Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1860-02-15
I05.Sj>4-

Deposited in Nah. ca. Bank 7.Gl3 -
- W Reserye Bank 5!5 * $50 SEQ 81
I15 S53. A.
The Trcasurcr's Exhibit shows de-
crease in amount received for tolls Of near
ly ten thousand dollars. The falling of
in receipts We were prepared for, on ac-
count of the failure of the wheat crop and
nearly an eIu1l ono of corn and grass along
the entire line of the canal; this with tie
diminished demand for coal III the Lake mar
kcts together with Railroad competition,
all combined to make the revenue small.
The section through which the canal runs,
escaped any unusual food, with an ajun-
dant supply of water for purposes of nav
i.ation. Not disaster occurred on the en-
tire line, caused by high and sudden flows
of water Owing mainly to that fact, our
repair account for 1859 is unpreccdenty
low. Had the repair accounts been as
llrgc as usual the receipts for the year
would not have been sufficient to have paid
it. The work has all stool through the
season. although in its so doing We were
agreeably disappointed, as We all that ex-
amiued the line year since. thought that
a large number of locks. number of cul-
vertS, and one, if not two expensive aeque-
ducts would have required rebuilding ere
this: as III is. all the extraordinary repairs
mentioned in our last report, remain to be
DONE together with the last years devel-
opments OF falling structures. incident to a
woll; as much out of repair as is our ca
nal. Perhaps the question may be asked,
why are not these repairs made? Our
reply is that We consider it economy to
sustain the old work as long as the repairs
do not come up to the interest on the cost
o. new structures.
Economy has induced us for the last two
years to dispense with the services of an
engin:er, and are on that account without
such report but from Il report made by
George Robinson, Esq, for 1857. he esti-
mated tie extraordinary repairs that were
then required at over $4,000, Since then
many structures net by him enumerated,
are much dilapidated, which will swell our
extraordinary repair requirements some 20
coo TO put it in good navigable condition.
The prospect of still diminished revenue, on
account of Railroad competition, make it
If the canal is sustained, to re- {
lin an amount sufficient to meet such re-
quirements, knowing it would be hopeless
to ask contribution from the Stockhcl- /
dcgs to repair and rebuild work that at
present promises 50 little to remuneratc.
We cherish the hope that when the C. &
NJ Railroad obtains an Eastern outlet. that
the coal carving of the MahOning Valley
will return to the canal. and a different
financial statement will follow. This We
hatter ourselves will be the case in few
years, but provision must be made for sus-
tanning the canal till that time arrives,
o.he: than by its probable earnings.
Al that are acquainted with canal dis
listers know that they frequently happen
70 parts that had before been considered
the most secure, as was the case on this
anal in 1912 At that time in one night
lamage was done to the amount of S20,-
300 to work considered the most secure on
The line Although the earnings of the
.anal are small. they compare very favora-
BY with the State canals From the re-
port of the Board of Public Works we learn
hat the revenue derived from the State Ca
lals. falls short of the expense for sus-
aiming the same over $4,000. This very
ormidable deficit is accounted for by the
'eport in short crops and Railroad com
,etition. We think they ought to add tc
he list of causes very low freight tariff
Had simil0w tolls been CHARGED on this ca
lal, a large deficit would have been our
xhi5it, in place of 4 small excess over ex-
'enses. Our policy is to make property
,ay a reasonable toll, in no instance 50 high q.
S to embarrass shipments, or to drive trade
to rival lines, but charging sufficient to
ustain the work. ifpossible, believing that
hipping interests as well as tie Stock
olders, are thereby promoted.
In view of the foregoing. the following
resolutions were passed unanimously:
WHEREAS, in view of the small amount
erivcd from the use of the canals of this
tate since the Inauguration of the several c
Of the State. and especially OF
he falling of of the revenues of this ca T
al, since the commencement of the run
ling of the Cleveland and MahOning Rail- C