The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-02-21

sppesrs by this, that more thsH huudrsd and
hfty millions of dollars we're Ia these
at the co.e OF ls4s The number Of miller consru tied
and put into active operation in l84s greatly exceeds
any previous year. being nearly double that Of 1898
| With such snimmense extent Of territory, We must
have few years, double the eagth of read We nov
have, and the amount Of money invested will soon ex.
coed that employed In any other branch Of Industry
In few years. 1t will be larger than the aggregate of
our public debt, and ultimately be far In advance OF
the banking capital Of the country. The rise and
progress of these works therefore, becoming mat
ter OF immense Importance to the millions who have
;nvestme nts in them We far In advance Of Great
Britain in the construction Of these works. considering
and resources so far the length Of road
is concerned, and few years will suffice place In
the same position In the expenditure Of capital
The annualrep Of the Erie penny Canal, from
Erie to Beaver gives the following estimate years
business -
ERIE CANAL, PsrN., 18as.
The total income OF ls4S ST.. 270 48
HAP'nu'ue' '''''''..'' '''''''' oo,i'o II
Amount funds on hand, January i, Ij4s. 1906 Of
LIABILITIES
Stock paid ............,. "a $50 90
Interest, calculated up to lat Jan isaa .i72 o45 "A
Due on award of damages by Canal Comms-
Outstanding account on the uns-estimsted $40 80
Total liabilities. 1884 5s4 rs
Deeact cash on hand .............. s. 7oe Is
Total beyond cash on hand ... .ss4s s4s 4s
The amount offunds on hand has been applied to.
wards paying the interest bonds and certificates
due on LIST January 1S49, viz: per the bonds
and per cent on the certificates.
The Governor Of Illinois, in his message to the Legis.
lature of that State put dewn the value Of all lands
under the control Of the Canal Trus ees
including those sold last fall pursuant to the of
ls4s That is, 1t appears an over estimate. 1t ap-
pears that the entire quantity Of lands under tho
control Of the Board Of Trustees amounted to yearly
225 900 acres and the number of lots In Chicago and
other towns along the line, amounted to 5000. The
whole lots and lands valued at 26 OOO of which
$l00 600 for canal lands the tswu lots sking up
the balance OF the lands about $4,000 acres apprai
sed at $30S O00 Sold The amount realised by sale
exceeded the estimate by about 81 000 In this Is in
cluded about $40 oeO the valuation of about II 900
acres, which were entitled to pre- emption. OF the
town lots over 1000 sold, producing about $780,
00o being advance upon their vau alton Of nearly
$4,000. From this sum Sill 900 10 to be deducted
being the aggregate of the ia lures in nrst pay
ments. Thus the total mount Of sales exceeds $780,
900; while the lands yet unsold- 900 acres and
1900 lots-sre appraised at 81, ses 1893
In Chicago there were Ats town lots appraised at
poooVVV. VI tneee, oVV were SOLD Tor over 100000;
which at value exceeding their apprsissmeut by
nearly $4,000 OF this 500 600 was received from
lots entitled to presumption. The value of the re.
naming lots, according to tire appraisement, is
$4,000. The sales at the Summit amounted to $780,
At Lockport the sales were $32Ooo at an advance on
the apprsisement Of $4,000. Tee unsold lands are
valued at $40 GOO. In Joliet 5000 were received
The lots unsold are valued at $1,000 At Du Page,
lots to the value of 500 Sold $4,000 yet
sold At Kankakee the lets appraised at $40, 800
No sales. At Morris, the sales 81 0O0 d an ad
vance Of 50 co., Unsold lands valued at 50 O0O At
Ottawa the sales amounted to $4,000, being an ad.
the sppraissment Of 81 OOo The unsold lots
and lands are valued at $l39 600.
Of the amount sold, fourth received, being
In the aggregate $23 The rents of lots and lands
including sale Of effects belonging to the canal
amount to $4,000 while the expenses for apprase.
ment surveying, improving, and selling the lands and
Iox. 60 nm