Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1848-12-07
fore stated

General Remarks upon tie " orLing q The Road.
The aggregate profits of The combany TO the present
date, will appear 10 have been $3.50, lS5. OF this
ST Oo9, lbs have been paid ia dividends The stock
holders and 81 ,500,067 have been renyested in the
work, whose value has been increased fully TO tina,
amount The nominal capital Of the company, ol
$4,000 00 stands then for real capital Of at least
$g,5U0,t67. That this is truly is~demonstraled
by the TACT that The the current Expenses oil
The year just expired is within a small fraction of the
legal interest OF per cent. upon the latter amount.
Tins difference between the apparent and real capital
IN the road has been put no the work in the form OF
Iron for the road west OF Harper's Fery-new track
east of that pace-locomotives and cars-and for We
ry many permanent and valuable Improvements in
bridges, depot buildings and work shops water sta
tons, siding tracks, and other appendages the road
and, with view to the future completion Of the road
10 The ono. IN extensive surveys OF nearly the whole
country between Cumberland and that rver-leav
ing but slight expense 10 be in finally locating
'he ROAD upon The route that may be preferred.
EXTENSION OF THE ROAD.
JYesioc Cmaberlaad-Since July. Is47. there have
been three parties OF engineers constantly in the field
and the results OF their operations 10 this date is briefly
summed up as follows
The entire country between the compiled road, at
cumoeTaad and AT the mouth of pattersons creek
eight miles below. aud the Cheat river nearly so miles
westward, and embracing all the most difficult ground
III he mountain region Of The Aleghanies, has been
most carefully surveyed upon great number OF diff,
other.
The country between Wheeling and the mouth of
Piles Fork Of Buffalo creek some GO miles eastward
soi Wheeling, has also been surveyed with great M
nueness and care upon the several lines by Fish creek
ana Grave creek, which require 10 be compared he
lore the route between those ponts can be selected
under The law OF Virginia and the agreement with
Wheeling. The details OF these last surveys have
been very complex and the work. ofnecessy has been
extremely elaborate and has occupied an unusual
length OF time. The immediate transfer. 10 other
held duties, OF the parties BY whom these surveys
were made, has very much kept back the prepara-
ZION oil all the materials necessary for the report to be
mace upon this important subject
Two OF The parties above referred TO are now engao
ed ~ The country west Of Cheat river. and The third
one WIN shortly be ready TO remove thuher.
ny NE iorce OF engineers now in the field the part
OF The line, as yet only known from reconnaissance,
between Cheat riverand the mouth OF Piles Fork will
nave been nsrumentally surveyed before the close Of
the present year; to exhibit the length aud other
principal Particulars Of the entire route TO the Ohio
river, and SO as TO permit choice to be made OF the
hne Tor the whole distance. Before placing the road
under contract, of the line upon the route which
may be preferred would have 10 be renaced; which
can be done at an early period after instructions for
NAL location may be given.
Inc cornpany's agents tor the right of way have
oeen actively engaged in their duties, and have. in
general been successful in obtaining The privilege Of To-
eaung 'he road, upon reasonable Terms from the land
proprleiors.