Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-05-21
70 lhE EDITORS OF 7WE EvQyIaER.
BANkS AND RAIL ROAD.

SrRs:-lt | had not been so much accustomed 10 The
Earring politics OF the towns OF Virginia, (and they NUT
excuse me, their contemplate ie alousies OF each o,hero 1
should have long since been ~disgnsted with such paragraphs
Vrom the Petersburg paper IA | read in a late Enquirer
as to the feeling OF Petersburg on the subject OF the
Norfolk Rail Road, which went to imply, that The refusal
OF the Legislature to contribute TO the Norfolk and Well
don Kali Road, was sanctioned by the majority Of Viz
gi'ha-'hat a majority of Virginia was opposed to one OF
me steps that would lead 10 the creation OF Norfolk into
me port, not only OF Tennessee, but Of both Carolinas!!
ms doctrine surely, appeared about as strange, as tho
idea that prompted ii, was illiberai, i'll. ordered and ill
timed.
However, l had no, lived many more days. ere | found
"A man OF the Mountains" or some other person doing all
that he could TO deter subscriptions, on the score OF ano-
ther intetesi-ihe Roanoke; as il there really were ttc0
interests in Virginia and North Carolina to the Kanawha-
&c. improvement, by the Banks-a measure, that ! have
long thought (or you know as to specializing on this sub
Ject' 1 am no Tyro) the best that could possibly be devils
cd. So, am convinced IL will prove; and, ii the roads,
that their funds are subscribed to create, are but properly
constructed aud correctly placed, they will no, only give
an impulse TO thousands OF acres of land, but, eventually,
an additional value to the Bank capital used for this pnr-
pose-onl, not only the capital used, but that which is
employed Tor other purposes.
Besides, an additional value will be pivcn TO capital go.
morally, and interest will he reduced. That this is neces-
sary,Is evident, from Virginia having been compelled to
sell her bonds or stock, bearing 8 per cent. interest, for
Slo3 90, when the city Of New York has sold the same
amount bearing only 4 per cent. interest for 1913 90, and
fennSy'vauia has parted with So, 100000 for Sl3 so pre-
mum or just lO per cent. above that OF which Virginia has
sold but one tenth at $250,OO0. This is worth obserya-
uon-ior, | cannot divine, why the difference between the
Willingness to lend Pennsylvania and Virginia should be
SO great. Ii is a subject on which | should like 10 see
the pen OF Professor Dew employed.
However, 10 my Rail Road subject IL see N. c. be.
ginning TO weary-her Rail Road, that after The people
OF Fayetteville had been two years trying Qhanks TO the
good sense OF N. c., it terminated in frying to rob the
people OF Raleigh OF their birth right, they had come out
WIN the honest declaration. that all thoughts OF success to
the Cape Fear and Yadkin Rail Road had yanished-and.
rom lheir silence as TO THE GREAT cENTRALSExTUs
LIKE hAIL ROAD through the POnfine Marshes, |
presume 1t will not be long before we shall hear its Epi-
taph. And, l must confess | shall sincerely reioice at il,
as it is a most ridiculous schemes; for, il il should be laid
oNU III NOuIl terminate at such "A DOiut "a .yyOuld bc i'm.
practicable for large ships; and, hence would be but ano-
eier d lhe lackails destined TO collect prey for the mon
ster, New York. On the other hand, a Rail Road TO
weldon from Norfolk, as well as one from Petersburg,
(there is JuH room for both0 would produce one to RAJ
,eign, anu thence DG Fayetteville to the highest naviga-
ole point oil the Pee Dee, and there would Immediately
De a large portion OF the produce of Eastern South Caro-
una, brought Tor sale TO Norfolk-and, the fish, corn
ana bacon oil Eastern North Carolina be conveyed, SO well
anu so cheap, as TO enable many South Carolina planters
10 depend partially on shall grain for their ock-thu
creating the means of restoration 10 their ont Lard
ana ailordinga market TO f.. N. c. for staples, that now
sell az a low price, and in a fernented and spoiled state
IN the ports TO which there is so difficult an access from
me interior, and at which the demand is so limited. Nor,
wii D Z. be injured; she will draw from Georgia. by her
aii-way, now on the point OF a successful termination, az
n.uch from nence as she will part with to Norfolk. And
peoigia' .ooi In IKE manner, will eventually draw on Ala
oana' mississippi and Louisiana-and thus, to the u. S.
generally, the saving will not be less than $40. OOO, 600
annually. lsay this advisedly.
But the real end in view, viii be In its becomino a bon5
oil Union to the States oil the South. The Administrations
papers tell us Mr.. Woodbury. is on a tour TO ascertain ,be
proper u LOT a port, where a. power may be stationed.
INA may control any unpleasant effects proceeding from
any measures that may take place in the West Indies.
WIN such a Kali Road through the Caroinas, &c. Sc. a
oody oil troops could move into those regions which NAV
happen 10 be sources of apprehension, with a rapidity they
oSnnot now DO from either Wilmington, Charleston, Sa-
vannah, Pensacola or Mobile.
Iiowever,l am tired myself with an enumeration of the
dement's oil such a measure. Hence, as to the pecuniary
value OF such a work, it is only necessary TO ouoie the Re-.
port OF The Charleston and Augusta Rail Road. Bv ibis I
,nn IN II WIZ appear there will not be a less annual profit OF
y " Sioo'ooO per annum; and that, OF course, the road
ON y OIIOI 10 w Ill Vypull not nnt. ~ H. .
hniiely greater.
/ therefore, not only wishing success 10 the Bank sub
Snp''on' out expressing my hopes that the Weldon Rail
hoad will proceed TO its complexion with a rapidiIy .or,h
- ~mpoI .alce l remain, sc.