Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1830-02-10

clusiOn was, that if ihty were A b,i.
par instead OF being Gas they are) So n,n VEG"
bove, they would be at the far NOR. rs.; i,
price. 'h
Considerable putting has been used :.
erAl public atoms, for the purpes. Of ,nS' W.
ing the value Of the shares. The s," ".a''
has been very forward in This bu,irs,.' 'm'a
nifying the quantity Of The goods tina, "'s'
v-yed between Liverpool and Msu,bs,,.'''a
double their amount, and, in some irvs.."
even lusdruplng them. The eyld,rcs a;A
bffore the Committees VI the Lords and SS"t
mons, by those bsst acquainted with n. ~
S ated the quantity al one Thousand ion. "'
day; and, before any person again yer,n,. pr
give the present premium for share, Il, a.
satisfy himself Of the probable cos, =, ' ~.
Railroad, with its necessary eonvsne,rs, =,
wharfs. warehouses, cranes, s.e.m>rnpiD,, ~,
all theether vas, mulii'udeof apprndsc., 70.
size for the ou,h, Of the under akrnc; and ~
he has done this, lei him make his cslcuI,,;.
as To the tonnage rae lha, will he r,o.;.
Composing The Railroad 10 get every pound sfS.
business fom The present ,oaier conuyany,i
pay even the original proprie,ors FIVE her n ...'
auc keep their road SC in repair. Such w.
sons viii find. that goods cannot Sc coO,.v..
at a cheaper rate by the Railway than w,
the Canal. But, 10 suppose shat the Rail-,
will ever take half or even a MUd Of II. r.
Sine IS from the water routes to Msurhe,s,
perfectly absurd, for the great weight Of =.
anicles passing between the two towns can -
done better snd more conveniently By v,..
lhan the Railroad. AL hough Mr.. Jane, Go,
per talks Of hearing Of or seeing good, CIV.
veyed between Hull add Liverpool a, abop, :,
Cd. per. ton, fancy that both Mr.. Sie,hsr,.
and himself will, ere long, be thoroughly cor.
vin:ed, that they have made very rrror,r,
cal ula;ious IS 10 their capacity for carrr,
cheap, and that before another year el.D,s
The proprieiors IF The Mersey and Irwsp .r
tie Trustees Of the la,e Duke OF Bridg,s,r
Will set them an example Of cheap carrvn,
that will surprise the original proprrrqrs a
the Railroad, and be prrfec'ly astounding /,
the purchasers Of share. a, a premium.
do not, Sir. wish TO lessen, OF dslrsrtfror
The merits Of the undertaking Of the Raro,j
or from the praise due 10 the or gnal corc,r
ers or promo ers Of the design: they drsn,
well If the port and Of the towns tonurc.I
with her commerce. But their reward .Dou!
be derived from more legitimate source h..
the premium paid for shares upon which um
is probability of there never being divides.
paid, and moral certainty that, should k
contrary be the case, it would never nsthte
per cent. for the capital expended by the on
ginal proprie'ors.
My advice, therefore, is, 10 those who vh
to purchase shares. wait unil you hear Of
dividend being paid; 1t will be more cousis.
en-, with common sense 10 give f3oo Tor a shIy
after dividend Of elo has been paid upon
than 9lSO while the work is iucumpth al
while you are ignorant both OF lis capitiiJ
and Of The grea powers and resources u ls
two mighty nater carriers, who, in alremp'ly
to preserve a business which length Of yea,
has given them aImos, a legal lille 10, MAJ
blight the opening prospects Of the Ral'N
shareholders 10 an exeht that they may n,w
be able 10 recover the shock. My ad'it
again, is, wait Nm. ii dividend is declared, m
the amount Of this will, with the report utld
may be sxpecred TO accompany il, give ,0si
correct idea Of The value OF the ,Ears III
present premium given 2a,'akes Ct, or 'bu
" allied TO. the worst species OF gambling
and, il persisted in, we may expect 50 lsTn
Spectators 10 Railway shares are ronerIMa
a secoud edition Of The 1875 bubble.
HIBERNlCUS