Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1833-07-11
LyNCHBU,sG, july II, 1879.
A NEW SCHEME.

which had appeared in the Richmond Enduller. re.
la,ins 10 the James River improvement. suggesting
u ineoe OF RAISING The lunis necessary for lis sue.
ccssin prosecution, provided the Farmers Run,,
should refuse to make the contemplated suscrln- :
ton 10 TIE stock of the james River and kanswha
Company. The scheme alluded to is more fully
developed and more clearly illustrated in he SUI
jona article from the same pen, and we transfr
to our columns, as well because the project seems
feasible, as TO excite proper spirit Of Investigations
on s"tjcct than which none can be more impor
tant, both to the immediate prosperity of this sec.
ton country, Il to The enduring honor & interest
Of this great but declining Commonwealth Should
The Farmers Bank, at the contemplated meeting OF II.
stockholders on the Odd decline accoding 10 the term,
of the law p"ss dby the last Leglsh,urcrwo oues
IONS VIII Immediately arise-lst, shall the s.hcms
be abandoned as impractcabc, and as beng
beyond the resources of the state? Or.t2ily, if II
Is to be carried into operation. whence shall wa
ob.an the funds necessary for It's prosecutlonl NJ
man, we think, who properly estimates the intimate
connection which exists between the Or ,speri.yofs
State the judcious davelopr ent of its sesougce,,
by opening channels for the cheap AMI rapid trans
po'tation Of the products of IFS industry to dis,,,
markets. ca" consent to answer the fys, question
aih'matively. Such an answer wouht be me deo,b
h"eli OF oar ng entertained bu; often d,sapnonted
'''' ''a' the day was at hand, wIrp, cnI sb,cneb
ny the experience, no, Of distant nations b,,, ,fT
sister States, on her very borders ytyrI,ia uolt
II her ,ul le,o d, II, ,,h~
rescue from the doom OF ssf'lity and poverty tho
| extensive popu"us and naturally fust,Io an j veal
tiny section Of the State so long shut on, from, MAJ
Get Wy her 'nj'ldIc'ous and nggardly policy. The
Eastern and Western Water, Iheny s.an b, united
IA chanael Of Intercourse must be opcn@i Fl e..
Ohio TO the Atlantic sea board, ria the E,na.n
and James River. This bean. conceded, tire neSt
question is, how shall the money be RAISED AM
,n,s deeply important question is discussed IN HE
| subjoined essay. Circumstances, indeed, may
render this dsci,sion premature and Unnecessary
The Farmers Bank may take up tho half mlllt,n
Of stock. And lit shall to So of cou.se the vorl
will d, once be comIn,nced. But, should it reuse
to make the subso, pt,on-and we fcar tia, lie
probability is tina, }, will thus refuse ii viii bs In,
portant that an cn s.iened public juJymcn, aioa..
be turned to the CONS liberation of Oder inoausof
aver,'ng great Safe c-rmity--lor in such ligli
should we view the future to cons,rnnla,c t.s
grca, scheme of improvement. For the pupos, Of
attracting timely attention to this .uljec therefor.
| we copy the second communication Of " Tyr,
| l,csn the Enquirer OF the fth inst, -
JAMES RIVER AND KANAWHA
thank you Cor publslli.rg in yssr pa~., Of .e
III june, my pro,.st for rusing We money for tia
whole of the stock of the James River and Kanas
ia Company fousny, you prefer awaiting The
deo,slon of the Stockholders ofthe Formers Bank
on the 22l July. You will perceive thai ms colh,t
''ioation was written before the call of tho meeting
could have been known 10 me. ! pressure tbs Sc
cond call OF the Stockholders is a sort of f.,logn
nope, and though deeds may be done ut il worthy
al the metropolis of the Ancisn, Dominion, and toe
.dosc option may be agreed to, vet II is possible The
effort may not succeed therefore thnh II IS bls4
t'i1c 10 take INTO consideration tho alternative be
r'sor'ed to in case ola disappointment You do
nM like my plan It is not easy 10 present one ,iat
| is entirely free from objections. NV plaR as be-
fore stated, Is TO make the improvement pafnrr
snip concern between The State AID stcIen oi Ut
Sta,c the State to have two-Gfths of the sock ali
the section three ffths The State 10 borrow he
portion 10 be subs' rh'd by the secton aud pledge
n tx ul the lands " hn the s, cton, to supl y 3.
ny deficiency in the tolls to pay the Interest lie
loan | he tolls expected to he not less than PEI
cent. on tl,e amount advanced om the commence
ment, The loan would llobaby be a, 5 per cG'
Max to raise the additional one per cent OIL TIC
mount, when half III. capital slnll have been PAL
IN. Woull amount to sl500A- no. ono mill FER ace
on the land IN the section, suppos;ns the quart
ty To be sixteen millions of a,ns
II ten years SHOULD b. req j cd 10 c3mp,t IL
work, and one per cent shouG have to be RAISED
every year 10 make up the interest on In. loan Ia
KING as the average tic year wi en- iilf the capt
snaii be ala IN, the whole wopd amoaal % 81 30
Wo This would be the whole Goa b tbe section
OF stock Is the amount OF tn e 10 lions in IL o.
10 years from the completion o Tic Worh, IL, tolls
would IN all probability be sufficient to relieve tlc
State from the loan. The tolls would then, u, Ten
per cent amount TO $780, 900 p'i unnsm; enc irH'
ofcu per cent per annun on the cost Of the stock
TO the section The charter allows dividend OF
10 per cent. per anunl bu, this is presumed sill
never be exacted.
give below the substance OF conversaiioi
which took place not long since between me an
one of my neighbors.
~ How DO you like the rlan ths has lately a.
Pearea III the papers OF raising the money i'
The Improvement of the rivers by n tax on tho
section of the country adjoining III. improvement
N 1t will not do at all--the people will moi SUI
nit to taxation. A tax Of three Millions would
uin the country.
+. But suppose it were paid in mali pori'ni "A
ay tenth part each year, would that be diolera'
tie ? Especially, 1.-THE improvement would 5ens
il our estates more than double the amount cxpen,
ed and that It is said will be the case 1t is SAD
he section contains sixteen millions Of acres i
Ak OF 1881 cents per acre OH that would raIs''s
,hTl, ~. Il. 49,. .,rrru