The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1849-04-06

Piketon, 10000
Individual subscription in SCloto,.-.. $4,000
Ross, Pike Pickaway. Fairfield aud
Licking. ..--....-..---.-...-... $4,000
1920, 900
The question will no doubt be asked, g,
how is the town of Portsmouth to raise
100000. Your committee would reply,
the nett revenue of the town, after pay.
ing all charges for collection aud govern
ment, amounts to more than $1,000; inclu-
ded in which is about $3.50 derived
from taxes levied for Cooperative pur-
poses, while the taxable property of the
corporation amounts to $990,7l7, and
surely our citizens would not hesitate a
moment to have this corporation taxed
quadruple for one or two years, though
your committee do not deem it at all me-
cessary to resort to such course.
The present revenue as above stated
is the interest at per cent. on the sum
of $ll7,000. Therefore the present rev
enue would pay interest not only on the
subscription of 100000 but also on the
present debt of the town which your com,
mttee understand amounts to about Sl7,
600.
In addition to this revenue, without
any calculation for any increase whatcv-
er from the same sources, the corporation
owns real estate unimproved which would
produce revenue of $4,000 if leased at
6 per cent. upon its present value which
your committee believe could be readily
done.
3. Of tie eoenue.--From The best in.
formation your committee can obtain the
revenue arising from stage fare and 9th
er sources, will more than pay the inter,
est at 6 per cent. per annum on the whole
cost of the road,
From information obtained from sour
ces that can be relied on the gross re-
ceipts for stage fare at the present day
from Portsmouth To Columbus and back
through Piketon, Chillicothe and Circle
Vile, amounts to. .......... $4,000
From Chilcothe via Lancaster to
Zanesville, aud back, ,............ 800l
Transporting mail 10 the above named
points, 4UUl
Passengers transported on the canal to
aud from Portsmouth say 6000 ut
the low estimate of 81 each, ..... 600t
The amount of freight received aud
shipped from Portsmouth upon Gu
nal, amounted in l848 10 about 50.-
900 tons. (not 10000 tons of which
are received and reshipped tolponts
beyond Lancaster, as most OF the
freight Tor Newark and ports northis
forwarded by other roues.) II reas-
enable to suppose that the Railroad
would get one half this amount, say
$4,000 tons. for distance Of at least
50 miles, which at the price named
( in tile charter would be $24 per ton
equal TO- Observation-Disclosures. G2,50
Making total income predicted on
actual facts Of the day. OT.....-... $l0l,50I
by an estimate made by committe
appointed by the Belpre and Cincinnati
Railroad the revenue arising Mbm ca
ports aiOne from Chilicothe, Circlevilt
Lancaster aud Newark amounts to $3.50
} 900. This estimate was made ON shir
ments made during lS47 and 1918. lti
but reasonable to suppose that the Sciot
and Hooking Valley Railroad would re
! cieve certainly not less than one third q
this property, say $4,000, which adde
J to the above, would make the revenue {
8 the road from known and establshe
> facts about $l54,000. In the above est
mates no notice is taken of the amour
e of live stock, (cattle and hogs) and it
we'll known that the transportation {
e these items would produce large rever
Q ue, nor has there been any estimate wha
!, ever of the revenue to be derived fror
g the transportation of corn which it is we
b. known to this meeting must be We:
d great, as there cannot be less than 500
J. 900 bushels raised and disposed of b.
y tween Portsmouth and Chillicothe, an
g of which as before said, no estimate hi
, been made in any of the above calcul
tiOns. ..
10 Allowing the whole cost of the roa
machinery, cars, ect., complete to be
above stated at $l,650,0 the ntere
20 on the cost at per cent. would amount
- 100000. The estimated revenue thu
~ would pay, not only simple interest b
about per cent. more, or about 8 p
90 cent. from known data. without any
= lowance for very considerable increa
m both of travel and freight. Much of t
u. present travel from Maysville. Ripley a
other points above and below Portsmou
k on the Ohio River to the interior Of t
ID State, and to the East, would seek t
le Railroad from this place, in preferen