Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1853-08-10
$348,254.4l
4ll,275.70
363,322.95
Total cost of road to Woodville
Equipment of engines and cars
$l,3l5,3O7.99

$l,3l5, 1907 go
The sum of T4 900, "a of nett profits is within
a very small fraction of six per cent. on the whole
capital employed. 1t must be borne in mind that
this was before the road had reached point
Meechum's River-where the immense tonnage
of this and adjacent Valley counties has been
thrown upon it, lis receipts for the current year
will exceed very considerably 5000 900; and It's
nett earnings fall little short of 100000 If then
this road earns per cent. before it reaches this
great producing region of Virgna-this Heaven
favored Valley of ours, who will undertake to
question its ability when it shall have surmounted
that great mountain barrier, the Blue Ridge, to
realize, not &, but or 10 per cent. lis cost =
The profits of the road have heretofore been en-
ployed in pressing onward its construction, and
hence dividends have not been paid to the stock
holders. But within two short years it will be
COMPLETED to its connection with that magnificent
State work, the Covington and Ohio Railroad,
and there will no longer exist necessity for thus
employing its profits. Then the stockholders will
begin to realize their long deferred hopes, and then
will the stock of the road advance to par, nay GO
beyond it, and like the stocks of the great North
ern lines. find greedy purchasers at large preml-
ums That period will have arrived in the histo-
ry of this Company long years before the bonds OF
the county fall due so that without the aid oil the
sinking fund we could sell cur stock, pay the bonds
and realize by the operation handsome sum for
the county. But by the operation of the one per
cent sinking fund proposed to be created, We shall
have the means of redemption at hand to pay the
debt when the bonds fall due, and the county will
own a nett interest in the road free from lncum-
brance, of $50 900 on account of her two subscrp-
tons, to yield ever afterwards, while the road
shall exist, large revenue to her Golfers.
Additional views on this branch OF the subject,
will form the topic of my next article. In conclu-
sion now, would remark that there seems to be
an apprehension on the minds of many persons
who have not taken the pains to investigate the
details of this measure, that the county is to be
heavily taxed it shall succeed. Permit me TO
ask all such, with entire respect, whether they
may not have ''gone off halt cooked I" hat
there may be here and there man who will OPP
pose the measure right or wrong, and without put
ting himself to much trouble to ascertain Its mer-
its. is very possible, but such men are ''ew and
far between" in this county, and but little danger
need be apprehended from their opposition 1t is
not to such, but to the great body OF the people,
the rejecting, thinking and candid men OF the com
munity. that the advocates of this measure would
address themselves, with the utmost confidence
that where an erroneous opinion has been formed
upon misrepresentation of facts 1t Will be frank
" admitted and promptly corrected. We there
fore ask every intelligent voter OF the county who
may entertain doubt as to the proprlety OF TINS
subscription, to suspend his Judgment TIL ne has
examined the subject fully in all It's aspects:
]. d. IMBODEN.