, 1870-05-14
collect both upon the land reclaimed and the

collect both upon The land reclaimed and the
stap1es grown upou it
Levee Company is encouraged BY General Hum
phreys to suppose, can be done for thirty
sir millions OF dollars, OK, as they themselves
modesuY suggest, pe1hsps fifty millions Of
dollars. This, theJ clsim, is not 40 much by
ten millions Of dol1ass = wa gwen in bonded
road: and the Levee Comps1y futtharmoze
say that their request Is not for land at al,
nor for 3 perpetual cha1ter of o1poration !;
but they propose that their charter ah.n ex-
pire in twenfy-one yearB, and then that the
perfected and completed system OF levees
the : States in which they lie. II We
can muster the easy credulity to believe
sll That the books Of this and similar schemes
Say we may conceive OF 3 gigantic system OF
dykes. such aB Holland never had, maintained
by little standing army, and series OF
never weary hut hasten With mud machines,
md pile divers, apptised by tho Telegraph
wherever there is 5 crerasss, and perhaps
support eTen 3 railroad On the rampant, md 80
become at once tanBit company, and an
association Of ditchers- They alego thAt
ions for lareea aince the WaE, but that, owing to
politics, want Of vigilance, and want Of respou-
aibility, nearly tho whole system has proved
failure.
The incorporators spare no rhetoric nor
cyclopndiA-reading to back up their positions.
MES IS Great Britain developed the Indies, and
founded her great financial system With it
France has Just shortened the route to the
! East seven thousand miles, and, while she
was in the midst Of the work, with the same
agency, America accomplished. greater ro-
suit; building over two Thousand FIVE hundred
miles Of railroad, connecting the oceans, and
shortening still further the great Oriental
route. PHTato enterprise will accomplish tho
great work. settling the immense question OF
the cotton supply, and adding countless mill
ions to the wealth Of tho country"
Here is q burst Of scholastic enthusiasm
which Was designed Of itself to bring twenty
five mil}fons Of government bonds:
:. " In the worlds onward march, the school Of
Oxford has been supplantcd by that Of Cambridge:
metaphysics has disappeared before the mailed
tramp Of Physics, and we behold in Touder 70
day grand developments following the subshsu-
ton The immense agency OF associated capital
and effort has girdled shs pnisefse With railrpads
Obstacles and bound them obettlent TO Its use5."
WAY OF RA1sINa TIE wRD-
have thus outlined, in as genuine manner
aa this enthusiastic corporation could expect,
What they hare to sag and what, porhaps,
they mean to do. General Longstreet and
others have cndorsed tho project to General
Grant, and the modest intimaiion is made to
him that; as he chiefly cut the levees Of the
Mississippi aud gave That alluvia1 region over
to ruin, he ought, by way Of benevolent repa-.
ration. to @ back ~ this aa,,ot Project .,,7o, Of
that the carpet-baag Legislature Of
they treated the man from Jericho, and, there
fore, the President and Congress ars expected
to play the role Of the Good Samaritan, md
pour in oil and wine, and set the corporatorz
on their nss, pnd all go togethcr down to Je-
1us4em, paying for each other at the inns
The first sum Of money requested by our
Southern friends ia twelve and = half million
of dollars worth Of bonds TO correspond with
the franchise already g1ven BY Louisiana-
When the other States in the Mississippi basin
incorporate the company, az they are now said
to he in the act OF doing, government vii be
ngain called in, and here are somo provisions
IN the State charters which, it is presumed,
viii satisfy any Qualms OF ours thst we shall
never get our money back
TA1-0ATHERIEG MONOPOLY.
This company ia chartered for tTenty-one
Louisiana pertaining to the Mississippi aud ita
tributaries. The levees are to be located by
mixed commission OF engineers, one appoint
ed by the United States, one by the Governor
Of Louisiana, and ono BY tho company Any
municipal corporation or police jury can coeEce
place of crevasse. An annual report must bo
made to the State Governor. Whenever the
1ine Of ]eyae runs through portion OF
cultvab1e land. leaving it on the outside, the
owner must dyke such excepted piece at his
e anybody whose land ,;. shall be ore5howe1 over we'd
iaaa in5Sosf faken nSh from e rs inside or q I ths
lovee shall be atnned for by the company
through nrbiHators. the company must keep
one million dollars in bonds Of the United
States or Louisiana On deposit with the
fJl- kI,1 Sknf,1
means arc provided Of making the company
keep faith with the State.
