New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-11-14

h,,l ~ thu Ohio river aud the Bridge have been com
,l.,ea according 70 The original plan also wharf or
ia. Handing in front Of the basin thereby creating
80. and easy communication between the Canal md
| the Ohio River.
Thsproyefty belonging 20 the Company es al, az q
o,brscs. the termination of the OH, snd Enc Cana
who're il ntersec.s the Ohio and sc9to Riycr' aud x
| eseds 90 scTe'. Tho Company ts7e lease OF al
the .urpus water ~ tn Cans ~ this sce ia tern!
nus ,hry propretor- II 's~ Perry sod ne Bridge
across Tie Scio,o River and VI e1sA'Fe ire stoLe
ousrd.s near the Canal
Toe nrx, and only remaining important object Of
the Company, IL N the construction Of steamboat
basin locks and dry dock 4 tford 5ston ior
building and repairing stesmooats IN. - imPrc ~
10 nts sre OF such Cnqu~t.ioDaOe inporience aud
pronlGe, 40 scarcely 20 admit q exsegeraton.
ltiss fac. worthy Of especial note hat neither m
toe Ohio rs tributaries nor on the M.s,sipyl, .
there sny sble ate for Dry Docks, comm AIDING =
supply ~ water from high ers except on he lands
of his Company tis therefore o zeal monopoly. y
nature and Who estimate the future ga.e -
tn's water power 10 such iocsiiJLf
Hon. ABBOTT Lawrence, who thoroughly informed
himself upon the subject stated srOrt tm- since tnt
the land rs This Company was t1- oes, ito ior manu-
featuring cry 4 any 'ce 10 tte western Ntabs, "n
which DE- was acquainted. b. rems Sed that me
advantages Il this point over Lowell, were msny anu
important
a. Cotton and Wool arc cheaper cotton can BE-
had IN the Mississiuui and Wool "a the D1io- Il
Provisions can be ,b,si ned fYr one third toe price q
The climate IA n ore favorable for maluaciuilng 1h
FAorc. Of cotton and wool are worth more tnan u
LoHelL 9Th There Is an Unlimited market eE'eoni
ur over ali the country wa'ered by the MissAspp
and the onto Rivers and their tributaries
The Foa neers who have examined tbs place Iepu4t
that the .ter power as connected With the canal may
De- Increased many cubic feet Per niuu.5 As l 81
uacurcrs may desire, within the limits Of me oco'o
River from which the water 10 taken, and mas been
le.sad by the STATE O. this Company
Portsmouth, "a the scst Of Jastce OF tho touh'y o.
0 0yrfi4 frfrr
from Pittsburgh. The Ohio and J 'io Cana. ~hch OK
tends the state over 800 miles from tie'e7"u
on Lake Irie 70 the OHIO - F3rtsmoutn' Pa7't'
through ald terminates on he land OF the company
This pa-e therefore. c0mbiues the important afVan'
tages oil steamboat katlou On The ono ana NJ SIS
sippi snd OF in aud navigation through ne Stat u
Ike Erie and Buffalo This Canal co'l stV'JVi'
and this property comes iu Tor all tho neu To ~ 'hs
argo expenditure 81 the terminus oi this great OK
s central position Ia relation % other large towns %
IN OHIO and 30 the commerce Of ne state ez mp IL
from the iahity 10 competition. u appears lhrr -
mn, On The OHIO or It's tributaries above POrtsnoltn
single Dry Dock. nor between lIr,sm lut1 and Ne"-
Orleans excaytat Louisville, and tna'is iu compAilson
unworthy OF consideration inst the expense ANn H'A
81 baupr boats ca the beach r repair are 1cn as 70
make 10 an object 10 tow them from Ne" orleans u
LOUISVILLE interior as their dock that o. Inc steam
HOtts over go Ia number, regularly W use On u.
Ohio moro than half were butt 1T Portsmouth Hno
above that these b0sts generally requ'r" Whu iput
OF years from the tine they are butt l. De lFlle
u prous big overbAuled and repaired Inc cn'aPnet'
be- accomplished in the Docks Of this Company ea1
hardly fsil insure their being constantly occuPe1
Al the materials required for repairs including IRON
Tor boilers and machinery, eau Doe luihltheu ~ u"
mouth and generally - cheaper rates than ese"h'fe
the ohio And the purpose tor Whlch these "'iNH
viii be- required, Is that Of tn safe Keeping o' b'4's
from Hoods aud ice, during the "lhirr s'tson' ur
Basin being Of such cnpacity - 10 admit al stNrN
hundred boats 10 ufne. These ais antdge' th"s
,risHy .,snc.d st must in short period render The
stock of tnis Company very yausble inYt 7ineht
10 Is worthy Of remark, thsi IN" surplus "aff
leased by ih' stse to this Company soi great value
NOT Only .unt a tho qutru'y but siA moro ON
account NJ tn elevated brs from which 10 may ue
taken sad applied 10 the various purposes Tor wren
hydrauIr power 10 desirable. The facilities Win
which wood cotton, hemp, iron lumber and othrf
a's tor various manufacturing purposes may "e
contracted at, and products disirbuted rom TINS
place of the greatest Oftance especially 10 con
nection with the water power aud the remarkable
cheapness and abundance OF coal and provsons oil coal
and provisions
II 10 impossible 10 dctermlne limit to the business
that may be- done this basin long as the 10000
miles Of river navigation connected with the Ohio end
Mississippi are not half supplied With steamboats, The
d,msud tor repairs AZ well As i)r new boats mls'
sesd increase with the spread Of population on the
western waters.
WI,hout further expenditure, the dyidand- Of tie
| Company viii be- derived from,
lst Ihe sale oi lots
2i The working Of the stone quariias
3D. Iha Wharfage of steam boats
3h The tunusge chsrge on produce aud mer'Lan.
lice passing L. aud from the Canal
5th The rents of the water power
9th Tue toll ON the bridge Just com plotted aud which
alroady yields over $40 per day.
With a population such as ~ nov see steadily HOW
ing into the Western states, who can reall" ne
growth Of such location that of Portsmouth on the
OhiOf
In addition t. the foregoing resources Of this Com
pany we find in one Of the Reports made 20 the stock
+ lders by the President and Directors of the Com
pany the following estimated income from the lock
aud dock whenever they constructed. Wa ale
now informed that this lock and dock 10 be com
ple'cd ia the course of irw months
The Report says .-"lt Will appear by the foregoing
abatement for which we have the testimony OF men
Of expei fence whom can rely, that forty per
cent of all the boats will require 10 be hauled out an
uusy for repairs suppose theo three hundred 10 be-
the number when will sop al this basin rrty per
cent ot the tsus would De- one hundred and twenty
boats averaging hundred tons each and upwards
In the docks Louisville, tae following charges
made
one boat oftwo hundred tnus. entering the lock
Average time " repairing, twenty days. Al 70
Total Tor each boat .............. (ln1 40
| A. tins rate hundred and twenty steamboats,
would pay annually 600 900
SALES OF RIAL ESTATE
~ 4 J. Beccker ? lots south side Tweuy-ihrtst
naar Lev - nOrth-side go.