Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-02-27

e. Viz nunct.l naynen of it's interest," and the ultimate
redemption Of the principal respectfully sasses. @
some Of the presen. rates OF taxation ee 's" ,oS
raen,ed The simple addition Of two cents 20 .ue
tsx and fine CENTS upon slars, would. with manss |
and economy accumulate in the course oil ,h, hnT
a sinking fund without imposing any percePI ,,, tho |
then upon the community anu ~ rsaetd 10, the soon.
e. il is commenced the less nconvenP"l W." WV = p
ia It's operation" These extracts WIZ PRIV. M
ed taxation must come even Of the State:
,f State drb, yond the present iaoiaes o VIE o
"a ro-s, that apy illuscry calculations shouo OF Sp"'
firth from this House to uF the people 0! lhis
,,,h iuto belief that the State can embark IN lhe
State system of Improvements, W'1heu' oPP'eo'''''
oual and grinding taSatton -.
The reSot, Of The Committee has denounced the JOINT
stock system as crippled Inefficient, aud unProducVe
and the gentleman from Augusta has sligmauzso II as
silent, iasdious and thsning system. Yet mat sa'e
repor, has told u.s. That the james River end haha"na
Improvement "Ias been undertaken and IS now prose
cutrd with zeal and ability, upon The principle CT SUP
scrp,ion Of kreekflhs by the State and wv" nun:
individuals" Yes, Sir, prosecuted with zeal ana 4os'g
by this Hcrppled and inefficient system In the very
ne II page Of their report they tell US: VII Is 1ue' Tue
fsrsd fur inernai Improvement IS at present uhue so
membranes fer the payment OF interest on Ud b hns
,ofore made; bat your committee are ADVISED mat uo:
liabilities are tenn porury in their character, ana mus. "
the course Of few years be entirely removed tut w
Iarposs of dschagng the interest on The loans no" con
temoluted and creating sinking fund tor Inc nm" re-
demoon of the principal there are several sources OF
that can With prop.ety be pledged They are
the ordinary of the fund for Internal Improve
ment, the tolls derived from The public WorSs lna are
now in successful operation, and those which Will soon
be completed. The latter class your committee nave
every reason believe will in short time De source
of Ucry considerable prgft to the State -"hat' pr
works copsructed and prosecuted under tins cfPPeo'
inefficient and unproduc,ive" system of Virginia. IN
short time to be of "yery considerable proh' 70
the S,ute-to be of such profit as IN lew years
TO remove the liabilities OF The fund Tor ine!ns ~,
oroyemruu 1t is we'll known, that the whole revenue
~ the fund for Internal improvement derived from all
sources except the tolls Of this "unProduclVe system
amounts 10 S37 000; while the interest alone,
on the fund for the next year, will be S2I4 0Ou why
did that committee think i, necessary 10 send forth re-
port with such palpabe Inconsistencies on It's lace
Why did they denounce The joint stock system ana OH
the very next of their report reeommehu !ne
paa,ure to undertake thu EvansnIn and DanVi!ie ana
the Erausham and james River Railroads, on the same
"cripped inefficient and unproduc'ive system
will proceed to examine separately, the dlneIent
roads recommended by the committee; the hsst is a
road commencing on the Tennessee line, and extending
10 EyaDsham be constructed on State account, WIN
branch oflhe same road from EVansham 10 some Po'
on the james river and another branch from hVansha
10 Danville the State 10 subscribe three.h'ths {" o'
the latter roads and individuals two-htths The Stale
is 10 commence railroad at point on the iennes
see line and extend it 10 EvanshaIn small village
mere court house, in Wythe conntyan there Inc ROAD
is TO be left to rot, unless private individuals should
choose to continue il the three htths Jont STOCK
principle, to James river to Dnnyi le Is 1t con
templaed 10 begin ell these works at the same lime:
stock company, Or, is the whole scheme 10 be |
abandoned unles. the two 6flhs are subscribed BY
individuals on the two branches: Nosuch event is con
temoated If this scheme Pnsses the State is To begin
Immediately on the main STEM and complete u 70 Evans
ham, when is finished that distance, the work is EN-
