Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-03-17
CHI IL, 1888.

gress, informing him that, by the year 1850 the Of
construction of the Ohio Canals would be refunded
And just suppose this done, said Mr. s., what will b.
The condition ui the people Of that Suite? And wint
then, Will be thought Of the arguments Of those who
opposed the construction of he works, the ground
that they would lax The dear people? The answer is
easy The people Of Ohio will be rich-feed from tax
ation-whe the Semagogue politicians who bawed 90,
"tcunomy, will be Consigned TO we'll mered irfany.
He referred next to PPnnsy 7nnia, and argued from
analogy, that god system in Virginia, would roland
The money expended There were in operation in Penn
syvania, upwards of 600 miles of Railroads and ca
nails, IN which the State interested the aggregate
cost OF which was, IN round numbers, S22 e90O hI. 1t
VIII De FOUND upon examination, that the tolls on the
FeDhsyIVana works, and indeed upon all others, have
gradually progressed in amount and such be The
case 1T IL but tho stimulating operation Of Public I'm
provements upon the general production carried out
The tolls the Pennsylyun Works we've in lS.A -nly
$27,0O0; in 81, S3S 900; in 80 S50OOO in SO, Sl5U
0O0-and so on gradually Increasing until in 1887 they
amounted TO S?75,0G0 Now, The great enquiry is to
what extent will these Tolls augment He Mr. s.. be-
eved, they would increase until he production Of The
Stale had been stimulated The highest point of which
it was capable. a nd that would give amount of in
come sufficient not only 10 pay expenses bu. to refund
| the principal
The produce that FIRST gives employment to raioat
cuna is not neo production. II is what is ordinarily
| produced before The wufks constructed; and for
the first lew years, only. change the mode Of trans
poriaon is effected. Now confess, said Mr. S, if
canal railroad TO depend ,r the reimbursement
| Of lis COST upon the production usually made the
time uf construction, indemnity would be out Of the
question: But present production forms n very ncon.
siderable portion oil The elements OF transportation and
profit We must es'sniate the increased prUduc
caused by the improvements themselves, gradually pro.
crossing from The ordinary amount 10 the hest point
10 which the of The State will admit augnIrita
tiUn-and that is almost incalculable We must take
into the estimate the opening oi channels of trade
and the filling up of ord onrshe creation Of
faclures-the opening Of nnes-the expansion Of trade
in all lis ramlfca'ono-thr rising up Of cilies-the
growth Of pnpuiann-the increase of travelling result
Ing from increase of facilities Of communications
10 constitute the Dlure and fruitful of pro.
fl TO the Pennsylvania system Of Improvement. And
let ii he borne in mind tina, the main line from Pitts5ug
to Philadelphia has moi been two years in operalluD
and that many Of the branches that the mau
lines, we'll some of the main lines themselves, IRE
yet unfinished Yet the gentleman from HALIFAX draws
from The Pennsylvania system, what he considers un
Irresistible argument against the pulley Of lnternIl In
proveulent in VIrgnla | take the liberty 10 point out
10 him the palpabe error Of his reasoning His prem-
wrong He argues from The present income Of
the works and his position that annual deficiency Of
income of $500 900 be!o1 the expenses with all bis
favorable deductions, based upon these false pr";.
If he will imagine the whole system TO BE- complet
cd and in successful Notwithstanding industry and
trade to their highest p"nt-if he will look 10 the
tension u the works the inc shausthe coal and miner.
al region oil The State, which the canal commissioners
inform have not been reached, and which they say
TO furnish The chief source of profit 10 the works.
if he will look beyond the present 10 the day when by
facups shall spring up and cIlps rise along the whole
line Of improvement and Trade shall be expanded in lis
thousand departments when her population shull have
been doub!ed-whrn all the streams of production shall
roll down the current Of these improvements their end
less contributions OF %eaiIh- The gentleman from la
ax say, will take these just and liberal views Of he
ment With these The true daln him solve sim.
