The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1854-02-16
From the Cincinnati Commercial.
CONTRACT OF THE MARIETTA AND
qA HILLSBORO, RAILROAD.

DelOW We ptcSellt iHo CpiltlhCt vi uilloli
entered into between the directors of two
railroads. The act Of union was not only
demanded by the people Of this city, but
by great body Of the stockholders along
the lines Of both roads, and by capitalists
on the seaboard, whose aid may yet be
required in the completion or in the
equipment of the roads. Ii will be OBJ
served that The terms OF the contract,
while they secure all the benefits Of union,
leave the friends of each line, beyond a
certain point, to construct their road as
they are able. The Marietta Company
subscribes two hudred and fifty thousand
dollars to aid in the builling Of road
from IIilsborough eastward through Jack.
son. &c.
That the contract will be ratified by the
stockholders, on the 9th of March. there
is little reason 10 doubt. Out OF lwenly.
one thousand shares of stock in the Hills,
borough road, the holders of sixteen thou.
sand one hundred and eight shares have
already subscribed to the act Of union.
1t is to be hoped that every stockholder
in the Hilsborough road. including the
subscribers 10 the $3.50 900 OF stock OBJ.
tanned since the 1st of December, icon.
ditioned for the building Of an indepen.
dent line eastward from Hlllsborough. J
will promptly pay up every dollar thus
taken, that the united roads may be com.
pleted within the next Is months. The
enhanced price of every loot Of real es.
tate along the line, will return to the sub.
scribers fourlold all they contribute 10 the
railroad.
Push on the work.
THE CONTRACT OF UNION.
WHEREAS, The Directors, as well as
the majority OF the Stockholders, in the
EIilsborough and Cincinnati and Mari,
eta and Cincinnati Railroad Companies
become convinced that the construction
of rival lines OF railroad through the
southern part Of Ohio, connecting the
cities OF Cincinnati with the cities of Bal.
timore and Philadelphia, will materially
impede the construction OF either line Of
road, be Of no adequate benefit 10 the
public, and ruinous TO the interests Of the
stockholders: Now, therefore, for the pur.
pose of permanently uniting the lines Of
road, OF the said two companies, prose.
cutting the construction thereof 10 final
completion at an early day. and in an
economical manner, and placing Inc con.
troll of the same in an energetic and
efficient management, this agreement Wit.
nesseth:-
That it is hereby agreed by and be.
tween the said "lIillsboro' and Cincin.
natl" and "Marieita and Cincinnati"
Railroad Companies, parties hereto that
the said two lines Of road shall be united
uponlhe West at or near The town Of BIan.
chester, in the county OF Clinton; and on
the east by branch, at such point west
of the town, OF Athens in Athens county,
and east of the town of Jackson in Jack.
son county, as shall be hereafter agreed
upon by the Board of Directors of the
said two companies having in view their
mutual interests: And it is further un,
derstood and agreed by The parties hereto,
that the two lines of railroad shall be con.
structed so that there shall be two first
class railways between Manchester in
Clinton county and the said point of juno.
ton east of Jackson in Jackson county;
the Northern line, or that of the Marietta
and Cincinnati Railroad Company, pas.
sing through the city Of ChIIicothe, and
the Southern line. or that of the Hllsboro'
and Cincinnati railroad company going
through lIillsboro', Piketon and Jackson,
thus completing and maintaining the en-
tire line of road Of the HIlsborough and
Cincinnati railroad company from Love.
land in Clermont county. to the said point
of connection with the line Of the Mari
eta and Cincinnati railroad company,
eastwardly from said town of Jackson.
1t is further agreed that the said Mari
eta and Cincinnati railroad company.
shall make the best practicable connec.
lion with the north western Virginia raj
road company, by such route as shall be
agreed upon by both boards of directors;
No discrimination either as 10 rates OF
fare or freight, depot facilities, or manner
of working either Of the said roads, or
their branches. shall ever be made for or
against Baltimore, Philadelphia or Gin.
cinnat business, or that Of any way points:
All are TO be treated alike as common Gus
TONERS, when using said roads for like
but The principle Of gradu,
aling tariff, or Of charging less rates per
mile Tor long traffic than Tor short traffic,
IS fully recognized: Provided, that Bahi
more shall not pay.a higher rate per mile
for freight and passengers than PhiIadel
phia: And provided, also, that The policy
If Bollimors lines towards the parties
,crcto shall be one OF perfect reciprocity.
It is further agreed between the said
parties, that consolidation Of said two
ailroad companies, parties hereto, shall
,e effected as soon as the same can be
accomplished, with the convenience OF
he Stockholders and without loss or in
ury to the consolidated company.
And the said two parties do hereby !.
gree with each other TO permanently !
mite their respective roads in their bust.
less management and use, as one road, I
md do hereby agree TO the following ar.
iclcs in addition to the ioregoi g, w: d
ARTICLE 1si. The two roads shall be n
worked aud managed together. under the n
are and direction Of one superintendent, b
o be appointed by the concurrent action c
4 the two Boards OF Directors Of said S
and to be subject to such rules d