Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1853-06-21

Extracts from the second Annual
ReprOt of the President and Direc-
tors TO the Stockholders of the
Northwestern Virginia Railroad
Company.
We have, belore US, the second annual
Report ofthe President and Directors of the
North Western Virginia Railroad Company
TO the Stockholders. We have read the Re.
port with much interest, and do not doubt
our readers viii thank us for the copious
extracts which welmako from it for their
benefit. They We aware Of the identity Of
the interests Of he Hillsborough Company
and the North Western Virginia Company (;
the object Of thelwo being, in fact, to extend
the Baltimore and Ohio Road on the most
direct and most favorable route, 10 Cincin.
Nautilus connecting the East and the Wes,
by short sousheInroute. They will there.
fore be gra,ified o. the assurances the report
contains. Thasthis great enterprise is going
forward with yigor which renders its early
| COtnplellOn Sufot1oIOl U lluUer OI uouUI. we
are glad 10 perceive, from the reports, that the
Virginia Company rely upon The HilIsboro'
Company meeting Them, in due time, a, the
point of crossingthe Ohio below Parkers.
burg. For ourselves, we feel quite secure
upon this point, though some Of our neigh.
bors seem disposed 10 reuson the people Of
Southern Ohio into contrary belief.
Since the opening Of the Baltimore Road
to Wheeling, in January last, the quantity
of freight which has passed up the river by
steamers, seeking The eastern markets, has
been immensely Increased, The quantity
going west, too, has, been without precedent
by the same channeL. Ii is understood tha!
the Pittsburgh boals have done more bus-
ness, both in freighi and passengers, than al
any former perod--while the boats of the
"Union Line" starting daily from Louisville
and Wheeling have run heavily laden
The opening Of the North Western Road
will shorten the distance from Louisville and
Cincinnati to Baltimore, some seventy or
eighty miles, and lhus have tendency
largely 10 increase the freight upon this
great channel Of cemmunication between
the East and lhefWest. The completion of
the Hlllsborougn Road from Parkersburg 10
Cincinnati will place the. southern route in
the same relation to the trDde of the great
Ohio Valley, as the road from Buffalo TO
Albany bears 10 the trade and travel Of the
Lake region, except that the Baltimore Road
will have no canal to compete with The heavy
freights.
The National ln,elligencer Of late date
mentions a very significant fac:-A line
Of vessels intended solely for carrying Coal
from Baltimore 10 New York has, since the
opening Of the Road 10 Wheeling, found
freights from Baltimore 10 New York in
such demand, that tho line had been fully
employed in the business, and had not car
ried bushel Of coal. The freight consisted
oil western produce, which had passed up the
Ohio Riyer TO Wheeling, and thence by
the roiIrod 10 Baltimore. There seems net
question that even for heavy (reights from
the borders Of the Ohio desliued for New
York, even, this southern route will be the
most eligible.
We would also call the attention Of our
readers TO the extracts we make from the
report Of Mr.. LATRoBE, Chief Engiueer, to
the Directors OF the North Western Virginia
Road: ......
"The Board are happy TO announce that
the continuation of their line from Parkers-
burg to Cincinnati, is now expected TO be ac.
compllshed, under tho direction of most
able and energetic Board, whO have already
as they are informed, secured the means of
vigorously prosecuting their work, The de.
termination Of the Cincinnati and IIillsboro
Company 10 press forward at all hazards,
holds out an additional Stimulus to the
Northwestern Virginia Railroad Company
and gives increased assurance Of The conf.
dence felt in this great line oil road by the
counties through which it passes, and more
especially, the City Of Cincinnati, whose
fostering aid it has received Indeed, it is
noW conceded, that the Cincinnati and Hills.
boro', unGl the Northwestern Virginia Rail.
roads, must form part Of the great trunk
line from St. Louis to the Aa!!llanlic sea-board,
the shortest practicable line, by which these
grand divisions Of our Union can be brought
into communication with each other.
Some time in November last, an 6groe-
ment was entered into by the Board OF Di-
rcctors of this Company, with the Cincinnati
and Hillsboro' Company, 10 establish
through arrangements, and 10 unite the two
roads by suitable crossing. at some prac-
tco5o point ut or near Parkersburg The
tliIIsboro' Company wero required TO s'ipu-
late, as part of this arrangement, that the
point Of rendezvous of both roads should be
in Parkersburg, and TINT no inducemenl
should be held ou, to induce diversion Of
trade to any other point, whether at the
crossing or elsewhere, within distance
likely 10 interfere with the interests of that
town. 1t is confidently believed by this
Board, that no better plan could have been
devised lo build up Parkersburg, and protect
her agoins, rivalries, which must be newt.
able, ,citloM the facilities which bridge
would be likely TO afford.
III, n...l ..,u.a. L.. l.l-...s.