The republic. [volume] (Washington [D.C.]) 1849-1853, 1852-12-30

Making .he entire lien upon the property, its
roads built and to be built, depots and depot
grounds, income and tolis, million. of dollars,
5 200 000.) 1t will be perceived that the whole
amount Of this lien or Indebtedness ia less than the
cost Of the railroads built by the company and Of
this investment no one acquainted with it's locality
can entertain moments doubt that it will pay at
least tccius per cent upon ito coat. The coal roads
o! Schuyikiil county, and which strictly local
roads, and dependent upon the coal trade lone,
average more than twelve per cent net dvdend d.
The charters OF these roads require them, when
the dividend fund exceeds fifteen per cent, to re-
duce the tolls IA to realize only that per cent
upon the capital expended. The Mine Hill and
Schuylkill Haven road commenced with tolls at 4
cents per ton per mile, but now under this
provision, charging only one and half cents per
ton per mile, and stil dividing Is per cent. net
dividend.
Our charter has no restrictive clauses as regar ds
the divdends, and authorizes 10 charge tolls at
a rate 80 high that good policy would not exact
them. IL is obviously our policy to promote, by a
liberal course OF charge and low tolls, the utmost
possible amount Of business upon our road and
attract towards it all the trade Of the lateral roads
interaecting connecting with it. This road will
pace through Fishing Creek Gap, and the thriving
town Of Pine Grove and its rich valley, and that
Of Bear Creek, where it connects with the Union
canal the Union Canal railroad and through il
with the Mine Hill and Schuylki Valley, Lorbury
and Swatara railroads. Thcsc roads penetrate the
| coal fields to a large extent, by the different
branches OF the Swatara river, the Lorbury creek
| and Good Spring creek, accommodating numerous
coillerles at fremont, Dona ldson, &c, and f.
nshipg the facilities for cheap transport to barge
portion of the productive part Of the Sch yIkiIl
| county coal field. These roads will be i'm liant
feeders to our work, furnish them tie nearest
communication to market, and the most JIUOrGbit
| grades; the maximum grade being 80 fee to the
mile, dcscendngi in The direction ofthe trade and Il
| per cent. of a straight line. When this road ID
completed, the company will then enjoy and own
fifty seren miles Of railroad, (twenty SIX miles OF
| which are built upon the conpany's estate,) and
533 miles of which in q direct line extending
| from the Philadelphia and Reading Railroad, al
| Auburn, TO the Pennsylvania Railroad, at the
Susquehanna, and forming n trunk line of two oil
the most magnificent and costly works In the
United States, and upon the line of trade and
travel to Pittsburgh, and eventually TO Erie. II is
a road in our opinion, that will command as
much trade and travel and traffic, and be highly
remunerative, as any road in the United States;
bccause it runs parallel with the coal field for
than thirty mules, and renders tributary to il
more lateral roads than any railroad in Schuylkil
county, and opens up to the coal fields at Potts
vile, Schuylkill Haven, fremont, Tsmaqua and
Mauch Chunk. the richest and most fertile agri
cultural and timber country in Pcnnsy lvania
and in the highest condition Of improvement,
viz: the Cumberland and the Susquehenna VAL
leys. Thus enjoying not only the immense
local trade and travel Of the rich and populous
towns that surround 1t on every quarter, but also
the through trade and travel OF the great West
and the lakes. The produce of these rich valleys
instead Of having to seek tide water rkct, wis
find, by means OF this road, a consumer at home
The saving Of transportation alone to the farmer
and Consumer will be immense, and the coal re.
gions greatly benefited, not only by the reduction
OF price. but ALEC the abundance and variety of the
agricultural products and lumber which must
pour into them, and the vastness Of which re.
sources cannot be estimhted
An extension Of this road to Allentown only
thirty milrs, will long give a continuous rail
way, by the Ne,o Jersey Central Railroad, TO New
York and Pittsburgh, shorter than any road in cx.
istencc, and enable us, at n distance of only l5i
miles, to reach the New York market during iht
close # navigation; and by this route passengers
| to and from the West to New York and Philadel-
phia will travel hours in advance of the present
routes.
| The great feature Of importance to US, however
at this time, ia to obtain, through this extension
the two eastern outlets for COAL in the Reading
railroad and Schuylkil canni Both of these
companies supply the cars for all the coal brought
| upon their respective works, without any charge.
This saves heavy outlay and item Of Transports
| ton. by them we aiso secure the Philadelphia
and New York markets. On the completion oil
this road, we shall have an aggregate as fol-
! lows, viz: