FREE BOOKS

Author's List




PREV.   NEXT  
|<   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48  
49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   >>   >|  
water to reach the harbors of Savannah and Charleston. This scheme has been clearly proved to be feasible, although the distance seems objectionable. The third (or central) water-line proposed is that so long agitated since the beginning of the present century, so often surveyed and re-surveyed by the most eminent engineers, and not long since by the United States Engineer Corps under the direction of General A. A. Humphreys, the chief engineer of the United States army. It is the shortest and most direct line, and has the advantage that it is, as we have seen, already nearly half completed, from the head of tide-water on the James River, above Lexington, to Buchanan, near the summit-level of the mountains. The engineers who have reported upon it--among whom are the late Colonel E. Lorraine, Benjamin H. Latrobe, Esq., and other eminent engineers--estimate that the largest sum required for its completion to the Kanawha River is $37,364,000, and the length of time required four years. "Of this large sum, however," they say, "it can be clearly shown that there will be no need of any other advance by government than the interest which will accumulate while the work is in progress, which, by issuing the bonds every six months, as required, will not reach the sum of _six million dollars. And this is every cent that will ever be required to be advanced_. Should the government undertake to make the work a fine one, it will of course cost the whole amount estimated, but this would be more than made up by its increased benefits to the whole country. "The work when completed, even at a low rate of tolls--not over about half the rate charged on the Erie Canal--will return the advance, pay the interest and redeem the principal in less than twenty years. [Illustration: BIRD'S-EYE VIEW OF THE TRANS-ALLEGHANY WATER-LINE.] "In considering this question we are not left to mere conjecture. The wonderful history of the Erie Canal, and a comparison of the circumstances connected with the operations of that great work with those under which this enterprise will be inaugurated and accompanied, furnish sufficient data for reliable conclusions." When we consider that the Erie Canal, though frozen up and useless for half the year, has not only long since paid for its construction out of its tolls, but makes a present of itself to the State, with _about thirty millions of dollars_ of net profit, and that it does more than five times the
PREV.   NEXT  
|<   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48  
49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   >>   >|  



Top keywords:

required

 

engineers

 

completed

 

dollars

 

interest

 

government

 

present

 

advance

 

surveyed

 

United


States
 

eminent

 

amount

 
twenty
 

return

 

principal

 

redeem

 

charged

 
Should
 

country


benefits

 

estimated

 
increased
 

undertake

 

conjecture

 
frozen
 

useless

 

sufficient

 

furnish

 

reliable


conclusions
 

construction

 
profit
 
millions
 

thirty

 

accompanied

 

inaugurated

 

ALLEGHANY

 

question

 

operations


connected
 

enterprise

 

circumstances

 

comparison

 
advanced
 

wonderful

 

history

 

Illustration

 

shortest

 
direct