Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1850-01-28
Y dEssEa HAxRls g. PATTERSON:

MEssES hkkRIs & PATTERSON:
Gsntlemen: A Friend has kindly fur.
nished me with report Of the Little Miami
Bail Road for the year lS4s. ] propose,
with your permission, TO notice few items
tn at it embraces. It will be remembered
that late in the faR Of '4S they completed
a CO injection with the Mad River Rail Road
which furnished continuous road from
Cincinnati to Sandusky, distance Of 23O
miles. The past season was extremsly un-
favorable for fair test Of the business oE
the Road, in consequence o: both Cincinnati
and Sandusky expeiiencing SO destructive
visitation Of that terrible scourgs. the
cholera, which paralized nearly all BUSH
ness for one-!ourth Of the year, and matsri.t :
ally affecting the commercial transactions
Of the State for much larger portionof the
year. 60
The revenues were materially affected !.
from another source, viz: the failure Of the
wheat crop, which constitutes large por-:s
ton Of the business Of the Roads. Yet, un-
der all these embarrassments, the Directors,
have declared a dividend of ten per cent.
apa have large surplus on hand (w hieh,
added to the amount paid for damage -aSus
by the unusual food of June last, which
may not occur for the next ten years and
does not properly belong to running ex-
penses,) the earnings Of the road. would be-
over fourteen per cent. These results are
important to US as we are now eed iu
constructing similar work to connsct rbe
River and the Lake.
1t may be said that the tray 81 between
those points will be much larger than it will
be between the River and the L axe .t tLs
terminii Of our Road. 1t is tiue tIat. 4
large current Of travel will center alta roint
like Cincinnati yet our position will give us
travel they cannot command-fh immense
travel from the Lake country to Baltimore.
Washington and Philadelphia, and, we
might add, to New York, as the route OF
; our road would be shorter by some sixty
miles than by the Lake or Lake roads
when built. We have other advantages
over the route referred TO, and not tie Il ST
is that we have but SO miles Of Rail Road.
and the further adyan' age Of inexhaustable
beds Of Coal, Iron ore, and Salt w, have
always considered our coal traffic OF the ut-
most importance TO our road. We have
little doubt but what the revsLue f. ON coal
alone, will pay dividend of six per cent.
r upon the cost Of the road within two Years
after its completion. And the further fact
that the line Of our road asses through sey- ss.
eral If the best agricultural counties Of. the
State, induces entire confdeLce in it.f lends
that the net revenue will insu,e a dividend
Of fifteen per cent. Many will think We
J, are too sanguine, but We think we have the
= best data that We can have, that We shall
fully realize these results, Al d that is, tb,
L no Western road has been compile, cd b. ,
what has paid dividehds as large, a..d ssys-
d raj have paid la ger, than those claimed a.
il bo"e. ,,s:.q. 1.
n There is good reason why Western read.
pay better than Eastern roads the, cu.t
. generally but about one thi, d as much, and
y pass through rich agricultural county
l. furnishing heavy amount OF transit Turtle
!, roads.
We might extend this communicat tios
much farther, but " i'll let this suffice Tor the
present, but may, with your pc. mission, re-
Ter to this subject again
A NORTHERN BUCKEYE. !