Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-10-30

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construction Of the work In other Words suppose show
that the road will create Of wealth Tor the
State, which the Stse I'D Hbun and raise
nue. nom forever Will not that think you, be pretty
| good divdendt
few years after the Erie canal was dnhed tho tax.
able property In the city Of New York increased up
wards Of hy millions in value This increase OF wealth
| Was ascribed to that work.
For every mile Of wagon transportation that railway
saves the farmer Ii IL estimated by railroad economists,
that 10 cens per II added tho value Of his farm
Thus iarmer has to wagon HE produce 100 miles to
market-you build railroad through his farm do away
With his 100 mites Of wagon carriage, give him railway
transportation In its stead aud thereby add t0 per
to the value Of his land told In Staunton, that the
Central road had already added SEQ per the value
Of many iarms on that side Of the Blue Ridge,
Au area embracing about 10000 square miles, In Vie
gniA, will DO tributary to this road This Is equal 70
6%oOo00 scres which, on the average are at present.
may suppose, without being very far wrong worth 81
per Thi. rosd with its Influences, will make these
lands at the end Of 10 years ater completion worth
less that $50 per acre. for will give value
the timber that is them the and the minerals that
in them and the medicinal springs and waters that
along their valleys Here, then, is hundred aud
twenty millions OF created wealth. upon which the
State may aud would levy the fair quota o, taxes
take account Of the other improvements the late
a the excursions aud the feeders which tho building
this road will call for. Not only will Kentucky and Ohio
be eager connect their roads with this work. but coun-
ties and sections Of the State itself will pushing in their
tributaries to teach Of which will its own
quota OF wealth TO be added to the taxable property
| tie State.
The Eric railroad has been completed not more than
years, yet there are already, as learn from official
thousand miles Of lateral roads within State they
will be feeders it, aud will cost is estimated not lea
than forty millions Of dollars Now before the Erie road
built there nothing in the part Of the State
versei by it, worth sending railway for. Moreover,
the Ee has been built at the Of thirty ivc millions
Of dollars and it has created value by the wAyslde
ii worth the Of the forty millions for the
advantages of getting into country which, before felt
the magic touch Of hi, Erie road worth pene.
trsting -
How much value then have these seventy five millions
OF railway investments given, not to the whole Stateior
they have benefited the who!e-but to this part ofis
For every dollar spent upon the Ohio railway. e. have
been added TO the wealth # the Sste-such is tho esti
mate According to this rule, this Erie road with its 10.
dusnces WILL when its a,esals aro completed have added
less than three hundred millions of dollars the
the taxable property Of New York.
Trade, like gravition obeys tho same laws everywhere
The influences Of thes" laws wholesome aud will
be as beneficial for virsaia, and OF results.
they are for New York and Ohio.
Nov, let US catch spirit from the Arabian Nights +"
and invoke from Fairy Land the presence Of some great
magician, Who with single touch Of his wand eau add
three hundred pIons OF dollars TO the wealth. ia tie az
gregsc OF the people Of for you must recoecl
that the xesh OF the people is the wealth of the State
We will have no take in abou, this magician. He shall
be real good magician; rot such went about
the streets CRYING. New lamps for DID," but one who
comes with the crcdcntis!s of magician and with
OF his power and who satisfy the people Of Virgins
that he can, 10y the uch OF his wand enrich State In
the proposed. rrfers them to the intern, i'm
prayements Of New York, Pennsylvania, Mary.nd, and
other States in proof of the fact
Ire people being convinced Of his power finding that
every State tina, he has touched with his wand has
grown wealthy and great, decide with him aud
when they inquire for terms, told that he sets III,
iice OF tai single touch upon the value of bid
be far otter, the terms being half cash. and III,
u her uio!ety in seventeen equal annua, nsalmeus!
an no; enough OF inaucer TO tell you what would
he considered fair oh,r by business in
but belle tina; Vrginans very glad to borro.
money ., SIX CENT and eighteen millions year a: 81,
per ccIt upon three hundred millions
NoS, this double track railway is just such wand and
at its touch Virginia will be more than three hun
drcd millions aud above shat che ia now and
touch from this wand DO had by the bid o: yer,
small fgure from the Legislature and the State would d.
well TO get it. as hope to show you before hav,
done.
