Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1854-09-29
ANNUAL REPORT
OF THE
Central Ohio Railroad.
Noptenlbof, 1854.


be Immediately Effected aud, by thus filling The
remaining gap between that NATIONAL avenue and
the Whole system Of Western Railways, would al
once give our road The position aud revenues Of
great through route.
Ills matter Of pride with the Directory, aud II
should be n matter Of generalization with the
stockholders that gotw Outstanding the excessive
aud 70 railroad, corpOrallopsT-lhs unprecedented
slIingenoy Of The money lipTket, for lie whole Of
The past year The full opening OF the Genital Ohio
Railroad from Columbus 10 The Ohio river, is on
the eve Of accomplishment, lPithin thirty days,
we iEusl That trains will be runIn systematic con
necliOn with tile lines eOsl aud west.
Alter oil our iThls and dltloulllys--afler all the
labor Of mind and body, necessarily attendant up
on the eitoTliO manage so large aud wide spread
an interest cOnscientiously and iaithluly--when,
too, we have seen iallug otOund us various enter
pIiGes Of similar Character, upon which as fair a
fortune, in the first instance, seemed 10 rest, and
when It is understood thai toe interesting event TO
which we lUiml will occur without single failure
" protest Of the Companys obligations, and with
out sacrifices OF eNaclOns upon tue stockholders.
Wefeel that no judgmenlln relquon to our la
boFs, made un from an impeIl, OF knowledge The
facts should be permitted 10 disturb our own salts
faction, OF prevent the lendeEOf congtaIulOtlOnst to
our stockholders. se.H .,-.Ht ...H
II is due, in this connection, to say that our eX
emnIiOn from the mslOTiuues which during tie
past yeaE have caused a suspension Of work upon
20 mSny unfinished roads, and which in some cases
have so thoroughly pToslEaled them as 10 prevent
their recovery Tor yeaGs, II ever, Is mainly atlEbu
table to the energetic efforts on our behalf Of our
financial agents at Baltimore, Messfs. r. Garrett &
Sons, who zeslously backed Their efforts with their
own resources, when necessary mud - The CUiSls.
tentand warm support, IN money aud lr,Hndly acts
Ui tile houses Of Atwood, Dnnlrvy " Co., New
York, and OF Josiah Lee & Co.,, aud ohuuncy
Brooks, Esq, Of Baltimore,
The statement Uf The Auditor accompanying
this Report, gives tbs financial condition Of The
vompony. II will be seen 10y reference loit, that
up " The Isl OF Tile present month, The whole eX-
penhiiuies for construction account have been
sS, 800, 234 6S; lOt mocnneTy, S2a9, 1881 and
ot rrnl estate pctouii, $40 03b.2lj making un ag.
gtegale OF 1920 1915, 10 this, making up lie
gross expenditures, may De added, OH furniture,
materials IN workshops, and fuel, el6,I420l,
sthe work OF the graduation Of Tue road 10 the
Tiverls now reduced tn some 10 OF sections, and
as all but two VI those will be complete by tile
18th Of next month, 0ny important addition 10 the
construction account, within the coming year.
will not be required. The amount, as will doubt.
less he Observed, has already gone much beyond
the original eslimates but when it's understood
that fUs.SirihS Oi The work Of preparation for the
SteoMd track between gainesville and The OhioHy.
eF is already dOne--ihat since The estimates were
IhoHzed, aud that ihe cost Of labor and materials
has advanced about 80 per cent? and when vspe.
cially is considered tie lmpossibItY eYenapnTOG.
inalely, of determining how much ROCK instead OF
earth, undeTes the suClace IN the lHnge Of our
work, II furnishes much satisfaction 10 Know that
tie cost per mile, even wllh'whatis done TOT dOu.
BILE tFatk will be but little more than that ofOtheT
single track roads in eastern Ohio, aud will be
much below The ave age cost Of roads Of similar
class, in the eastern aud middle Slaies,
That the road when complete, will realize all
The advantages 10 the country iEnYeBed by ii, and
all the profits 10 the Stockholders which has BET II
heretofore assumed, we have daily evidence iu
new and unexpected business relations, gladunlly
preparing themselves foI association with the
workings of 1uT enterprise. Tue report Of the
superintendent accompanying this, gives we think,
noder0ie view Of the prospective traffic Of the
TOAD on The completion Of lIS connections.
