The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1874-12-27

great branches OF industry Il h
something that q Tow thousands, ont
uf Che great muifnio nf mhnros
now idle wouli 'bp employed at
onrp Ia railing and culliug lIas for
lhrsp roads Bat OF four hundred
thousands toms uf iron needed mr
their completion and equipment
eyory pound must epmp from Amor.
lean furnaces more than q million
tons ot ore, uud lw0 million tuna OF
coal must bo taken from our minls
thousands Of men must bo employed
Va working tho irons inlu rails and
spllos, whonls and locomotives aud
thousands moro ln tho car factories
Those roads will soon ho nouosslry
Can lhero Zoo o limo when lhls great
stimulus would ho mora grateful IA
dlHhoulenul induslyy As soon M
tho completion oi tho main limo H.
assured, other roads Will also ho
pushed 10 effect connections with il,
aud each will add 10 tho demand for
labor and for tho product Of our
mnos and manufactures
Finally, those splendid rosults We
may Nocure without tho withdrawal
OF Nuy portion ol our own soanty
capital from productive industry
II the United SMtes will give the
MD necessary, not hy thc costly
method Of subsidy, which hus boon
condemned by tho Judgment Of con
gross aud the country hut with
proper safeguards, by guaranteeing
Interest on tho bonds OF tho com,
pany, tho oOpltul noodod can BIO
drawn from Europe, For this loan
OF credit, the United States will not
only be amply secured by u lion up,
on the road and ils valuable lands,
but II will retain all money due for
transportation Of mails, troops aud
supplies, rnd all money received by
sale Of the lands Of tho company
also, until the company has pad all
interest due, Moreover, tho Unilod
StOtos will regain thirty million
acres OF land already granted to the
Atlantic aud Pacific, whilo many
times as much beside, now belong
ing TO the government, but unayal.
able, will be rendered valuable when
the completion of the roads opens
our southern territories to settle.
ment aud give them poncc,
Thus, by n wol'sccurod loan of
credit, this country, though heavily
in debt, can secure foreign capital
with which to improve its usscls
and add many millions TO its yearly
product Of precious metals, cotton,
wool and cattle, As Great Britain
guaranteed the interest on $4,000.
GOO for the building Of railways in
India, and now saves many times
tho interest in the reduced cost of
cotton rs France guaranteed intor.
est upon SG20, 100000 for railway
construction, and thereby so incroos.
cd in wealth that, bearing all The
losses OF n disastrous war; aud an
idomnily Of 5000 100000 francs, il
has already resumed specie pay.
monts'- so, this land, moro blessed
than any Other in wonderful variety
Of ineXhaustiblc resources, may
soon laugh ut that burden of indobt,
edness which now aralyzos indus
try.
We pray not for any city. St,
Louis is content with her legitimate
share of tho common prosperity.
If the measure urged would benefit
this city, it would benefit others at
the south and east still more, But
II common tie binds us all. We ask
only that which shall bring peace,
protection, prosperity and revival
of industry TO our whole country,
gIadness to the hearts OF mnny who
are sad, bread to the mouths OF
many who now seek honest labor
in vain, II brighter and moro gori.
Gus fnturo for the nation aud its
commerce, and II closer union than
merely iron bands can cause for
these United States. And thus your
memorialists will ever pray.
JOHN Is MAUDE,
i. Il. DAVIDSON
JOHN NJ. GGLKESoN,
Committee.
UNION MERCHANTS EXCHANGE, J
SECRETARY S OFFICE,
ST.. LOUIS, December u, 1877, J
At regular meeting Of the board
of directors of this association, held
this day, the foregoing memorial
was unanimously approved, and the
committee were instructed to sub
NIT the Same to the congress Of The
United States.
WEE, NJ. SAMUEL, President.
GEO. II. MORGAN, Secretary.
SECRETARY's OFFICE OF !
ST.. LOUIS BOARD OF TRADE,