Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1849-05-17
EFFECT OF RAILROADS on PROPERTY.

Eff III OF RAlDROADS JN PROPERTY.
In part Of the country do railroads In have ex-
hlbed marked results the increase Of popula ion
and business than in Boston The I}ustin Atlas shows
that the incr ased value If real and personal
Boston in years has been seventy three millions Of
dollars, while in SIX years the decreased value in Nc~
York have been about millions The Atlas observes.
to mind the great Of this difference lies in .ae
opposite of policy, which the cities hay prr-
sued. New York has looked entirely foreign trade
negiecng railroads and manufactures, while Boston han
looked to railroads and manufactures the sources
OF weaih-to The domestic trade of the country fact
without much regard to foreign commere, with
the belief, tina that would increase fast enough
from natural causes, if she could materially improve The
other"
The Troy Wing. in commenting uprn the above ch
serves that whether the assigned for the difference
between the cities not ii il fully de-
monsiraed that the policy is t. encourage The ~
terna Commerce and trade Of the country tia, is 10,
snrest means Of growth and prosperity. aud that ven
directed efrs to extend !loidS into producing regions,
and to points where the commerce of remote sections
ceniers to find market. will be rewarded by profits and
in the increase Of pr pey at and around the dsro. Of
these railroads.
eve sub,in further remarks, by the Atlas illus!rs-
tive Of the Influence Of lroads cities and property
1.-The whole cost Of Massachusetts roads thus far SAYS
the Atlas, is about s7 900 900. q which perhaps
three onrths. mere gnpss, howevrT) Or S35 2500O
may have been expended by B ston since 1892 With
out these roads we hazard nothing in saying that me in
Of for years past would hare 5een
very moderate, and for The past years--durIng
which the principal lines have hren in arrive operation
we see reason why she would not have been nearly
stationary. The constantly increasing manufactures st
New England and of Massachusetts especially would
have prevented any ;etrogade movement doubtless; hn,
tr by tar the largest portion Of our gain Of s73tJUGO
from lo4U to 4S, are indebted 20 railroads. That
these roads have cost immense ert; hat The de-
mand TOR mnney To complete them has Sometimes shar
~, - ~ L
ines have been undertaken, which may leave loss t.,
the sockh'dprs-are facts readily concede but the
resUs is worth the effort. the pinch and ah the sses
which may accrue and a, whole, after making all
snable allowances, leaves beyond and over all i'm
mense profit. We have added to the wealth Of Boston
in seven years. S73.OO0.000. The cost Of Massachu-
se,,s railroads is si7 100000 NoA f,hese roads were
totally unproducive dividend stocks, and therefore
dead investment we should still, he GAMERS (ne speak of
Bo>on) by the Of more than 10000. in that sh r,
lime Could Boston have adopted any other policy which
would have given her The conand position, hich she
ias attained
"But these railroads are nn II he thus dIsrrsed off,
30 FAR from II, with the exception Of few " them there
10 better property in the STATE. Ipstead ofbcng dead
took, they earned last year SC 600 -rnpiyfns
vast amount 1 lai.Dt add. far plrpdt paynl
air dividends their shareholders is he-e any
on 10 donbt that they will continue 10 d:.st leas'es well
q they have done. There time when people wers
abroad mad, when there great FessUn ID fear that
he matter would much OvertloHe as ~ emu IN evil
Their than food; but that time hes passed hot elurn
nd we 'pbt if any Inns % imposr5e will be
crrak,n until those now in rr srpss haze al been fin
she'd and fully tested
'.Ihe whole gain from the pulley ne have pursued is
means SEEN in the increased value of property IN
oson The adjacent Giles have gone ahead eve" fa>fss.
'he our manufacturing c and owns. hrInghnrt tho
the, have advanced with equal rapidly. The effect OF
lese great movements. requiring SD much nns'sy IN I"
perid Of time has been 81 curse I" df'ert money
frs Wi lie: hui the 1rPa pYUts.
sutlny rherefotn. aud the accumg. VI capital f