The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-08-16

the Western part it, derive comparatively little adyan
tages from the trade.
be denied that the wealth and nrosneritv
the State is derived from its active industrious and
gec population and the interest well the
oil the state by all legitimate to foster every i'm
provement which tends to increase the number of its in
dustrious and law abiding citizens In this respec then
the State has much larger interest in caring
canal than the railroad 1t ought be remembered
hat TINS expenditure of money goes directly labor
ing and agricultural portion population and not
stockjobbers and speculators
The Railroad Company, Also discriminates against the
canal and against other roads in Maryland for the pur
pose OF forcing the coal trade Piedmont in Virginia
and upon its road by refusing carry coal for
OF the largest companies unless they would send their
coal by the longest route through VIRGINIA rather
by the shortest route in Maryland And by charging
thlrtyhye cents from Piedmont Cumberland on
coal to go by canal than on the same coal to 90 bv
road to Baltimore But the main question is, will the
increase OF the toll increase the revenue the canal?
TINS question: we reply Cumberland coal has to compete
wiz WIN Broad "a Top COAL in Philadelphia, and New York
ana with Plctou and Sidney coal in Boston, Broad TOP
sells in Philadelphia at $3.50, and New York 81 per
ton.
Under the present rates of transportation by the
and canal the trade from Broad Top increased fy per
cent in 1852 sending 1924 900 TONS and increasing al
the rate of fifty per 1860 while the increa the
Cumberland coal trade in 1859 1858 about eleven
per cent and the most sangune do expect as large
an an increase this year Showing conclusively that
Broad Top has great advantages over Cumberland
notwithstanding the difference in quality in favor OF the
latter which enabling it to work way to market
ana take the place of Cumberland coal.
The anthracite trade also increased nearly 500 600 tons
IN 1893 and is estimated at increase of 900 900 OF
:
laborng under disadvantages which oupht IN he rn
moved rather than place others in its way and we most
respectfully ask whether reduction might not be mad,
OF the reghts on the railroad which would turn greatly
to the advantage of the State Railroad Company and
especially to the city of Baltimore. Such reduction
woud send to that city portion of the trade which sb
ought 10 nave and which she never have by an in
crease of tolls on the canal - ~ "
me railroad now ca ries coal supply its own con
sumption, the city of Baltimore points along the road
anu manufacturing and other establishments in thu
OF Baltimore besides the Cunard steamer
anu other parties who prefer Cumberland coal to Broa(
dQat higher prices while the trade by canal supplies
quality is not of much and who would
pS a m over the present prices, unless there
should be corresponding increase in the price of Rroaf
bty ~ 10 Ho Pfoo"
The increase Of the anthracite trade over onrs b;,
has already been noticed is owing to the fact that
large portion Of coal goes furnish the EuropeaI
steamers, running from New York. whose boilers ar
pullt and adapted to its while all the steamers built
or owned in New York. consider anthracite coal the NOR
economical fuel and prefer it to Cumberland at the pres
ent prices II this cause continues operate the con
sumption of Cumberland coal must decrease and the con
sumption of anthracite increase proportion as the
ocean trade from foreign vessels
IL has been contended that the present rates of toll
Will not produce revenue enough to keep the canal il
repair but we most respectfully dissent from that con
cuson There are now $50 boats the canal with an
average capacity of 12 TONS and allowing nine monh
Oh EaVlgaon per annum they carry 500 900 to- Of
coai 10 alexandria At 46 cents per ton, this would
yield $50 O0O to which add seven cents per ton for boat
900. ~ Vi 9-o''
The Companys estimate of annual expenses does moi
Exceed SlZOOOO If we add to this for breaks etc. $50
ooo gives us Sl7OOOO and leaves surplus of s95 600
ana IN corroboraon Of this may here observe that
in the spring of 1857, when ice reshet DESTROYED
dams and D. 1.-THE cause of all subsequent troubles that
the Company had at the same rate of tolls and much
less tonnage of COAL actually accumulated large snm
money in their treasury '"- VI
From all these considerations we are led to the nevi
taoe conclusion that an additional export duty of @
per ton imposed on coal carried on the canal would d
mnsh the trade by that the full extent of the
and tbaro
mad Tor mat fuel in the Northern cities without any
corresponding advantage to the railroad the cty of Ba
more, or the State of Maryland But on the other hand
IL would drive the capitalists who are interested in tn,
coal heds of Aegany, to find new outlet for thei
trade, by connecting themselves with the railroads n
IenhsylVanla, by means of railroad from Cumberland
W beuIoru winch VIII require the construction of abou
% miles of road over easy route and when adonted
VIII enable them to deliver their in Philadephia and
Northern Goals w ~ e
The difference in the cost of transhpments handling
commissions and the condition of the coal on its arrival
the market would more than pay for transporting from
cumberland to Broad Top. And it is matter for youl
serious consideration, whether you will drive the trade
from the public works of Maryland and depriye her c
zens of the benefits Of the large sums of money that arr
annually expended within her limits to CRAFTY the rail
ROAD company in its ambition to make large profits or to
enable the stockholders to obtain better prices at the
Board without permanent real advantage to any
OF the great interests of the State
we respectfully hope that such mott We could goverr
you IN your action and appeal you because we have
an aDdlng confidence in your disposition perform YOU
duty independently of all such considerations and viii
view TO the great interest committed your charge
the State IL is also of importance to the coal trade tina
the policy of the Canal Company should settled ant
not held In state of uncertainty the agitation of h
question of change in the tolls has aIre adv operate
against the trade and the number of boats now on tn
canal has decreased from 337 last year. $50 the
Very respectfully, &c
:, c. NJ. THRUsToN, President
JoHN HUMBIRD, Vice Presidents
c. SLACK,