Excerpt from State Canals: Prospectus of the New York Steam Cable Towing Company, 1872 An estimate Of the business now done on these canals may be made from Official reports. The register shows that there are boats, with a carrying capacity Of tons. The amount Of freight transported annually averages about 000 tons. In 1868 the total movement was tons, or tons moved one mile, at a cost Of 88-100 Of a cent per ton per mile, against a total movement, on the New York Central and the Erie Railways, of tons, or tons moved one mile, at an average cost Of 2 and 46-100 cents per ton per mile, or nearly three times the cost Of canal transportation. On the tonnage Of that year the canals received, from freight and tolls, against charged for freight on the tonnage Of said railways. For sev eral years previous to 1870 the gross revenues Of the canals have averaged 554, and the annual average cost of col lection and repairs has been about leaving a net revenue to the State Of 000. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.