Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1853-11-05
SFAIE ArFiikS.

road = .fnelhurg:
HsIgNAIH& go LYAC iIBI re-.
Authority WIS given the Company, at the last
session If the Legislature, 90 extend their rnad
from solne point UPON the Virginia Central Raii
/ road f. the town Of Lynchburg, and the capital
stock increased IN the Of fifteen hundred
thousand dallars for the purpose This net was
accepted bY the Stockholders in the general
meeting, in March hast, aud Il reconnaissance md
surveys 81 suitable route Tor ihe location Of the
foad, bf them ordered. As soon thereafter
IL circumstances would permit, the bourd
proceeded 10 put Ia execution the resolu-
ton ri The Stockholders and the SURVEYS were
eoniided 10 the charge of I. e. Atkinson,
Chiel Engineer, whose valuable service was re
engaged tor the purpose. The report Of Mr..
Atkiiuon, herewith prc-cntcd, shows the nature
and progress Of the survey a- far made.
Il Is expected tint the survey snow IN progress
will he completed carly next month, whom the
requisite data will boz obtained for the location
Of the line. Two competing routes are presented
for the con -truetion Of the Road, which may be
distinguished from each other as the upper and
lower lines. The former passing either near, 81
hy the county seats Of Albcnarlr, Nelson and
Amherst couuties--and penetrating productive
region Of country. The lower line pursues moro
nearly the alley Of james River, aud skirts the
counties mentioned, upon their eastern borders
section Of less fertile extent The local sub
scriptioa far. has been embarrassed by the IN
cerluiniy Of the iinul location Of the road. II i
believed that "A much larger amount OF subscrp=
tons can be obtained upon the upper line, III IT
extends through more populous aud productive
country, and - les favored in present facilities
Ia marset,-thc lower line already possessing
the accommodation afforded by the james River
Canal. The subscription of the intermediate
country, however important, under the most ia
Yofable circumstances, will not be adequate to
the construction OF the road, The cost Of which IN
grent part must al last be contributed by the
Company, aud, the prominent object in view
~ II connection with the Virginia and Tennessee
Railroad ut lynchbmg, the final location must
depend upon the result Of the survey now in pro-
grose. tolero. paribu-, considerations of policy
iayor the location upon the upper Central
route. II gratifying ~ know that fair location,
and very direct route can hc had upon either
line, nj n cost too, in the language of the Chief
Engineer Htlte expenditure Of which would be
justified by the local business alone The i'm
poftance OF extending the road is too apparent
to permit It's construction to be delayed. 4
soon as il is perfected, it is recommended by the
Ioard tlat the location of the route be adopted
IN time, should the local subscriptions Justify the
proceeding, 10 pat some of the heavier and more
difficult sections under contract by the first OF
.lananr5 next. The first of January is indicated,
rs the local slave labor can be better engaged at
that time b} contractors. In authorizing the eN-
l'ie'h ~ - il'lllblE' NV 'ElNlhlll' iditt ~
provide for any subscription on the part of the
stnte to the capital stock created for that object
ltwns expected heretofore, with some confidence
TINT The prospective profits oi the road, when
completed, would have attracted investment Of
capital, from without the state, sufficient with
the local subscription of the counties along the
line 10 hufo built the road. The great demand
tor capital which has existed for some time past
aud the number of Railroads now under constrne-
ton throughout the United States render il i'm
probable that much assistance can be drawn from
thnt source 10 the enterprise. The Board re
commend TINT application bc authorized to be
made 10 the Legislature, at the approaching
session, for subscription Of three htths ON the
part Of The Commonwealth To the last created
capital stock IT the Company. This proportion
the state should contribute upon fair principles
OF eo-patnershp, as the owner Of three-Iifths of
the existing capital, and ms the recipients of the
benefits L. result from the extension, apart from
the obligation to dispense her iavors with am
equal hand 10 every part OF the Commonwealth.
Should this be done, there is reason to believe
that the requisite amount of private subscription
can be obtained, and the work vigorously PROSE
ented without further delay.
Thetoowing resolution was adopted by the
Stockholders:
Rcsoired, That the route from I.ynchburg by
/ af near Amherst {. H.. and the Claiborne line by
! OF near Nelson C. H., through Alhcmarle and
/ Company ut Goroonsylc, or some point between
/ it and C0lpopcr G. H., be adopted as the 10
/ eatlon al the llnchburg extension, prorided:
First, that the sum of ~:i5OOOO be subscribed to
wards the capital stock of Sl,500,000 for that
/ extension, by persons solvent and able 10 pay,
! residing IN the counties of Albpmarle Nelson
aud Amherst and the city of lynchbrg; and
/ that said subscription he made within 10 DAYS
! from th, day; and secondly, that the result of
| the surveys, now III progress, shall show said
! line 10 be practicable within limit of reasonable
cost IN the Judgment of thc President and hi
reetors. and they shall think il otherwise proper
In reference 10 the true interests of the Company.
! But this resolution is to bc regarded us pedging
the Company only TO the adoption of that route in
preference to any other which has been examin-
ed, and not as binding it to construct the road
even ON that route.
The farm of Mr.. Luther NJ. George has been
sold to Mr. Taylor, of Clark co., son. in law to
Col lhos. J. Randolph, for $40 per acre Mr..
George gave -13 per acre for it not many years
since, and Col. Randolp sold it, we believe, as
executor OF Mr.. Jefferson, for : II per acre.
The farm which is owned by Rev. James Fife.
near the University, was bought some six Years
since for little upwards of SIS per acre now
1t Is valued AT $50 per acre. Such Is the advance
IN the price OF land in this vicinity, and the rise
IN II great measure is owing to- the construction
ot the Central Railroad through or near these
lands. Cur citizens should as Il matter of inter
est take stock literally in the Alexandria and
! Lynchburg Railroad Charlottesville Je6trsoRi-
an.
HAMrpEN SIDNEY COLLEGE.-Ihe Rev. DIR.
Jesse II. Armisead has consented to act as the
/ agent for securing an additional endowment of