Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-01-10

| the states works on the line, To NS,JuouoV-
contained provision for the outfit of the railroad
and proceeded upon tho supposion on reducing me
length of all the line Of the canal OF locks TO DC coh
srueied of hammer dressed stone and Of the whole oil
the aeqneduots with supersIructurcs OF wood. tsee
printed Address. page o TO 1917
These rough estimates were made without any tie
tailed survey of the line to be estimated. Since that
period The line tho canal has been located Tor
eonsifnotnn. and all tho aqucducIs, with the csceP
ton OF that OF Roekhsh thin reach OF the floods OF
the tributaries, II was decided to build the superstfnc-
lures of stone instead OF wood the cuvcis have not
been constructed ms was then suggested; all the
stone locks arc built OF cut stone and the lower level
o the canal has been enaged into reservoir Tor vast
water power, Al an aggregate cost OF upwards o'
$500 900.
lands condemned FOR the use of the canal, have very
Ear exceeded the rate generally nticpaied AT The
commencement OF the enterprise.
The price of labor also. both mechanical and
common, has ranged for the last three years. above
what II was IN the three proceeding years, by about
10 u, 30 pei cent
The present estimates are detailed estimates made
IN the field by parties of engineers occupied cxelh-
syely III the business Tor nearly nine months IN the
year, and have been governed by the prices OF the
present canal.
II is true, that the former estimates called toi
double nck Al the railroad but ioi this will be found
u full equivalent in tho engines. tenders &c. now
included in the calculation for the railroad, ~ tie
and IN the superior style of Workmanship since intro
duced upon the line
II due allowance be made Tor the opcyuioa OF all
these causes, the difference between the amoun, OF
capital called for and the smount oi former cs-
Inmates wall be explained to the satisfaction OF every
just aud liberal mind.
l. there just ground FOR d!suustiog the prof
character of the stock
No detailed answer can be given TO the question Al
this ad,anted stage OF the Annunl Report. briei
ala 1at af
exposition OF the transactions OF the year. Instead
OF going INTO statistical details as TO the present &C
tual stale of the Iadc let amount OF tonnage be
assumed, which all men property informed upon the
subject will not hesitate TO cunccdc the iightiul
property OF the line
Still further 10 simplify the proposed illustration,
let nothing be said OF the exact proportion OF tolls up
ON the different paris OF the line, II being understood
that The rate, In 10 case, shall exceed the maximum
hmit prescribed by the charter, aud that the aggfe
gate amount actually levied for any Of the supposed
distances shall exceed that OF the cquablc toll
assumed IN the subjoncd statement.
Let II also be assumed, that the tolls levied by The
company cover all charges whatsoever, except The
price paid TO the carrier upon the kanwha river aud
the canal, and that the tolls 90 10 drilay annual
charges az well rs 10 renuucra'e the capital Invested
IN the work
IN average toll Of cents per ton per mile from
the valley OF the Kanawha to the Guy OF Richmond
could pot be complained OF, because transportation on
When improved about 81 of cent, the whole
cost ofiieight betcween tho Falls Of kunawha aud
the clly OF Richmond would be somewhat less than 3
cents per ton per mile
These data being settled, the following bIicf
summary will exhibit the annual income resulting to
the company, from the moderate amount of tonnage
and passengers assumed ms passing upon the line up
on the completion of the works
10000 tons from aud TO pieces below
bsnciburg, supposed to pass 100 miles
on HE canal. ut > cents nile, 100000
SO 600 tons from aud TO Lynchburg, and
the counties between that and Buchanan
supposed 10 pass 100 miles, at 9 cents
mile, lJO,0OO
10000 Tons from aud TO Buchanan and the
counties between that and Covineion,
supposed TO pass 200 miles . cts. mile, 100000
10000 tons from and To Covngton, and
the railroad between that and the Basin
Al Luup Creek Shoals, on the kanawha
river supposed TO pass $50 miles, al2cts.
mile, 25' 900
80 900 tons from and to the Basin nj Loup
Creek Shoals aud the county between
that aud the OHIO, supposed To pass 400
miles AT Q cents mile, 100000
10000 TONS from the Ohio, supposed TO
pass The whole length Of the Improve
nenf, 465 miles. at cent per nhle, 232,50o
80 passengers each way per day on the rail
road making total Of 60 passengers per
day, AT the rate Of IS so per passenger, l2o,45o
THIS sum would pay annual interest OF per
cent. on 81 600 600 and still leave the sum OF
S79l $50 to pay annual charges and the expenses OF
transportation on the railroad, and to augment the
dividend beyond per cent.
The OF transportation and tolls here supposed
TO prevail from the valley Of the kanawha to the city
OF Richmond is only mills per ton per mile above
the rate the Pennsylvania State line from Pha- I
dcphia 10 PittsbHtg. ann
Il is not pretended that the tonnage would 80
itself in the exact order here indicated, pr ,l';s m
cessary 10 the purposes Of the estimate ,,, ,n,o,nt
suit should take place, if an ~is ,,,n a.. |
should be distributed at vati~'' P''"'' WV"
line -. a.,
II should be rocolIee~d' that IN estimating ''le
NIB ,blo a,,,,t fsJnpage from within the limits oil
on, ,, C,,a Nd5i our line OF Improvement COM
Li,os .sferal resources Of Pennsylvania with the
fo,,s, al agricultural advantages OF the New ORR
nel, AID, If the experience OF those States should
ave any degree OF influence upon our calculations,
We would be fully warranted III assuming an amount
Of tonnage lar beyond that which the estimate here
presents.
At The close of the Annual Report, extended, as 1t
unavodaby has been by the peculiar circumstances
of he yeas there neither space nor time ieit
give the communication OF the results oil re
searches which have recently made upon the re-
latIons OF our line OF improvement To the great
aud rapidly increasing trade OF the valley OF the o.
bio. / will, however advert briefly to this great and
interesting subjtc in one or two OF Hs prominent
points.
The Canal Commissioners OF the State oil Ne"
NorL in n rpccui rennrt. pstim ed that The Tolls OF