Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1832-01-24

NAMED part OF the State OF Virginia; Sh,.
we have been subjected to such an aftermath.
to involve ourselves in this enormous don,
save our commercial standing, to secure o. q, IS
tain the trade OF the State of which Ne vn IS
have been part. Or to lnse such standD, -,
trade. cannot believe that We would. h., n
that as it may, here we are in the diemw, j &
we say go back. we are told lhat the addu,,
taxes are more than we can bear And the 4, r
we must pay, and therefore we ought no, II &. Is
SO. Now, sir, let US make some calculation
ourselves. We expect to pay the debt: G..
gress. we are satisfied, will never pay 1t 6,
and we could not. with decency, ask any s[
else to help us out Of the difficulty. r,r.
tina, those who argued the case on SATURDAY y,
so much ability did not think to show U, 81,
Cali ulaton as to the probability of our ex,rj, 3
ing ourselves from this over sheIming embar,,
ment. without consenting to dissemble our hoDs s.
sentiments, and 10 make barter oil the puyie,.
OF free citizens, for whatl-to avoid pawn, 4
small amount Of additional taxes accordiD, j,
the property sc possess, which if arranged Vi,
the population of this county would not, a.,
rate. exceed so or 81 cents per head per ANN,
Now, as they forgot it. let US see il such Gale,
lation cannot be made without any eXassprati,
whatever: for it is truth that want to arrive
The Chesapeake and ONO Canal, to which 90
600 dollars of this debt was subscribed, Wilt,
Spring be placed under contract to WilliamsDr
in half-mi sections, which will insure. at Yer
early moment, its completion thus far. and WI.
80 furnished must, if ever, begin to yield hant
some profit; and from the moment that
navigable to Harper's Ferry. If the calculaira
Of those conversant with the subject are corrrt,
it will be profitable stock. From the spirit VII
which the Directors have acted, since the decS.
OF the Court of Appeals Of Maryland in their
vor over the Railroad Company,w may reasOn,S
calculate Of its beng completed to Cumbrrl,p.
in very short time Well, from the coDmpn;s
ment of its profits we will commence the caIc.
lation-and if the opinions advanced BY IT,
knowing ones Il believe at the Town Meplia
which authorized the subscription) be couec.a
have right to consider that we have made I've
ny profitable investment. Suppose it commences
by paying three PR cent U. S. three per cent
were worth IN New York on the nth Of hII
month &c (offered.) That isa redeemabIe stool
and ought not to be worth as much as permansti
stock. But at that rate our subscription Wup.
be worth TO US $4,000 When it pays Al p.
cent, it would be worth, according to the pdr
offered on the above date tor New York d, he
deemabe) LOG. which equals S265, 900. WmI
it pays per cent, It will be worth, according d
the price offered for New York Canal Fives re,
deemable in l845. us, which would yield "
for our $3.50, 900. 1897 ,5O3. When the pro6s
pay per cent, then, by the prices offered fG
New York Canal Skies on llth January, redeem
able in ls45. viz. 100, our Sa5O, 600 would, n
sale, yield US SSOO,O 900, which would relies:
US from Market House as we'll as Chesapeake an
Ohio Canal debts. And when the Chesape,t'
and Ohio Canal pays to its stockholders these d.
vidends, our lateral Canal will no doubt be .uf'
Gently profitable to enable Us. if we are dispose
to sell, to make it reinstate US in what we ms
have expended in it Therefore, il these catg
ations are true, ,and il they are not we have bee
deceived by those who pretended to know 10
stead Of being prematurely buried IN the bog Il
which we are now apparently entangled it veg
to Virginia we shall have these additional taxes {"
pay for few land very few years, and Thea
we may, If we please, throw of this deb, aho
snjoy, untrammeIled by any thing, not Only he
great pecuniary advantages Of this noble Can't
but also the rights and privileges of FreemeH'
which our ncighbors on every side Of US are III
full possession Of while we are wearing our chain'
as if they were decorations that pleasedus.
We are told that It is bad policy in US now u
say we will. If we can, again be Virsinians in lac
as We are in feelings, because that We have ~
piled to Congress for donation or subscrplI'
to our lateral G anal. Let US examine thl, pa
of the advice given US. The Committee have
prepared bill to give to that Canal 8i2o'Ooo-
but how: By majority Of one; and one or l''
who sanctioned il in the Committee, reserved
the mi pt tho riohf ,E n i'm the HOUst