The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1881-07-26
Tampa Tribane. July nal


We specielly commend the article on the
four million sale" from the Fernandina Mirror
OF the 9th inst, to acarefhI perusal and study by
our readers. They will please note that, In the
first place. the Internal Improvement Fund has
by decree Of the u. 8. Supreme Court, first lien
on the Jacksonville, Pensacola and Mobile Rail-
road and its branches for the sum Of 446S, 1851
with interest from March Both, 1879, at The rate
Of 8 per cent This amount including interest
for two years 10 about equal to one-half of the
indebtedness OF the Fund and Of course il Is
only iair N presume that the State can make the
money out Of the railroad as the debt Is first
lien on the road 3Dts~'"',t .h# 4N f@i'l'i
Next It win be observed that while the Gov
ernor was trading with Disston, the Board had
another agent negotiating q sale OF lands Of the
Fund, who was offered fnsty cents for one mil.
lion and thirty cents for the other three millions,
or % cents m acre Tor four millions Of acres cash
down, Il aaa5sdutf43 spas4dfHl -iNl nff
One million acres Of land Al forty cents an
acre. with the $z8S, 1867 due the Fund by the
J. "a n. Railroad would have bean sufficient
10 pay the Indebtedness Of the Fund; or, as the
AisSOr says, four millions ut 90 cents an acre
cash down would have given $4,000 more and
saved the interest on the Indebtedness of the
Fand for six months In view of these facts we
WOnld like 70 know where The wisdom 0f The
Disstnn sale comes in or wherein u the great
SHANGHAI ability Of the Board If Trustees dis
pin4e1 as y 5ssW Hed5 sii'e ulf.i
!. confess 70 come surprise that the editor OF
the T,j5Hne should have 40 utterly misconceived
the article h copied from the Mirror, That pa
per CHE Afrror,) did not say that the " decree
Of the q. 8. Supreme Court" gave any relief %
the Internal Improvements Fund escept Joy Gs.ser-
eif on the principal Of he judgment, viz; 946S,-
1857, II the Tribune was wellJnCormed IL
would have known that the Judgment or the U
8. Court was for TIE balance due on the purchase
money! Of ske old Pensacola and Georgia (now
theI. p land the TALLAHASSEE (Et MaFks) Rail
roadA and that n0t dollar Of the principal Of
the Judgments applicable, to the, obligations Of
the Internal improvement Fund That Fund Il
NOT and never vs. responslb6 Tor the principal OF
ths'6SMbhsued ~ kiy railroad Dmpany. Ii va
only paysheat 81 ~ 5sssssss on tho bonds at
therate OF go 900 per mile for iron and equipment
that the Fund guaranteed and became responsi-
BE toL Ia March, 1S60, the Board Of Trustees
under Reeds Admitistfiti6n sdId the r. & q.
and Taliahasss5 RAilNoads lof Ire benent Of the
baadioidam. the oparchasess % which !, were
YFppk Dibble md r4Bspeiateas I hpt q iAiluse
Yaa made ID peyilg Al she purchase moqey.
The Trustees, ~ was, their dnly, aned, Tor the
bdiahc9, And tie coaff give mem idde7nesht Sbs
elbs. i7Ds7 priatdpal, with 6spes C9ut Interest
lssm4M srsh -. 1soo. led Istpu = ahs 7,ssust
pu'sisO spd made tia jadgmeas and intsress 8
Aral lin qn We psQpersy apld Ths InternelIn
provement Fund has thus no concern viii the
jadgment exceps ~ to the isssyjsg, which viii Be
applled ID oasstiisk ipsefest Oh the basikpdine
cunpeaa a6Ithe R.lAiG. and TsllahaapsS Rail.
rpad honds which hare mstured sinna fheaaa The