The Evansville daily journal., 1859-03-25
FRIDAY MORNING. MARCH 2

FRIDAY MORNING.. .........MARCH 25
DS5 The measures adopted by the Canal
Convention held here on the 23d inst, ap-
pear to be approved by the public There
is no doubt that the sum Of money proposed
can be raised without difficulty; and if a
satisfactory arrangement can be made with
the Trustees, a larger sum viii be contribu-
ted ifitb should De required. Mr.. Richard
Raleigh, the State Trustees was present. and
assured the members that the Trustees would
sanction any measures-within their power
to approve-which might be proposed to
sustain the canal in navigablei condition.
They were ready to resign the active man
agement of the canal, to an association or
corporation for two or four years, and the
resumption of itby the Trustees, whenever
it took place, should be upon the condition
that all expenditures on the canal, over and
above the revenues, while in the hands of
its temporary managers, should be refund
ed by the bond holders This assurance
leaves little room to doubt but a satisfactory
arrangement can be made with the Trustees
for private company to take charge of the
line, between here and Newberry, for the
next four years. .la1rxAm n qIkH
If this be accomplished, there viii be no
cause to regret the events that have COM
pelled1the Trustees to relinquish it. The
communities interested in its navigation had
better raise ten time the amount needed TO
put the canal in repair, rather than it should
remain five years longer under the neglect
and inefficient administration that has con-
trolled it since it was built. 7. 55 ~ -
1t was admitted byie,all the members
of the convention, that the ruin of the Ca
nal would depreciate the prospects along its
line, 80 per cent. at least. 1.-THE Canal--in
delapidated condition, and with the uncer-
tainty that has attended its useAit has bene-
fitted the property of the country through
which it passes, to an amount equivalent to
80 per cent its present value it will--if
it can be made perfectly reliable--stilI add
more than 80 per cent to the value which
~ &
the property has already attained. We have
never felt but small share of the benefit
which the canal would have conferred, had
its navigations been always reliable.
Under the control of private enterprise,
and the watchful guardianship of personal
interests, the Canal will be worth more than
twice what,it ever has been to thepeople on
its banks. SO it is far better for the people
to raise the money and repair it than to
have it maintained in the same condition it
has been for the last three years, during
which the Trustees have had ample mean
to keep it in order. Judging of the future,
by the past administration, it would be well
for the citizens to pay for the repairs and
take charge of the Canal, even if the Trus-
tees had the means to manage il, and there
was no apprehension of its being closed for
navigation. Any event that changes the
administration Of it, therefore, is gain to
the people of this district, though it should
cost 100000 to get possession of it. By
improving the canal, at a comparatively
small charge, they will increase the value
of their property to the amount of millions