Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1831-10-27
EoR THE Wig.


The time is approaching when the Books of the
Lynchburg and New River Rail Road to be
opened. 1t will soon BIO decided, whether the citi-
gems, the owners of property and the merchants
who ought to feel deeply Interested, will let
this occasion, the most important that ever
occur To them, of securing trade, which ii once
acquired, can never be dverted-ard which will
be OF consequences, tho importance of which,
none can estinate-or whe,hcg they will let the
golden opportunity slip, to be embrace by thciy
more ontcrPrsing Northern brethren. The pra cti-
cabiiity of rail road from Iynchbu:g to New Ri
vor has been satisfactogi.y scttled-and II. cost
which will make it as profitable stock any road
in this country of the same extent. VIII the c.i-
Zens OF Richmond be backward in proving TO tile
citizens of the West their hearty cooperation in
an enerprize that promises much fol their
tual iRterest!-l shall not believe it possible and
on the day the books to he opened, hope to
sec general movement from the head Of III street
TO Rockets, and that every who loves his
interest or his native or adopted Virginia, will be
scen rushing TO subscribe for stock according his
means. general and strong pail will effect all
thai Is wanted.-Thereis every thing to encourag e
us. In addition to the immense nfux Cf trade;
the stock itseifwiil be object Of speculation
There are as well as recollect, i'll active opc-
ration, thirty rail roads this country, and the
stock of every above par, and the dividends in
crossing. The Liverpool and Manchester rail
road cost $ll4,000 per mile, and the stock
profitable. There is doubt when this road is
completed, it will be the great tho-ougLfarc from
the West to the East. In national point of Wow,
it will he of immense consequence; it will have
tendency to bind the East and W lest together BY
ties that nothing can sever, and which nothing else
can supply.-if any further Inducements ne
cessary, / would barely mention some OF The ortiz
rail roads, and the value placed there thcir
stocks. The stock of the Mohawk and Hudson
! Bail Road Company, which u. the outset dragged
| heavily is now selling at $l63i per share, and
i -. - ,AaEni9l,od. The stock of a new rail
! road in Now Jersey, between IltieI.,,n and the
Hudson opposite the City of New York. has been
taken; and three times the amount necessary was
subscribed-and the scrip selling at s 1876 even be-
fore any definite survey has been made of the route,
estimate Ct its cost. The stock of the Catskill
and Canasshar rail road taken immediately on
opening the books, and numbers were disappointed
in not being ale 10 81 hare; the scrip sold I'M
iiieGialely for u premium. Thc Haerlem rail road
that before the time expired which the books
were to be kept open, near Is times the
! stock necessary subscribed for. At the
!, opening OF the books in Philadelphia, for Nor
risiown rail road, treble the number of shares
might have been disposed of. is II necessary to
enumerate all the rail roads! VIII cite one otilcc
| in immedicte vicinity the Manchester and Chcs-
| terfcld rail road | was informed by one OF the
| Managers few days since, it would yield the next
| year, from acomparison with the present, 50 per
| cent profit on its stock. But what is more encou-
raging than all is, that there never has been rail
| road constructed in this country, matter what
the cost, but has been profitable. If we only act
unl:cdly on this occasion confidence will be ere
atcd that will ensure success. So much has been
| sad and the minds of the citizens of Richmond and
| Iynchburg, fully impressed with the Importance
OF the subject, that when the day arrives for the
| opening of the books, my fondcst a?iicpatoIs,
| trust, will be more than realized in seeing that the
towns of Richmond and Iynchburg know how to
| appreciate their best interests. f..
|