Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1853-01-13

The two statements Immediately preceding will
convey pretty accurate idea of the probable CS'
tent to which the construction OF RAILROADS VIII ne
eventually carried in the United States Inc state
to its area and, population is Connecticut, IhlS
Stale has no large ties and its people are either
engaged in manufacturing or agrleuitq lneIe
can be no reason S.hy.ll portions OIL thei Eastern
States possessing an equally dense population,
should not eventually have an equal number OF
miles of Railroad in proportion. sg ,sfa'E&s7
Among the Western States Ohio stands p:e-em-
inent, having one mile of Railroad to a little more
than twelve square miles of territory and to 6S8
inhabitants. Z. t ~. .-tt
There can be no doubt that The construction Of
railroads in the South and West will continue, TIL
all the States within those great divisions OF me
country are as well supplied as Ohio This would
require the construction of over $4,000 miles, estl
mating The occupied urea of the country TO be IL
DOC, OOO But in Ohio railroads have been in pro-
gress only few years, and the present onewlil add
MANY hundred miles probably to its aggregate
There can be no doubt that for many years to come
railroads will continue to be constructedln an
equally rapid ratio to that they have for few years
past. Nearly every part of the United States is
well adapted to their cheap and expedinous con
SIuction, and in country like our own, they re-
place their cost in very few years, IN the saving
effected in the cost ofltrausporhon. rt
We have in preparation statement, showing the
cost the several routes, and the aggregate costln
the aggregate; but weprefer 10 delay its pp
unLIl we IecelY6 inonI We
our companies make to their respective begSla-
lures, at the commencement of the year. Bsnma-
ting the cost of our roads in operation at SSU,UUU
per mile, which probably slightly exceeds the tact'
| the total amount expended upon SUCH would pc
abou! $500, 600 90; att the same average the ioauS
in progress will cost 1851 ,000 whole $161.-
| 100000. It is probable that the amount expend-
ed in railroads in this country within three years
from this time, will exceedthis sum-
Should our future operations be conducted Oy
the same prudence and good sense that have char
acterzed the past we have little reason to fear any
| injurious consequences from the investmentot so
vast an amount of cur available capital. SO long
as our projects are constructed only in anticipation
OF the wants of our existing business, and are maze
10 follow the natural channels and directions OF
commerce, instead of being made instruments OF
selfish or INSCRIPTIONS managers, they will prove
an ineStimable- boon to the community, as well as
yield lucrative return to their stockholders.
The large incomes ofour roads, and their success
full management the fact their franchises are uni
YeTSally exempt from taxation, as are the shares
land loans are Attracting large amountof money
from the capitalists of Europe. The amount Of
call for our securities from this quarter is fully equal
to the supply of such as adapted to the foreign
market. There can be no doubt. that lorelgn or
lders will increase, rather than diminish.
Tie past year has been sgnalized by number oil
important events in the history of roads, among
which have been the completion OF the Baltimore
and Ohio, the opening of through line through
Pennsylvania, and the union OF the roads OF The
two great divisions of the country by the compile
lion oFthe Lake Shore roads. All the most impor-
tant western cities have now railroad connection:
with the East. Our lines OF roads have been push
ed mere than 1000 miles directly into the interior
and the Mississippi liver is nearly reached at two
points. r,s... 7r5ar ,.a-.
On the whole we have good reason TO congratu
late ourselves for the extraordinary prosperity
this great interest, which is now becoming the par
amou mt che in the country.