Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-04-14

received on that article. il will only
amount To one million. This, al two
cents, lie toll fixed by The act. will yield
S 10000 90
Which "ill borrow say. ..... $50 900 90
Aud leave, PEI, dHHvm, Tor ex-
pensos and repairs ............5O GOO 90
Thus again leaving an ample sum Tor
those lccis.
Bmi we may now fairly suppose that
gradual Increase, IN proportion 10 the ini
pfovemcui o! the country. has taken place
IN the general tolls. find that the ave
rage tolls Of the five years, next preceding
the Ia, tive, was. 22. 776
beng less than The average OF
the latter by. ACKNOWLEDGEMENT 6, 500
anu HAT taking the average of the five
years preceding these, the increase i'll The
Latter over the former Was. ....-..S q, 1872
anu as the annuaieXpenscs on the river vill
aoH be considerablydimin nv the i'm.
provcnents supposed IL be made and as
iarihcr sum of ) 5000 per annum is also
appropriated 10 that object, We may now
safely say, that on an average Tor ;he next
series of five years, the general increase
OF tolls, exclusive o. the toll on coal will
give us further sum, per anIum, al
$4,000
This Will pay the interest an
inf'Gcr ioau OF. .............-.IO O, 600
There viii then be IN hand the
SUI" Oh ........- .3oo, 600
for the Improvement Of Ia, ueA, section,
10 Wit, 10 the Ri,anna river.
The expense OF this Is estimated al
Sl7I,S
i'u; say IL will cost double, or. .:543, 662
there Is money enough III hand for lis
complciion.
find loo that the plain ercar1tion and
iochoge, on this seciian, bears nearly The
same proportion 10 iiie other work as that
o' The hrsi section, 10 wit, for ptnin e1ca
ration and iock0ge, &C.. sis, SU7
Leaving, Tor The more difficult anil
uncertain paris .52 ,0G4
So lila, allowing one fourth, for error in
the first, there will be letl "a probably
applicable 10 The more difficult part OF The
work, 1874 l53 or nearly four fold The es-
innate Tor 1t.
From the sumeHcSS OF the ground aud
| warks or tie river as far as Lyuchburg, |
presume The proportions thus far will he
nearly The same as in The two sections
above ; and therefore have moi taken
The trouble 10 make further calculations
on this point.
will be excused for entering so far in
10 detail, my object being TO present. IA
| correct statement Of facts, the accuracy
oi WHICH has been and can be tested bv
| recurrence 10 The documents referred
10, IN order that every one may Judge for
himself as - HE soundnesS OF my con.
illusions.
When this section TO Rivanna is com
| pleted, which will occupy say five wears
more, The expenses necessary for The bed
OF the river will be greatly diminished,
whilst the general tolls, from the improve.
men, ct the country, and The iransporta.
| lion OF articles not now seat down, NAV
| safely be supposed 10 have increased, at
least agreeable 10 the ratio above slated.
ms viii add to the annual income, for
The next series OF i've years, the sum of
G,0OO
Which will authorize further
lodp "'..... ....... .......S 100000
| But during This series also the coal NAV
| be estimated al least al Two millions
winch, alter leaving S 5000 per ann. Tor
repairs, will borrow a further sum of
250, 900
| In addition ia this, the improvements
! now made will have produced such an
| effect III iie price OF transportation as TO
| justify raising the present rates of tolls
! according 10 The provisions of the act.
| Let Us suppose That the price of trans
4
less than il is al present, this will Justify
raising the present rates Oh all articles
except coal, one third of this reduced
| price. The present toll is 10 cents per
| barrel. Thus will he added 10 the pres
! eni rates one halt, or so per cent. AT The
time now contemplated, though the tolls,
according To Tie present rates, are sup
posed TO prodHce .S4I,I 1917
| An addition oil so per cent would
| S'Viu dDnut .'''.. $50 900
Ia say nothing OF rents OF wafer works on
| lie lmproyem' MS now made. But taking
all together, say That the increased income
| or ihls score will not exceed IS 10000
This will pay interest OH a fur
| Ter sum Of. .............. 6 25O, 900
I And thus We have for further
improvements. .......... 5000 600
| which is more than double The estimate
for The next section 10 Tye river.
As these improvements advance. The
use OF the river will increase, I'm propor.
ilon To Tie Improvement Of the country.
and Tie Increased facilities OF Iransporla
lion, and consequently The general tolls
VIII augment even beyond the ratio above
assumed. The price Of transportation
100 VIII diminish SO as To authorize, from
line 10 iIme, a further advance on the
general rates Of tolls. The coal trade.
and the trade on the Kauiiawa, NAV also
be expected to have encrea ed much be-
You'd tie interest OH The monies approuri-
aled 10 The road, so that it is unnecessary
to pursue Tie calculation farther.
On The whole il appears TO me almost
equal 10 a mathematics demonstration
that u the expenses are not entirely under.
rated, the profits Of these rivers must
improve the navigation of both, To the
ufutnsf pxfst,t fI,at tI. &C.,, =. Il.