, 1859-05-24

ever been planned and undertaken under mora
fsrcro,1, ousn;ccs than tli,-uone have been
.,anort.d hv :, ~ combinations Of material
supported " s'5oaSe. . ,..,- -
and moral strength, OF shared pofe ta1gey n
nnbl;o conf;daSee, eastAn. we'll, and yet, With
~ "a. H.. IL ,,or{ts md nrnnnertive wenitl,,
=" ~ .,.-'. -
there u, perh.ps, n ta's mosoeot' no one "oFe
powaraess in its present means Of EcooTefT
ara ,roorcs.
VI Inc numerous cHles upon Inc oahAs VI 'he
Mississippi above ST. Louis. Dubuque hns stood,
and sti.l stands. uuriya]led in all the Gle.
-.,..,, -, It'd, .ro,;.,-
'nSass "' HrApfe s'o"@ sao ou'S0'e p :.
She has glven largely Of her money and cfea't
to sustain this great commercial enterprise, and
fo,lcd unon its accon,,l;xhment as only need
49, ~ -,-....-ta.,.
-1a' % eeeote her eo"stfoeo "o' o4~
like SO many Other Of ths We stern roads, sne
has committed the fatal error Of attempting to
,onf;na hc co1tfo, ,,r ;ts roncx and measures.
,"-.-... -. .-,, ..;,.,. .-to dn
aho naaase"en', 10 oe' e"h sstt.en', "1' ~
influences Of their owp oyershadowing local
.., ;,1o.as,. uo-.;, liz, .hs secret If
a'o l'' '@Se 'A'e4s ssNa AAe.e'A ''.' s43'
the present prostitution and appateht ruin of the
undertaking. Nor can It be redeemed and rein.
rirorated snd brought into state of progress
until shall }lA F,1araI f1an hands and under
The indrnendrnt Central nnd, management Of
.ustcrn mcn. Of known financial ability, pru-
,},.pce and rnrr.v Win. standing between the
money borrower ind thc lender. and having no
motive Of pr;y;tt and local interest to advance,
would hare the confidence Of both.
Tic time has eyidentty passed by when the
CAPITALISTS Of the East and Of Europe will fur.
nish dollar iu money for any new road in the
West like this. whatever its merits, so long as
aud controlled by resident ind interested Off
cisls.- Ii is. indeed. absurd to expect it, Own
c-s Of lands and corner lots in the Vest, desire
first, and ubore all things. a railroad, as tie
ere1t meaus Of advancing their value and max
inr them productive, 'rhcy organize d COM
uany. rnnkc a fry suh4crintious amongst them
ee1yts rea1 or fictiti,us on which tas they say}
10 ,:,ake a basis for q mortgage bond security
,tnon 1he rnaI that i. 10 Re: aud ask Eastern
men to furnish money. and 1rt Item speud it in
their own way. knowinr full well that if the
road ii built no nattcr how, it will advance the
vatun of ,L.;- nroner.v whether the stock or
bonds arc good for ANYTHING or not. Indeed
tue value uf the security on which they raise
tic money. is of IN spccia] interest 10 then. !;
thev haze been careful 10 aroid personal respon.
,;bf,;ty. md are mi called smart if ,bcy can
mt make yustly more in hundlipg the moupy
aud directing 1Lc measures Of The company,
.ann ,hcir nwil subscriptions amount to.
N"w. this i, one If the roads which ought to
l., its past pru4l.ality aud corruptons, II .un i~
,uW, but not So long Is it il controlled by resi-
| d,nt directors. If sbey would hare thu work
ACCOMPLISHED. they must surrender It iuru other
hands no matter wLat their talents or their
virtues are. they arc too much surrounded BY
their own interests to command tie means Of
| ,oin,, il. II is Of vast and vital importance TO
Tie ci,;zen, Of Dutuouc. aad well NAV they lei
,heir mast trial suffice and retire upon the lau.
rels tbey have already won. and place the work
from liz local.t, and influence Of its past fol.
| Iirs. and M Li,,h ahoye The suspicion of local
| interest III TO command the put]ic confidence
and secure first iudicious adjustment Of prex.
cpt e.nbarrassnlents. and then tue means for III,
m economical but moderate progress Of the
work.
THIS road holds valuable Land Grant, be
sides haring a most commanding line through
uue of the most fertile States in the Union
which must concentrate upon it Il yast md pro
ftabe business from northern Iowa and Mime
snta' lor Duouqne ~ ana tneaso maTAet. e. tnes' ss
Giles are now WHOLLY e1clu1eu 'foih tne tfaot .
ot y !hfGe ro!t'on ~ tne 17ch COUNTY, 'utougi
winch II runs, anu esefy eltizen o' ootn Du
enYue ard Chicago VINO oesifes the prosPen19
anu "eltnre OF hls cry. shoa,a un.te VIM on
accord 10 great ehoft 10 place tnls "olk II
the hands Of financial business men, who's
character ana ihnuenee arc sucn ~ ~ syeu. !.
tns n;.s Sasarra The ntlsnn+ d;rsctor
ought to desire such change as here coutenl
nl:.}cd and every s,ockboIdeT. in proportion a
ne aeslfes tae necoup'!snrinsn. re. =. tne W.
xficl, i. ,he only condition unon which ther
rests vleam Of hone for the recovery and mo
rrc.s al tbr work. or even for sayinE and max
Inv available to its benefit. the million and
nnurter Of acres Of land donated by Congress
tnr ;ts use End construction. Ca1cA0o.
|