The Davenport gazette. [volume] (Davenport, Scott Co., Iowa) 1841-185?, 1849-11-15

II0 JIetkuS w tVV "utt't
Io.eres. a, 10 per cent per annum on
detention Of hall Of whole psoductsy
~, x,;u,ijoo. 100000
Assurance to merchant Cor rsk cflhe
market on same amount, say at the
rate Of 10 per cent, h,o"''o
Total. Sl4a, l4600
This sum Of Sli9,l4s,O 90 may seem ~ those
who have never taken the trouble 10 aggregate
resu,s. 10 be a startling amount as tax paid BY
the farmers of Scott county ~ consequence -
the wan, OF proper facilities tor access 10 afAe''
but startling as il Is. il the data arc coFf.c' " :
TRpr. lis as nearly correct az tue oessi'sn's
we have, ndn:it. Bat suppose we thto" Oh 90
per cen, of this amour, We should sill bave me
sum of saw 100000 which, lhe farmers OF Scott
county would annually save by Runway con-
nexioa with either the Likes or continuous
line of r always 10 the seaboard.
B4,I have not vet alluded TO the influence OF
RAILWAYS upon opeFty.
Tae products OF the county Of Scott we est
mate as tollows:-
eos. 900 bushels OF Wacat. 50 cis., 100000
49,. 900 {. OF Corn, 20 : lC6,a0o
All other products, say to,ooo
S34o, 400
Upon the produc;,on and sale Of this amount
we have seen that the saving 10 the farmers OF
Scott county, through the instrunentaiity OF
Railway to Peru would be .sl00,oWO a. the low
es; reasonable estimate, or 80 per cent upon the
gross product.
Now sir, 10 estima,e properly tho inctease IN
the value 9th e lnnds that produce Ibis $3.50 ,lon-
sand dollars worth OF Wheat, Corn, &c. il shon'd
BE- borne in mind, that the nt,itrsic value Of farm
ing lands is jus, SO much principal as The average
annual value OF the products would be an inter.
Is, for. after dcducthg the value OF the labor cx-
pended, wear and tear Of implements, repairs,
&c. fencing, &c. About 10 per cent OF The pro-
cecas Of your produce ale your clear profits and
these amoun, 20 about an interest Of ten per CT.
on 4 o per nero, taking The average Of your cul-
,iyaied lands throughout .ne comfy. Tue Rail
way by giving you 90 per cent additional profits:
would actually increase tie value Of your lands
S28 per acre, making The whole Intrinsic value
A3a per acre--now worth but $40! Your abil-
i,y 10 sell that mere ased value will necessari@
ly be modified. BY the vast amount of uneul i
waited lands around you. ButMhaieser may be
the marie. value. should YOU visa 10 sci, the tn
t,iaac value will be determined at once. and any
Disparity between the two values will be rapdls
lessened BY the influx o. emigrants, who VII
soon cause one rate 10 tread on the heels OF the
other.
II now the real estate Of your conny is rated
at s800.00o--the increased sane OF 20 per cent
given to your products by the Railway would in
crease the intrinsic value oil your real property
~. s4GDOO-or il would then be actually worth
5000. 900 instead of sG0o.0oo lis present value
Would not such a consuinmation be worthy OF
great effort upon the part OF the Agricultural in
terest to acco.aplshil il. Ifyou XII youcan.
Itisnseless 10 speak of The influence which tbi.
Railway woald exert uron the town of Dasen-
port. You cannot have prosperous town with
out prosperous country. Make the county
around it wealthy, and yon have done all that il
necessary to ensure the welfare Of the town.