Daily Republican., 1886-03-03

WEDNESDAY, MAfsCH ;. 1855.
A Batch OF UanAl Schemes
There are several schemes before
Congress which, II indnlged and per-
mitted to become laws, would soon dis
pose Of the one hundred million dollars
surplus in the United States Treasury,
and they are being pushed now with
great energy BY those engaged in them
expecting 70 proat by them. The leader
II these mAgniacent schemes 10 the ship
hallway across the Isthmus, persistentiy
engineered BY Captain EAds. He hA.
found private parties who are willing
% put city million dollars into the
scheme, IL only the Government win
guarantee the payment OF the interest
for o period Of fifteen years. A: the
end Of that time the Government would
have fDrty.fvs million dollars In the
speculation, and II the canal fails to be
o success the capitalists would have
their invested capital, lacking Ave mil
lion dollars, paid back 70 them, bu.
the Government would have nothing TO
show for the interest Ii would have
paid.
Another large speculative scheme on
hand Ia the Erie Canal scheme, which
only asks for i've million dollars for
the purpose Of widening and increasing
the eficiency Of that famous waterway.
This canal has for long time been an
elephant on the hands Of New York,
and has drawn o great many dollars
from her treasury, which, II they did
not increase the efficiency Of the canal,
went into the pockets OF her specula-
tors. New York would be very glad
% shift this burthen over TO the shout
ders Of the National Government
Then comes the Hennepin canal
scheme, for which there can be no real
estimate formed Of the expense. II
provides for cutting o canal from the
Mississippi, across the State Of Illinois
70 connect with the lake system Of
navigation. 1t Ia hard TO conjecturt
what good purpose Ii TO be subservef
by the cutting Of this canal, unless 1
be 10 send the Southwestern cotton crol
% Europe by the way Of the lakes an'
Niagara Falls, instead OF by those grea
water courses that nature seems 70 hAv
designed specially for commerce-th
Mississippi river, Gulf Of Mexico an
she Atlantic ocean
But we OF the Middle States are nc
10 be left out of this great national i'm
provemen. deal A modest one millio
OF dollars Is TO be given for the cor
stzuction OF q canal across New Jerse
to connect the Delaware river and Be
With the Atlantic ocean.
This though costing the least Of a
the projected schemes looks to us 6
the most feasible and reasonable. Tt
plan, however, Is we'll laid to cate
votes. The Is.hmus ship canal Is e1
Pc tied to WOO the Southern members {
C)pgress to its support; the HenDeri
Or j-c. 10 TO molliiy the Northwestern
m ,nberr; the Erie scheme Is to cate
q New York vote, and the little Je
s,y scheme IL q bait to the membe
from Pennsylvania, New Jersey, Del
ware and Maryland. The schemes .
WILL arranged both as TO purpose ar
10 ,alisy.
We Wish to ssy now, after hAvlr
mildly criticised all of them that II
10 possible for all these i'm orovemen
% be made, We are not opposed
them FRS, let us have . certainl
that the projected schemes are prAc
cal and will resalt In something mo
than putdng money into the pockets
joobers. II the isthmas canal is prA
icable and will result as is claimed
opening to this country the Sou
American trade, Atty million dolla
would be bat q small amount TO pl
for such advantages. A favorAt
view otthese projects Is that they Won
give employment 70 the unemploy
labor Of the country and for this pl
poee IL for no other we would favor |
carrying out Of all these purposes pl
vided they are practicable, and can
kept GU. OF the hands OF swindli
spectators whose only object is
hsoce the government.