Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1853-06-08
$ll57,7S720
$j74,3 20

Balance at disposal OF Stockhol-
dcrs for Dividend or other
wise $l73.S93 60
This sum is Is 79.l00 per cent, on a CAPT
tai Of three millions Of dollars. Ii will be re-
collected,in investigating the above statement,
thai do not claim any tonnage or truvcl
sou Invest OF Knoxville | purposely exclu.
ded the vast amount of trade and travel thai
must come over the Va. & Tenn Road from all
the country between Knoxville and Western
Georgia, and all along the line of the Charles.
ton and Memphis road from Chattanooga to
the Mississippi river. Neither have clpimed
that anything will be added To the business Of
this road by the branch from Christiansburg To
the mouth OF the Greenbriar, where it will
connect with The Covington and Ohio road
now In progress Of construction by the State.
| have also disregarded that most important
feeder, for which we obtained charter and
State subscription last winter, the Cumberland
GAP Road This road extends from our line
100 miles in Virginia and connects US with the
system Of railroads now projected, and in prog
ress to some extent, connecting Louisville with
Norfolk | have not, say above, made any
calculation of future benefits to be derived from
these great arms to our main line. | have o
mitted to do so because | believe no man can
accuracy, the business which will he done Oh
the Na.& Tenn Road when il shalbe, as it will
be, within the period of eightto ten years (in a
shorter Time hope) the great throughlare for
all the region of country lying along the line
of the Charleston and Memphis Railroad, and
North and North West Of that line from Mem
phls, entirely around to the mouth Of the great
Kama wha. Take your map and cast your eye
over this immense region and from the summit
, OF the Allegheny Mountains look for highway
to the markets of the world for the millions oil
people who are to inhabit this region, and
point out one that is SO short or so good, and
consequently cheap. that offered by the
system Of railroads South Of James River rest
ing upon Norfolk, as their Atlantic terminus
, Take either Memphis, Louisville, Cincinnati or
, IGuyandote, as your point of di, ergence from
the great Western Valley Of the Union, and
, we have, beyond questionable best route 10 the
Atlantic, considered either with reference to
distance grades curves, or point Of embarka.
, ton. from our own commercial emporium. to
those OF Europe. These facts are sufficient tc
establish this conviction in every mans mind
, that we will in very few years have asmuch
: trade and travel as can possibly be accommo-
dated on railway.
When you carefully consider these things,
= think you will agree with me, that had no
, need to consider any thing but the local trade
and travel, 10 prove that an Investment in the
, bonds of the Va. & Tenn. Railroad Company
would he safe, when secured by the first and
j., only mortgage given by that Corporation, ant
: when the amount Of loan proposed by the
3 Company is but one million five hundred thou
: sand dollars, of which loan the State has taker
one million, and consequently only half a mil
t lion will ever be on the market. The State
Twill of course hold her bonds for redemption