The Massachusetts spy. [volume] (Worcester [Mass.]) 1821-1823, 1822-06-19

justify the expense. let as see il these OBJ.
lections are well founded. No maxim. per-
maps. is more true than ihts--tliat where the
iaplllties for business, are greatest there it
wili Centre; and. wherever there is an OPEN
ing Tor business of any kind, there will always
pc enough ready to take advantage Of it
Many notable instances Of this kind might he
ened.-Baltimore, few years since, was but
an Insignificant place, and, although situated
~ The vicinity of the great commercial city of
rhi'adclphla, such are its advantages for coun-
Try trade that it has with an unprecedented
rapidly Increased its population TO more than
%, UC3 souls. Where the grand New-York
Canai passes the mountain ridge, the village
CT l,ockport contained but three families. on
the 18th Of July last; yet the passage of the
canal through the place, made such an in
crsase OF business, that, only FIVE months al
ter, i conts,ned two apothecaries' shops, four
stores, 1--we taverns, sundry groceries and Wet
Mailing houses, I'm all so buiidings,l and 337
inhabitants, with a regular weekly newspa-
per
The supply of goods in Providence is equal to
the present demand, and the demand for pro-
dace IS equal to the supply and although both
should be increased tenfold, this would still be
the case. This granted what would prevent
the trade going through the Canal? If two
things are offered me Of equal value. and one
at half the price Of the other, shall moi take
the lowest? And viii not trade. as well as
water, find its easiest channel and its proper
Level! If so, then cur trade would, surely,
60 through the Canal, in preference to a far
more expensive land carriage.
10 judge whether the income would Justify
the expense, the expense must first be ascer-
tanned. Twenty-seven miles of TIE eastern
section OF the New-Yo,k Canal. being far the
worst part OF the whole route. with more than
100 feet Of locaage, was completed last sca-
son, at cost Of about s 10000 per mile. This
is believed to be worse than the most difficult
part of our route. Beside. the New-York Ca
nal is 30 feet wide, or 10 feet more than the
ordinary width of common Canals. Judging
then from the cost of this, and other sections
OF that Canal, the following must be high
estimate of the cost of ours -
Allowing the whole length of
the Canal to be Is miles, the
first 25 miles at S 10000 per
mile, is S250,0GO
Inc other 20 miles at 5 600 240,0O0
Making in all, $4,000
- '-iNhs ANt 'uS SNhS Va ~ TpuIiu uuu1DCF, we
will call 5 509,0,l0, the annual interest of
which. at Per cent. is s 10000. Suppose,
tien, that only - towns transport, on the
Canal, 400 tons each annually, which must
fail far Short Of the reality; the aggregate
viii be 1880 tons, giving, at : 3'per ton, an
ANIMAL income TO the Canal Of s. 400,
which will pay the interest and leave sur
Plus of S 400, and at the same time make
saving IN transportation Of s $4,000, or the
iaterest of near one million five hundred
thousand dollars. When we consider the
snalincss Of this estimate. and the vast in
crease of business which will result .om such
facility, we cannot doubt that the stock
tnnst eventually be very productive
] may hereafter present some further views
OF this interesting subject, which, to my mind,
are not less conclusive than the foregoing.
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