The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-12-31


GRAND TOTAL or EXPENDITURE FOR THE CoNsTRUc-
TioN or THE CANAL.
Works on the lake OF Nicaragua. ........ $40 900
Works on the Eastern Branch .......... 4,S20 900
Works on the Western Branch. .,...... IL 0So,000
Constructions, telegraphs and special tools
Expenses of administration for four years. 100000
Total. SIS, 900 900
Tie SIM reserved for errors in the csti-
mates, unlor eseen expenses, special pre-
mEms TO contractors, interest TO the
shai cbolders on their first instruments,
%'.i %c........ ........................ oOOoooo
To,slof capital required ....... s24 900 600
The pamphlet then goes into estimates TO show the
amoun OF tina, may be expected from the Mica
rapuan canal For the first year after Its opening NJ
Belly calculates that its receipts will be from fifty TO sixty
millions of francs and that after that they will be con
tnuay the increase from the steady addition of sixth
to the annual progress Of the navigation Of maritime
States. Besides this income, the company will possess
reserve 100 600 hectares or more than 200 600 acres
OF land, situated the banks OF the river and lake,
which he thinks will be easily reazabe, and will amply
suffice for the payment OF the interest the capital in
vested during the four years employed in the construc
ton of the canal.
We by article in the Paris paper La Prose- of
the Ith of December, that although his numersus
pations have not permitted Maud continue TO the
company formed 10y NJ Belly the advantage of his per-
sona assistance the society in full force and is pur
suing encrgecally its plans II is asserted in the same
article that not only have the governments Of Great
Britain and France shown themselves favorable to tho
execution of the canal but that that Of tie United States
has also been induced TO look upon with friendly eyes
THE NIAGARA FALLS SHIP CANAL.
By &C, of the Legislature Of this State passed July
81, 1863 the Niagara Falls Ship Canal Company in
corporated for the purpose Of connecting lakes Erie and
Ontario by ship canal, avoiding the falls of Niagara
Since then nothing tending to give practical effect to the
designs of the company has been done but the
trary swindng Of speculation the stock
Of the have to light within the last twelve
months At the last session Of Congress, however bill
introduced in the House of Representatives by the
Hon. Sas NJ Burroughs proposing to donate, in aid OF
the great work four millions of of the public lands
This bill was referred to special committee and nothing
has since been heard Of ii.
The weand Ship Canal now effects the objects
proposed to be effected BY the Niagara Ship Canal 1t
the waters Of Lakes Erie and Ontario by main
trunk twenty eight miles in length, with feeder branch
of twenty miles from the Grand river to the main
trunk.
The width at bottom 35 feet and at top seventy
feet and its depth ten feet 1t has less than twenty
seven locksihc level OF Lake Erie being $50 feet above
the level of Lake Ontario II built by the British go
vernment and was opened to navigation in 1929 The re-
derived from is very large and to this as well as
TO the fact that its whole course through British territory
is 10 be referred the project Of building the Niagara ship
canal the whole Of which would be on the Amer
can side Taking the length Of this canal from Buffalo TO
Lewstown at forty miles, and assuming its cost to be
equal that Of the Canadian canals which $780,
800 mile would cost Sc 2l2 GEO. But it will be within
the mark TO set down al ten millions The St. Mary Falls
ship canal which little more than one mile in length,
cost nearly million OF dollars II the company could get
Of public lands-it might undertake 70 build tho
work but otherwise in view OF its immense COST and Of
its already having rival in the Weand canal 1t is not
very likely that It's projectors will seriously set about car
rylng II out
LAKE ERIE AND MICHIGAN SHIP CANAL.
much more stupendous and important project is that
which has discussed for few years past Of
meeting Lake Erie aud Lake Michigan by ship canal An
examination OF the map of the United States will show the
vast commercial importance Of this work Lakes Michi
gan Huron and Erie form sort Of horse SHOE making
peninsula OF the State of Michigan. straight line
of this would connect the southern point Of
Lake Michigan Michigan City, with the southwestern
point Of Lake Eric Toledo The distance about 1870
miles. The Michigan Southern and Northern Indiana
Railroad now connects these points In navigating the
lakes vessel starting for Michigan City has TO sail the
cutire length OF the ake-330 mes-through the Macki
Straits at Lake Huron, down the entire length of
Lake Hrron-260 mles-then through the St. Clair river
and lake into Erie the whole distance from point TO point
being some 500 miles. This circnitous route would
by The opening OF the Lake Erie and Michigan
ship canal The average cost Of the Illinois canals was
s4 SAC a mile: but assuming the cost OF the Lake Erie
and Michigan ship canal 100000 mile, rs total cost
would he eighteen millions Of dollars. II would be OF
vast importance TO the commercial interests OF Buffalo
and New York. as il would be the great connecting link
with the Erie canal between the Atlantic aud the great
lakes
THE TORONTO AND GEORGIAN BAY CANAL.
Other besides those Of facilitating commerce
have recently brought the Erie and Michigan canal projec,
forciby the attention Of the people Of Michigan, Illinois
Indiana The chief Of these project that has been
set on by the Canadians 10 connect Lake Ontario at
Toronto with that portion Of lake Huron which Is desig
mated by the Of Georgian bay II the project
consummatcd-and. in view Of the great public enter
prise Of Canada literally fosered hy the British gov
ernment, IL Is by means unlikely that Il viii be-
II would ruin the towns Lake Erie and the
southern shores OF lake Michigan, by divertng the
commerce Of the Lake Superior country through
Georgian bay into Lake ontario, whence would ind an
opening the the st. lawrence and in course OF
time the route from Chicago TO Liverpool. tina, po
three years ago by the schooner Dean
Richmond would be the much heaten track OF commerce.
The proposed Toronto and Georgian Bay canal would be
eighty miles in length, extending from Sotawassa
"a on the southern point II Georgian bay through the
valley Of the Nottawassaga and Humber rivers 70 Toron
To- The gold discoveries Fraser aud the immense
importance recently given TO the valleys ~ the sasxache
wan and Ped river Of the North cannot fail n give
rroat impetus this project The cost Of the canal est;
mated nj the average of the Canadian canals would
be SD 42s 900. safely ct down 81 NJ
teen millions Whichever of those two proposed
works-the lake Erie and Michigan ship canal or the
Toronto and Georgian Bay canalwin be hrs, ccDsum
mated will command the commerce &c the i've great in.
land OF the North American cOntnentof which the
aggregate length $50 miles with breadth OF 54I
ucpand may eventually attract much Of the trade Of
the Pacific.
7 KI.r AN LAWRENCE