These rsilways &c, are the wand with which Ne,
York and other States have been touched. They hay
enabled her merchants put feclers and to strrtcl
their mercantile tenacles away into the Mississipp
Valley, To lay hold Of and draw an amount of bushes
which. besides the wealth impaired to the ~aysde hav
greatly aided TO the and the prosperity he
seaport towns, her inland cities, and her merchan
! princes.
From Covnston TO tho Ohio. the distance is about 90
mics. | do cot know what double track road bed an
supersructure only would for that with the watern
stations Is all propose TO have done the expense
the State The depots and work shops the wood ards
&c, on the ~ayside with the rolling stock and its man
II agemen propose to leave to private enterprise and
open competition and to have the transportation done
s done upon our tunpikes, canals and rivers
It the parties that will do il the cheapest.
Col Girne the engineer OF the Virginia and Tennessee
road which also the Aegbaues has carried tina
IT work over from Lynchburg beyond the mountains AZ
average cost he Informs me- Of road bed
i heavy ails rolling stock and all included Of s25 600
II mile double track costs about third more than
single track Major Gwynn while President the Jane
RIVER aud hanawha Company, estimated the cost of
double track with machine shops depos and rolling
e from Covington to the Ohio, at $4,000 a mile Let
10 assume IL at that hout machine shops depot.
a rolling stock and the like.
a When have authority Tor my figures shall say 50
out when submit them estimates Of my own Won wi
understand that they rgdly exact for wri,ip
loosely to YOU have not the of making them So
e nor it necessary Nevertheless like queer 6gure
you draw IN recng your geometry Lessons and call then
circles and squares Though they neither perfect circle
nor exact squares like my iuates they come ne,
enough to the perfect figure to enable you 10 make YOU
LIMITATIONS, demonstrate your proposition and write
+. ID. TO your text
According this estimate the 6rs, and princip,l nav
meht Tor tho touch OF our wand would be nine million
only Tor that would be the OF 225 miles of road
q assume il at 81 100000.
The interest on $4,000, 900 ia 100000
= Wehave estimated that this road with its influence
w ID the courseo ten years. increase the value of IN
a1aoe property west Of Covingon above 1900 900 OOO
me rate oftasaon in Virginia is 81 on 500 worth a
iaIes on these three hundred millions 5000 OOO which
the interest on the ten millions that the road is to cos,
we could only be assured tina. these estimates woul
nou Tor virginia, then II would follow as dsy the
tha she could build this road without one cent of adJi
IS uonaI taxation upon the property Of her citizens
suen hsures bold good for New York. they hold good
It Tor fennsyvania, and they not beyond bounds 4,
e nar5iand,-why should they not bold good for Vrsini
also Her roads TO he shorter and cheaper md reub,
upon much lower than upon this for they are to be rec
uaed by open competition and by the edic, Of clos
nonopoIes and why, therefore, should not business
9 from me vest to her roads well a to theirs
And when gets on their improvements il 6nds i,sc
cohtehding with many disadvantages with which IN tb
virginia route will have nothing TO do The New Yo,
works are piralyzed by the frost for five months eva
year, those Of nearly as Icng and then bo
she and Maryland bave the droughts Of summer 70 with
draw from them the foil advantages Of their
WIN That chesp tbororgbfare the channel
ONO fVer Last year the largest boat, could %, mn
the terminus OF the Baltimore aud Ohio onr r.
ihrce months and that work brought over from the Ono
baltimore, only 81 900 tons Of ptoduceat leas, an .v
chipn-and the Pennsylvania improv eents brought tor
the ONO III amount only two per Of the produce h
vas shipped on the western terminus o: the Erie canal
Between the terminus Of the Maryland road on the Obi
aud that OF the Virginia there some 90 or 100 -boa
"bch render navigation up the Penney yanis and Ma
snd I'M proyements unpassabe when 10 good a. bivb
az Vuginia. rs"
But let " see what these three Staes to the porh Of
nave pad on some OF their works only TO ge, into the MI
sIssippi valley aud lake country '
Inc Baltimore a0d Ohio Rs Road has coat twenty
millions. IL had scarcely that river