pie question Of pIoporlinnlt IN lis infancy, when lis
effects but Just budding forth. The Pennsylvania sys
ten has produced income OF SI5OUU IN year, what
sltali huvQ she'd tnp NJ
mum of tuII maturity:
But let us suppose the income attain certain point
say miiluns, and 1t is the opinion OF gentleman
of that Stare who Is intimately connected with all that
relates Internal }npro Vensni IN Pennsy wanna, ia:
in few years The tolls will reach 81 O0U U00-l have
no doubt the aaoant will be geaer-a least So QUO OOO
annually. Bot assume 2,0U0 uDO-expenses SGUU 0UO-
interest 81 D90-tutal 81 ~ UUUleaving sink
inr fund S2oy gUU Annually, which, though it should
not be annual, will in not great many yours, reln-
buse the whole principal 1t is true, IN this conpula
,on there allowance made for The interest puId do
ring the lime the works were consructng-bu are the
general advantages resulting The people OF PenDsyl
yania equivalent for the amount oil interest annually
paid: Besides, sinking fund that wipay the principal
back will also refund the interest only longer time Will
be- require d. And again. The sum PAID Tor interest was
not raised by TAXATION from the people, and oil That Is
proved u.s. The necessity that Virginia should follow her
example ihis respect by providing fund IN advance
A considerable fund of tins kind we already have.
Butthe gentleman from Halifax harps much upon the
great debt of Pennsylvania S22 OUD OOO (snys he) 1t
will bankrupt that Commonwealth forever Dir, 60
vcrnm.n. was made bankrupt nor people poorer,
by deb, contracted for Internal improvements rms s
the opinion Of high authority and have not the least
difficulty in believing. said MIR D, mat FehnsylVanu, ~
richer far richer to-day, with her debt OF Sssoonooo
than shs before she owed docr She Is fichef III
The Increased ability bear debt-iH The immense aug
me nalion of the value Of her prprry- the enlarged
procrres III her land and ab"r-in The multiplication OF
cau,tn md and her citizens are richer IN The
means of acquiring wealth and hnPpiness-rlcher IN the
r -nudnh q
one million than they before 10 pay ahunded thou
sand What matters it, thai you increase ihe ourlhens
of The people, it the time you increase their abb
lity To bsaf ihem particularly, II you increase lie u'
lin IN a ratio beyond the Gurtkeitse: II my property
is enhanced said Mr. S from ID 10 500 OOO, am not
ubler bear OF $50 an 49, o:as before Of ~: gu
1hers is nolh;->crplmn The disciple Of Cool. by
uiarn, but the follower Of Adam Smith, sees any
lEiag hut cause Tor apprehension.
But the most inconrslibe evidence Of the ability OF
Pa5'c Works lopay for themselves, is furnished by The
New York Canal. promise different account from
thai given by the gentleman from HnIax de and
E'yspIf read from The book, but with different
tS 45!gEs sXeIY nran"rnts a0as
Mr. then read from the report o! the Gahai go
.;nners of New York, some STRIKING aha 'hf'ns "s'
in relation this work ne .n"s ', -, II aS OU in
IL rear The loans made TO construct II, "ete re-
Jsemablr. one portion in 1887, and The fena,"ue ~
Lax Wonderful to relate, the deht reoee'hao W 80
Guns cancelled beiure it became DUE anu "o. s 60
,iIIinn of that re dee mable in 40, had Oeeh paw 49,
t vUa Istn sp ns be-
s ,b yu' became DUE Why Sir the money arising
from the Canal Fund 50 sS ni. i ON
issoners unwilling to incur I've 5Isq amount 81 funds
hs"a paid sap s,a Of from cent to @
bnIders Of The Canal Stock, 10 induce l " ass non
n0't And they actually Paid the 81" o.
y%s an ,,T,e have been the means oil lhe Gahs, au"u,
hs S,,is If New York has been cotnPeheo 10 psy
s oo The privilege Of paying s ns debts o o ,he
aus d As what 1% he
Ere anS dab, is sa6IOs5z The interest on this
OUTSTANDING o eoS r, INV tins debt The Canal Com