Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1824-01-20

that this measure may be carried into
elect, without imposing any burthens
On he people, and without eneounterins
any serious difficulties.
i The canal will DC seventy five miles
! long. | is to b IN general lhlrty-'wo
feet wide al the top, sixteen at the bot
tom, and four feet deep. The whole
expense will not much exceed eight hun
dred thousand doilars-n Can be &C
complshed with ease in three years.
This money can be borrowed on the
credit OF the state, al 6 per cent. The
annual interest on The whole sum will be
bu IS 900 dollars. For The first year,
100000 dollars will be required, and for
each of the two remaining years 100000
dollars.
| here will then be essential, in
order to pay the first ears
interest. $4,000
| For the interest of that and the
second year, $4,000
| For the interest Oh the whole
sum borrowed, $4,000
| -
| 10000
After providing for the payment Of
this sum, the income of the canal will be
fully adequate 10 defray the interest af
forwards acCruing, and 10 eXtlngulsh
with rapidly the principal.
On looking with an eye of scrutiny TO
| the revenue which will arise in time,
from this navigable communication, it
! is not tXraVagant TO state it at 32500,00
annually; bu, making allowance for the
| repairs which will be from time to time
| required, and for the expenses of superin
| tendence aud COLLECTION, do mol scru-
| pie TO set down the nett annual income
al so 600 dollars. This Will moi only
| pay The interest but III few years The
whole debt.
should suppose that it would re-
the ways and means OF paying 90 900
dollars IN three years without resorlng
to taxation. The svalls of lotteries and
banks might constitute important items,
and auxiliary eXpedlen's might be sue
cessIu,ly adopted.
- ne tHQHCCmcHGS ~ inc
measure. On this point there can be no
diversity of opinion. There is every
motive for adopting the PROJECT which
ought to operate on the enlightened le-
gislator and devoted friend OF his country.
|. 1t will make New-Jersey the great
est manufacturing country in America
The mountains near the route Of The
canal are ineXhaustable masses of valua-
bic iron ore, in all Its form and varieties.
There are besides prolific stores OF cop
per, I'm, maganese, copperas, plumba-
go, serpenline, marble, and lime. All
these val! be brought into active and
abnndan, operation by this canal.
The agency Of fire is essential to We
ry extensive manufacturing operations,
and water power is a most eligible aux
lliary. In the latter respect this part of
New Jersey is unrivalled. But her
forests are rapidly wasting away, snd ma
ny Of her iron works are already pros
traled Tor the want OF fuel. The anlhra-
cite, or glance coal of Pennsyl sanIs
(Which perhaps contains more OF the |
matter of lgDIlon than any other sub |
stance) can be obtained by Tie canal o !
any extent, and in the most economical
manner. Nsw-Jersey will be thus ena-
bled to manufacture lrh3 IN such quaint |
ties, as To sup rsede the necessity Of TO- |
reign importation, aud upwards ol three
millions OF dollars annually wlll thereby |
be saved to the United States. In our
tour through New Jersey we saw TO-
reign iron worked by foreign coal; and |
as II this sight WAS not su!fic iently In.
initiating, we could see al the same time
mountains reblen.hed with the richest
ore, and days Journey would have
brought MS to the inexhauslabe Goa |
mines Of Pennsylvania.
The'c are many ilonrishing ins,itu-
tons al Paterson and other places, where
cotton, FAX, wool, aod hemp are manu-
featured into useful fabrics. A these
establishments become more extended,
the power OF steam will be demanded. |
Coal will therefore be indispensable,
.1i it is now much wanted, as well as
IRON and steel, for the purpose of making |
and repairing the machinery OF those i'm
portant establishments.
Q. II will essentially meliorate the |
agriculture OF the country, by supplying |
4. farmer with lnne, gypsum, and |
other valuable manures, by facilitating