The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1849-07-20

. Dor or 10 money, would be profitable n
4 veslmeni. We have before US a report {
g he receipts Of the Petersburg Railroad
E. which is about Sd miles long. from the Is
: Feb, 1915 TO Is Feb, 46, one year an
( according TO tins { ill,ial report, their re
e ccp,s were as follows, 10 Wit:
From freight, So $50 %
From passengers, IS GIG 0l
Fem nal, lG 6l1 81
Whole amount li7 .G20 30
Our road from Gollsboro' TO Charlott,
will be 2l0 miles long Suppose II should
altes being built on the improved plan, ano
connected with the southern railroads, re
ccve the same patronage IN proportion IL
IT'S length the receipts would be upward,
Of three hundred aud seventy thousand dol
lars 1t every one calculate for himself.
Ii 10 agreed iha, the three millions, ia
VT, two from the State and one from IN.
d,sIduais, will, al the present low prices OF
ron, aud other advantages in building roIl-
roads at this day, be amply sufficient 10
complete the road on the most durable and
improved plan. o. the three hundred and
seventy thousand dollars that must annual.
IS DC received from the road, one hundred
aud eighty thousand dollars vii pay the 10.
tetcst on the two millions invested by tho
, ate. and SIX per cent. annual dividend to
the lodl,iIual khplders. leaving one
hundred aud seventy thousand dollars 10
defray the expenses Of keeping up Tho road
"a sum suthcien 10 do this, and leave
three per cent. nnnualy &c create a sink
ing fund to pay OIL the States load, and
increase the individual dividends from slx
to nine per cent. which is the dividend on
the Pe,efsbur. road.
We arc OF opinion tha, this Is no 1i;ler,
ng calculation, OF one shch our road can
Eai 10 real ~ under any contingency. All
- no viii look TO HE products OF the rich
and fertile country through which the road
is o pass. and the capabhiy oil the country
10 yield sc, more abupdluily the products
tina, will furnish freight Tor the road, will
admit that the calculation We have made as
10 The anticipated profits 81 the road are not
larger than experience will prove. TVS
expectation Of profitable road sslill more
confirmed, when ee tciisc, that oil the salt.
molasses, sugar. coffee, fish, oysters and
other articles OF PRIME necessity or luxury
Tor every family in the acslcfn portion OF
he State, will have no pass over this road.
, When We look to these things, IN conner won
vith the contributions uhich the southern
roads the turnpike, the Calasba and \ I'd
kin rivers vii make. none can doubt he
correctness oil Tie estimates that we have
made.
We have said that the road would great.
y increase the value Of property, and &c
pecially Of oil real estate contiguous TO It..
In THIS We only anticipate the same result
shich experience has proved IN other coun.
tres similarly situated.
/ In lllu-irnuon OF tho view VIC take Of this,
sc would mention lhal the real and person.
al estate OF Boston IN 1910 vas assessed
as follows, 10 at;
Real estate, s60,i7i 200
Personal estate, 81 i51 400
In all, sol 63l GOO
In lists, after the Massachusetts railroads
were completed. the real and personal es-
tate Of Boston was assessed as follows, 10
wit:
Real estate. slo0 i03 900
Personal estate, 81 ,32i 500
In all, SI67 12- 900
Deduct value IN $40. o. G3l 600
Increase, s13.006 400
Showing tho increased value Of real ant
personal es,aie IN the city Of Boston alone
~ cigh, Years, arising as they adm, fion
, the budding OF their railroads, 10 be NOR,
than seventy three millions of dollars.
4 II itw we're pot too tedious TO those whom
We address, we could refer to statistics o
, other sections Of country towns and village
IN Massachusetts, New York. Pennsylva
, MIA, Ohio, Indiana, Georgia and o,he
States, where the increase OF trade an
n value OF estates growing out OF these RAN
roads would be 10, only IN the came proper
. ton, bu, too if,uerIng for belief
a We have sn,d that the railroad wou'
enable the farmer 10 realize aud 'nake nor
of oil the land he cultiyates. This VIC can
n not better illustrate than by introducing
!. letter from a farmer 10 Morgan count,
. Ohio,-a State blessed with fertile sol
:. as many natural advantages for transport
a ing produce 10 market ne any State in .hi
4 confederacy can boast Of. Here il ~, wor
= for word. Read il and hear his argumer
|, IN favor Of railroad, where lake., river
!, and canals abound:
4 81 am moderate farmer, with only qua'
e ter section, and cultivate about 100 acre
J.. as veil as can sfJrd TO, OF the pfcser
II prices. | raise ios sale, annually, abot
: five hundred bushels Of wheat, 20 bushe