The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1849-08-22
fsn ne ssasssy wnsln.n.
RAILROAD PROFITS.

soIlh csTnllns Rsil Road being paying /.
ne. I will offer . lea estimates ss 10 ,
hsi other Roads. passing through sini- ,
81 county. are Going. that oiheis DsI
ndgs Tor themselves IN The matter.
By dedDriing from The rere,pis Of Ihe
south Carolina Rail Road. and Georgia
Rsh Roads. lhe amount received Tor abe
mails and ihrough-psss1gf, ihe following
arts are arIised al
1. That The loesltrayel oE those roads
p,ys 10 The company sl:90 soE each shi'e
re.id,ng upon The road, OF with
10 thirty miles Of Il.
Q. That The freight receipts are equal
10 81 per cent. npon The value OF all pro-
ducts raised in ihe same districts. This
is dedrcsd fIom The census Of 1910.
3. Thai this holds good or neatly %.
for I'll roads passing ILrongh cotton
growing aisiirL In other districts. !, 10
true within 30 per cent.
If ihis rule &c applied 70 any Of The
Southern Roads now in opefsllan. q vii
be found very nearly correct; and serves
a. ! data upon hich 10 iound an esIina'e
Of The probable receipts Of The NorIh Ca
rolin. Rail Road.
I.tus apply this TO The disifieis tribu-
lsry TO The North Carolina Rail Road. BY
drawing line from Go.dsborough 70 Rs
leigh. thence 10 Salisbury, and lhence to
Charlotte Il will be found 10 pass through
counties, or in q near proximity 10 them,
containing 8 population Of $685. white
inhsbitahl., { ach Of whom will yield 20
tie road a. above, 81 90 els per snnum.
slsl.O3o so
And proiurs II The annual value
Of ten million nine hundred and
twenty-five Observation-Disclosures
dollars, - per cent. Of which for
share TO Rail Road is 273,li6 SO
Oh total amount Of s4si,ls5 90
Deduct 30 per q. for cost Of working
road lsl,bF W
s272,5 90
which leaves an annual prolil Of s272.5ll
90, equal 10 an interest Of sir per cent.
on capi,al Of s4.5il $50. or over nine
per cent ppon The capital Of three mil.
lone. which il is proposed 10 invest 10
the work: If we add 10 the above The
,hIopah.ira,el. large proportion oil whleh
may be expected 10 pass through this
high and healthy region; and The mails
flor il is foily miles nearer By this route
from Petersburg. Va. 10 Columbis. S. O.,
and only . miles 10 Brsrchyllle. amount
ing in all 10 sle0. 900 per aurium, and VT
will have gross receipt OF s644,000 90
or neat s3s6,5ll 90, OF over ID per cent
on The amounl OF three millions.
| This is from the amount Of produce
now raised 10 these counties without max
ing any allowance for the increase which
must occot in country so fully suscep'
iible Of improvement as that through
which this road passes. Who can es
innate this increase When The Scuti
Carolns Rail Road was FIRE, talked Of. ]
was supposed 10 be wild calculation
. when ten passengers per day was spoke
, Of; the average now Is over one hundre
! and twenty. The smoun, Of produC
+. raised in upper Georgia since the com
l pleiion OF the Rail Road, is more iha
: double. The farmers on the Camden an
4 Amboy Rail Road which passes ,hroue
D The State Of New Jersey. when that wor
: vas first opened, requested the conlPan
Q 10 place one car al certain station 20 ca
/ ~ their produce TO market, which ";
. done. and five years afterwards. this g
: had increased 10 train, requiring u
L whole service Of locomotive. liza,
e seen myself thirty tons green coin gor
e by this train TO market.
b The milk train on The New York 81
Erie Rail Road consumes The power Of
lie locomotive.
I. A singular objection has been urg
Ell sgains, the Rail Road, that is--lhs, q
2, chespness Of transportation by bringi
he such immense supplies to market W
$ reduce the price; this is probsbly the ut
j. absurd objection that could be raised.
he the por, al Buffalo alone, there arrived d,
~ ing the year 1916. upwards Of ten milllo
" Of bushels wheat, all for the New 70
III market. besides two million bushels
il corn. This was from one port slor
II embrscing only portion Of the upl
ri lake trade. Yet the price Of wheat /
en- been on The increase. There was impor,
he into England alone, this same year, o.
80 millions bushels Of grain for consun
ne ton, besides an smount much greater
ds o,her counties. These are our reQo
". tors Of price-sll the produce Of No
ng Carolina il poured into market al on
Pile would be but drop in this immense s
ZEN The want OF conveyance bu, proven,
led from reapiug the benefits OF this mari
on We will take the article Of corn. wh
all now Is valued al an average OF 30 cent
err bushel 10 this vicinity. In Petersb
md and WILMINGTON j, is worth 20 cents,
ce. the only reason 1t is not sent, is ths
would cost more than 40 cents 10 sen,
I there. II The Rail Road were 6nishe
wouldbe iskenio either place for IL cs
ars leaving an additional sum OF % cents
lad the producer, OF nearly doubling the VI
the OF his crop.
as These are plain facts easily tested
ma any one. Upon ourselves now depe
,ne the issue--every man that raises
x,a tL,.hal. II corr L. ,,,a.1al T. rnrv Ia,