Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1827-10-01

A
LAND. Virginia. and The United States, 10 suo,
= rin;ion 70 the stock OF The Chesapeake an"
Ohio Canal r,,
But. if this appeal has been at all sucsess'"
elsewhere, how much more powefiuhy uoe' y
address itself 10 those whose estates a"u Put
suits are To be so greatly enhanced IN sa'ur' =.
the Accomplishment, Of an enterprise, now a
length, prought within their req, u
The delay or the Charter OF the ChesapeakF
and OHIO Canal, though una' oioaD'e' mas o'e"
pro,racted and morlifying. Lt'lc pasS'o"s'n
val interests, aud commercial Jeaiousies, no! ye'
a,iayed, and erring, al,aougA homes, Pr'Ju"i'es'
have long struggled to drira' IL IL mas SUI
ceeded: Let i not now be lost.
To IN. il is astonishing, that any man Oh APP
iIsl. in either Of the oitirs oil !tieA"'u''",
Georgetown, or Washington, should hesta'e
10 subscribe To a work of such obvious hfraah-
Il AID local, as we'll as Pubi'e ana d'rnsFe
b.nefl. yr,, some Of The p:oprie!"Ts ol me
houses and vacant lots in those cities coh'th'
themselves with the idea, hat, having SUBMIT
t.d ,h.ir e.ia,4s 10 be taxed for the small sum
which they viii have, respectively, to pay, as
their share of the interest on 4 ioan oil million
s half of dollars, they have done al! tha' Is re-
CURED by prudent regard for their OVID ln'er
esis, or a Just consideration OF the common
good.
1t is the obiec, Of The contemplated tax, how
ever, 10 bring into ACTIVITY small, Ea'h'f man
large capitals; and ont al The lnconsderaoie
contributions of tie many, TO make up SUN
which the wealth Of few couIA not supply
Surprising the real estate OF the DISTRICT 10 DE
asse ssrd in i,s present condition, exclusive sol
The United States property, at l5,oooooo OF
dollars; III, sum subscribed by lis thee cities
bears 10 this amount, the proportion oil but one
| 10 ten. r.
| As il is designed TO borrow this sum on a
credit of from twenty to thirty years, on The Sc
curiiy Of a public lax adequate 10 thr payment
OF It's annual interest, TO be imposed by Con
gress, aud guaranteed by The national fai'h; the
in,e es, cannot be expected, in the present stale
of the money market Of Europe and America,
10 exceed four per cent; aud will probably fall
short Of that amount The annual sum OF SIX
" Thousand dollars will be chargeable alter a
| few years (when the caual shall have reached
the coal banks) on property, the present value
Of which being now IS millions, wall then have
been greatly augmented | say; after trw
wears, because the whole sum will not be called
| for, but as the progress OF The canal shall re-
ouire is disbursement and five years are allolt-
! ed for lis extension To The coal banks; although
this NAV possibly. and il is desirable II should
be the work fbut three. Surprising the whole
sum 10 be on inter, st al per 'ent per amman,
then ;he charge upon the IS millions being 60,
900 dollars, it will b. 40 loo'hs, Or 25n OF one
! per CENT on the value Of eaoh taxable estate: d
! bout on. half OF the ordinary insurance OF a
dwelling house of solid ronsruotn against the
haz I'd Of fire! VIII any man ofpIoper'y con-
slider this SUN, il, ike his premium OF lhsur-
ance, il might never he returned 10 him, sui
| 6cienl contribution 10 an enterprise which Is TO
double is value, and more than quadrnple that
| Of all his vacant aud unimproved ground! IL
he had a debt imprrt ely secured by mortgage
upon ,uch real properly would he not cheerful
| ly advance larcer srm O dop5le or quadruple
its alue! II, ia any lucrative occupation,t though
without freehold es,s'c; if he has floating
capital vesed in shipsing or engaged in com
merce, would he not, # that capital, surrender
much large, proportion, o extend very
greatly the profitable returns Of the residue?--
| What Commerce has the District at pr sent?
Where is ,hr employment of rs shipping! A
vessel has been known 10 wait fortnight al
the wharses Of Alexandria for full load Of
-four; and when drought, or any other cause.
cuts off or impairs the wheat crops OF few
Counties above, the siree!s OF that city spring
up in grass
|
Washington hope pros erI,y 10 endure, which
founded on neither imports nor exports, must
soon fad limi: in Suspension of the nation
al expenditure, and the uniform and moderate
disbursements Of frugal Republican Govern
ment!
Navigation and commerce, 10 prosper, need
a variety Of staples TO sustain them. They cam
not subsist on a single one OF fluctuating extent
and value, as is the Charac ter Of America bread
s,affs. For the profit Of one years adventure
is often lost in the inactivity of the next, In
navigation, 10 make successful voyage, a car
go should be mixed Of several commodities,
and, especially where the return cargoes, as in
the West India trade, are often mixed, and re-
quired to be laid in at several ports. Where
there is but one species Of commodity TO load
every skip, ships will be few in number, and
their freight oppressive. To the bread stuffs
ofihe Potomac, trebed in quantity, let there
be added the various productions which we
have enumerated I'M the tonnage OF the New
York Canals; and to these, iron, coal, slate,
marble, common lime, stone lumber and pro-