Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1852-07-29

Il .ssssgasssNg ''''
This table shows tha, upon The articles emu.
merstcd, at the rate of Tolls then charged, the
people of Virginia were ia xcd one hundred and
s'ny-f'co M0asond. s'r h@ndrtd and Mirty-sir
dollars and touy Mree ccnts, more than the
people of the West. who use the Erie Canal
had to pay for the same facilities in conducting
their Commerce. The reader " III please keen
IN mind this fact, that the quantity of tonnage
IN the above table was the actual quantity
transported In 1919, on the James River and
kanawha Canal; consequently i, is perfectly
far to assume hat much Of each article will
be transported when the South side shall have
been finished Ii is also fair to assume tina, the
reduction in transit charges, consequent upon
the competition b,twe the Canal and Rail-
road, viii cause a reduction ON the present rate
of canal charges. of one halflhe losses shown bv
the foregoing table; say eighty one thousand,
three hundred and eighteen dollars. This
very large will then be annually
saved by the people. upon the very small a
noun, of tonnage embraced ia The tah.-
From THIS view some estimate may he formed
oiihe interest which the Whole upper country
have. IN the proceedings had at Petersburg n
few days since, to exp, di,e the completion of
the So'.ti-sile road to l., nchhurg. Hence We
said we could not chronicle these proceedings
as mere ordinary Railway meeting.
| In thisconneclion we would call the attention
Of our readers t" the following extract from an
article from "Herapath's Journal" Which W.
find in the Boston Railway Times, OF the III.
J une last:
Bythe atatis, in cfour present volume. the
receipts oil our railways in 1891 were 1861 On--
This is upnpaly Increasing. and during the prrscri
year will probably exceed !. i5.aQn 600 Nav. if ts
900 0G0 of this is profit il Ill be addition the
| wealth Of the country.
There is third equally pow erfu as il
more than those wehave enumerated. We audc
| the surplus Of capital year by year accommodating
Before the Introduction 81 railways it wns considered
that the increase WINS from f"rty fifty millions sterling
year Since their establishment there nrcsot simply
thu profits them amounting Eve millions, be ad
de' t" the fntyiye millions but there likewise
the savings in the reducton of transit and large
mount "fcaPii. which y the rupdry Of their operation
ind the electromagnetic telegraph is released fromtr,,e
and commerce. OF the latter amount small idea
may be formed from wlat stated to Ivy q
commercial gentleman. He said that the tnld-
| US win Whfrh tHh transmitted aha goods
returned his house alone could do ~it 80 900 I,rs
| capital in their business.
Admitting this who say what is the
leased the entire commercial community Of tie
United Kingdom II we take the amount uf ca pni
employed in business at $50 millions, which by Mac
1nee-- statistics il less than it i,it prpbnbr 'fa from
third to half Of may thus he recessed 100
| m,lons.
But there other in which the capital If The
country is constantly arcuuuaiing. and consequently
lacking employment One is the saving of individuals
in ocnm. Ly the railways, which j. estimated
less than So 10000. This il h. estimate by Dr. LAID
Mr.. &. II. Lang. another ritter liz the sin
Gle item of rapsp'rf of cnmnors The public the
an ,ual sum 81 36S 900" Wetake these item
from pamp hit entitled .'The Case Of Railways Con-
sidercd." attributed to The pen Of Mr. Henry Booth, eh
himself adds TINT tlcpenny postage. which coul! MOI
be carried except by the railways the pnlic
annually The old system the number Of let
tcrs $37 066 900 Ct 81 1900 These three last items
make f23 .00J 900 to he added tIe capital nm
| nuay accommodating in This country, over ond above
Y-ive mips saved before railroads. Mere III opera
ton. and aud above the interest Of the sum udrt
before taken Of business hy the quiekge-- %
transit Exclusive Of this last. which il u diff ul 4
compute, the by which the wealth Of the country
annually increases -
independent Of railways SO 90 200
Profits of railways s0Uoo0
Saved in transport of persons $40 900
Saved in transport Of goods. Z 1865 900
Saved in transport of correspondence $40 900
Total. ZIG Sd .0H0 !
So that the annual increase Of wealth Of tis country i
going on for eighty millions. This money must have
employment and where 10 it TO be foundf In the fund-
there is none. II any great demand come li fund.-
the way Of pnrehase heywi!l goabove PM. sad like
Louis NAPOLEON Eve per cents be reduced Inf per
cent That would drive the public further into railways
and ass matter uf course increusestiIeir price.
We Therefore help thinking that the future
railways is good. We say this independent Of any Cal
iEIrnisi, and Australian gold. We speak of the matter
from plain, facts from the natural work
ing. rciaI -y-ter. But ~in -uhoin il
the effects Of the newt y-diseosered g'd fIk 1t
ceiy possible for railways feel the effects
adyantag q ousy. To what Mt TINT may be
say Our own opinion is that it must be eorsidrra-
bic.
il was calculated in July. siJ, there mill
ions .,f pIyed capita country. We cannot
help believing t-re not short Of this
-in,ar Of cmpleyment.-Heropoths Journal.
We ask especial attention. 10 SONG Of the fig
ures in the above extract: ssr
Saped in the transportation # tftt"
go"ds- f7,365 900 Sto'g.
Saued in nc transportation II
Sa,ed ia the transportation Of - ID
correspondence. ---....- fS,240,000 "
TOTAL sarings-- f23 S45. 000or 81 IS. 225. 900
annually sarrd By Me propie Of England. be-
cause they are procided ruth cheap frarel for
persons and commodit,es. and pih cheap post
age. This goes great way to explain how
j, is. that in England capital is more abundant.