Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1826-01-21
CAIUS GRACIOUS.
FOR THE ENou1REp


JAMES and kANAwuA RIvERs-No a
The question (of No. 81 occurs, how is This
capital OF $1,000, 600 to be refunded We an
swef IN Tie same way in which il was raised viz
oy sinking iund, constituted of the surplus tolls
amer paying The Interest on the capital las No BY
arising iroin the immense increase of trade which
must be consequent on the completion of the works
- 'h'aleriai' II ms capital should never he refun-
ded-ist because the leaders of it NAV hold it a.
permanent STOCK, or real property; descendibIe
from iatber TO son, or from owner TO heir forever
nor need The owner of such stock wish il redeem
GU as iohS as he can draw six per cent per annum
h'eies' Oh lt' or transfer II TO a purchaser AT or
above par. "a. And because the state. az bnrro,er
In ms case, need never be anxious 10 redeem the
capital while the Intrinsic resources of the works
are adequate TO pay the interest on il, and thereby
prevent 1t from accommodating. But les, some Of us
shoud dislike the idea of remaining this much in
debt forever, we will endeavor to shew tina, this
capital Is susceptible OF being redeemed within a
'efm OF years, by the means before stated To
prove this let recur to facts:
The nett tolls on James River for the last ssver
years, is about S32, 900 per annuu. exclusive of
ing additional Toll on tobacco this year The rat.
VI ue'cehdhS transportation from TO 10 cents per
ton per mile; and oil ascending transportation. from
IL TO 20 cents per ION per mile After IN. canal
Is completed, the rate of transportation. both as
cendinS and descending, will be. as we see in No
o. only one cent per ton per mile would il there
lore be Unfair, after the works shall have been
completed, to double the toll? still keeping largely
Deiow any construction OF the famous pIedse'' of
1ahpdry' loZO. 10 sbew that his would not be
unreasonable, we will state case or two.
lst. The Carriage of ton weight Of flour for gym
pie, from Columbia 10 Richmond, is abou, 90 IN
ioh' 90
Total, GO 90
Complete the canal, and the carriage 1.-THE dis,,,co
""e 81 ui'ies'J VIII De only so 81
Toll, supposed doubled, 2 co
., Total, only 254
"a The carriage OF a ton from Lynchburp to Rich.
mond, las miles, has been from to Is doIia,s.
'" why Sc 90
Aol' / 90
Total, 7 90
on the canal. tie carriage would be only a AZ
Aoi doubled, . 90
=, w. Total. only 4s
ID. The carriage Of ton from I.exno,o,,. ~
buchannoa, to Richmond, has been si7, !.
$40 90
1oIi' 90
complete The canal, and the carriage will be- from,
W Ticnnond, only 81 90
Toll doubled, 2 90
o..,-,, io'aI, only 90 81
Our toll thus doubled on James River. would ex-
ceed Sel,OOO 90 exclusive OF this years extra
rate OF toll, on tobacco.
From 8 TO 600, 900 bushels of coal. e,,e, MA
mond annually, by James River; on viii there -
PAD not quite ohe-iourth OF cent per bushel foiI
al present. II the canal was completed, Il 1yoni1
oe unreasonable to pay one cent per tushel toll.
upon mat article: because that would not be co..
:, 'oiI da 1dloToa, than the present toll upon sore
. J'nei srucies. This would give ao increase ~
about 5000 per annum. %
~ ns tg.l heretofore, on hogshead Of obseeo nj
~ =" iooV weight, was only about As cents. lac, |
year ms toll was increased prehsps It was ;o
cressedgoo much; but. If the toll o f, tobacco yv,.
equal 10 that on flour, viz. about 5 cents per Ioo
pounds weight it would yield about 80 cents for
''' 20 cents yielded previous 10 this year; and /