The Evansville journal. (Evansville, Ind.) 1834-184?, 1844-03-07
WABASH AND ONO CANAL.

the State from Tolls qpd Rents on the Canal,
if finished to Evansville; but having been
disappointed in procuring certain canal sta
tistics. from which we expected to derive
considerable aid, We shall be compelled TO
deter the fulflmeni of our purpose to some
subsequent period.
In the meantime, we offer such inforna-
ion on the subject as we possess, and hope,
that as far as ii goes, it viii tend to strength
en- the claims Of the Canal in The minds Of
all who pay any attention TO the matter.
In the Report Of Dir. Dunn, late Treasur-
e. of State, at the opening of the last session
Of The Legislature, the following paragraph
occurs: although embarrassment ,ttend-
ed the early navigation of the Canal Va
bash and Erie CanaD the last season, and
extensive breaches afterwards interrupted ii
The Tolls on the 3lst October, had amount
ed TO Fony-fye thousand one hundred and
thirty-ihree dollars, and VIII most likely, be-
fore the close ofthe season reach fifty
or sixty thousand dollars At least double
thai sum may be reasonably be anticipated
for the ensuing year, and corresponding
increase annually, as the work is extended,
and the country depending on the Canal for
an outlet, becomes improved and cultivated,
and its business concentrated upon IT," Ths
expenditures for repairs On the canal during
last season, were about S25, $3.50, and it is pre-
sumed they will not exceed that sum this
seasons the older canal becomes, the
fcwer repllrs are needed. Now supposing
that the receipts for the next season will
equal the expectations of the Treasurer
and there is scarcely doubt but they will
and that the expenditures viii remain about
the same, we then will have nett surplus
niaetyJfpe thousand dollars, TO be APP
Piled 10 the liquidation of the canal indebt-
edaess: This large sum ii will be remem-
ed IS TO be derived from that portion of
the Canal between Lafayette and the State
line oaly--and win be the result Of bust
ness on the Canal altogether local in its
character, and upon section of the work
very little more than one third of the whole
Taking this estimate as fair specimen oil
VIVA might be expected the first year; on
The Whole route if finished, we should
have f.r the local trade only, the gross
sam of $685. 900, from which deduct for ex-
penses, the $4,000 (Which is considerably
more than three times the cost of repairs OF
the Lafayelte section, and there will remain
ftco hundred thousand dollars of available
revenue at the very outset, 10 be appropri
ated TO the use of the State Phe Treasur
CT estimates the annual increase ofTolls q
loo percent,but this expectation will proba
bly, not be realized, afterth second year, whel
business has TO some extent been concen
uated on the Canal We will therefor
put down the average income,on the receipt
efeach year,for period of 5 years,at % pc
nt,and.we have then the sum of sic handre,
and ten thousand three hundred and fftg
one dollars, as the nett receipts arising fre,
the local trade only. An amount altogetf
or sufficient to pay the interest on the Who'll
State debt, as presented by the Treasurer i
his annual Report, and to relieve US at QUO
from the disgrace and odium of repute
Bankruptcy.
But in addition to this large Revenue t
be derived exclusively from the extern
trade; the income from tolls ON Merchandi7
and Produce passing along the Canal fro
other States,will form an important resourc
for establishing a Sinking Fund, wit
which, to Iiquidate, eventually, the ent
debt of the State. The value of tll
revenue from foreign sources may
tolerably well estimated, when we co
slider the fortunate position ofthe CAM
for securing large transportation to al
flom other States. It will connect u
whole Lake border with the the rich valli
ofthe Ohio and Mississippi, by the on
thorOughfare that can be relied ppon in Sc
sous OF lo,o s0ater, and the Gerry cheap al
speedy Intercourse 5et,reen thsSout4ern teri
nus, (Erunspilze) & ". Orleans, must At on
recommend the route as the safest and @pe
Diet one for the transportation of GroceFi