, 1869-02-22

cts In distant pot{ss agreeing W os'~~
careoes In Chicago. always take into &C.
count the place where it is to be unload
cd. They have ono price for the main
trunk of the river, another price for the I
South Branch, ard smother for the North
Branch, varying according to distance
and the cost Of towagc. In Short We
have outg1own our harbor. We must
have more room, and We must go into
the lake to get it. We must
follow the example Of Liverpool
and 60 into deep water, and there con-
struct the docks which are to accommo-
datethe future commerce Of the North
west. The Illinois Central Railroad Cons
pany have already shown, on q small
scale, what can be done in the deep water
on the south side OF the river; Mr. Og-
den and his associates what can be done
On the north side. Necessity has COM
PEELED the construction Of those docks,
and necessity will compel the construc-
tion Of more. It Is our opinion that the
present generation will see the Lake
Front occupied with shipping as far |
south as TWentY-second street. This was !
The limit fixed by the projectors OF the |
"Chicago Ha1bor Improvement Com
pany" two years ago, and they were not
lar wrong in their calculations.
lfthe Legislature will not grant this pro-
perty to the city Of Chicago, as it ought
| to, the question arises, what other meas
u1e is practicable? What KIND Of bill
can be passed which will accomplish the
| object sought-the building of lake hsr-
bor-and be liable to the fewest objec-
tious and abuses? As between the I'LL.
nois Central Railroad Company and
private dock company We decidedly pre-
fcr the former. They have tho position,
the experience aud the capital to make
4 such harbor. They can do it. a pr1-
| vate ha1bor company would finally be-
come football tor Wall street. The
amount Of money needed for such an un-
dertaking gees up into the millions.
The capital TO be expended in sea walls,
slips, filing, ETC., IS not here. Il must
be obtained from the East or from
Europe, where the rate Of interest low.
By and by the hsrbor would be owned
there, lust as the railroads are now-just
as The stock Of Mr.. Ogden's Dock Com
pauy Is now. It would be at best
loubtiul and hazardous undertaking.
The Illinois Central Railroad Company
have the facilities and the credit ncccs-
sa1y to make the work success from
the start. Tney can furnish the harbof
With Immediate and rcmuncratiVc
employment. With q private
company the case would be
different, especially If the railroad should
, assume an attitude Of hostility toward H.
We have no complaint TO make against
the uasbor improvement Company,
whore project came TO Rrlcf Two years
ago. II embraced somo Of our best and
most entcrprising citizens. They Lad the
> socBc'ly to perceive hist an outside har.
i bor was needed, anu they sought to fur
C. nish It. hut their objections to such 1
o hbrbor al this time, based upon sanitary
g ard csthctic principles, are materially
c weakened by the fact Tint they wanse'
n | 10 GOES !ruct and own such lArbor tE,
i ,calsago
o While, therefore, VIC decm the 1llinoi
IS Central preferable to private haroo
II company, We are not In favor OF gsrin
% them the property ior ]css than 1t
v worth. The clAusc inserted in the pca'i
i Ing bill, which makes the rates OF whaf
ia aec ansl dockngc subject to the control
m the State, In wisc provision, and goes Ia
ir- to relieve lii: rnc4sa:c oi the character
ial monopoly. The seven per cent clause
B. not, IS some people represent, huHbu
nd TLc charter Of the company requires Il
Of payment Of seven pr cent Ut the gro
IT Sha n
ast into the STATE Treasury. There IS
crs clause in it which would require the pa
cir mcut Of seven per cent from its lcas
in lines in Iowa Or its Dubuqnc bridge,
tcs i3s Grain elevators, OF
est steam tugs, or Its wharf boa
cir or its harbor. Therefore the scE
per cent clause in the pending bill has
nj subsiratum of TACT to resi- upon. 1t VOL
lis he better, in our Judgment, for the Leg
ion la1ure to provide for tho appointment
Or three or more appraisers to 1lA Walt
the ton upon the property proposed to
,ab. granted, and sell it outright for CASH
E;np arproyed securities at its ascertain
mr. value, but whether this would net IN
5out TO the public than the anEual payn1
thu OF scvcn per cent Of its gross recei
ota1. coupled with the legislative restrict
upon the rates Of wharfage and dock
fol- is q question which which We arc
Test prepared to answer. ptooaoly any
atts, which might 90 nsoo u,''.' w p.yp
sen Years hence, and rldicu'ous twenty :
land hence; while on the other hand
ates. seven per cent Hll grow as fast IS
enta. property grows.
hall There are two amendments, howe
9.ao5 that ought to be made ss9p posing
half the bill is TO become 1aw), AID We
Ivose that the Senate and Governor patme
, the celher viii be firm enough to insist
Tom them. The property ought to be So
shcde 10 municipal 'a1stlon llSc o1aef P1op
half The seven per cent is little cnons
so Of everybody knoss, to ray for the lee
rrest, pie. Why exemptit from the o1dl
,he taxation to which all other prof.
c7eat is euhiectY There is neither ressor
h71h Justice il such exemption. Ga the
hank trary, there is 1agrant injustice
nv In wrong in it. Here is q proposit1o
no Of build . town between Chicago an
theso lake, within the corporate limits
hat of city. which the city authorities
atc Of protect, the city courts a]lu
Ives in upon, the city police guard,
nriy- public ua1bor Master regulate
debts" CITY gas bills light, and
chigan city business supper, yet The rev
/ their is to bear no portion Of these exp
nst the This will never do. The Legis
,ct;cu, may perpetrste one act OF 1rjus!i
,frasfs taking the ha1bor away trom Us,