CONTACTS wIrII OTHER ROADS.
AS yon ore doubtless awore, the Columbus, ri.
qua aud Indiana R6lllOad was being built with y
siage of4 feet 50 inches This guage being IA
inches narrower than The obituary OHIO guOge,
which is 4 feet l0inCheS, was correspondent With
the guagt Of PennsylYaniu, Indiana and Illinois,
and its adoption by The Columbus, Piqua and In
diana Company, jointly with the Steubenville
and Indinnin road was made at the suggestion,
and under the influence Of Philadelphia; and up.
on the extension Of tile SteubenYille aud Indiana
t0sd from NewnIkt to Columbus, was designed 10
furnish an nnbrOken width Of snuge from hila
delnba 10 indianapolis, and ullimalelylo 81. Lou.
| is; thus admitting Of tile transmission Of traffic
without change OF cars. Whilstwe believe that
| the hope OF any important advantage ftom this
policy 10 tile several roads co operating in il, as
ralIacy, The irrespective value OF tile Columbus,
| Piqua and Indiana load, as great live stock ov-
enue aud os an outlet for our Coal-bolh oIwhich
classes Of traffic would he seriou " inieffered
with by a break Of gunge--c us TO regret the
! adoption Of narrower guage by that company.
Becoming finally convinced that their partial $50
atlOn from local inieTchaDges, ow ng 10 this fact
noTs than counteTbalanced oil The theoretical ad.
vantoges OF continuity OF gusge for The control oil
! through lT0de, lie Directors ofihat comp nYpTOpo.
sed the adoption ofthe Ohio guage, and contract
loETunning arrangements in connection with ouI
| road, provided we would endorse $4,000 oil
their mortgage bonds. IL was stated that an en-.
dOfsenlent for q larger nmUunt WAS agIeed TO be
made, (and Inns since hen Inude) by The Clsye.
land, Columbus and Cincinnati Railroad, by the
lBelelpniuIne and lndiano, and by the lndianopo.
LIS and BsllelOntaine Companies, upon the TelaXa-
ton Of contact held with the lost named com
phny by the g. r. aud /. Company, under which
The gUHge Of The other was restricted 10 four feel
| eight andn half inches, and which also, II was
proposed TO chonge to The Ohio guase, The OBJ
jecl IN obtaining the endorsement YVES TO give al
additional market value 10 the Opnus oil the com
pany, so as TO admit oil sales during the ptesen
pressuT,, and thereby enable them 10 complete
tleiI road. As the proposition was toopen 10 us
unIeslTicte intercourse with the rich district ira
yened by the Cincinn u, Piqua and Indian;
ltoau, we could not feel justified in rejecting The
proposition, and accordingly made The desired ell
dorssment. We respectfully ask your ratification
UG the Transaction. .af...,. ....
10 facilitate the negotiation OF The Income Bonds
ag,eed by you at former meeting, 10 be issued L
the Cincinnati, Wilmington and GAINESVILLE Rail
road Company in payment for stock authorized Il
be subscribed by US, application his been made Il
hive the interest payable upon those bonds, chang
ed from six per cent. TO seven per cent, The Gin
cinnbli, Wilmington aud Znnesvile Compan,
ogTeeing TO pay The same rate Of interest upol
their stock until cars shall traverse their road iron
Zanesville to Morrow. The great value Of tina
work TO ours, is so we'll understood, that doubt
less, The mere suggestion Of a wish in the case
wheTr so little additional liability is involved, will
be sufficient u sesuTs your sanction for lie chang
desired.
The steubenville and Indiana RNiroad Compa
ny have applied for on arrangement, by which
trade and travel fol or from their road may b.
Transported over ours, between Newark aud Co
llumOus The board have authorized The tespons
Il, lame tInt ali which b Taa SOM M