When the bill authorizing a subscription on the part of the United
States for stock in the Maysville and Lexington Tumpike Company passed
the two Houses, there had been reported by the Committees of Internal
Improvements bills containing appropriations for such objects, inclusive
of those for the Cumberland road and for harbors and light-houses, to
the amount of $106,000,000. In this amount was included authority to
the Secretary of the Treasury to subscribe for the stock of different
companies to a great extent, and the residue was principally for the
direct construction of roads by this Government, in addition to these
projects, which had been presented to the two Houses under the sanction
and recommendation of their respective Committees on Internal
Improvements, there were then still pending before the committees and in
memorials to Congress presented but not referred different projects for
works of a similar character, the expense of which can not be estimated
with certainty, but must have exceeded $100,000,000.
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