Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-21

Canal Que Of three possible mus. happen.
either one road must 90 down, the other mus in which
even, here would be total loss-or else the produce
ssu ia..' mns, lie dlvd between them. In the latter
case as he petersburg ROAD operating sngly co,d fur.
Dsh u.mied accou,in alton, all the nrnhi which ths
m az" ae could .ord to pay. would be derived from
Let the invesmen, be doubled and the prof, divided be-
tween them, and s the State would ,.ceiye no yreaer
Am, Tr; I ~" before she grained the additional
sum ms ne said, was The ,nosi favourable possible re.
so Tor the probability he might almo., cav certainty was
'ns'ess OF the aggregate profit remaining the same
mete would be no profit at ALL On either road Abou,
S'oooo was perhaps as great amount tolls could
oe annually levied. This sum w,ud pay IN. expenses
OF one road aud afford profits bu, divided be ween two
would hot pay the expenses vi either
The hnances Of the State, he said, we've surely
not IN such condition as to justly this was,eGui ex
Penu'ore OIL money The fund for Internal Improve.
men' was already burhened with subscriptions To tho
amount oil $2is AGO. and portion OF the fund other
wise "sebgaged anc applicable the payment Of these
Subscriptions, would moi exceed $50 600 per annn i,
was obvious that many must elapse before these
Suosc,puons COULD be discharged. The $i90O0O 10
20 borrowed, and IL the interest could not be paid out Of
Tue Income OF the fund.- the State was pledged to Divide
onsr means; or in other words appropriate a annual
sum or the purpose out Of the treasury II was now dis
ey seen that the income Of the fund not in con-
'"on 10 meet this charge, and il nothing more or
less Than an appropriation Of the public revenue Gen.
uemem might very reasonably accee this method of
providing money Tor inter being satisfied
y, e uy oil the object; but them certainly not
accordance with the Act Of 1915, creating the fund.-
which provided that the GARD Of Public Works should
suosenoe such portions Of the OF the fund for
he
greatest and only departure which had hi been maJ
from THIS rule was TO borrow 900 and charge the in
re on me income oil The fund; but in the present case
was anesuy loan chargeabe the public tie sury
The act OF 1916 surely gave no pledge TO this effect
MT B said, would be well look at the condition of
ne treasury Also before 10 throw ave Az
h's money The annual receipts at the rate -,
axaon according to the Auditors last port were abon,
S4l2OO0, whilst the expenditures exclusive nj snc ~
."shv ne added by the current legislation, nted
10 SAooo 600; This deficiency of $4,000 per annum.
we'd oil the IJnfe
the prompt payment oil the subscription already made
o. SiIoooo TO the Winchester Rail- Road, Gas ought in
portsmouth road, and thereby place an additional charge
Of S9ooo annually on the treasury and the deficiency
oe aoon, Soo,ooo per annum The balance the
treasury would speedily vanish, and the ensuing
SON. not earlier the must be increased and very
considerably too He did not say that he should
be deferred by the fear of raising the taxes from
money Tor any really important ssary object of m
Provemen out the Inconvenience with which il would be
attended was lair argument be urged the pro
posed appropriation. unfavourable persd n ne
eouang ioan or Tor increasing the taxes had seldom
EXISTED ne rate OF taxation had been in a course of era.
since lSl6, and perhaps an individual
present had ever been under the necessity of telling bis
constituents mat they were increased II they were TO
at period of great pecunary and
general embarrassment, such was now sncipated iet
the cause he said, at least, be eponaLie one
81 MI d. said The considerations he had thus far present.
were OF general character, and addressed
amRe 10 the Interests of all parts of the Commonwealth -
@ was snother view OF the subject, especially affect
ing the stockholders OF the Petersburg road who
hery Ills constituents If this bill were passed and the
evils he apprehended should result from it. thew would
ia with two fold force upon his who had NO,
Sy an interest in common with other citizens of the
Sate but peculiar loca interest The Portsmouh ro.d
10 cross mat OF Petersburg and strike the river about
TWO miies ABOVE the termination OF the latter thus seek
ing TO intercept the trade OF the upper river These ro.
aimed at precisely the produce and must of
probability OF one both Was it Just that the Peters
burg road should be broken down through the If
the State 49, WIG "se"ey Vi
He said, he convinced that the trade and g.,
vel were not more than sufficient sustain the nro.
Sent road II had been completed as far as the Roa
hoke only few months, but il had been in martial on.
ration Tor shorter distances and during the IL months mr.
ceding The LIST of November last the pros, rece;n.
sSSo 'I,oGo The Report Of the Roanoke Company in
ne sad stated II as the opinion of the President and
directors, who were of great intelligence that ,hs
were produced annually the Roanoke and its waters
soon. aPpeared from their port of 1888 that ~ 500
barrels OF flour had passed through the canal Al the Falls
OF the tobacco, which was more than could be- eanecien
should take The downward direction pass on The Pc
tolls about 55O00 Adding $40 for travel and sIs
QUO for the mail and outward cargoes il would on,w
sms,s wSieh o was barely sufficient to pay expenses
moderate profit. This was a fatternq estimate aJ
seemed scarcely justified by the small quantity OF produce
passing the canal at the Falls 1885, as be from
the reported, that the tolls less than A 600 II
9ny necessity he thought to look the facts that the
Petersburg Company in debt 500 OOO-ibat ,bev
must borrow 5 so 600 more and that their s,ock nc y
below par to be satisfied, that the prospect was not as IA
y0rabe as sauguine friends Of Norfolk might think it.
IA NM
aouot AZ Petersburg, whether with all the trade o In.
Roanoke, which Of most irregular cbaracter The
ROAD could be well sustained Without the travel il
could not. 49, @' " 'u'ey
was sometimes suggested, that this trade would in
crease anu men, not there would be enough for
% iodus-out he had demonstrated, he tho ught he
mad mat one road could carry this produce cheapes an
TWO, 1t followed that the construction of second road h
susmening the cost OF transportation would rather al
"'m , tnah increase the amount Of production.
"he'her the quantity great or small he h.J vct
10 esn on what principle was that il should he dviJsJ
herr aGoxo
est advantage in regard transportation or MARIE;
.aue would not take that direction He believed ta,
petersburg was the better, he might saw the n,,urai
mafke ana the road could be sustained AZ all nrodce
wouu commune as heretofore, TO seek it, But il was now
we" UNDERSTOOD that railroads could not be he,
.ne transportation OF bulky articles alone. Ii was The
mave, "mcn yielded the profit, and thus enabled the
country 10 carry produce at reasonable rates Take The
uaVei away and all the trade Of the Roanoke with tw ice
Us incn more would not support a single road His ar,
prehenslon was that under the existing state of thin
.he stream oil northern and southern travel would seek
oay az tue nearest point, instead of struggling through
'e INFERIOR The Portsmouth road were TO be made ,be
extension oil Tie line through Richmond and FredericLs
burg could not be accomplished and Thus The ,rsxsI
"1 n DE probably lost 10 the Petersburg road.
h men, the construction of the roaJ ,yoIJ
were successful materially inure destroy The Pc
es''R roso, could Tie State in justice or good policy
i.nu her au 10 producing such effect? He should moi
a'ege mat the Legislature bound by a statu,orv
covenant mol 10 build up rival work. but he would saw
mere was an implied obligation to afford fair and reasa1
aoe rejection, which closely involved The good aid, 81
thc commonwealth. Certain il was that ,nonc o b,d -
"seseeu III me petersburg road under N con6Jent
oene, mat 1t was 10 enjoy the Roanoke trade nro
W ell .u,hsheh adequate accommodation; and least