Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1831-01-11

en'es. M, only on account Of the srchss bu, also
No necessity OF sustaining SUFFICIENT elsv sou Tor tt1
purpose by frequent entertainments $500. -
Again, high level would here a. IN canal. be ne.
s'sry TO Keep the railway above the reach Of hish
no,d'; hence u heavy expense in vsllps along cliff.
aud emNs nkments at dept ,,ion.
nese anu other deta,s Of construction, too minute e
no snnm~rsed. can leave no doubt, that on the low
C MI.
Asr regards considerations Of convenienev Il |, ,iab
70 some OF the obeclas oil canal with perhaps addi
| tonal 70 GO.
In IN first place. II can accommodate only one aid
oil the river. and that even less than canal which
ue 'eedrr, al 'eas, has communicative open with tn
stream; whereas, here frequ, Mt and expensive briv.
over tn. river would DO hs only me aus 10 place IN
| ratway upon sPar with the canal in this respect
~. The division OF tho low. & ouuds by tho line O
! canal. -
Sd The expense Of fencing 20 opero,, on the canal
would De Increased here, as likewise the difficulty
keeping the work In order, where Il would bs liable
be crossed at 60 many points in farm. b,opy,y 10 b
'sms owner on both ,dss OF ,hi. road, which vii. gen
efa,I divide the buildings from the fields.
| Even win accommodations provided for both
"ee o. me river, the necessity Of oxac.ing high tell,
10 prsduoe an adequate return on an expensive i'm
P'o.smens would favour, at particular stages, cont
nuatton Of competition OH the river, until the amount o.
'rads had permitted reduction Of tolls sufficient e
otvs away acompeu ion until then injurious.
o. IL railroad be made down 10 Maid.n's Adven n.
'rat Of the produce boats must take place
mere or else the railway be extended al etn
dsratds cost 10 RichnoUd.
oh the article. to be transported on the lower par
YER are n c.llaneou,, bulky, and scattered
e'on tins line They do not require speed OF trans.
Iporiaon, and consequently, in every respect, car
'so'e advsnsseousIy DO carried In boats ,h,n iu
| gons.
la order TO Investigate tn. question fully, th.re r.
mains now TO consider the probable revenue Of each
kou Of impro,en. pt This 10 equal 10 the saving the
expense OF transportation. available Tor tolls multiplied
oy TIE numbers OF tons 10 be carried.
In the hrrt Place, regards the u,no unit of trade
The emates made in 1896. were predic ued on ouan
NY o. S42a+ ton. Of produces and msrchAudiz , OK
elusive OF cOa, and plaster.
In 1928. the trade had already inc eassd 10 Ir,duce
ard merchaudizr, 40 800 tons,
CoA' 595, 800 bushels,
e,swenue tsr which was 1929 90
dues, was SIS AGA 90
For coal, 1888 90
Col, 6OI2 O.
Inc rapid inereae exhibited here, speaks we'll for
BY simple proportion. sufficiently correc, for the
purpose the return of 1880 found TO correspond 10
Coal, very nearly, 100 900 bu.h.I,
Ihese amounts will DO assumed a. tn. quanu,v O,
ns'e on James River below Lynchburg, although a
more rapid iucrease must evidently he tho imm. date
consequence OF superior improvement, when we a .
tha' tho trade has regularly advanced under the me-
sent uniavofable circumstances but, my object IN
PRESENT the following Calculation, not as speculative
oUcusions hut with the stamp OF decisive and inme
date certainly:
The cost ef transportation between Lynchburr and
ehmond, (loO lniies) was estimated in 1926.
ny i i"g eanu' 81 SO per ton
by n. railroad aud lower canal. it
might be Ia
In, q h~i To-,
cost Of transportation by sst,erax between Lynehbuss
and h;ehn'nd. was estimated per ton.
al 10
From which. in order to secure
saving in thir particular, 80 wa, deducted.
Ls"vns. { caver Ia !, and ttans. -
por'a!'on GU the Improvement, 81 81 per ton.
Por'ston on tho several improvements, as above:
Canal Locks and Dams. RdI-Road.
Tn. amount available ior Toll, on each, will Be "
Winch. IN so 900 tons, Zone half only irom and to
Ly 1 would pr, dnee respectively
$225 900 S229,50O S25Ol25
Now, the lower canal has cot $40 600 The new
canal was estimated at So 900, il made all the way
THIS s'ouii re aso as admitted above. the cost of
co"pet- railway. The canal, by emitting the section
81 963 600, QS26, page 4S9.) The OK and dam i'm.
prov ment wa estimated (lszs. page 25s) at S664i4O
To these several estimates, adding the of the lower
canal. the whole cost OF the respective improvements
would he
$2,603 900 SI,304,II0 S279O 900
Which would produce tor dividends & annual expences
S2os.24o Sil5,2o6 60, (r.port OF 1929
SEES, 200
These sums compared to the above amounts that nigh,
be obtained rom t"l', shew that the present trade
TO LynchburE IL sufficient to justify ether improve
nen', aud would leave each, viewed indie pendent
Iy OF the other concerns OF the James River Com.
parry, surplus e
Canal SIC $50 90
Locks and dams, III 293 40
Rail Road, 26925 90
which should be ad led for toll 700 900 bu .hes
OF coal, ST 900 90
Water and grculd rem. o477 90
-SI2 i77 O6
Rsi'ing each surplus to the following amoun
CanHI, S292S7 90
Lo ks and dams, i26770 40
Rail- Road, 80 1O2 90
Applicable either to further reduction of to or 10
the ex ing usbmsnt OF the debt; suit niue h NOR .
ha'terng than that presented in 1925 page 4S9 when
an increase Of onstbrj OF the trade was ed ne
cessary 10 jusiiy the canal. This increase has now
betn exec eded.
In connexlon with the general debt charee abba on
The Fund Tor Internal Improvement is now proper 10
view each OF the new Improvements, by making a cal
cuiaton OF the annual revenue similar that OF 1898
pa &c 253. rs follow:
The pans sire ady obtained, amount
On which there l, paid an inle-
o., of Al, ara St,
From which should be deduct.
oil the coat Of the lower canal
already Introduced in the pre-
ceding calculations, $40 600
cd lite proper iopai interest, 81 293 so
The account will then stand thus: -
In.rreH OF $500, 900, expended in work. not
included in the preceding calculations
and estimates, "a $50 90
vidends on 100 shares original
stock I6 S00 IN
Expsnce. Blue Ridge Csnal,KA-