Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1850-01-15
NUMBER a..

NUMBER ~.
have done ny making il an entirely work. The Bin"
Ridge Canal has paid ts expenses by the SUM oi
SiC50 -; and has been OF bu ttie avail in con
s'rucns the new line. These works, them ought not,
in fairness 10 be regarded charge in the of the pre-
canal From the lower James River cana subsequent
To its transfer and prior the the present
ine and from the other works, namely the kanawha road
and the hanawha river the Company has derived in
years the income of s3S 745 o. This is J.l6 5Oper
annum equal principal 1921 o. The difference
between this and million of dollars ought be de-
Quoted from the of construction between Richmond and
Lynchburg. And this would leave sl56S,03 -. The re-
ccipts from the canal last year S2i9729 -
nearly 59 per cent (ns,ead of per cent? The cost.
But it is maniiestly unjust charge upon uafHjsled
work unproductivencss. Let the results
uay reached compare with the estimates heretofore
in calculating what will be the grand total when
completed Mr. Cabe in his fourth ANIMAL Report before
the canal was opcncdat ALL estimated that the annual income
resulting to the company from tonnage and passengers
an average toll OF cents per ton per mile, would BE-
$4,000 tons TO and from places below Iynchburg
supposed 10 pass 100 miles the canal 100000
$4,000 tons 10 and from Iynchburg and the coun-
ties between that and Buchanan supposed 10
pass $50 miles, SI50Oo0
No portion of the Canal beyond Tynclburg has been in
operation since the opening the Canal in December $50
Yet the trade for II months the first year amounted 10
m equivalent tonnage of l0l5 nscad of 50000) passing
the distance of l6 miles nsead Of l00 average rate
Of toll of SlSlOOc (nstead OF ~ and producing $2 5l -
(instcad of Sl000p0)
Slr. Cabcll estimated the receipts lor The year
lei7, AT 1920 100 %
They amounted 10 2ll.Gl II
For the year ISIS h. estimated 25l 2O9 q
They amounted 10 20S75i ~
For the year lsi9, he estimate! 2S5j22 0i
They amounted to 2ig72g -
Being variation on his estimate short in tIe three yeas
Of only Sl6,6S5 90.
Judge Mason estimates the resources of the Company
when the Dock Rivanna and other connections and the
Canal 10 Buchanan are completed a, si3sC00
ith. We have not the facts hand 10 reply the
ton which is based upon the competition between the M
Canal and the Erie Rail Road W. have before us howy
e report Of the President and Managers the phad
pla and Reading Rail Road abou which and is eompet
ion with the Schuyk Navigation Company e have eari
much from which make the following blicf extract
II is dated Sth of January 1919:
1.-The managers have 10 congratulate the Proprir
tors the fact that satisfactory arrangement has been
elected with the Schuylk Navigation Company. by which
The rvaship detrimental the interests oi both has
ceased and just compensation Tor the service render
cd will be obtained.
The ow tolls charged by the Canal Company du
ring the past year. OF necessity required either reduction
oy this Company abandonment oi a large portion
the trade To suffer ii 10 be diverted even for TIM
thought be consistent with The permanent interests o
this company, and temporary loss the has cnsued
lhis however, Will be obviated for tile uie has been sta
ted"
The price o the Reading stock in October last $3.50
We have been able find specific quotation OF the
Schlyikl stock but informed, generally, that il is
s;dsssb!y higher ,lan thut.
5,h Under this head employ, with slight notifications
hc language OF distinguished Nirginian:
There is probably not a Railroad in this country or
my other, that would gladly get rid OF The
portaon Of bulky articles The principle by which their
tariff Of freight is adjusted is conclusive proof thai al least
they do consider il profitable business or tpg disf
eeior their generally in the inverse ratio OF The
distances transported very arriving at point beyond
which it is the for all distances if there be dii
icrencc, il is merely nominal Now supposing tn" rates
the cquazng point be justly and cquaby arranged with
the view yielding fair profit it follows, a necessary
consequence that all transportation beyond thai point
oe losing business, that it, cost falls the receipts
short distances And this principle also holds GOOD with
cgar travel The statistics Of roads, also Of the
roads in Europe shcw that il is the way travel that Ia
The through business Of rail road tcW sustain profta
bly,; no. the London, Birmingham and Liverpool
all road And this does not arise from the greater rate ol
are for short distances but from the greater number al
who travel shorter distances Therefore, The districts
country through which rail road passes mast be poPu
ous the road cannot be sustained.
The advantages which the canal possesses The rail
road First that from lis cheaper mode Of conveyance
The toll will be adjusted a uniformly increasing scacthe
.rcater The distance the greater the olhs dispensing its
benefits equally along its route encouraging the way bust
ness and increasing the wealth and products o
state while the inverse rule If the railroad in its of fare
10Th for passengers and freight would impose heavy
md ericvous burden citizens, and tend for The
benefit of the citizens of other states or when the railroad il
confined within the limits OF the state expressing por
ton for the benefit Of the ohera principle repugnant
the genius OF institutions il indeed it be not direct
ISOLATION of constitution. And secoady another
advantage which the canal possesses the railroad Is tina,
has and have, rival in cecting that which il
undertakes and which be accomplished by the rail
oad w.t. the transportation Of the products oi the
earth.
The whole controversy which has risen between railroads
md canals has its origin in the advocates of railroads ca
NJ for them what they accomplish and in charging
heir opponents with cncroachng the proper functions of
the railroads. When the parties 10 understand each
,her better and all animated by paoticdevoton hc
interests Of beloved state they will find there is just
4ausc for strife.
Railroads and canals in England now the anncls Of
ach other. After undergoing the and strife
ANONYMOUSLY together the rack and pinon the
ing business for the other and rce
Whenever the of the country TO be dsye
ped the canal is the preferable policy, but in country stud
led all with thriving villages and eemng with an in
srous and thrifty population engaged in manufactures.
airoads may be sustained and preferable canals.
borrowing the language of political economists canals
sute and create wealth. railroads like money only the
signs Of wealth. therefore, that country which, bg system
railroads. superseding her lines Of water commncation
undertakes reclaim her impoverished fields and carry the
and furnace into tho forest inevitably involve is
people and entail heavy debt upon posterity.
In making such a reply this, we have thought il
ecssary marks oquotation, which otherwise might
nave done.
-----<ssS----------
A CLERK AT LAST.
| II will be seen that Mr.. Campbell, has been cleo
ted Clerk Of the House of Representatives. by the votes
of eight Southern Democrats We cannot admire
even the force OF such magnannity Mr. Foncy has
been so true Constitution amidst the of actouS
opposition around him. that we had hoped the Democracy
would have been true him. the last. Our disappoin
j l. l.. .;.. .;La a1atL.r