The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-28

Increase ...........,$Io ,l4I
This is CRAFTY ing exhibit. The canals more than
hold their in the transportation Of merchandise.
Notwithstanding the Unrestricted railroad competition.
Again. the tolls down freight from other States
hbt large Increase those Of last year and by the
decrease this year of the tolls do freight from this
State much lager the tolls the latter
class Of freight than last years figures exhibited
The Illinois State Register in article upon the late
sale of canal lands in illinois, remarks -
We learn by private advices that the aggregate amount
exceeding the expectations Of those who hold the sxtcea
hundred thousand dollar loan
The whole loan is paid of. and hereafter the
ceps from nal lands and the OF the canal will BE-
applied in of the interest of what termed the
old canal bonds" Our two mill added TO this fund
will make cousderA Die reduction of the large in
terest which has accumulated. We cannot give the
figures Without examining the stattics but i'm
OO0 When this sha have besn paid the principal of the
debt will require the application Of the canal revenue
was supposed when the railroads parallel With the
would divert business to such extent "a to not leave
tolls enough to ieep the canal in operation. We are,
hov ad ed that the tolls larger than thsy
have been, Notwithstanding the immense profits
which made by the Chicago and La Sale road running
close to the path Thirty five 1. serious
" urged objection RAILROADS. that they would les
the price Of horses and the demand for and oats
Experience shows that the railroads have the
greater the demspd for every other spec Of trans
pstaton and we shall fnd that the canal tolls will keep
The Of this H. tina. railroads make business The
canal made money when Chicago had only ten thousand
people; she nuu bers fifty Thousand, and ALLOW
the canal oDefh OF the tran taion taking
ation as basis, here is dimunidon Of proceed By
The first of January 1850 Chicago will have hundred
Thousand population. This sounds like exaggerated
estimate; but II it suited purpose at this time,
think could make it appear tina, mark is too low
AL the other towns contiguous to the canal will grow in
similar proportion. These prospects render it certain
that the Illinois and Michigan canal one Of TIE finest
works IN the world viii always have towpsth free Of
eIass and yield handsoms revenue through all time to
The Detroit Tribune of the oath inst. says:-On Sunday
last the propeller Globe arrived at this pert from the Sut
Ste Marie having board cargo Of ro hundred tons
of Dass copper; come OF the which of the
purest and richest specimens Of native copper taken
from Of the Mines weighed between three and four
tons. 1t from the Cliff and the Ainessota miaes
The cargo probably the most valuable brought
TO this city, being worth ut the market value, Of S70J
ton the round sum OF hundred and atty thoussad
dollars. About ffy tons Of 1t landed at the smet
ing works at the lover part Of the city and the balance
was shipped to Pttsburg We understand from letters
received from the copper regions that there
ready for shipment at the various mines, about Two
thousand tons, worth million four hundred thousand
d1lisrs