, 1860-04-26


As au Offset to these expcnses,We hare to con-
slider the PROBABLE revenue Of the cana, and the
Immediate results, rhic!l will reduce This outiey
considerably. Among the 1atter,,we should
place the drainage Of about 100000 acres Of
swamp land, @flich would hure to be secured to
the new Canal company in some manner. We
estimate the acre Of this reclaimed lood at Sl0,
81 ,01a, 900; subveftion in land by the Stale Of
illinois, 81 ,oru.Go0; Total $eooo,t0o Dy tits
tue c.p,tai oi the eatire enterprise would be &C.
duccd TO s, ,e10, 900.
The zross revenue Of the present canaa aver
ages about i2o1, 600 annually. As the lumber
tradc aud u,uzb;e tradc. tic hey trade, the in-
creased business IN produce generally, tho I'M
port of cotton aud other INV material for indus
trial purposea, would swell the amount Of ship.
ming on the new Canal to enormous dimensions,
ne may safely es.imate its average annual rev.
enues ut Ss0o,oao for the next ten years
500, 600 deducted annually for administration
ant! repairs, net revenue Of <G0l, ,1.J per rcar
would be LETT, o. ten PEI cent on tee whole cap
jta1 inycstcd. The vatue Of the enormous ater
power at IocEpor< and Joliet il therein left Who'll
II out ot account Either the State Of Illinois OF
ti.ccompany or whoever mi2htundertske tue ex-
ecuti,n Of The ship canal proposed, might earn
ENORMOUS sums OF money, br either sellin. or
renting the ayai!ahle water power, and might
thereby render the management Ut this new
water cousEe the most profitable On this conu.
neat.
Many perhaps mar ask. why water power
could not be ta=de available in tue immediate
nelghhortood OF Chicago. There exists no
dcnot that such might be done. The first lock
at Lccsport, for instance. Of Is feet fall, might
be suspeuded, and tnat waterfall brought into
the nc.hbozhood Of Chicago, BY cutting deeper
into the rock and the other groufd referred to.
Wc&hereby should have water power Of 9, 600
horse power ncar Chicago. But deeper cut
Of thirteen feet on width Of $50 feet, u hch
; there would be necessary, would lncrease The
/ coat Of 1he canal By nbout three millions Of
F! dollars, aud thereby render The wa'cr power TO
! be required, more costly than the same amount
! Of STEM power. a,GN horse power, represent
) ed by steam, costs about &lQo, 900 5ear, while
! the interest uf the capital, necessary 10 bring
! the sane water power into the Immediate vlcia-
/ ity Of Chicago, would amopnt 10 the double
, oi it.
| At the close Of my communication might ad-
/ rert briefly to one thing Of particular import
nnco to Chicago, namely, that tue "atcf Me
! drink will b kept always pure in consequence
! Of tie discharge Of such large amount ot "atee
from Lake Michigan. times Of 1lolent east "laus
aloCe excepted.
I harc done with my subject, and uurol!ea 2
liked to dwell loog ago. All1 desire is that the
prominent n1cu at Chicago should SHARE my
opinion, demonstrated 50 strongly by the 1acts
OF tile two Last years. that it is unTisc to search
| for riches in lots aud land kpecnlatlona, Tbele
prospects are dim and dlstant, but 10 apply
their united energies to deve op tue resources
Of the country. and thereby giro new and last.
ing tnpuisc.to all branehrs Of commerce and
trnde. J. G1NrEIE,
Lite sn2t Of fthe Illinois Stone Dressing CO.
CAieloo, April Esd, 1861.