their lands has averaged twelve
dollars and a Lalf an acre, and they have literally
pecpled . district with wealthy and thriving farmers,
which was almost unmarketable at any price before the
reads were begun. One fact Herewith IS significant,
aud that is the statement that the local trade, which
the road itself has created, will, in q few years, entirely
pay the expenses Of that road.
If the companies which control the roads in this State
should allow themselves to be tempted by the insight
6cant amount that they might secure by suborning the
Government and enticing their own members to commit
30 f~agiticus an act as that Of nisusing the means
just placed at their disposal, a powerful influence would
instantly be brought to bear that would forever crush
9 them. The wealth, intelligence, and influence in every
class, are deeply interested in the immediate construc-
ton of the roads every heart is alive to the Importance
of these works, and the effect of this influence is now
g such, that the road companies feel it as a power that
would be dangerous to tri6c With. 1t is producing a
d, ~salutary effect, in urging on the companies to keep up
4 with their expectations, even now, and it will continue
Ia 70 foll"w and coerce them, if necessary, until the last
tie is laid, the last rail fastened, and the moving train
shall be laundering across our prairies. Deviate they
c.nnot-dare not. Their own interests, comprehending
: the honor and pride that is go dear to man and the mil
lions Of wealth that is attached to the muni6cent be.
: quest Of land in their hands, will bind them close to
. faithful performance of their contracts. If not, the
tear of the universal execration and loathing that must
follow tb. m and tmbitter the days of every soul con-
! uected there with, would certainly make them hesitate
: before they should dare abuse the confidence just reposed
: in them. ,.g .r.w 9&t.a 3sn -
G Already the tidings have been heralded from many
G points that the hopes of the people are being consum
: mated. Orders for the immediate commencement Of
!, seperal # the roads have emanated from II cir Boards
# Directors railroad contractors of national fame are
II. fl ring :heir services, and expressing their readiness
49, to as., me obligations to enter Instantly upon the work.
furnishing their own capital, and accepting the bonds
# tie S.asc fer ls,ment. The manufacturing estab-
ltEnsehts that are to supply the new class OF imple-
- nuepts that will DC required to construct the rnads, art
being put under way, and e~migrants are icing drawn
hither BY the important revolution soon TO be wrought
upon the affairs of this young hut great State within a
fv. years 49,.
showing still greater progress than We have alluded to-
az We make allowance for the sanguine nature OF men,
I've have confined our s%tatements.t to facts for which
We have the names and dates. OF this, however, all
viii 81 on be aware, az the work goes brsvely en-. W.
have confident hopes that in its beneficial tendency the
: moet exubt rant fancy has not exceeded the results the
immediate commencement Of our railroads will have on
the growth and greatness Of our beloved State.
@ -s- tf.
Western Banklng.
John Thompson. the we'll known broker, thus speaks