Lincoln, Abraham, 1809-1865; Presidents -- United States -- Biography; United States -- History -- Civil War, 1861-1865
phrase, "Thirteen hundred--fellow-citiztens!--and fifty miles of
railroad!" There was nothing to be done but to go on with the
stupendous folly. Loans were effected with surprising and fatal
facility, and, "before the end of the year, work had begun at many
points on the railroads. The whole State was excited to the highest
pitch of frenzy and expectation. Money was as plenty as dirt.
Industry, instead of being stimulated, actually languished. We
exported nothing," says Governor Ford, "and everything from abroad was
paid for by the borrowed money expended among us." Not only upon the
railroads, but on the canal as well, the work was begun on a
magnificent scale. Nine millions of dollars were thought to be a mere
trifle in view of the colossal sum expected to be realized from the
sale of canal lands, three hundred thousand acres of which had been
given by the general Government. There were rumors of coming trouble,
and of an unhealthy condition of the banks; but it was considered
disloyal to look too curiously into such matters. One frank patriot,
who had been sent as one of a committee to examine the bank at
Shawneetown, when asked what he found there, replied with winning
candor, "Plenty of good whisky and sugar to sweeten it."
[Sidenote: Ford, "History," p. 197.]
But a year of baleful experience destroyed a great many illusions, and
in the election of 1838 the subject of internal improvements was
treated with much more reserve by candidates. The debt of the State,
issued at a continually increasing discount, had already attained
enormous proportions; the delirium of the last few years was ending,
and sensible people began to be greatly disquieted. Nevertheless, Mr.
Cyrus Edwards boldly made his canvass for Governor as a supporter of
the system of internal improvements, and his opponent, Thomas Carlin,
was careful not to commit himself strongly on the other side. Carlin
was elected, and finding that a majority of the Legislature was still
opposed to any steps backward, he made no demonstration against the
system at the first session. Lincoln was a member of this body, and,
being by that time the unquestioned leader of the Whig minority, was
nominated for Speaker, and came within one vote of an election. The
Legislature was still stiff-necked and perverse in regard to the
system. It refused to modify it in the least, and voted, as if in
bravado, another eight hundred thousand dollars to extend it.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account