▁which ▁it ▁had ▁once ▁been ▁re lying ▁on . ▁The ▁canal ▁he ▁proposed ▁( the ▁first ▁sections ▁of ▁the ▁Er ie ▁Canal ▁opened ▁in ▁ 1 8 2 1 ▁creating ▁news ▁coverage ) ▁would ▁also ▁tie ▁the ▁developing ▁indust ries ▁along ▁the ▁Del aware ▁to ▁the ▁Hudson , ▁which ▁helped ▁raise ▁finan cing . ▁▁ ▁At ▁the ▁time , ▁nearly ▁all ▁the ▁eastern ▁cities ▁were ▁experien cing ▁energy ▁cost ▁increases ▁and ▁difficulty ▁in ▁getting ▁large ▁quantities ▁of ▁fuel ▁as ▁most ▁nearby ▁tim ber ▁stands ▁had ▁been ▁used ▁up ; ▁often ▁for ▁char co al ▁production ▁en abling ▁found ries ▁to ▁start ▁up , ▁which ▁now ▁needed ▁fuel ▁to ▁stay ▁in ▁business . ▁This ▁general ▁condition ▁around ▁most ▁long ▁establish ▁cities ▁and ▁towns ▁in ▁the ▁United ▁States ▁is ▁one ▁reason ▁so ▁much ▁vent ure ▁capital ▁was ▁raised ▁for ▁coal ▁and ▁coal ▁transport ation ▁projects ▁after ▁ 1 8 2 3 ▁and ▁into ▁the ▁early ▁ 1 8 4 0 s , ▁once ▁Le high ▁Co al ▁& ▁Navigation ▁Company ▁had ▁bla zed ▁a ▁way ▁forward ▁stead ily ▁increasing ▁annual ▁sh ipping ▁to ▁over ▁a ▁remarkable ▁ ▁by ▁ 1 8 2 5 . ▁ ▁The ▁Del aware ▁and ▁Hudson ▁Canal ▁Company ▁origin ates ▁from ▁the ▁ 1 8 2 3 ▁New ▁York ▁state ▁corpor ation ▁char ter ▁listing ▁the ▁unusual ▁name ▁of ▁" The ▁President , ▁Man agers ▁and ▁Company ▁of ▁the ▁Del aware ▁& ▁Hudson ▁Canal ▁Co ." ▁author izing ▁an ▁establishment ▁of ▁" water ▁communication " ▁between ▁the ▁Del aware ▁River ▁and