The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1849-03-21
THE EFFECT or RAIi.a0ADs ItON
real. PRnPEKrN.

Railroads. ana Raiinusd Steaks. ZEN PER
- - !, - ,aerisshle changes pro-
t,,essI n lie esiidliian and IN me raine 81
nroreuy llr.ugl which Road may pass.
H. immediate snd the eventual results
h The simple value Il properly are surh
:. fully 10 reilnhnrse Stale inr The nut
sIay IN e,nsirnriion. Massachusetts, owes
10 MS Western Railn,ad he great changes
thar have taken plare throughout the whole
line of The Read. and mole especially q
is terminus. Boston.
Til. inrrease i nni confined 10 the
mere Iermini. bnt IL al iowns AMI villages
within Ihe range 81 The Road. The pa
pulaiion III Massachusetts. - very slug.
gish Tor many years. a regards increase.
has rrreived an impetus lram rs Railroads
which Is msre Than commensurate with
the enhanced value OF property. Thus
IN some Of the small lows IN that State.
their census returns show The following fa-
pid changes between 1910 and 1915. ION.
II five yeaisl in their population:
RoHhury. g. Per cent Lowell. IS pr cent.
B1ooktne. 50 Worcester. 56 +"
Cambridge. 30 Springfield. 50
Chelsea, l2s Fall River,
II may be said lhal every farm, every
arIe. through which . Railroad passes, =
enhanced in The value thereby Al least one
dollar per acre. The following remarks
are extremely pertinent 10 the subject. and
are worthy a careful consideration. Simi-
lar remarks might be written for our own
laiiiude. tharyland.l u The Baltimore
and Uhio Railroad were now finished,
there Is liule question lhal the enhanced
yalne Of property throughout The Inc,
would be .fhree times The cost q The
,Road'-iO saw nothing Of the increased
business that would be derived directly hy
our Baltimore merchants. In that event,
the number Of passengers frnm the Ohio 10
Baltimore no doubt would average 1000
per day throughout the year. provided the
Company adopted lhe minimum rates oil
fare. Baltimore itself would derive
much larger revenue from The Road, than
The Railroad Company itself.
From the Louisville Journal
The following letter, which we presume
was written BY The able Presiden, Of the
Nashville and Chattanooga Railroad,
SHOWS results which we have of,en pre-
dlclcd would attend the construction Of
railroads in this Stale. -
We commend the letter 10 our farmers
as well as legislators:
Nashville, Tenn. Feb, 10, 1919.
- NJ -. ~ Y
SR: There was, al the time Of making
up the subscription 10 The Nashville and
Chattanooga railroad, much said, and con-
flicting opinions expressed, with regard TO
lis effect upon the value Of the real estate,
growing out ofexpecte,l enhanced value Of
the products Of the soil, anu increased bu-
siness Of the towns; in consequence OF
which have taken some pains to make
IN something like an average Of the pres
ent rise above the value Two years ago,
and find il varies in the country, from une
dollar per acre in tho mountains, 10 as
high as fifty nearest 10 Nashville and
that the lots adjoining the city have risen
fully three hundred dollars an acie. and
many of them more than that, and tine
lands out f,om three 10 ninety miles from
Nashville have generally risen, aud aril-
al sales made al advances, varying from
i've To fifteen dollars an acre. And the
valley lands beyond this paint in ihe
maintains have risen from three To ten
dollars per acre, near Tie road line.
have then Determined that fair and a ve-
m low average rise on The lands Ten miles
each side of the railroad would I've five dol
larc an acre already, which is gain 10
the land holders Of Tennessee, and on the
line Of road of $4,000 per mile If road
or 1915, 900 on the whole one hundred
and fifty miles, equal TO over three times
lie cos, Of lie road, which will not be as
much as S3,0O0,0OO, fully equipped and
under way.
The rise in town property has been
in as great proportion. making al least
$1,000. 900, which, added TO the S9,728,
90, would make Sll,02S,000. This
may look large 10 those that have mol had
thcIr attention called To this subject, but ii
is 50 nevertheless. But even il il were
oniy one half. OF only one fourth, il would
lie email 10 the whole cost OF the road.
Thus, when l, is recollecled that all the
mnaey subscribed III Tennessee is laid
out again in The State, and circulated and
KEEP, al home, the cost Of the road and
murh more is already a clear gain 70 The
country.
Under this suspicious state Of things,
what would he the extent of the calamity
if The road should fail 10 be built OF which
,Ipre cannot be doubt now. Il would
lie much worse than the loss Of debt. be-
cause this debt never was certain aud cam
not be until il is paid. But when the
landnol,!er has an advance Of one. five, or
twenty dollars an acre on his land, there
is no uncertainty about il: this land Is hS
own. and the rise, of course, hls.
The mountain land. the least valuable
in the State, lying within len or fifteen
miles of The railroad line. that would not
Two years ago, command one cent per a
ere, is now ready sale at dollar aud up
wards.
ri 'rhese arc farts worthy of ronsIdera