Page:The Canal System of England.djvu/52

 The average cost of horse-hauling is 0·33d. per ton per mile on an old-fashioned canal.

From this, must be deducted the small amount for the excess of deterioration of the banks due to the use of steam, and the net saving would allow for a decrease in toll, and a substantial profit.

Mr. Alderman Bayley, now Sir William Bayley, of Salford, estimated the cost of working a steamer for twenty-four hours and towing two barges fully loaded on the Leeds and Liverpool Canal; his figures are as follows:—