The Atlantic Monthly, Volume 07, No. 43, May, 1861 Creator eBook

This eBook from the Gutenberg Project consists of approximately 310 pages of information about The Atlantic Monthly, Volume 07, No. 43, May, 1861 Creator.

The Atlantic Monthly, Volume 07, No. 43, May, 1861 Creator eBook

This eBook from the Gutenberg Project consists of approximately 310 pages of information about The Atlantic Monthly, Volume 07, No. 43, May, 1861 Creator.

Probable export of Cotton in 1861, three-fourths
of the crop of 4,000,000 bales, 3,000,000 bales,
at $45 . . . . . . . . . $135,000,000
Estimated export of Breadstuffs
to Europe . . . . . . . . $100,000,000
Estimated export of Breadstuffs
to Southern States . . . . . . $45,000,000
------------
$145,000,000

We are feeding Europe and the Cotton States, who pay us in gold; we feed the Northern States, who pay us in goods; we are feeding our starving brothers in Kansas, who have paid us beforehand, by their heroic devotion to the cause of freedom.  Let us hope that their troubles are nearly over, and that, having passed through more hardships than have fallen to the lot of any American community, they may soon enter upon a career of prosperity as signal as have been their misfortunes, so that the prairies of Kansas may, in their turn, assist in feeding the world.

Nothing has done so much for the rapid growth of Illinois as her canal and railroads.

As early as 1833 several railroad charters were granted by the legislature; but the stock was not taken, and nothing was done until the year 1836, when a vast system of internal improvements was projected, intended “to be commensurate with the wants of the people,”—­that is, there was to be a railroad to run by every man’s door.  About thirteen hundred miles of railroads were planned, a canal was to be built from Chicago to the Illinois River at Peru, and several rivers were to be made navigable.  The cost of all this it was supposed would be about eight millions of dollars, and the money was to be raised by loan.  In order that all might have the benefit of this system, it was provided that two hundred thousand dollars should be distributed among those counties where none of these improvements were made.  To cap the climax of folly, it was provided that the work should commence on all these roads simultaneously, at each end, and from the crossings of all the rivers.

As no previous survey or estimate had been made, either of the routes, the cost of the works, or the amount of business to be done on them, it is not surprising that the State of Illinois soon found herself with a heavy debt, and nothing to show for it, except a few detached pieces of railroad embankments and excavations, a half-finished canal, and a railroad from the Illinois River to Springfield, which cost one million of dollars, and when finished would not pay for operating it.

The State staggered on for some ten years under this load of debt, which, as she could not pay the interest upon it, had increased in 1845 to some fourteen millions.  The project of repudiating the debt was frequently brought forward by unscrupulous politicians; but to the honor of the people of Illinois be it remembered, that even in the darkest times this dishonest scheme found but few friends.

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The Atlantic Monthly, Volume 07, No. 43, May, 1861 Creator from Project Gutenberg. Public domain.