The Alexandria herald. [volume] (Alexandria [Va.]) 1811-1826, 1824-03-10


The population of the towns in the
district of Columbia is as follows
Alexandra, 8,2I8 souls
Washington, 1S,g47
Georgetown, 1895
eS,ss0 persons
Say they consume one cord each in.
habitant, or for the sake Of round mum.
bers 90 600; cords Of wood eight bushels
OF coal is supposed equal to one cord of
wood. Ii therefore you multiply the |
number of cord by eight, it will give the |
supposed amount Of coal required for
the District, $4,000 bushels I; say
that thirty bushels of coal is equal
to one ton, that will give 7,753 is tons,
the transportation of which, from the |
coal mines, at 30 per ton for upwards OF |
200 miles, is equal TO BIS, 466
Coal for Harper's Ferry iron
works of every kind, and
all other uses along the
river, TWO thirds Of this
amount, or 10000
Lime l. among the most
valuable manures for all
the lands along the Poto-
mac and now sells on an
average. IN Montgomery
county, for S7A cents per
bushel, and IN The District
for 90 cents at the lowest
per bushel. If, therefore,
the price was reduced TO
l22 cents per bushel, as il
surely will by cheapening
transportation, il would be
in great demand as ma
nure, and for architecture,
throughout the states of
Virginia and Maryland, and
the tolls on this article may
reasonable be computed at $4,000
Giving as the total receipts
from tolls, the sum of 1895 466
These estimates are evidently, on the
lace OF them, much lower than any
heretofore made, and allow for no in
crease in the productions now broue hi to.
& carried from,,he markets on the waters
OF the Chesapeake, with The exception of
the increased use of coal, lime, plaster OF
Paris, and fish /; and very low estimate
IS made on these articles, much below
whatitis confidently believed will descene
* ascend by this route as soon as the work
Is finished. The interest on S2,75O, 900,
me cost OF the work. is, at E per cent.
Slb5,O 900. The amount then received
from tolls being 500, 1866, will give ep-
wards OF IA per cent.-to be calculated
from the time when the work may be
r = lat En- r.
herein contemplated And this may
| fairly be assumed,as it must be knowr,,that
assoon as the work is passableto Harper's
Ferry, at the mouth OF Shenandoah, which
! has itself a navigation of upwards Of one
hundred miles, and is distant from tide
| 583 miles, about one fourth of the dis
| lance to the mouth of Savage, the tolls
| will be considerable. And il is probable,
that this much of the work, ifa company
gets fairly into operation with the neces-
sary funds, will be completed in two
years, and ready to pass boats by the
worst parts of the Potomac stream navi-
| cation; which will enable coal boats TO ge,
down to tide which noU never venture
farther than harper's Ferry.
| Fourteen per cent. on me whole
amount invested, by the state III money,
say S362,27s %, will give on that sum
l0per cent according to the rule pre-
lscribed in the charter, and per cent on
account of the stock and debt oil the old
Potomac 4 per cent on the entire origi-
nal stock OF 2,750,0oO dollars, being
more than equal to six per cent. on the
whole amour assumed by the charter
on account of the old Potomac Company.
So that the state will resuscitate stock
and debt now yielding nothing, into a
valuable stock yielding per cent. o.
the money invested she will receive 10
per cent. Ten per cent. on S564, 272
and 6 per cent. on S157,7s7 II, viii
give the state annually, S44,490 90
The fund required to be set
apart by the state 10 pay the
| interest on the loans necess
sary for this work, was Sls,ll9 81
These items together give for
the use Of the state and 20
redeem the annual sum Of 862, 500 81
Tho nm Of So2y6Os 81 employed as