New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-03-06
Dentistrn.
sOnIE GREAT INTERESTS IN MIS-
SOURI,.

The naiiroads OF Missouri How will the
gtatc Relieve saerseIf,-ITho stntc Credit
OF Observation-Disclosures, in Missouri
Emancipation.
Correspondence Of The ~ y. Tribune
JErYsp.os CITY. Feb "a. 1863.
TIE RAILROADS OF MISSOURI.
What shall bo done with tho Railroads is, next to
Emancipation, the most important question before
the Legislature. The State has become insolycnt on
their account, in principal and interest," to tie amount
OF us 200 900. But Of the roads, the Hannibal
ard st. Louie ia able to pay any uteres, on tie State
bonls, and IN The present condition OF the State the
prospect for very heavy Slate debt is decidedly dis
mai. The following are the roads'of the State that
are partly constructed:
/. The Cairo and Fulton, extending from Birds
Point, the Mississippi, west to the intersection Of
tho 81. Francois Railroad, being an extension OF
the ST. Loais and Iron Mountain Road, IS miles, OF
which 26, miles are completed. The amour, of State
bonds issued to ihs road il t6j0,OO0. In addition, it
has 400 900 acres Of land donated by four counties
on which bonds have been Issued 10 the amount Of
81 600, 900. II has 02,O00 acres from the General
Government. 1t has 81, 2Gi ,775 stock subscribed,
Of which 800 l64 have been paid in.
H. The Platt Conn,J n.iin"o' no" e"7Hse' W
-. ., IN. present Assembly TO the Plat Country
Railroad Ia $50 miles long, extending from Kansas
City 10 tho Iowa line along the Missouri River Its
track ia laid a miles. II received 100000 of State
bonds, has s., 773, $50 stock subscribed.
I'LL The Hannibal and St. Joseph Railroad is 207
miles long, stretching tho state from the Mis-
sissippi to the Missouri. II was completed nearly
ten years suce and is doing good business. 1t re-
eeiyed a. 900 600 OF State bonds and iu addition it
ralzed IL 49, $50 from Subscriptions of individuals
counties and contractors. Bcside this II had COL :
30 acres OF land which were mort gagged for 80 OOO
OO0 In consequence Of heavy Glseounts. tho COM
rany realized but $i,s2S,3j0 on sI7O0,eOO at its
londs, or Pol .rS on slO,'UO,oVV Oh otNe ana
Company bonds.
~. The Pacific Railroad Union line is 2S2 miles
long from NJ. Louis 10 Kansas City, of whlcn loy
miles 70 Sed lila built. lts car i.al stock sub.
segbcd is $500 400. State bonds received, $1,000.
O0y. II received l2OOO0 acres OF land, beside
700 00O from The city and county OF 81. Louis aud
! nearly million more from other counties.
| Y. The Southwest Branch Of the Pacific Road,
extending from Franklin, 81 miles west o. ~. Louis,
In south-westerly dreclion dlst,n nee OF s5 miles,
has issued 70 this road 81 500 900 in bonds. Ii has
expended $.,S5, 5ll in construction aud rolling
.stoek, or somethiog ike S., 900 PER mile, cost OF
construction, discount on bonds. &c, II has u land
giant u neatly 100000 acres
VI. The North Missouri Railroad extends from 81.
Loni, TO the Iowa Inc in q norhsry direction, with
/, branch from huntsville to Brunswick, on the Mis-.
souri River, about 40 miles long. or the main line
there 10 completed l69 miles, TO Macon City, tie
junction Of lie Hannibal aud 81. Jos,ph Road. Il
has received from tho state si,ogVOoV ~ bonds end
from 81. Louis City anG county $i,' JV,OOJ together
with stock paid in Of -, 10, 40
| VII The ~. Louis and lion Mountain Railroad.
extending southerly 10 Pilot Knob, distance Of Sc
miles ALI of which /, built. Its stock paid in is
a. go 81 and the amount raised FROM the State is
100000.
now WILL TIE STATE RELIEVE ITSELF
IN, one,tion whether the State stll sell out the
roads for what they will bring or extend more credit
for their com ction, has been ono OF dlenIt solu-
ton The interest on these roads is rapidly HCcumu.
atnq and 10 sell more Of them NJ 80 cents for Iur-
pos.s Of internal improvements, appears very in.
roIitc To SAY tho least. Then, 70 sell them OUT aud
sacrifice what individuals and counties have sub
scribed ap we'll ms n ""rton Of what the State had
iuv..,aa bs.ido tho lands also, look like too grea'
n sacrtice. By reason Of non-payment OF interest,
nil The roads, except the HANNIBAL and ST. Joseph,
are forfeited to the State.
| Tie Committee on Internal improvements have
matured bill on this subject which will be pre-.
scented to the House In few days. II proposes
neither to sell the roads nor incur further indebted.
uess on their account and yet TO give the aid that
will eomplste thcm especially the Pacific and North
NOR gaze la the extent Of admitting prior lien on
the Pacific for a ,50OOoO and Of 100000 on tho
| North Missoun. IL is thought thai instead Of in-
pairing tie States security, this operation will in.
crease il by the roads becoming so much more val
uablo by rrason OF their completion It is believed
That The roads will be able 10 raise this first hen
and leave me state tho full advantage OF the first.
mortgage bonds; and thus the business of the roads
"a wei ge the Improvement of tho country, will co.
operate in restoring the credit OF the State. There
- strong eiioit Oh the part OF the great Northern
rons TO the East 10 get tho roads sold out in order
that they may bay the Pacific Road. aud DO able to
divert travel we'll Us business from the Southern
routes,hrough Cincinnati, PIttsburg, and onward;
but the prospect ID that their game will DO blocked
/ THE STATE CREDIT OF MISSOURI.
I, IL true that the credit Of this State is now fear
fully low, but il is much lowpr than it should be-.
Specnlators always take advantage OF public ca.rni
ties 10 increase their wealth a, the expense OF the
uptortuua,e IL 10 true that tie fate Of Missouri has
| been doubtful; and for the effect of this upon her
credit, tho Democrats may take the responsibility.
They have brought all the calamties upon this State
that are peculiar 10 hersel and their equvocal posi-
lion in relation 10 the prosecution Of the war ana tho
support oil tho Administration, continues to depross
the STATE credit BY keeping the public mind involved
n doubt IA 10 the turn which tho Slate may tax ..