, 1864-07-03

Marquette, and perhaps also some place in
the copper districts Of Lake Superior; st.
Paul, Minnesota; and Omaha, on the Mis-
sonri. With the prospective early CON:
mencement Of the great Central Pacific
railway, Omaha Is at present the moro i'm.
portant Of the three, aud besides there Is now
less road to build to give the Company the
control Of the large trado Of the Plntte Valley.
During the present year the line Is to be I'm
1shed to RooresboEo, On the Des Moines,
leaving, If We mistake not, considerably less
than one hundred and fifty miles of road to
build to reach Omaha The best interests Of
the Company, Of the city, and In fact Of the
country, require that this lnoet important
line should be completed before the close of
the year eighteen hundred si1ty-fve.
With 10 wealthy and 30 powerful n eonpa-
ny, Tho time Of Its .Teaching st. Paul and
Lake Superior need not be Delayed many
years. Eighteen hundred aud seventy onght
to see them fully completed. Thirty miles Of
the Pacific r.i1way, northwest of ST. Paul are
completed and In operation, and as much more
Will be added during tho present season. The
sooner the Northwestern makes conncc-'
tion with this road the: bcttcn The line
from Little Bay du Noquet north. to connect
at tic iron mines with the road Eouth from
Marquette will be finished BY the. flrst OF
September, leaving only the link on. the
west side Of Green Bay to complete the con-
nection With Lake Superior.
The Company now has coo miles OF com
p1etcd road, and the leased roads add 80
miles more, making In all $50 miles virtually
belonging to the Company. The rapid devcl.
opment of the country through which the
different lines Of this road run viii vcry soon
make It, u in fact It Is not already, one Of the
richest and most powerful companies ID the
nation. Under the able mud efficient man
agement OF It's present officers, Qmaha, st,
st. Paul and Marquette, will soon be- reached,
aud the North Western Railway wilt 'srealizs
for Its owners and for our city, results fir
beyond what its most sanguiue friends have
eyer anticipated
TEE LATE sEcRE vAHY OF TIE
TExEAsUAK.
The expenditures Of the Government since
the war begun to the present date, have been
| in round numbers two thousand millions ol
| dollars. What comment will the historian
make when he comes to write up the record
Of this period, when he finds that Of this
vast sum less than one hundred aud fftJ
millions were raised By internal taxation, ant
that the Secretary Of the Treasury wa!
obliged to obtain by loans aud legal tender,
thirteen dollars for each do1lar procured b.
taxation? How he managed to procure thi
money on 60 slender q basis Of taxation vii
be snbject for admiration and wonder TO
generations to come. It shows tue grcl
faith reposed In the man by the masseeo
the American people. Here was case O
3 Republic torn assunder BY the II
volt OF one-third Of its States, an
8 powerful party In the remain
ing States In active sympathy wit
the rebels, clamoring for the recognition O
their Independence, and for the concession {
the hight Of secession as q constitutions
\ privilege; with nll the nations~of tho civil
tied world predicting the certain iownfa
Of The Union. and several OF them givin
material aid and active sympathy to the it
sutgcnts; With foreign capitalists lcndtu
money and waslIke matcrinl to the rebels an
refusing to lend dollar to the Government
with three campaigns ended in failure an
tie fourth hanging in 6usperee,-in the fac
OF all these adverse circumstances the grea
magician OF the treasury vas made to pr
vide thirteen dollars By bans for every dolla
furnished him By taxation.
During Englana's wars with Nap ,lcon to-
thirds Of her entire war expenditure WI
raised by taxation, instead OF one. thirteenth
and yet the paper Of the government fell b.
low 50 per cent; That war was not q strn.
gle on the part Of Great Britain with rovol
ed subjects; but fight Of the whole l1atio
Il against the power Of France. She ,saa S
cure by her fleets and insular position fro,
invasion. She was the assailIng par'
, throughout the contest, and Wis never obllye
10 pnt as many troops in the field as tt
States Of Illinois and Indiana hare alreal
furnished, and get British Legal Tendc
were at d discount Of more than 90 per cen
Whatever money sharks or dcbascd dem
gogues may say about Mr.. Chase now, b
mime will be handed down to history as tt
greatest inancicr of his Century, or Of mo-
| etu fimea.