, 1860-04-02


The Chicngo lREss AND Tn1nrxr urccs tbe
public to DC on their guard against Missouri
bonts, and recommends that holders Of this
stock should sell without delay fur such prices
rs lucy naf he able to get; romaEking that the
State indebtedness incurred on account Of her
railroads, is already more than the State Of Nis.
sour1 can provide tor, aud that ahe is now about
to incrsasc it to the amount of seysral millions
more.
Thc PUBLIC spirit and judicious enterprise Of
Tue Sta.e Of Missouri, in projecting and susta;n-
ing hsf railroads.: hare won and deserved the
APPROPRIATION OF all intelligent men. TIE cost
involved in prosecuting this sy stem has in some
degree exceeded the estimate, a fact by n"
means unusual or alarming, and the necessity
for additional appropriations tad hecame ucees-
sary TO the further successful prosecution Of
the work, and to secure its early completion.
At this juucsurc, whilst putting forth I'll our eu.
ergics for successful action, this na.nanimous
sheet, the Chicago Press AND TE,ucSz, calls
upon tue public to crush Us by Blasting our
credit, and getting rid Of our State securities at
any sacrifice. Were the rea1 object of the warn
iny to sare holders Of these SECURITIES from lose
this childish outcry Of =" mad dog" wonld be the
snrest means Of defeating it. but no such mo-
tire actuates this attack. The object is to dis
courage tue mercantile prospects md cheek the
prosperity Of st. Louis, which it il supposed
may be best accomplished By discousagiug, anc,
If possible, defeasin. this magnificent scheme oi
railroad enterprise.
To seize such moment, when sister city
and sister State, struggling under the weight Of
great enterprise, il manfully putting fnriI, its
whole strength to secure Its successful achieve
n1eut-to seize such moment to aim an uplift-
ed dagger at its rita1s. erinces degree of 1aa-
lignaut atEoc'ty. which for the honor Ut human
nntnrc, VIC would have hoped TIM: no breast
could have been found to hsrbor.
The manly intelligent und truly enfcrpriaing
citizens Of Chicago will loo: upon this hollow
caution With disgust, and sincerely lament that
tbs base attack aimed Ut the prosperity Of 8
sister city, with which its aiready extensive and
Increasing commercial relations nre rcciprocal1y
advantageous, should come from their midst
The deception thus cast upon the matter Of the
State indebtedness Of Missouri, is no legs re-
markable for its tAl$ehood than for its maliv.
nifty.
il is enough 10 compare tue situation Of Mis
souri, relative to State Indebtedness with tue
wyll known and familiar instance Of that o.
Illinois. Tie ate OF Illinois, whcn its popula
| tfon Was less than three hundred and fits
thousand, nod the whole assessed value Of tax
able property Of the State less thaa that of tl,t
city Of st. Louis aione, had contracted debt ol
twenty millions. Without nny Resource what
ever hut an unfinished canal, audthe IMPLIED set
earnings OF Ill industrious people, she bas r.
established her credit, and molly maintained be,
| rauk amongst the best accredited States Of The
| Uuion. The debt Of Missouri varies but .rillt
from the same a:Eouni, twenty millions. She il
secured perfectly, and to lie entire amount, b,
@ailroads Of great aud constantly increasing
utility aul value, some of which are now cons
| p1eted, and the rrtna.nder in successful prose
cut1on. To make good all probable or possibl,
contingency, she can boast au cnterprisinr an.
thrifty population Of not less Than q nsll.io.
souls. consisting Of l. people that have eycr beet
in The habit, and ATE ahundautly able, to ,nes
all their Liabilities. United States stock. j. i
quite true, is more readily available, but it i
| not more substantially secure than bonds OF III
Statc Of Missouri. And this fact il pcrt.c.l,
we'll understood in New York and London.
Vet We regret this attack, both for its false
hood and its reckless mc!isnity, and wish i:
perpetrators no worse fate than entire surcas
in meeting their own liabilities, Wills. of III
cit7 os ChieaGo, We would express our ad,n,ru
t'on Of lhe indolnitable spir;: which aniulate
her citizens, and reja;ce ia her prosperity. pc
ONLY ior her own sake, but because her exaIpp,
and her success is ! benefit to tie city of 81
Louis, and to the whole ya|ley Of the Missis, ,np
VIZ a5e, however, grusified to understand Ill,
this '!astardly att.lck from what processes 10 b
leading commercial ps.nt, is looked upou wi,
~ tsvar BY the merchants Of rhica.u. The
have that just and manly CONFIDENCE in thei
own energy and resources, which insurss 81,
cess by tie legitimate exercise Of their own ta
ea's, aud fully rcciprocate the liberal sentiment
50 generally entertaiccl bF the business men {
81. L>uis IN their behalf.