Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1843-12-11
debt upon more than n million and a
half os dollars, and with no productive
means but ia Iolis and " ATE ~ rams in ra

debt upon more than q million and a |
half os dollars, and with 10 productive
means but tie tolls and waier-rents 10 re
ly.spou i; is evident that whatever It's
receipts from these sources may. amount
lo,itey cannot be sufficient, after prosi
ding for current expenditures, 10 make
any considerable impression upon the
great work which il still TO be done =
Thus situated, the COMPANY bas no in.
terual power ofreplenishing its funls ex
IcePi by augmenting lis capital, as provi
ded for IN its charter, or By borrowing.
The first OF those expedicnts il has new
or vet tried, and could MT try, even sue.
lcessinlly, (which is extremely doublful,l
but Of the positive disad vantage OF much
and injurious delay. The other one also
Il has never tried upon is own respon-
sibility, nor other wise trisd than when
The credit Of the State was employed 10
support and guarantee that OF the COM
pany; and even in these cases, the con-
Joined credit Of both has not been sulfi-
cieni, at all times, tn protect The loans
negotiated upon il from rigorous and
Illuminating terms which have never
been demanded OF the State itself, and
D
citations could continue to rfForj. IL
would thus appear, that the credit osthe
company separately from that OF the
State, would not be sufficient for profit:
ablo loan, If sufficient for any, whilst tho,
oiihe State, seperale from the Co v
Is better than when associated with II.
The union, therefore, which is indispen
sab'e to the Company, is clear loss to
the Commonwealth, and resul,ingly a
loss to both. 1t is the same to the State.
on poiat Of cbigation, whether money
Is raiscd u on one Of her own binds.
or upon one Of the Compan;'s bonds,
which she guarantees TO pay; but, as her
own Is IN IN better credit in the market.
and will bfiLg the most, il would be any
thing but wise 10 use the other, which
costing The Same: would produce less In
Tins situation ofthIugs, so critical and
noarrassing to the Company what wi !
the Legislature do for its relief Or, TO
speak more comprehensively and Justly,
what viii il do for the relief Of thu
broad and productive interior, which De
Ponds upon this work. The Legislature
in deciding upon this question, will at
once perceive that besides the consider
alions OF policy upon which this work
was begun, and which urge to its prose-
cuiion asspowerfullv as eyer, there are
other considerations arising OFT OF The
opcra ions OF the Company which. make
the further prosecuti=ns of the Company
which make the further prosecution OF
II, 10 some extent nj least, and that by
AID OF the clearest economy and duty
u this work should be stopped in its pre-
sent condition, and no immcaiatc and vic
orous measures be iskea to preserve
from utter ruin the expensive aud un-
hnIshed section through the Blue Ridge,
combination OF, disastrous effects must
inevitably follow. The whole seven hun
dred and forty or fifty thousand dollars
which, from first TO last, by the S,ae or
the Company, has already been cxpen-
ded upon this section, will be iost-the
whole of that trade which. cannot reach
q market without il, will be lost-the
whole Of that distant and disheartened
class Of our citizens whom fresh AID
accumulating disappointments in the
means OF commerce will be lost the
vast d. ference bcfween a wide and boun
teous domain, rendered commercially ac-
live under the influence OF cheapened &
prosperous trade, or left CONNIE really
barren without IL, will also DO losi--and.
10 crown al, the whole expenses of re-
paia, the whole interest upon the out
standing dett of the Company, ADD final
y the principal itself. viii be tn rown as
a permanent and crushing tax upon the
commerce Of the Canal-lhal is, upon
the private property oil the contiguous
and surrounding country--thus concen-
trating tax which was meant 10 be diff:
fused. add converting a commercial high
way into an actual an greyious mort
gage upon private estates.
These Funous consequences the COMPANY IL in no
respect whatsoever able prevent. - that the Safe
must suffer them, unless she int rferes 10 prevent
'hem sor hesseh She, indeed j. the true and real
sufferer 81 lasi. snd Whatever in this matter the
contract obligations of The company may be. the
company a. bestE ouy her agents willis, hers is the
pr"s fhs larger, the perpetusl obligation 10 protect
hef interests snd her people from every injury To-
which The duties 0f the State can extend. Acting
uPon ms principle, the. supporting hand Of The
leg stature should BE- given a. once 20 the improve
rneni Ia question. There is no other thai could
require Il more. which could better demand il upon
me ground Of sectional and legislative faith o.,
where eneci1al ed could 80 deliver from nresent
eV'l. and 90 widely spsrate lOr f1lure good Pcs
/ ses'"g 40 empief tributary cOnnryion. than any
o'hef commercial line nil,e State. there is no one
means scee.sibie 70 the Legislature lhTough
whirb 20 genial an inaosnes could be extended 10
NE iabaf, the progress end the education. Of 90
iasge portion u our people--no one by which 80
much could BE- done - check emigrntion--Io oblit-
efae amonga us 81 causes end prolexs ofssoiionsI
os'efness-is bring various and scattered people
INTO inlefcourse and brotherhood with each olheF-
70 subaiiuie socisiiss Of with ali the faculties
" numbers IN the place Of solitary and seuarsteJ
families. and thus ~ eonsofidale the power The
inIeresIs and unity Of he Sale Io.,kinr a Ihsa