, 1870-03-28

$Hbsidy
- ....... dfHuhIe.L
Northern Pacific Railroad. ......... So, ,otO 900
rsny. ..:,-.:.:....:-:;-:-...: iaooo,eoo
Company ny..............,..,....,. 49,. so,oao 900
ta,craati"aal pacidS aue..,-..;........ 100000
ship Company ...................... es,ooe,ooo
1mrrNvumen n: Of the Illinois 1llver...-. e,Ooo,ho
European anti New York Steamship line 3,s00, ,n0
Atlantic and iarthr Hailroaf Company. k3,o0p,ooo
Louisiana aud Mississippi leSecs...,.... SU10. 900
E'oii Eus III Ra!lroaa Company. 730,tD0
Cntor racitc Railway Company, East
etn DlT1si0A. A.........+.-.-.......... {i,o00, go
Tosa,.........,........... .tqcs, ~, 900
This was for bonds alone and by eleven cor
porAtioue only. The entire demand iu the 1859
bills introduced WAS estimsted at 800, ,000, 900
in bonds, ,000, ,000, 600 acres Of public lind.
leading newspapers Of the country, issued dur
ing the wiutor Of 1sG8-69, will find that the
III raid took tho lead il, opposition to these
schemes, and that, AZ a matter OF course, they
all came to grief, with perhaps one OF two eI-
eeEstions.
discouraged. They make their Appearance
again at the present Hession With their schemes
70 suhtilzed Al to almost eecane detection.
First and foremost We find. chAmpioned by
Mcssrs- JaS Cooke 4 Co.'s OWL old friend, the
Northern f'aci6c Railroad Company.
According to the last report Of the Commis-
sioner of the General Land Office there was
given 10 company BY Congress, under the acts
Of july, 1864, May, 1866. aud April. 1859, al
teInate sections OF nnoccupied public laild on
each side ct the proposed road. within forty
mile limit4 in the Territories, and twenty mile
limits in the State, be the same mr~s or less;
but amounting, it is estimated by Commits
sioneI Wilson. to 47,000.0 900 acres, worth nt
least 90 rer acre Oh an average, or s14l 900 600
in all.
This magnificent subsidy ia free gift to the
company. given BY Congress in 1864. II the
corporation managers had ac.ed in good faith
the road should have been finished from Lake
Superior TO Puget Sound year aSc As it is,
they have been lobbying in Congress for ad,li-
tonal advantages. They are Just now engaged
in pushing JOINT resolution 12l. which vas
made the special order in the Senate to-day. It
authorizes" the company to issue bonds for
the construction Of the road and file the mort
Esge ili the Office Of the Secretary Of the In
terror. It also eoustues the original grant to
guarantee certain number OF acres, and pro-
videe for the extension OF tho limits 50 NJ to
gitc tie company 1argeE anount OF land than
they can obtain ss the gift now stands.
In short, the little joker, $. r. 121, now be
{otc Congress. gives the company 4 few
million arres naore land and qnAA endorse
ment Of their tonds by the United states. II
It is pushed through shcv s..,e.: propose TO
have txentr.6Sc miles Of their road finished e
forty miles per year thereafter. The managers
need no Authoris: from Congress to issue
bonds. II is understood thai MesrsB, Jay
Cooke i Co, their financial agents. hare
ccmrauys bonds. Let them, therefore. 60 on
and firish the road with the aid that las already
been given, OF give up the franchise to some
other company. Let them apeua more moncy
| in tho construction Of their road and 1eus in
| the lobby Of Congress.
Additional gifts Of lands, loans. endorse
utnte. OF authority to issue tonde are rot
| in e1ler.