Richmond Enquirer

THE CANAL.

The long-labored Canal is at length rendered practicable for boats to convey loads from the Eastern Branch, to the Potomac, and vice versa, and our citizens now begin to experience the advantages of it. The Canal Company have evinced a laudable perseverance in this bold and arduous undertaking, and have made great sacrifices to accomplish it. A bridge over the Potomac, & another over the Eastern Branch, and a road to Bladensburg, had exhausted all their resources, and almost all the credit of the individuals, who were convinced of the utility of a Canal; yet they determined to borrow the amount requisite, almost on any terms, to bring commerce to the city, to drain the low-grounds, to fill up marshes, to make wharves, and to facilitate the intercourse between Georgetown and the Eastern Branch, and we rejoice that the enterprize promises to be crowned with success.

The invasion last year prevented the Canal Company from making contemplated improvements; yet, the citizens already experience much advantage from their ability to land wood, coal, stone, timber, &c. on the wharves constructed in Tiber Creek; and the work to be effected next year, will fill up the whole of the putrid marsh near the market house to change it out and cmbr to has cap

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Is so go to the Corporation: and they obtained a lottery. the profits of which do not for themselves, but, by their desire, the act of Congress ordains, the Corporation is to receive the profits in Canal Company's stock. Thus, suppose the Canal to cost 100,000 dollars, the profits of the lotteries be 40,000 dollars, the Corporation will have four-tenths of the Canal stock; and suppose the dividends should be 8 per cent. the Corporation will annually receive 3,200 dollars. and should the dividends increase, the Corporation's portion also increases.

The Corporation thus, will always have a revenue increasing with the prosperity of the City, produced by the enterprize of a few individuals, some of whom have sold their stock 5 per cent. below par, either from necessity, or from doubts of the possibility to accomplish the undertaking, or from apprehensions that the income would not give sufficient interest.

The undertakers have proceeded steadily, disregarding the ridicule of many, the forebodings of others, and surmounting many unforeseen obstacles, and they have now the satisfaction to perceive the good effects of the Canal, and to promise themselves sooner or later, a requital for their risques, expenses and services, dependant on the advancement of the city of Washington, which this is calculated, more than any other improvement, to promote.

[Nat. Intelligencer.]