Evening star. [volume] (Washington, D.C.) 1854-1972, 1855-07-07

counties of Albemarle Nelson, and Amherst,
which are among the finest in the State, all
lying at the east foot Of the Blue Ridge, or on
its slopes, and corresponding in their agricul-
tural and social character with Loudon. Fau-
quier, Culpeppcr, and Orange. 1t lies on a
diagonal line, connecting the northeast and
southwest sections of this Union, and cannot be
superseded by any other route.
Ii can be shown in a satisfactory way, from
the receipts of other roads, that the annual
revenue will not fall short of $1,000 a mile;
which, for l6S miles, will amount to -, 3i4, 600
per annum. Placing the net earnings at only
Is per cent. of the receipts, in order to be
clearly within the limits of safety, and beyond
any objection, we have annually at the dispo-
sal Of the proprietors S604, 800; equivalent to
al interest of 6 per cent. on upwards OF
SO. 000. 900.
The connecting lines of the Southwest,
which will be opened simultaneously with this
if not sooner, extend to New Orleans, Memphis,
and Mobile. To the former. for instance,
which is the most remote, the distance will be
less than 200 miles, and at Is miles an hour.
travelling time, (Which is the present rate OF
speed between Baltimore and Cincinnati, and
which we can increase whenever circumstances
call for it, person can 60 between Washing
ton and New Orleans in less than 4S hours.
Memphis, on the Mississippi, can be reached
at the same rate in n hours, and Mobile in
forty -four.
The Bonds proposed to be issued for the Ex-
tension, amount to 81 900, 900, and are secured
upon the whole line, with first lien upon the
new part of the Road.
The sum OF the two mortgages is 81 600 600,
which is at the rate of $4,000 per mile, con-
siderably less than is usually put upon SINH
lar enterprises in their early stages. without
revenue, and with several unproductive years
before them.
The receipts of the Road for the last fiscal
year, during great part OF which 1t stopt
short of Gordonsville, amounted to upwards of
Sl1l,0OO. In the present year, terminating
in September next, Notwithstanding that, In
common with other Roads, the freights have
been cuTtailed by the failure of the crops, the
revenue will probably exceed S2lO, 900.
The End Of q Disreputable Trick.-We
mentioned, some time since, that the munich
pal Councils of this city, a large majority be-
ing Know Nothings, had reduced the rate of
taxation Immediately prior to the recent cleo
ton, from 20 to 60 cents on the hundred dol
lars, and that Immediately after the election
cents thus struck off for political effect. 1t
seems to he understood, that having once fixed
the rate Of taxation for the year, their power
with reference to it ceases. SO their action
proposing to restore the struck-Off seventh of
the whole necessary for the support Of the city
government and the prosecution Of the i'm
provementS needed in Washington, (by their
own subsequent showing was practically ilie-
gal, and eur fellow-citiZens are now paying
their taxes at 90 cents on the hundred dollars.
The result is to be a heavy deficiency in the
finances of Washington during the ensuing
fiscal year only to be made good by burden
some taxation for the next succeeding fiscal
year or an almost total cessation Of the i'm
provements by the corporation in progress and
contemplated. This state Of things, II Will be
remembered, originated in purposed fraud
upon the citizens If this city. whose votes
were designed 10 be influenced by the false
impression that the Know Nothngs, if they
succeeded, designed carrying On the city gov
eminent at less cost than heretofore. They
have fallen into their own trap, and must bear
deserved odiuin FOR bringing the city heavily
into debt or putting stop to its improvement,
without there having been the Slightest ncccs-
sity for so doing, and only for the accomplish
Inent Oh fraudulent end