The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1850-05-03
THE EAST TENNESSEE AND GEOR-
GIA RAILROAD, A PAYING EN-

GA RAILROAD, A PAYING EN-
TERPRISE.
The advocates OF our great work, in
dwelling upon the immense advantages
that will accrue 10 the country rom lis
construction, and in appealn. 10 the land
and property owners to take stock on this
ground only, seem to have lost sight o 10"
srea; principle of human nature: that men
will no, subscribe and pay their money for
any object in which they are benefited
only as members OF a community, and
only TO the same extent as other indlvId-
uas who have not contributed their rro-
portion. or even a, all, for the accompsb-
menl Of the ohec, in view. This is the
more singular wien the facts, il properly
understood, appeal so strongly to the pr
vate interest of every individual who is
able to take stock IN the Road. Let US eX-
anime the capabilities and productive bu-
Siness of the country, and see what is Ia
be tie effect upon the Railroad. In the
valley Of Eas, Tennessee between the
Mountains, there may safely be assumed
width OF 25 miles of first class a,ab'e
lands, capable OF producing at least ID
bushels Of Wheat, or so bushels Of Corr
to The acre. II the Road was nrrnea 10
,.5,, to 'hnr /
must tie evidrrt 10 all thai il will command
the greater portion OF the business. Sup
pose that the Read is opened bat TO the
Hiwassee, 1t may then be assumed that a
strip Of the valley, say 100 miles long by
% wide. wouli be tributary TO II. This
gives $500 square miles, equivalent to
600, eco acres. Say one fourth Of II
100000 acrcs--is in wheat; this will pro
duce ct II bushels per acre say COCO, GOO;
say but one fourth Of this, or 900, go, is
sent off by Railroad and cents per bnshtl
is paid for transportation, we have then
$50, 900 revenue to the Road from ;hl,
source. Now Of corn, Il, 60 bushels TO a.
acre, on 1000. 600 acres, we have so,
600, 900 bushels, and one fourth exported:
tins gives $500 900 bushels at cents
100000 revenue. Now take hogs. b,
tie above calculation enough grain Is left
IN the country to falten at least 100000
hogs. These will make 90. 0OOions OF bacon;
call the transportation al $500 perton, and
we have $4,000 revenue from this source.
The demand Tor groceries and goods cre>
alpd by some 100000 people. who will he
directly dependen, upon the Road for Their
transportation, must alone bring in a very
heavy revenue, 10 say nothing Of the pas
sengers, and the thousand other items Of
profit which 1t must he evident TO every
think ing man must pass over the Road
But applying the receipts from all these
items, together with the up freight. TO COW
cr the expense OF running and keeping the
Road in repair, for which it must be eyi.
dent they are ample, we then have tor
profits TO the Stockholders. as above, as
follows:
On 100000 bu. wheat at cts. Ss0,00o
7,5OO,nOO com 4 " 100000
10000 tons oil bacon at So 10000
Total net, profits per year. $4,000
This appears like an immense sum. but
before sneerlng at it, or pionouncing it TO
be exaggerated, let the person so inclined
look carefully into the facts upon which it
is based, and he cannot avoid being drawn
into the conclusion that it is altogether too
low. 1t may be said that the demand for
The articles enumerated will he speedily
ex,irguished BY this enormous supply. but
this is not so. There is a yearly increasing
demand on the seaboard for bread slulls
and provisons-lhe British demand is 10
be supplied, California looks to the Atlau-
tic seaboard for her supplies, and there ~
not IN the whole United States a cheap
grain growing section Of country that can
supply this immense demand AT so SINAI! a
cost Of transportation AS East Tennessee.
In the above calculation the prospective
business from the immense Iron beds,
Clinch River Coal beds, and manulac,ur.
ing Establishments 10 be built up upon our
rapid streams, are not taken into considers
alton, but enough we think has been
shown to make it apparent that the Stock
Of this Road will pay a larger prof, on lis
cost than any other investment that has
ever been offered in this section Of cnun
ry, The cost Of building the Road to
Balr's Ferry, including all hitherto ex-
pended, will no, exceed Sl.200,OOO. 10
per cent. on this will require but s l20, 600
net profits. Can any one doub, that a
much larger sum will be earnedl
APPOINTMENTS BY THE PRES[-
DENT,
BIZ and uiih the adrice and consent Of The I
Senate.
William p. Kinney, Of New Jersey. 10