The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1849-03-30

gard to its effect upon the value Of real
estate, growing out ofexpected enhanced
value Of the products of the soil, and in
creased business in the towns; in con-
sequence of which have taken some
pains to make up something like an av-
erage of the present rise above the val.
ue two years ago. and find it varies in
the country from one dollar per acre in
the mountains to as high as fifty nearest
Nashville; and that the lots adjoining the
city have risen fully $500 an acre, and
many of them more than that; and the
lands out from three to ninety miles from
Nashville have generally risen and actual
sales made at advances varying from five
to fifteen dollars an acre. And the val.
ley lands beyond the point in the noun
tains have risen from three to ten dollars
per acre, near the road line. have then
determined that fair and very low av-
erage rise on the lands ten miles each
side of the railroad would be five dollars
an acre already, which is gain to the
land holders of Tennessee, aud on the
line of road, of $64 900 per mile Of road,
or 50, 1928 900 on the whole one hundred
and fifty miles, equal to over three times
the cost of the road, which will not be as
much as $3,O0O,OOO, fully equitable aud
under way.
The rise in town property has been in
as great a proportion, making at least
$1,3OO,OoO, which added to the $9,72S,-
900, would make $11,O2S,000. This
may look large to those that have not had
their attention called to this subject, but
it is so nevertheless. But even if were
only one fourth, it would be equal to the
whole cost of the road. Thus when it il
recolected that all the money subscribed
in Tennessee is laid out again in the State
and circulated and kept at home, the cos
of the road and much more is already ;
clear gain to the country.
Under this auspicious state of thing
what would he the extent of the calamii,
if the road should fail to be built? of whicl
there cannot be doubt now. 1t woul,
be much worse than the loss of debt
because the debt never was certain ant
cannot be until it is paid. But when
land d-holder has an advance of one, fiv,
or twenty dollars an acre on his LAM
there is no uncertainty about it; the Ian,
is his own, aud the rise of course his.
The muuntain land, the least valuabl
in the State, lying within ten or fittee
l miles of the railroad line, that would no
two years ago, command one cent per 9
ere, is now ready sale at dollar and uT
: wards.
= These are facts worthy Reconsideration
e particularly where there is scarcely Ian
y or city property holder whose stock is ne
II already more than realized to him in tn
rise ofhis property. Intact | have know
o of sales ofa single piece of property at
. sufficient advance to pay the whole stoC
't taken by the seller in fair proportion
! his whole property.
o These facts are certainly cheering, an
should be thought of, and act as an e.
. couragement to prompt, cheerful al
l. immediate payment by stockholders
10 their calls to enable the vigorous pros
y cution of this work, upon which depen'
n SO much of the actual value Of the pro
Is erty of stock holders and the welfare
u the whole State-for she would reap
y full share of gain, in the increased Walt
a. " of taxable property, and in characte
u from SUCCESS in so great work.
ID Truly, 5.