Observations on the financial position and credit of such of the States of the North American Union as have contracted public debts, etc |
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Page 79
... tolls might amount annually to $ 150,000 , while its original projector , Mr. Gouverneur Mor- ris , a statesman whose comprehensive intellect and ardent temperament appear to have enabled him to look far beyond most of his ...
... tolls might amount annually to $ 150,000 , while its original projector , Mr. Gouverneur Mor- ris , a statesman whose comprehensive intellect and ardent temperament appear to have enabled him to look far beyond most of his ...
Page 82
... tolls on the Erie canal . canal began to exceed the cost of maintenance : until that time , and partially for some years after- wards , it was from the auxiliary funds that the in- terest on the debt was defrayed , and it has been shown ...
... tolls on the Erie canal . canal began to exceed the cost of maintenance : until that time , and partially for some years after- wards , it was from the auxiliary funds that the in- terest on the debt was defrayed , and it has been shown ...
Page 83
... tolls that should be received , for the payment of the debt , and it is from the two sources combined that the means of cancelling it have been obtained within nineteen years of its creation . This circumstance very forcibly proves how ...
... tolls that should be received , for the payment of the debt , and it is from the two sources combined that the means of cancelling it have been obtained within nineteen years of its creation . This circumstance very forcibly proves how ...
Page 84
... tolls even fail eventually to produce an income equivalent to the interest on the cost of construction and to the cost of main- tenance . However remarkable the success of the Erie and Champlain canal has been in a fiscal point of view ...
... tolls even fail eventually to produce an income equivalent to the interest on the cost of construction and to the cost of main- tenance . However remarkable the success of the Erie and Champlain canal has been in a fiscal point of view ...
Page 87
... tolls ; in other instances it is only a co- proprietor . proprietor , in which case , an additional security is afforded to the public creditor , as it is usual for the state , before affording its aid to such un- dertakings , to secure ...
... tolls ; in other instances it is only a co- proprietor . proprietor , in which case , an additional security is afforded to the public creditor , as it is usual for the state , before affording its aid to such un- dertakings , to secure ...
Common terms and phrases
1st of January afford Alabama Alleghany mountains amount auction duties authorised auxiliary funds Baltimore bank of Kentucky Bank of Louisiana bear interest bonds issued branch bank branches canal fund cent Champlain canal CHAP charter Chenango canal commenced commissioners condition considerable constitution cost cotton defray deposits discounted ditto dividends engagements Erie canal established estimated expenditure expenses exports extend Illinois important increase Indian institutions internal improvement Lake Lake Erie lands legislature liabilities loans Maryland ment Miami canal miles millions of dollars Mississippi navigation northern Ohio canal Orleans paid payable Pennsylvania Planters pledged population portion principal produce profits railroad company raised receipts received redeemable river road sinking fund South Carolina southern specie payments state's subscription suspension of specie Tennessee tion tolls town treasury Union Bank United Virginia western whole York СНАР