Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1847-12-08

when ii is in aid Of individual enterprise,
feel confident hat the promplinss of self
interest would bc safeguard against an
imprnvidcnl Investment or prodigal cx-
pcnllilurc. II the actual benefit derived
bv each individual corEl be asccrlaincd.
Mat would supply rule by which 10 ap.
pIrtiOl the amount Of their c0untribuipn.
Innt is mpraclicabIc, and The alternative
is rrc adoption Of some arbitrary rule by
which ii may be approximacd. Two
liihs of the c9Irc sum seems 10 have been
generally regarded rs the proper ratio, and
was at one time adopted by Ilis State as ii
principles: but other ccunseIs have sincc
prevailed. and each case is left to provide
for itself. hi, ought not To he su.--'rnc
spirit Of improvement is abroad, and our
people ought Ir knr~ what aid they are to
derive from the common stock in the pros.
ccuIiun Of enterprises calculated mainly 10
promote our common welfare. II two
Iiiihs be thought too much, adopt lnc pro.
portion Of nnc third, or even less: but lei it
be fixed ana permanent.
We are met here with the objection that
it is incXpcdent and imprnvidcnt to in
crcase Tie public debt, aud agree that il
ought nGl 10 be done without somc pressing
and obvious public necessity. But it is
believed that The fund generally designated
rs IIc surplus revenue, now existing for
IIc mast part in The form OF Stocks in the
Rail Road Company and debts due hy
them, might be safely relied on for tho
means OF raising an amount sufficient TO
NEE. the present emergency. at least /" n
reasonable extent, without increasing the
public debt.
1t may he That some difficulty mav b.
loun'l in raising money oil the credit "I
these securities alone. ButiI. as suppose.
III" present investment is secure. All :!a'
able tu see wha' risk Ike State vii! run. or
in via, lic pu5!ic debt will he increased.
il The STATE, as the means 0i' insurin. Il
ready marker Tor The securities, were 10
gCaTanIy their payment. An Individual.
havlu. sun oi money securci Y invc-ch.
.ruuii Gri feel that he run ANY risk in r;iiS
in. money apon its credit. even Ia The irII
amuIrt, Tor Il further Investment, and nav
in. srcH7cly invested thai, Haere would D.
rh. objection, in an economical view. us
Borrowing like sum, il, by 50 doiny, r'a
s'nahIc profit might be expected from it /!
Bat go anher-alI works of this charac
Ter are offended. aud ought To be perna-
Hcni: AMI the experience of line world is.
rha If well aud .jG'licously Iocatcd. and
iaI'hluiIy executed, their usefulness aud
va!u. are progressive. and each succeeding
year drreIopcs more and more the wisdom
Oft design. 1t is poslerily, then, who
are Ia reap the full lrulIs, aud it is TT t!ar
they should contribute at least Il portion OF
the expense Of rearing them, and upon the
principle before sralcd. hold that it would
be safe ana wise, even to incur debt in
the construction olany work, from which
the saving To !hc community NJ large
would be equal to the amount Of interest
on the sum borrowed with the addition o!
small sum. which would operate rs Il
sinking furd, and thus divide the expense
between the present aud future generations
provided il did net impose unreasonable
burlhens on either.
determine to aid the construction of all
or any OF the projected Roads, care ought
to be taken that they are so locaedas to be
productive of the greatest common benefit
that The sums subscribed by individuals.
with what the State shall contribute. be
sufficient 10 pay the expenses Of the pro-
jecrcd work, aud that il will he performed
in good faith. The paymen, Of The CON.
lrbu;iuns nf the State should he made ia
the ratio to be adopted. and r,I'ow the
Disbursements of the sums subscribed by
inii"iduals in that ratio.
Large sums have been from time 10 lim"
Appropriated 10 improve the Navigation of
our wafer courses. between Il line extend.
ng from Chcraw To Hamburg. and the
sea coast and can only account for The
utter neglect of the rivers above that line.
by the entire future of The attempt To i'm.
prove Ihc navigation Of them some thirty
years ago, by the construction of canals
around The rapids at an immense expense.
which have proved entirely useless, with
one solitary exception. We had not then
any experience in works of that description
aud there is no doubt were greatly over!
reached in the contracts Tor rireir con-lruc.
ton, or that they might now hc construct
cl lhr one third of the anumnt expended.
But the true cause oi their i'alurG and
final abandonment will 'rc found i'll the
entire ne. lccl of The improvement oi the
navigation Of Tic intermediate spaces.
which might lhcn have been made al Il
small expense, and AT still less n"w. 1t
was useless N keep the canals in 4 cond-
non 10 pass even the small craft used IL
the transportation OF produce. when the
rivers both above and below were imras-
sable, except when the waters were some
thin. above their ordinary height. The
difficulties and uncertainties Of the navi.
galIun ohlisc the planters, even on the
banks of The rivers, 10 employ their wa
CONS and teams to transport their produce
TO market, ut m expense of al least double
what il would cost If the navigation at the
rivers was rendered safe aud certain.
speak of these matters knowingly, and
from PERSONAL observation and experience.
How is this 10 be rcmcdicd