Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1842-10-13

pleasure IN laying beiore our readers, this
morning, the very clear, able aud salts.
factory Report OF the presiden, and Direc.
tors to the Stockholders of the Baltimore
: and Ohio Rail Road Company. Since
,, the appearance Of last years Report, the
road has been completed from Iarper's
) Ferry TO Hancock; and within some three
or four weeks from the present time i,
will BIO opened 10 Cumberland. An i'm.
portant point, long looked forward 10, will
thus be reached and the work, securely
established on a firm basis, will then
stretch onward to its final termination with
every prospect of speedy and successful
lconsummaiion.
The views sci forth in the Report, show
ing the urgent necessity of prompt ex-
tension OF The road twelve miles beyond
Cumberland, so as 20 penetrate the heart
of the iron and coal region Of the A lie
\ ghany, are so convincing as 10 do away
with all hesitation concerning the proprl-
ETY. and importance OF the step. The sug-
ges,ions to the modes by which the neces-
sary means may be Immediately realized
are based upon sound considerations; and
we hope that no delay will occur TO retard
the accomplishment of an object SO impor-
tant To the interests Of the work, and TO
the city Of Baltimore especially. lfihere
is TO be any pause in the progress of the
road Westward, on account OF temporary
difficulties in rendering the Company s re-
sources available, it would be much bet
ter TO have that pause made in The iron
and coal district of Allegheny, rather
than at the town of Cumberland. This
is SO evident that words are hardly neces.
sary to urge the point. the transporia-
ton ofimmense quantities of coal aud non
direc, from the mines and manufacturing
establishments, to our market, would con-
stitute new and most important item IN
the business OF the road and add vast
aggregate 10 the trade Of our city.
In proportion, too, as the road advah-
ces towards the West, its advantages o.
yer the canal, as medium of transporta-
ton, will increase. Ii both begin at the
same point, say the town OF Cumberland,
/ the superior facilities Of the Canal in point
of cheapness would draw to it all heavy
commodities not requiring rapid convey
ance. Blu, if the road starts from a more
Western point II is hardly probable that
articles once put upon II will be tran-
shipped at Cumberland, since that would
cause not only delay, but, also, consld-
cradle expenditure in the way Of commits
sions for handling and forwarding.
1t has been demonstrated on the En-
glsh railways that coal may be convey
ed by that mode oil transportation so as 10
afford profit to the shipper aud fair
revenue to The roa0. There is nothing
improbable therefore in the estimate of
the Report that # our coal be carried to
the Allegheny mines, the demand of thus
market for coal, for home consumption
and tor transporton, will bring annually
to the city, one hundr red thousand TONS
/ The revenue which this amount of trans
portation would create for the road, some
$3.50, 600, and the vast increase which
would be thus added to the business of the
city, afford abundant Inducements TO press
on with ardour and steadiness TO the de-
sired point. The estimated expense for
constructing the road The required dis
tancc of twelve miles. including all out
lays, is put down nj $3.50, 900. Of,his
sum the amount necessary 10 procure the
iron requisite for the worn is estimated at
$40 900, and the whole will be furnished
in Allegheny county, to be paid for in
tolls. Thus the actual SUN now required
to be raised for the purpose in view is on
ly Sls0,000.
The State Bonds in the hands of the
Company, not negotiated, amounting to
more than three millions the subscrlp.
ton authorized by the State Of Virginia,
on condition fthe roads being continued
TO Wheeling, amounting to Sl,35S, 900,
and the subscription Of one million by the
city OF Wheeling, constitute the means
now in thu G ,mpany's possession for COM
petlng the road To the Ohio river aud
they are amply sufficient Tor the purpose.
But it is the part of good policy not TO at.
tempt the negotiation of any ofthese funds
in the present condition Of State Stocks.
The immediate completion, h,wever. OF
the twelve miles extending from Cumber.
land TO the mining region is OF so much
present importance as to render particular
exertions proper TO effect il. And it is
highly desirable that the object should be
accomplished without resorting TO the
bonds in the Company's hands which
could not be turned into money at present
except at ruinous sacrifices.
Having long kept their atte ntion fixed
with ANXIOUS solicitude upon the compile
lion Of the Rail Road to the Allegheny
region, the people oil Baltimore will now
with equal or increased soIicitude watch
lis onward progress towards the waters OF
the Ohio. The difficulties which have
been surmounted, the obstacles which
have been removed, the success already
attained in the midst of many cmbarrass-
ments and dscouragements, warrant the
strong assurance that the same able and
judicious management, the same steady
perseverance, which have thus far tn
umphed beyond expectation or hope, will
still be effective in carrying on this great
enterprise to full and happy consumma-
ton. With every succeeding year the
importance Of this work is more and more
appreciated. The attention OF the whole
West is now fixed upon It. AS the great