Note F — THE NATIONAL TRANS-ALLEGHANY WATER-WAY.

Last year's grain-yield in the Mississippi Valley was one billion and thirty-six millions of bushels. In many parts of the West, for want of transportation, corn is now sold for as little as eighteen and twenty cents per bushel, and the husks are worth, for fuel, nearly as much as the grain. One of the great newspapers of the West, the Chicago Inter-Ocean (January 8th) in discussing editorially "The Reason Farming does not Pay" in that country, forcibly says: "A charge of thirty cents per bushel for the carriage of corn, when the freight should be only fifteen cents, absorbs one-half the value of the crop; and this process, repeated from year to year during the whole period of a decade, exhausts what would otherwise become the surplus of the farmer, and finally impoverishes the entire agricultural community."