Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-06-07

GOVERNOR ALCORN has been eX-
pounding his views affecting proposed
modes of retaining the lowlands Of
the Mississippi. However multiplied
and ~indefensible the Governors po-
liticaI vagaries, he has thoroughly
studied facts incident to the mysteri-
Gus ways Of the Father of Floods.
Very properly, as many think, he
does not commend the Kellogg scheme
involving the creation Of a "mam-
moth moneyed monopoly" giving
wealth to the few and falling to enrich
the many. He said that Congress
must soon adjourn; that nothing
would be done this session, and moth
ing could be expected during the short
session to follow" In 1872 Governor
AlcOrn will be Senator AlcOrn, and
then, it is inferribIe from the speech
as reported, we may expect to have
this subject well and wisely disposed
of. Barring the mOdesty Of His Ex-
cellency, We appreciate his eminent
fitness for the task he would as
sumo, and are ready to con-
fess that Of all men he is best
qualified to define a system Of legisla-
ton which will make the valley Of
the Mississippi richer than that Of the
Nile. He viii add cotton States to
the Union, enrich this city and Nicks-
burg, promote the interest Of New
England mill-owners, and prepare a
paradise for negroes suchas the world
Las never known before. He wants
no bonds and no corruption fund
and no huge corporation to shape the
fortunes Of his State and people at
will. He hopes that the simple
purity and honest worth of the pres
ent government of Mississippi may
be maintained unimpaired, and while
other Southern States have driited
into maelstrOms Of speculation and
debt, he cOngratUlates his hearers on
the financial condition of Mississippi,
which owes no bonds created by its
Republican government. The charge
IS made that reconstructed State
governments are dishonest, but no
share of this accusation affects
Mississippi. Under the plan he
proposed, and which the Legisla-
ture now considers, every ~landhOlder
becomes a shareholder according to
his wealth. 1t is a system of agricul-
tural insurance, by which Taxpayers
become underwriters for one another.
"Our own agents control and make
the managers OfIevees responsible for
wrong doing" Gov. Alcorn believes
that Congress will grant the boon asked
by the Legislature Of Mississippi and
aid the people in building this mighty
levee high and strong enough 10 pro-
tect the lowlandS against any flood
that has visited the valley within the
memory Of man. The Governor
warned members Of the Legislature
against the Wiles of managers of great
schemes like this Of Kellogg, and said
that this was an age OF speculation,
Of bonds, ofcredit and corruption, and
hoped that lawgivers Of Mississippi
would spurn any offers that might be
made for their purchase. The Gov
ernOr OF Louisiana has declared his
purpose not to sign the bill creating
Kellogg's corporation with fifty mil
lions Of capital, and we pre-
sumo that the grand conception
which a ring proposed to become,
practically, masters Of this valley and
its fortunes will now be forgotten,
save as one Of the mighty visions Of
speculation which have risen up be-
fore us in recent years like morning
mists that often Overshadow the
sWamps of the Mississippi.