Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1872-01-23

coming year VIII surpass even the grandest
feats of railway enterprise in our history
Fourteen thousand miles is an aggregate
nearly equaling the whole railway system
OF Great Britain Yet it is not safe to set
any particular limits to sonr expansion
Who would have imagined, ten years ago,
that our present results would have been
obtained? The past decade has been one
in which our ideas Of the utmost possible
ties of things have been constantly trans.
cended by the actual results. Our war
for the suppression of the rebellion aston
ished not only European nations but our
selves in its wonderful development of
capacities andj results, English writers
were continually predicting the fall of
democratic institutions on this continent
under the formidable reactionary force of
slavery. But the discovery Of unexpected
latent resources came in just at the dark
est hour to enable us to meet our tremen-
dous expenditure of three and n half mill
ions per day We found the money and
the credit to carry on the war in spite of
the malignant opposition of our outside
enemies, and tho sneering discourage
ment Of inside traitors.
Surprising that we complete, during the
year 1872, the one-third of the railways
now projected IA, 900 miles-we must be
prepared to invest between six and seven
hundred millions of dollars As our ma
tional debt is reduced il will render a large
amount of capital available for this in
vestment, but even if it should proceed as
rapidly as of late it will not meet the de-
mand. From commercial authorities we
learn of large accumulations of money at
the great money centers. \ commercial
paper lately stated that the number of
eligible investments of capital WAS far be-
low the demand in the market From
general considerations, then, we believe
that the construction of 1900 miles of
railway during 1872 is by no means a
financial impossibility. Indeed. Judging
the fixture by the past, we are neither
surprised nor alarmed as some of our
contemporaries, at this enormous extension
of our railway enterprise"
--~------------------------
The Portland Press appears 10 be in
capable of understanding the injustice
done Mr.. Blaine by putting words into hi:
mouth which he never uttered. Its hal
column of whitewash only gives the ACT
a deeper stain of injustice. Where an ac-
acknowledgement of wrong was due there is
repetition Of the offence and faisehood
added to falsehood. This may be respecta-
bic journalism and fair treatment by re-
publican paper of leading men in its own
party, but we doubt it. The following
paragraphs win convey to our readers :
very clear idea of the manner in which
4 the Press deals with this matter. In it,
last article upon the subject the Press
says:
1t is not claimed by he Keane6ec stopyna
or by any other Of NJ. Blaias's supporters
that the language attributed to tie Speaker il
the manner described and for the purpose in
Dictated above, conreys Il false impression a
to the rieg he originally took of tie H. Kin
question.
Against this statement by the Press o
our position, we bring forward what W,
said when we called the attention of tn,
Press to the wrong it had committed ant
asked correction. The following extrac
, is word for word from the original articl,
in the kennebec Journal of the 10th:
Will the Press be good enough to stat,
when or where Mr.. Blaine ever used the Ian
guage which is thus put in his mouth? W
take the responsibility Of denying that on ana
occasion or at any time Mr.. Blaine erer uset
such language OR ANY THING THAT COULD Bl
TORTURED INTO SUCH MEANING. Tine Pres:
will, of course, see the propriety of maxim;
a suitable correction. lbs,
We not only denied that Mr. Blain,
used the language attributed TO him by the
Press, but that he had said .anything tina
could be tortured into such meaning We
the Press represents us as never claiming
that his views were msrcpresentcd
| After this fragrant falsehood, patent tt
\ all who compare the above paragraphs
the Press actually boasts Of its ycracity
We think il needs to-
The Kennebec Journal also believe,
that 1.-TWO years of consolidation" hav,
wrought wonders. Ii doubtless hopes
| hat the new sovereign will allow il [,