History of Detroit; 1780 to 1850, Financial and Commercial

History of Detroit; 1780 to 1850, Financial and Commercial

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ...and again in 1834. The financial statement from 1825 to 1834 showed that the city had received, principally from the sale of lots in the military reserve, in the ten years, $57,620.66. It had expended during the same period, $56,483.02. And had on hand, $1,137.64. It had, however, issued warrants and had corporation, bills in circulation and a debt due to the Farmers' Insurance Company aggregating $4,390.66, so that it had a considerable debt for so small a place. A municipal ownership enthusiast in the Courier of November 13, 1833, thus demonstrated, to his satisfaction, the advisability of public ownership of the Central Railroad. "A correspondent from Marshall advocates the building of a railroad from Detroit to the mouth of the St. Joseph River, through Wayne, Washtenaw, Jacksen, Calhoun, Kalamazoo, Van Buren and Berrien counties, 175 miles. There would be 10,000 farmers reached by such a road who would contribute each 500 bushels of wheat, ten barrels of pork, making 5,000,000 bushels of wheat and 100,000 barrels of pork, besides 100,000 barrels of other goods and grains each year. The whole equal to 1,200,000 barrels in bulk of the value of $5,000,000. To transport this from Detroit would employ between 300 and 400 vessels. Let the government set apart the unsold lands for five miles on each side of the proposed road and sell the lands to pay for making the road as it progresses. This would make 1,120,000 acres, but some lands are already sold, so that, say 746,676 acres still remain undisposed of. These lands will increase in value to say $5 per acre, or $3,733,335 Deduct cost of land at $1.25 per acre 933,331 Increase of land by reason of the railroad.. 2,800,004 175 miles of railroad will cost at $10,000 per mile 1,750,000...
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Product details

  • Paperback
  • 189 x 246 x 3mm | 109g
  • Miami Fl, United States
  • English
  • Illustrations, black and white
  • 1236571436
  • 9781236571434