, 1859-12-07
Missouri EluAnceH,

{Ffura tie Missouri Republican,
Ths Pacific IL asoad 'sst cSmRnn} ha hanN hazs a
to the Southwest Branch Of that road. The ia~
terest thus due is seventy Thousand dollars.
This beng deducted, it will lceve the State to
provide for about four hundred and forty five
thousand dollars Of interest due in JANUARY
next. In takinG this course, the road was gov
eTncd by desire to nvoid any difficulty in re-
gard to the Southwest Branch. One provision
Il law now in force il, shnt if the company
shall at any time make default in the payment
Of interest on the bonds issued for the South
west Branch road, then, and without any other
proceeding, the lands given to that road revert
10 the State. Looking to the best interests Of
the road, it was deemed advisable to avoid any
such result, and provision has been made for,
the interest. The two roads-the kansas aud
the Southwest Branch Of the Pacsic-thereforc
remain intact, and cannot be divided. We may
perhaps b excused for making suggestion or
two TO the Legislature. The great difficulty
which the roads haye had to encounter consists
in the fuctthat large portion Of tue did granted
to them at each session has been absorbed in
the payment Of interest. Bonds hare neces-
sarily 10 be sold for this purpose. And to tdis
extent the means Of the road have been diverted
from the work of construction. Now, what is
the condition of the roads uud the treasury?
Only four millions Of dollars in bonds Gail be
appropriated in MD Of the roads but il this sunl
should nc gwen 10 LQcn1 lAls1t AHluuHk Will
still be required TO par interest, and the roads
will not be completed. II, however, they can
be relieved from tho payment Of the interest
next rear, they will not only be able to com-
plcte the roads, provided a judicious distribu-
lion of the remaining bonds is made, but they
will be ready 10 meet the interest due after
January, 1861. We learn from semi official
source that there will be paid into the treasury
from the revenue Of 1859 the mill tax, and the
amount receivable from the United States. Tho
sum Of one million fre hundred and eighty
thousand dollars. Out Of this sum the regular
appropriation for the Common School Fund is
two hundred thousand dollars, and the estimate
for the ordinary expenses Of government, three
hundred thousand dollars, leaving balance in
the treasury for the wants Of 1860 Of one million
eighty thousand dollars
This sum will meet all the interest which may
be called for in July, Of next year. and in Janu-
ary, 1861; and if the money should be thus ap-
propria'ed no doubt can exist Of the ability Of
The companies to complete their roads with the
bonds ret subject to appropriation by the Leg
is1nture. This being the case, the representa-
tires Of the people OF Missouri ought not to hes.
itate about Relieving the several roads from the
payment Of interest for the next year, leaying
to the companies all power to make use Of the
aid given to them 10 complete their several
roads.
The following is OF interest to the holders Of
Missouri bonds and investors generally:
From a statement published On the 18th
July last. under the hand Of our State Auditor,
we take the annexed table: