Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1852-01-02
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RICUNOso ;;NeuiRER.
EK,D,l s1oRNING. JANUARY 2. 1852
INTERNAL. IMPROVEMENTS.

INTERNAL IMPROVEMENTS.
The tardy und vasclang course pursued by virginia,
,bs subject OF internal improvements until within ~
wears when greater activity was given 10 hei -,
ioe rolling (Which suddenly plunged the >'"'' NV
NJ M maGEi;udc) have pceh VIZ" eae""'
- DISCOURAGE our n,n,le But having attained point i''
which ". can see more Clearly through the iog' WINCH
obscures the horizon, VIC should correct tue ivy ''
,b ,vape and summon the their best excrlohs 10
attain the triumph OF success.
,o norton Of the public deb, has been increased IN
expendures to construct river Improvements, aeaua"c
and turnpike roads bridges mud tunpkes &C., local IN
their character und bearing but nevertheless, OF great 'ae
70 the sections OF country where situated And, atnouea
MANY of them pay no dividends into the Treasury, hcy
have increased wealth. and population OF the Stae ali"
indirectly contributed largely 10 the sources OF TAXATION
There are funds invested in such improvements, entirely nn-
productive Except indirectly sated TO The amount I"
S72l902 Our fellow citizens OF western Virginia nave &C.
rived peculiar advantages from these improvements ana
them high degree may be attributed the rapid increase
Of wealth and population beyond the mountains |, is pro-
bbe that assembly now in force authorizing SUD
scrptons ike companies not YET organizcc VIII cover a
least 81 900 more which will be mainly unproductre
being near six millions of dollars vi unioducuve STOCKS
In this posture affairs il becomes the State 10 exert he
energies upon the great works which, apparent from tue
experience of the aye in which We live Will produce rev.
enue And would be ibeal and UNJUST in those sections
which have already derived benefits directly and ncide
tally from the expenditure Of five millions OF dollars
which must ultimately be lla!ae at the common charge,
now to refuse he assistance in carrying into completion
the only measures py which Treasury be relieved
from this portion OF The public debt. We cannot for mo-
nent entertain the idea that such spirit could exist any
where in Virginia The stands still policy will not work we'll
The whole amount unproductive funds vested in I'M
,>',ed and unfinished works, amount TO SSlUoV- pof
lion OF these funds may become productive.
The resources of the State consist of productive uns
amounting 81 4l6 The dividends and interest on The
productive funds with The bonus Bank capital the Second
Auditor estimates $40 1885, which is equivalent to six
per cent. capital OF nine millions of dollars Among
the uu6nishr improvements in which the State Is interest
ed arc $50 miles OF rail reads.
If the ex ple States be worthy OF consdeIa
on we nigl; refer with confidence Maryand and par
cuay 10 the energy of Baltimore, carrying forward her
great rail roa The report Of the last fiscal year on is
work of highly interesting character The gross receipts
On The main stem amounted 222 49, the expenses
10 $685. 90 net S65330 So. Dividend, seven
per cent.
The report OF the Directors of the ~ York and Erie rail
road of Path December just published is full OF insiruc.
ton. This road Piermont the Hudson, =
miles from the city New York and through The
Southern part Stale Dunkrk Lake Erie, dis
of 465 miles, with less than 90 miles OF double track.
las proposed build abou, 100 miles of double trsck
Which can be done at ten thousand dollars per mile, and
which demanded BY The business On the I'D oil Aril
last the first passed from Permon 10 Dunkk The en-
tire OF the year S27769l9 So Expenses Tor
asme mo 81 1917 CO. Nett 81 1913 9i2 So Capital
stock issued S. 900 600 Bonded debt 100000 Proposed
increase of debt lay down double track &c, s35OOO0O
making the debt SIS 900 Quu m whole S24 900 GOO.
After paying seven per interest the debt o:
$l4 500 000 they divided four per cent The capital STOCK,
of the earnings Of the last six monh The actual nett
earnings for the last SIX months at the OF tea per
cent on the whole Of construction. The Board say
that n estimating the receipts: Of the road in the report OF
last year. the earnings 1852 put down at is
The results past months justly the Directors in
raising the estimate 81 000. Deduct the running
pensss IS per cent 81 1872 Coo and leaves s20S00o0. 10
pay interest on SIS 900 600 bonds PEI cent,
81 $50 000 and baatcc 1929 Goo for dividend stock
equal to l5s per cent
Thus il will be Ina; this road mainly, with SIN
gle track Ct miles long parallel the greatest canal in
America in the last six months earned nj the rate Of ter pei
cent, and thai il will be able the year seven
per cent. on It's heavy debt, and thirteen on its stock
Iii stated in the report tina. SHE total cost OF the Ehe
Rail Road including sixty miles of double track sdngs ard
turn OUTS wha.ve locomotives stations, and property
of every description excepting s250000 Buffalo and State
line stock) S5072 per mile exclusive OF engines cars
steamers, Stations, &c, $40. 233 per mile
We could hope for results like these in short tire
from the completion OF any line Of improvement across Viz
GINA but other hand road OF equal length here
would much less and the charges could be made higher
without compliant Less 1mpeon and less business for
time would justify this
The results ofthe Massachusetts rail road swhn the
1885, should satisfactory and inspire every Virgnian with
the proper Split. The whoc amoune! 70 ISL S13s 95
the gross income .n roads 81, i66 S72 the expcn
S. 945-eavnga nett revenue pf 1854 SUI; be!ns
100 per cent thu whole cost. Many of these
just finished. and had paid DIVIDENDS. That whole
comweah is plated vita railroads in such nanne
as unite every interest State In the sys
and also, in such manner, 10 tap the surrounding
States and draw their substance Massachusetts There
&c rail roads making aggregate oi OoS miles; branch
es l04, and double track 3Io miles
Ii is from that State may look Tor The fatal tlo~', il
ever struck (Which pray Heaven aver) against he
rights and institutions OF The South and the stability "f the
Union. Apart from analcis! those northern hordcs at
butte the inactivity and oil enterprise in the Southern
States 10 peculiar Institutions They have impressed
some OF our people viii. this falacy. But in Georgia
where the the State have always been
homogeneous in Virginia, with all the difficulties Of
the Indian rbcs unt recently the population has increased
for rapidly than in massachusetts and that noble State
will soon make herself independent OF New En- yiand By
cutting all her great improvements. and fostering her
commerce and manufactures. Why then, SHOULD Old Viz.
gina only the mother, bat the grandmother OF States
longer remain in condition OF commercial vassaage
the abolition powers OF New England, when few years
OF active enterprise will release herr
---<>os-
Five days afer The c.cpn the editor OF the Parkesburg
Gazette (Whig) thus dcourses about the so
Governor and the anticipated result OF the ccrti
THE RACE-lsutte amusing s il. to witness the rari-
effects produced by .hcy in from differ
ent quarters First tdings that Summers
ming ahead OF the ctaoas-Whig stock
up Loco looks down. Being wholly indifferent,
ouself veicst sympahies awakened by the Kama
whe thunder and about 10 cXCiam To Col john
son. the classic and language of the unknown
friend: go H. Bo5tul, he's gainia you! Later adri-
ces however demonstrate that the Old boss needed such
friendly advice he's gun' il with vengeance
Fact H. the Joscy Johnson light draush stern wheel
low water craft just suited navigate small streams ard
shallow waters such abound in this state. The Great
Western the other hand OF your high pressure,
dow Bile engine and staunch steamers we'll adapted for the
deep but untitled the shoals and rppIes the
sayers hici 30 abound in Of Shenan-
oah and Rocl nsham Besides she had entered