Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-01-13

lcrsl 90 the river Cheat, render IL unnecessary.
most s9nenine t,ieuds be equally oonfden, |
thu adequate funds will be- promptly uh,aned for !
our whole srerprze. Under such circumstances, Il
would be rash aud npro, deu, after completing the
easter section OF the ANIL, spl jet the Company
10y who.- labor costly wo, 4 had teen elf.et.d
TAI ure lo-u, or having begun, 10 coo,p!v,S, 10.
western socion. All that could justly he required,
IN eVeiu 80 gr-ailyto hr drpusr,l would he
snrrerd"r of her ieiereSt ia The unfinished york To
Aonr new assiIriation, authorized to 10 hat iheS
had tailed in accutipsi
Ontie o,hei hand, trust, our Western friends
~ u in me the IIsre ACCEPT III the canLid spirit
~ which trn,er ~, the earnest assurance that,
coull have believed ihurs were 10 .nd on this
sd" The Aieghanv, hi2hy as estimate the impo'
lance OF a mere Potomac Canal, my zeal for It's
cess would never have overcome reluctance TO
appear before the public and the puin of NY
journey To sliis city.
No, Mr. Chair man, have spprel,. nded with deep
hnm'l'aIion though no, wholly w''hou, hope, the pos
sible necessity of suspnndng, for while, our noble
undertaking, AT the base OF the Allegheny.
Justice to the West, expedi-ucy as regards the
! East that union, which involves the future
guilty. freedom. and Independence OF America,
tue, aud natures Au hor, iorhid stop here.
| Aud Vet, Sir, strong "a, t,us, these seniime
are IN the breasts OF all who hear H'r, will be diff
cult to devise, ia tie present stage Of Proceedings,
any other pledge TO our Western friends, for the
completion Ot the entire Canal, than the Resolu
fun n's ofa fixed determination, never Voluntarily,
| TO suspend our common exertions, nil we
Wed, IA The saue Canal, the tributary OF the
The evidence OF this n is s,ron- mark
ed In prescribing the mouth of Savage Creek, rather
than Cumberand, ior The Western extremity OF The
Eastern section; point, AS have stated ,hitty
miles above the latter, to reach which will conduct
the Canal over IT'S toughest path, up oil us
ieei, at cos equal 10 one-fourih ofIhc estimated
| expense Jf this enre sectinu.
This pledge is, moreover, augmented in n suisse
iuent dissolution, which n,ts until the completion
al the Western section, the annual dividend the
! expended stock of the Canal ten per cent, and
tp lis fn ts q tau i'm m he
West. ~ '"'
fihe estimates, hitherto made, OF the probable
amount of the tolls which, will lac received from the
Eastern section OF the Canal, he much san
ghine, fund will he drawn from this which,
applied - the Resolutions prescribe, will accomplish
nmch towards The complexion Of the entire Can,l.
