The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-25

3oth instant st IL o'clock The interest these bonds
payable semi annually 1t the ofce Of the Ohio Life
and Trust COMPANY and the principal 10 reimburssbe
In ten years This company chartered BY the Ohio
L<gisstura in February, lsl7, with capital Of one
and half millions Of doliars with privilege Of In.
crease to two and half millions. The company has
also authority to issue bends to IN amount NOT ex-
Feeding the capital stock This read when completed
viii extend from Columbus to wheeling, distance OF
a3ah miles The first, western division, extending
from Columbus to gsnssville distance Of 5Sh miles
% all under contract Twenty five miles will BE- ready
for the rail- In May next and the balance, S3h miles
by August or September. 1t Is estimated that this
division of the road will eort 1857 co., the whole Of
which is covered with the mortgage executed for
S450Cco, and deposited in the hands Of Geo. q. Coe,
Fro cashcr Of the Ohio Life and Trust Company. The
two kuxsred thousand dollars Of bon DIS to be SOLD
the Goth instant, are issued under that mortgage.
To give good idea Of the favorable location Of this
rcsd it il only necessary to state that at Columbus
the Central road will connect at the depot with
the Col umbus and Xenis, and the Cincinnati and
Cleyelan roads-the Columbus and Xenia with the
Little Miami roada distance Of ll9 miles, connecting
with Cincinnati by the Little Miami road to Spring
field, connecting with the Mad River and Lake Erie
read. Then the Columbis and Xenia road Is to bs
ended to Dsyton-s and connect there with the West
eIn roads, the Terre Hauts and Richmond rosd
pacing through Indianapolis, and at Terrs Hauts
Meeting with the Atlantic and Mississippi road to st.
Louis. The Central road will also connect with the
Jacksonville road ct the west boundary Of ohio-s
road designed to attract the trade and travel from the
Ohio river ut Louisville and from the Nashville and
Louisville road. Again the Central road will
nsct with the Columbus and Piqua aud Indiana road
which the Mad river road at Urbsna and falls
upon the Indianapolis and Bellefontaine road at Win
chester where road will branch to Peru and Chicago
and to st. Louis by indianapolis.
The Central road also oonnectiwth another rosd at
Newark leading to Sandusky City, and to CsS;land;
and very important feeder to the Central ro&s Ne
furnished 1t is said, by the Cincinnati, Wilmx.oS
and GAINESVILLE read. The Central road will also
meet at the the eastern terminus with the Baltimore
and Ohio road and also with the extension of the
Hsmp6eld road, connecting with the Pennsylvania
Central road furnishing the shortest route between
either Philadelphia or New York, and Central 0hie
Cincinnati an d st. Louis.
That the road will be completed within the estimated
cost shown by the favorable natuie of the country
through which the road passes Between GAINESVILLE
and Newark, twenty. Eve miles, the maximum grade
Occurring only two three short section is 20
feet to the mile. There is short curve Of 900 feet
radius an two Of goo feet TIE remainder Of the
line il either straight Of very easy curvature The
lire from Newark to Columbus, thirty three miles and
half is but three fourths OF mile longer than the
sir lne ba. only about and half miles OF curved
HE; and the remainder straight, Of from three to
thirteen miles stretch; maximum grade AZ feet to the
mile. Gravel for the road bed is very plenty along
nearly the whole line. The bridges are to be Hoves
patent all the materials used and the work done to
he Of the best description In every particular 90 far
ne durability concerned the directors are resolved
&c have frat elsssIoad.
BY the State Auditors report for ls49 the aggregate
amount Of taxable property In the five counties
through which thisroad directly passes is
Just ope.tepth Of the whole taxable property Of the
State The population of these counties Is about two
hundred thousand The aggregate OF taxable property
in the twenty counties there being eighty i've
in the stste penetrated by this road or by tributary
lines to make the shortest and best connec-
,,on with the seaboard SAT- 1921 This Is more
than half Of the whole taxable property Of the State
The population Of the district is probably about
halt of what State contains at this time That the
traHc OF these counties with the Atlantic cities win
prefer the Central Ohio road anifest not only from
the greater drectness of this line, but also from its
greater exem ption from than roads nearer the
lske--tLe winter season, where railway facilities can
be obtained being the time for the greatest activity in
produce operations.