Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-01-27
S I2O.OOO

sent rate Of tolls: S $4,000
per annsm for 10 years, 500 900
Si,l45. 500
In examining the foregoing statement,
il is proper 10 observe, thai no tolls from
the road are brought into The estimate,
although some, and probably 10 a cousi
derable amount, will arise, in The course
of the twenty years, and will make part
OF the fund for The payment of interest:
that no allowance is made for tolls upon
aril les going up The river, which, in con.
sequence OF lie facility of navigation,
would probably be very great, upon arii-
cles necessary for The consumption Of The
neighborimg country ane' East Tennessee:
Thus resource would be applicable 10 the
payment OF interest, and would probably
be very considerable. Nor is any allow.
ance made for the natural and steady
increase Of the downward trade upon the
James river, which, Judging from past
experience. will be great, and afford other
fluids for the payment Ofinleresi, and no
more Is allowed for The increase of the
coal and salt trade IN twenty years than
30 per cent. whereas, in all probability,
both would be qmadrupied. All these
considerations being weighed, II seems TO
be reasonable conjecture, thai The pre-
sent rate of Tolls on James river need
never be raised. On the other hand. the
present revenue on coal received by the
James River COMPANY. is moi taken into
the account, because il is inconsiderable
-siuce they only receive Toll OH The coal
boats, as on emptv boats passing the
canal.
UpoD the completion Of the work, a
tariff of tolls should be adjusted on equi-
table principles, which should insure an
:mEonie amply suihcIeni 10 meet The inter
es' on the capita! expended, and all
IN sltssBtai expenses. And as upon any
Hstt fate OF sqliss the income would con-
biseaiiS uacreases the surplus income
shoaid be reserved, TO be applied as
sinking iuad, hos Tue exiiHgulshment of
The prIncipSi dent.
Inc consiafration, iiSf upop the plan
proposed, the whole suhje,@ viii be con-
imnaiiy I'D lhe power, and uadef the
controi oil Tie GSaefdi Assem- Ky, so
tilat tney may progress toihe Goe alsiiJn
OF 'he WORK, or suspend ,'s7'ss may ne
io"hd expeoient AFFORDS on additional
reason. why ms pan s"aiie ts adopted,
Rather man an 'lia' OF incofporaunE aeon
pahS LOT 'he purpose Oh eHrciing ssis IN
pi1Fe'ren!. $50,
Is peieVeu, t'at upon pieGge uor,
,"e pay f"eht q, ih'Pres') OF cents per
ouS"el upon ,he san OH me NahaWhd'
WIN "'hef IONS on 'he same river, ac'
"','"S W nc '"'h 'ep"ite" I'D TUG Oeh-
e,"' ass "oiy' III ihe supPletneHtdl report
y, 'ne I"S' ear an" OF cents per push
81 oN codl Oh 'He James RIVER ana OF ne
p'escht Id,nts river IONS AMER SeiiihS
ap"i' a suh'cieh' 'uhu iDfreoht, 10 pay
'"e ordinary expenses OF coilecIioh anu
repairs, nhu TOT conpe"sanh9 me pre-
sen, S'0chnoiueTs; WIN power reserved
!" ,he LeSiS'",uIe' 10 impose auel'ioHai
'ol's "" 'ne 'a'"es RIVER aS me "oihS
"y p,ps'ees ahu petn"e "Se,u' anu VI
'"e .ons "n .le Iu"u' loSe'ne' VIM
pIoV,sI0',' ma, any uenc'ehcH va me pay
'ieul Va "ie 1,eI'S,' ro" ,i'' ''"us so
Ple"Seu' s'i@'i Dc "id"e goo" oHt OF Tue
income VI 'he 'u'iu ior ih'e'n"I improve
mem Tue sums necessary LOT carrying
ne foregoing piahs III" execution may
rom 'ihie 10 'i"e' DC porTo"e" DIS 'hey
may Oe "anied.
ne bodfo OF "p'lc WORKS 90 nor re-
cohme"u 10 me beneta' assembly 10
p'ot"c W, "dNh'E sout' any "eiict"cy
", ,he '""uS oppioP'lh!eu'o' ''e pay "e'it
% ul'cTeS'' our o' Tue income oi ihe iuhd
''f ih'eIHai improvement uhueT me dp
PreHehSI"n '"d' any S"cn utncle"cy VIII
"NCui pui "eca"se ,heE th'.h 'na' such
pIe"Se WIN give uuoounie" confluence
10 most "no may ne "iSposed 10 Fho
nIo''' q, sly P''ceuluh per a''num' UPON
III "OSoIutC assurance OF I'VE punciu"l
pay my intht o, interest,", anu i've Securiiy oi