That these estimates not TOO sauguine, new
evidence rs daily afforded IL wasF bat Yesterday
That an intelligent manufacturer Of Piusbutg (Nlr
SniIoul iniorned me he was ia the constant practice
oi Supplying coal, from distance Of SIX hundred
mile., 10 Louisville in Kentucky, ten cents per
hnShci The loss sustained IN the COS. of the bout
which never aud OF the ktbOur of The hands
VINO return without employ meuI the way, added
1" the rIsk Oi The voyage he computed four cents
per bUshel of the price have menuHed, leaving six
cents, only, as the OF his compensation, in
Guiding mercantile profit on The capital embarked
10 The Noyise
Row, Sir, ii is universally admitted, that coal may
he sh,r,d AZ the mouth OF Savage cheap terms
as AT Pusburg. The distance of the former puint
from w ash'asion, very little excerds third the
voyage honi Pshurg in Louisville, aud neither haz
ara, nor the ceii tain loss OF capital and abour would
attend ats transportation, ordinary boat on the
smooth surface of Canal. Should the tolls there
lore, double IFS prime and water carriage il
mIght YET lie supplied to the consumer, in Ibis Dis
| irici, at less than twelve per bushel. And
when this price is compared with The present cost of
i"e NOS only tide WATER bat through all that in
ier'ening country 10 which the Potomac Cual might
he conveyed, either bywHteT, by land carriage
from The river into The Interior not too costly for ills
use ii ought not to be deemed exiravasant II we
umaie tic tolls upon this commodiiy alone, very
near OF quite ten per cent. the estimated expense
OF constructing the Eastern section of The Canal
Aud II sn, when We call in 10 aud the revenue
which VIII, certainly, accrue 10 tie Company from
other sources, the provision which the Resolutions
have made far Ihr extension OF lie Canal across
the Allegheny, sill acquit them Of any seeming
disregard OF lie interest of Western friends,
whose cooperation, IN our common enterprise, we
must all he aware that its essentially depends
IL wiI be fo, the West decide whether, having
reached the Eastern base of the great chain of noun
iaIns "ch DIVIDE rs, the genus, The enterprise, and
The resources, of so mary powerful states, shall lac
"sied al the very point where avenue, provid
eel hv nature, inviles them TO proceed
The conditional Limitation Of the profit of stock on
the eastern section OF The canal All CHIT have been
due ed as low eight evrr Six per cent bur for
Two considerations one aiising from The of
late compromise with the suckl 9ders of The existing
P"'om'r Company. which allow them 10 participate
III 'hedivideads of the company proposed he esIb
] he'd, whenever the later shall have Melted ten per
&c NJ; per annpn' on their expended stock. The 9TH
er II deGucihe IT, The obvious necessity OF pre-
senting 90 private Adventures sufficient incentive
I" subs rbe to tine siock of the company long
as, acc"rdi"g TO the provisions OF the late Virginia act
Ut incorporation, we are To rely on private subscrip
IONS for adequate funds 10 commence our opera
tIons. IL, hereafter this reliance should prove abur-
i've, and as necessity be superseded by the eDghien-
ed literally of Congress, aud of the leg islaiures of
Ihe several safes whom coniein plate an appli.
ealipn ioT AID then, indeed, is earnestly TO
be desired, the western section Of the canal nay he
begun COtenIpuI ously with the easIerp and in
eUtITe work accomplished in the four wears allowed
nv tie rcsouiiOns for the complexion at the latter
unlocked FOR success
Ihey offer to the Convention graduated syslenI
Of measures, capable ofextension contraction,
coIding In circumstances, and leaving those he
weiShrd 10y the supervising power of that Central
COumrtfc whose constitutions will smrceed our
over and securing to the friends nj the Canal the |
benefit Of every passing event. They proceed no
further ~ detail than 10 point the efforts Of our
ifi"nd~, Dispersed over extensive territory the |
properly uf different governments, TO one common
'nd, 10y previously concerted uic. MS.
Oi this end, some qualities ought 10 he considered
essential, and ~ many Of these should he dcfn-
cd rs practicable, consl- tently with the time which
IS" may allow ourselves FER deliberations.
Ia" correspondence which will succeed our dispe- |
IS tar imperfect snhsItc for The free inter
change ui nuniGn which enjoy aud TO avail
ourselves of the latter proceed saIr, that, after
vrrv mdin'r tore"orn0n. II seemed TO me most |
"Ivisa e 70 hu'll III" charter of our company |
on The basis Iur'tisilFd 10y the Oi the general
s"uh'y Of V"ginin of the 22l Of February last, aud
Ia agree, among onrselse-, on such amendments Ms
we my deem necessary exprdent ~ for our
enlarged purpose. This act contains several veTv
valuable pfOf'snus. twas passed with great una
riny the d1y which gave biIti 10 iie illusirious
founder OF enierpIi1e. II is but courteous 10 ac.l
ceri Whist hHs heen generously accorded.
80 ~ reEir'i~ the eNtcnsiOn aud course of the
EIr.l, us subdv into seciions, their Ella
ave c-s.endeuce, and the authorities from which hp
r"nIrmpai- charter should proceed, have aniici-
pnrd some of t~ sUicndmen@ which unr memorials
pr ed lty tbp re- ]