tirey worthless unless s carried 10 James riVer or
Danvil!e. Private individuals are aware OF this, AND
will perceive, that the State must OF necessity continue
the work if they do not subscribe single cent. II
holds out inducements 10 every to Keep his names
o-for the main must be continued without their
help Charters have been already granted the Lynch
burg and Tennessee and Junction. DaDville and Evans
ham Rail roads, which embrace the whole line and the
Stale stands pledged to subscribe twohs OF the cap
tai stoc-Yet have never heard, even that books OF
subscription opened for the Lynchburg and len
neasee road and though strenuous exerons were made
for the Junction. Danviile and Evansham roud except
ing the subscription of Norfolk Borough, only about
SSOOUO were subscribed It am deceived in this in
formation, hope the friends OF that Improvement VIII
correct me-THere Gen. Cabe and said, that the
gentleman from Halifax, he believed was correctly III
formed but he would take occasion at proper time to
reply his arguments on that subject believe the
road from Evsns!am to Danve will never be construct
ed the joint stock system, but Is held up as means
of gaining friends in that region. When the main stem
il completed Evansham and the contest is narrowed
down The James river and Roanoake interest it is easy
TO tell the issue. These two roads would commence at
Evansham, one of them is to l4O miles 10 Lynch:
burg the other l37 Danve, and the termination of
The will not be than sixty miles apart in d'.
rect line. When you have reached Danvle, should
away from that town. This is as yet unsettled.
The recommendation is turnpike from Parkrrs'
burg on the Ohio 10 the town Of Staunlon, macnda-
mixed road from thence James river; another from
Buchanan to Winchester and then several short turn
pixies in the North west indefinite in number and loca.
ton These 10 cost Slll0,OG0 and are to be made
entirely on State The Valley turnpike is 10
pass through the arest richest and most productive Po
ton of our State capable OF constructing |
its roads If this road 10 yield any profit private
capitalists will be ready to embark in the work; and ii
it TO be improbable, it unfair and unjust to throw
the burihen the State. If they suffer 80 much from
ready access to market let them extend helping hand
TO that work from which they to derive almost the
exclusive benefit These roads are 10 penetrate large
number Of counties, and from their indefinite location
10 I,ain supporters from many others
Then comes the gratuitous proposition on the part of
the Committee, TO give guarantee 10 the James River
and Kanawha Company, that the State will not under
any circumstances abandon il; and that II any augmen.
ta,on capital necessary for the completion Of that
work. the State will stand pledged to subscribe three.
6flhs of the additional stock. The company has not
forward asking any such augmentation OF capital
guarantee the part of the State. Wha! is the
ming of this guarantee and pledge: Is to be bind.
ing on future Legislatures or is it to assume such
form 10 give 10 the Company legal demand for
three .6hs Of all additional capital necessary 10 com
plee the work under any circumstances? This Leg's-
lalure be in unusually generous mood to gua-
ran,ee future subscriptions company, before it is
called do So and when that company did not even
contemplate asking any subscription or pledge from This
Assembly. will show the House to what extent such
q pledge will involve the State.
Length of canal from Richmond to Covingon 260 miles
Railroad from Covinglon to falls Kanuwha, l57 ="
Improvement of Kanawha below falls Oh
Length Of whole work, sos miles
By the companys estimate the FIVE millions already
subscribed will complete only hundred and seventy
five miles of the canal leaving eighty miles OF the
canal the whole length of the railroad and the improve
ment the river Kama wha, TO be made by augmenin
ton Of capital; the cost of which is estimated FIVE
millions more. The pledge Of the committee would
bind the State take three millions OF that additional
stock What then would be the Liabilities Of the Stute
Scr Internal improvements?
EYi.,ino liabilities Si746l5O