Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1846-12-12

iorty hours ul each olher.--by The second cvr-
.nectins The tide ol he Atlantic with the cur :
rents OF the b-aujful Ohio:-ihe one. ulti-
untcly, by branches down The Roanoke ard
the Valley TO an intersection with she road
from Goriousvillc. and the other by b.snches
INTO the Northwest. satisfying c,efy essonI-
BILE want of the gseat sections al the State.
Both rivals to be regarded, end sccUmulsung
,houghoul their lo1g and msgnihcrntce course
the varied productions ot the richest country
upon the earth, would hll orr treasury and
pour constant streams OF wealth to our towns
and cities. which would soon enable them
proudly 10 rival the Proudest cities of lhe
world. Nor is this NIL: the vast amount OF
produce which would food our markets would
necessarily prd ce an immense navigation
inter ~.
Ii e atr Virginia woud become a ship
yard. He populst on would build our ships
own. and sail them, anil oil would feel the
inicii'ying influence OF this mighty tade.-
Virginia would be prosperous, and would
soon become rich; would add - her high mo
raj power the Indispensable element OF mum
bcrs, aud would soon become grcat;and would
then b.. what e~cry NlrSiuian most snxious,y
d $ ~, iadep H'eHt. This Is no isncy skt itch.
The results OF these important Improvements
will prove more striking than | have depic-
ted them. Like causcs pToduce like effects.
In lSl6 the whole real aud personal estate of
the city of New York did not exceed eighty
two millions of dollars In 1925 il was only
about one hundnd millions. In that year
the great New York Canal was opened. aud
in ten ycaCs the population of the city Of New
York WIS nfarly doubled. aud her wealth in
creased to two hundred and eighteen millions
OF dollars. And mp TO 1911 she continued To-
increase her wealth ut the rate of . ~ per
cent. per year, Notwithstanding the dcstruc-
tive Ere With which she had been devastated
and the monetary crisis through which the
country had passed. But in the latter year
the Great Western Railroad from Boston.
r which New York had imprulently allowed TO
be exiendcdto Albany, had been opened. and
the effect land l wish all who love Virginia
/, to mark III has been 10 reduce the increase oil
the population Of the city of New York toone-
and a quarter per cent, and actually 10 dimin-
. ish her wealth one aud one eighth pr cent
, per year. Bat while New York has declined,
y boston has Increased her population from 3d.
= 900 TO 10000, aud her wealth from $780,
COO 10 1855 coo 600 OF dollars, IN the short pc
= Rod uf 4 years.
The extraordinary results that have follow
y cd the completion oi the grrst New York Ca.
' nal. and ot thc railway of Massachusetts,, are
4 well calculated TO excite our astonishmcnt
and awaken in,r dulity. In ten years after
the canal j. OF mel, New York city more than
doubles her wealth; and in four years only al
y ter thc opening ol thu Western railway, Bos-
ton has increased her population about %
> per cent, aud her wealth over forty per cent.
Aud after dchuciing from these amounts a
sum sufficient To Coucr their average pre-
vIous PROCESS, n balance will BE- found in
4 those respective cities much more than sufi-
cient to cover the whole outlay in the con-
s%'ruction OF those great works, and that, with
. out any regart tn the Increase OF wealth and
population on the line of the improvements.
o. Aud IL establishes the soundness oi the opin-
+. ion which ! have often exprcs>,d aud here re-
Is peat, that Eastern Is more interested than
y Western Virginia in the speedy construction
2 ol our great works.
20 To briefly restate my plans: I propose aud
&c rccommend Il Railroad Ia cpmrucnce at Blu
ch"nal, and To proceed To the Tennessee line;
~ oi conrs-, suPcrseding all inferior improve
" iDents on The route. Anll prupssc and rec
oininend that the Lpusia R.ilgoad IRON Cor
d"nsNilie be pushed INTO the Shenandoah val
ley WITHOUT delay anl that a critical, instu-
IN fatal survey Of the Northern route. which |
have designated, b, forthwith made. can
= no, doubt lis practicability. The great Mas.
sachusetts Railroad ovcname, Ia the distance
oi about two HUNDRED Inilrs. an elevation of
about ! 400 icet; aud | am encouraged To be-
llsNe ttst more SERIOUS difficult les will not
y have 10 be Overcome la the accomplishment
\ oi this great design.
la the construction of these works, the
: s%triciest economy should prevail. Expendi-
lures should not be large enough to disturb
the prices OF labor and provisions. ANY er-
7 pendtturc will stimulate industry, and in
crease iis productive powers. This excess Of
production Will supply the unusual demand.
= u 'hc proper limit on expenditure be adopt
u ed, AM these improvements will thed progress
y under advantages Unknown to similar works.
propose AL expenditure at hall a million
c a year. only, To b. divided between the two
z works. This divided expenditure will pow
eriully tent3Q prevent ai upward tendency
IN plices, anu secure the construction OF the
u rress upon ivrots much below the experience
o' Tue country. @ih two years ihe improve
ineht rom bOrlpcsvitlc will have reached
fe TIE valley OF the Slensuloah: anil in lhe same
lime the S%)uthwesl Riilroul will have passed
the coal AMI iron regions uf BoteloVrt: and
fi 'nc increasing revenue uf he James River
e lanai aud the Louisa aud Fredericksburg
/ Railroads, we shOHii b~gin 10 Tesp some III
the Lugits Of our enterprise. give IL ~ nav
bt orinpn, That the increase of revenue which
ii l3pse improvements would IN different ways
J.. produce, would. after The outlay OF two wears.
pay the interest upon all The loans required
n Tor their prosecution.
b, propose to provide for The expenditure
which ] have suggested by on annual appro.
pfiation from iic Treasury Of two HUNDRED
"'u7"h" uoltats' ahu an issue OF State bonds
!. Tor 'he bdlande. The Treasury cen easily be
Pot into CONDITION to meetthis demand n,,n
~ without Ine exiIaontflhU charge anon
Inc Treasury, we shall have sipplus. on the
n htst OF October next, of upwardSof 8, so COO.
. winch . slight Increase OF lo~xatioafson cssg
! ieln subjects, which | have heFeD&ie MED.
uoned, would swell TO 500. 000a and thus
place our Treasury in condition t. s8sct lhja
new equislliou. The bonds wonld present
u" dlilculy OurState credit il Tn the bcst
osndiuon, and oar bonds cnuld BE- easily dis
r P'S'd OF 81 par aal under isvOHbie cincum-
Stances az q premium, 60 foreign purchasers.
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