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will enlist the capital and enterprise of businessmen to send an extent as will ensure at an early day the completion of the canal itself, and thus extend to our interior country which is even now one of the most productive in the fertile west, the full benefits of a water communication with the Lakes-

Your memorialists would further respectfully represent that the present amount of population and the increased productions of the country affords facilities for the performance of labor which would justify the expenditure within the next year of at least $100.000. This sum could be economically and beneficially expended and should the conditions of the money affairs of the country be such as to enable the Territory to affect a loan to that amount we feel justified in the expression of the opinion that good policy would dictate the measure. This would require an additional appropriation of $50.000 which could be negotiated with the present bonds for $50.000 which could be negotiated with the present bonds for $50.000 and thus provide the means for the successful commencement of a measure in which nearly every portion of the Territory have a deep interest, either by its direct operation or by its influence on other similar works which will ultimately form the links of a great chain of interior communication sending the interests of all sections in one common bond.

From the peculiar position of the Canal Company towards the local government of the Territory in relation to the enterprise we have conceived it our duty as well as our privilege to present the facts and views herein contained for the consideration of the Honorable Legislature; and we feel assured that wherever we may have advanced which may be worthy of consideration will receive due attention from your honorable body.