Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1847-11-02

p,,i E.,,tc Psr-uual Estate. Total.
1914, eco C63 900 6O43. 600 Si9S ls6,6o0
isaa IA 5.9 500 Al ,223 son nc, 7a3. 800
is4a 72'OIs OOn 4C 402 30l los ,d51,3 800
lsi7 91,TG4 :i1a 6i.579,nG0 l62 BOT, 100
i" fssi q mean ."" 1883 200
D' chuse,s. 1924 .sa7
STOCK. -sA,oOs, 1873
Contrast this with similar valuations for the
same period in New Yo:k:
Real Estate. Personal E.latc. Total.
1912, sle6, 35a,yis s64,s13,972 ss5l 49,, $40
i-43, I7G,l59,oia Gl,a94,ssa a37 1901
1871, III 1861 i,t2a,t5G 2s5, son'u4a
lsi7, s7,3I4,3sd 59,s37,9l7 2H,i52, 3G3
Eoston's increase In 5 years, i,aa3, ruo
New York's decrease In years, 4,o42,sil
A great portion Of which may fairly be aitri-
bu,cd 10 The superior facilities OF communication
with the Yves, by railroad, possessed by Boston.
The increase oil property in the city OF New
York since the completion Of the Cana was over
sll700O,0 600, and lie population over l0a ,0Oo.-
Richmond wheni such magnificent results as
these were offered By the completion OF this great
enterprise should not hesitate as 10 her duty
Th. cos, OF transporting cotton per bale from
Mississippi down the river and through the Gull
Stream TO Boston was a. He was able 10 state,
that cotton could be SHIPPED from Mississippi per
bale TO duyandul,ce Tor Is cents-irom Guyan-
doe per railroad 10 Richmond for 81, and from
Richmond 10 Boston for Is cen's making clear
gain TO the producer of cotton OF 81 SO per bale
ner anuum. He maintained that bceves and hogs
could be brought from the West 10 this city on
The railroad and fed on the way for less than
would be nccessarylo support them by driving
In driving, animals lose in weight, while by
transportation by railroad they do not. He SAID
the opinion had often been expressed, that rail.
roads were constructed and managed cheaper al
The North than al the South. He felt happy in
refutiDc this The dividends on the South Caro-
lima railroad. averaged I per CENT Baltimore and
Ohio 7. Georgia 10, and the Richmond and FIRE.
dericksburg 6 Massachusetts averaged 4 and
The New York II per cent. But he argued that
none oil these roads would yield as large dividends
as The Richmond and Ohio road.
He averred that this road would mol inlnre The
Canal bur benefit il. file was friend 10 the Ca
nal. and wished tor il an increased trade. He con-
tended that this would not injure any of The en-
ierpfises OF The Stale, but advance them. More
especiaIy would IL be The case with The Rich
mond and Fredericksburg Railroad lie said
that If This company would take 100000 in The
Richmond and Ohio Railroad, il would all be re-
turned in one year after its completion, by the in
crease OF travel and transportation upon their
road. He stated that Ohio produces $4,000, 600
bushels OF wheat. III only 2.uuuuuu Oh thls
wheat could be brought 10 this market, ii would
require an addition Of ten -four mills in Rich
mond.
In conclusion, he thought by following the
Valley of the Roanoke and New River, as the
route for The main stem, we should escape many
and serious obstacles which other routes wsulh
force US 10 overcome. Besides, il would benefit
greater number Of people, and give better OPP
porlunily 10 extend branch through The South
western counties of this Stale 10 the Tennessee
line; branch would thus connect US with the
Hiwassee Railroad leading 10 Knoxville, from
whence the people of Tennessee would extend it
TO Memphis, on the Mississippi River. He said
| that the entire road, stem and branches, wonld
penetrate country unusually blessed with valu-
able minerals and agricultural products. He
mentioned especially, coal, iron, lead, gypsum
and salt. The agricultural produce was i'm
mense, both in magnitude and value. II the
road approached the West by the valleys Of Roa-
noke and New River. the people Of Southwestern
Virginia would subscribe 100000. He said
that the road. If made, would vndicate The pub
lie Split OF The Stale from reproach, and impair,
new vigor 10 industry and enterprise through all
her borders. The address Of Mr.. Morris was
characterized by great sincerity, fervor and abil-
iiy.
.The average per OF dividends declared their
stock the last year was, we believe, 8! per cent.