Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1839-03-16

and fertile distric: of country; SO imperiously re-
CURED. The day for doubt respecting the utility
! OF such Improvements; where circumstances. and
the condition of the country are favorable, has
long since passed by, being swept away IN the
flood of benefits, with which many district of our
country, have been visited, and blessed; by their
adoption, and extension. Tha, the condition of
the section of country which this work is intend
ed 10 accommodate, is eminently favorable; and
tina, those circumstances, which affect the exc
cution of such works, not adverse, but IN
many respects encourag ing. will occur on brief
Ireyiew-which propose 10 take, IN few ar
ticIes-o the subject.
! MANY persons anxious, that this work
should have been incorporated into the general
Improv ement Bill of the State; and no doubt some
were discouraged from the more successful advo-
cation of opposing interests, by which 1t was re-
iected But the action of the State upon the var
ious lines, presented, from which that bill was
formed; was had, not so much 10 determine the
relative value of each but to accommodaie-hnd
thereby obtain the support of--ihe various por-
tons of the whole State; different result, IN
doubtedly would have occurred. When the work
: however is completed, many advantages will be
found in lis independence of the general system
1t will DO in the keeping. and under the exclusive
control of those; who will be not only interested
in the amount of tolls collected, but also IN the
convenience it renders by its ,ransporations. II
will therefore be so conducted to insure, the
greatest public accommodation; with sufficient
r. income to meet its expenses, and satisfactory
i terest upon cost. member of the system, It's
tolls would be regua ed by state policy, and heavy
IT mpositons exacted, from the ABUNDANCE OF Its
L business, to make up deficiencies in the receipt OF
less productive works. 1t has been found thai
- canals are not only exceedingly profitable but
n that those owned and managed by companies, are
l. all other things being equal, more so, than where
they are under state control The canal of the
&C Schuylkill navigation company, but los miles II
~ length, produced tolls IN the year 1887 up to tn
,e 18th of Move mber, the amount of 1868, al 81
ut while the revenue derived from ali the Stat
y works reached but TO ss975,35O 40, and smila
: prosperity, marked the operations, of compan
ps works, in the State of Pennsy lvania, generally
e 1t is true that the Schuylkill works, had bee
OF longer in operation than many State lines. BIT
n most of its business confined to the trade
ON the interior of their own State and the conve,
lis ance of its products. And i, came into dire
en- rail road, the Lancaster as we'll as the Readir
- Turnpike roads to Philadelphia; the latter co
SIX iiguous to the canal, almost ,hroug hout its who
vas route. We have means Of determining Il
nat exact cost of the SchuyIkill canal; but allowi
u" it to have equalled the cost per mile of the d.
aware division: it clears % per centu
per annum; and the price which its stock co
mands in the market, corresponds to this III
90 rate Of interest. The shares :s50-seIling
= Sl40 each. At the opening OF it few yef
since, its business ami income limited,
exceedingly to discourage the stockholders.
- great portion of its business has been since or
. ted, FROM the impulse it has given to productiC
, by the facilities for transportation ii has afford
How encouraging is the example of that wo
commencing with great difficulties: and progre
ing under such division of patronage to h
of success: to our undertaking the White Water
nal, in region Of great fertility and impro
- neutrality-suspicious., and enterprising, and with
competition in carry ing at canal prices; for M
IN of the business which awaits its opening, in
rem cent amount for its support r. & b.