All alluvial lands in Louisiana, protected By
the companyB leyee, except such as arc stu
ated in Incorporated towns, and al the cotton,
sugar, rice, and tobacco produce in such lands
shall pay the following tolls, conectable by the
tax-gathe1er of the State.
First. Five cents year On every acre.
Second Hall q cent pound on Ill lint cot
ton.
Third A quarter OF Z cent & pound or
sugar: g ona ,o,t . o.,,on ~ r,o,,z,.s
Fifth HALF cent pound on tobacco.
Sixth An eighth Of a cent pound on rice
AL tolls must be paid before the first day o1
March in each year State and school land,
arc exempted from taxation by the company
No staples raised in ta1ab1o lands can b.
shipped out Of their parish until the toll
have been paid
Thorough civil rights and equality are en-
Joined among tho races, urdar this charter
When Aisxissippi, Arkansas, Tennessee, ant
Missouri, OF either Of them, ahau join Tld
shall be represented in its Board Of Directors
Al follows: Miaeidsippi, seven; Arkansas, four;
Tennessee, two, and Missouri, two.
! THE coRPoHAToRs-
Here are aome names Of people pronuinon
in securing the chaEter from tho State OF Lou
John G. Gaines, President Of the Citizens
Bank Of New Orleans, which has capital O.
| $4,000, 900.
J. Il. Oglesbee, President Of tho Louisian'
National Bank, Which has capital OF $4,000,
| 600.
Samuel Smith, private banker Of New o.
leans, whose alleged capital is s., ,0D0, 600.
| Ex-Governor P. o. Hebert, Chief Enginee
| Of Louisiana, who WAS cl1ss-nate Of Gen
eral Tecu1nseh Sherman, and graduated frs
! in the class.
A. B1isson, and D. Banks, formerly stAt
officer with General Joe Johnston, and edito
| Of various Southern newspapers 1osepl
Een1rdez, C. &. Marshall, e. F. Simral1, q
s. Tesger, Milo Smith, and g. l. Johnson; 4,
| more OF less prominently known in the Lowe
| MiEeiHeippi REGION
! THE TWO RAILRpAD6-NoRTH AND SOUTH.
lam induced to believe that the railroa
echemcs now In Hbey1nce, such as the south
EN- Pacific, aud the Northern Pacific Ro2ds
have not the strength before Congress- Of thi
levee company, because they are disorganized
Jealous, terminating, and do not seem pre-
pared to admit each other into the t1oug
which each thinks itself solely has securst
Neyertheleas here ia piece OF neHs frol
Philadelphia, which I have no doubt is true
and which il, doubtless, . part OF the job
the blended Northern and Pacific interests:
s.phi1adelphia has the credit Of being the cent?
Of the manipulation necessary to the revival
neglected enterprise There the ring Of ope
atom have thelr headquarters Among these,
millions Of seven per cent gold-bear1ng bont
have been divided III tWelfthS, to be agaln q
Il riicd and subdirlded In such sums as may
| necessary to the success Of fheif scheme. FL
millions Of the bonds Of the Northern Pacit
Company are no.e being sold, the proceeds to
} used, SO Gays the advertisement, for the CO
s1uetion Of Iwo hundred miles Of the eastern e1
uf the rold-a sum, as experts estimate twice
much as is necessary for the purpose, 1asrin5 OF
~ millions a1d ny & eT a9aa's q profit TO CO
And On the top OF this the Southern Tran
Continental Road e1 poets to come IN.
WAsHE;6roS, May II.
DEFEAT OF TIE NORTHERN PACIFIC JOE.
I will write few lines to congratulate =
on the defeat, to-day, Of the Northern Paci
: Rai]road bill, which permits the corporation
and with tho proceeds pay it's old, spaylne
1 white-h headed attorneys, those periwink
who forsook reputable business many yes
. ago and consortad themselves with young q
cheaper pennY-d Of the Is" and the lodi
The frat knew Of tie thing-for do I
20 to Congress more thin twice week.-mrs.
see come down to Downing'a Exchange, Il
+ day about p NJ, couple Of persons VIII
- wss told were the two attorneys for the Nor'
:. eru Pacific ring, who sat down at . table q
: looked at each other, and I watched tn
= through the mirror Of . hst-rack. The bla
. revenges they swo1e cut, the nondescnpt P
= sions which they afflicted with their dsts uF
: that poor handicapped table, we're dread