Cooper's Clarksburg register. [volume] (Clarksburg, Va. [W. Va.]) 1851-1861, 1855-05-09
The N. W. Va. Railroad.

A0 ~ W. a. NoAAIOau'
We are pleased 10 learn that several of
the citizens of this county have taken
stock in the N. w. Va. Railroad CompA-
ny. One gentleman in the vicinity of
Lumberport. has, within few days, sub
scribed $500. Gan example worthy to be
followed.) We hope that our citizens.
generally, will take this matter in hand
the stock will doubtless prove profitable
investment. Add to this the great impor-
lance to US, Of having voice in the Coun-
Gil of the Company. none. who are able,
should hesitate to subscribe. There are
but few farmers who are not ample able
to subscribe for a single share, ($5O)
while vast number could we'll take
larger amount.
We ought, also. to remember that it is
a Virginia Company, chartered by our
own State and subject to its laws, and
why should it not be controlled by Virgil
mans, in its counsels and management ?
No valid reason can be assigned. About
500. 1000 more, probably less) subscrb
ed in this portion Of the State, would. we
understand, give us a majority Of the stock.
At present the Company is greatly en-
barrassed for want Of means in the rapid
progress Of its work. Our citizens have
SO far made large profits by furnishing
supplies to the contractors and hands on
the road, and as the graduation Of the road
be soon Withdrawn from us. We will,
therefore, during the present season, have
to look to a foreign market for the sales
of our surplus products. BY aiding this
Company in finishing its work, we can Sc
cure a cheap and ready means OF sending
our products to the Eastern markets-bv
Withholding our aid, we may postpone the
benefits. of the road, probably, for years.
The Company is struggling to complete
its work, under embarrassments hard to
surmount. We have it in our power to
relieve it to great extent, without injury
to, but by bene6tting ourselves. Shall
we stand back, or shall we pursue that
course which much tend to advance our
immediate and ultimate interest?
We understand that the Company have
agreed that if the county Of Harrison. in
its corporate capacity, will subscribe $780,
900 of the stock of the road, that the Com
pany will secure the bonds Of the county
in payment for the same as follows. to wit:
an amount equal to tho interest on that
sum payable from the revenue of the
county for the year 1856, and the residue
of principal and interest in 10 annual in.
stalments from that year.
By this arrangement the county, with a
very small annual outlay. (which proba-
bly, may be more than returned to them
each year by the advantages and profits
Of the road have an opportunity to be-
come the owners of $50. 900 of the stock
Of this road. Thus securing to the coun-
ty ne small influence in the management
of the road, as we'll as eventually securing
an annual income probably nearly equal
to the land tax of the county. Will our
citizens refuse this favorable opportunity
to make this investment? We hope not.
Its lasting advantages could not we'll. be
computed by dollars and cents. Indeed,
from the Chief Engineers report, in which
great confidence may be placed. the divi-
dendS Of, the road would, probably, very
nearly pay. after the first year, the
amounts that the county would be re
quired to pay. ---.-
Itmay not be out of place to remark,
that the law under which county can
make a subscription to a work of internal
Improvement. provides that the amount
necessary to be annually paid is raised
from levy on the land, and that the div
idends arising from the stock held by the
county are exclusively applicable to the
diminution of the levy on land in such
county. So that if the county makes the
referred to, it must. of ne
cessity add greatly to the value of the Real
Estate of the county. And by the same
law the county. in all the meetings of the
stockholders. is represented by its proxy,
or agent. Thus, as before indicated, Sc
curing TO the county full and fair repre-
sentation in the election ofthe Company 5
officers, and the management of che road