True American. [volume] (Steubenville [Ohio]) 1855-1861, 1855-07-11
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The steubenvillo Il Indiana Railroad

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The Steubenville X Indiana Railroad.
MIR, EDlToN In 1913, alter series
Of persevering citrts, ell the part of few
Individuals, who we're cct'iGcrsl visionary
by large msjolity Of their fellow citizens,
the project .! Kailrusd from Sicubenvillc
across the Siale lf Ohip ,y the Indiana
State linc, began to sssums u tangible form
Many who had locked coldly, if not hostile
ly, on the undertaking, reconsidcrcd their
opinions, and became convinced that to
maintain the relative position Of tho dis
trict Of country to be affected by such a
work, by the facilities heretofore in use,
was impossible. Our situation, surround
ed as VIC should be by sections of country,
enjoying the benefits of such roads, would
be like district restricted to blazcd roads
through the forest, aud packsaddles, brought
into competition with a district having
equal natural advantages with the facilities
of graded roads, turnpikes, wagons and
pleasure carriages, A Railroad must be
constructed, or VIC must bc centent to fall
entirely behind i'll the race of improvement
individually and collectively. This was
not to be thought Of, and it was resolved
to have Railroad. rt'2t 1iN-5'
At tic salno time it was deemed polite
to so far dcviatc from tho original design
as to iiyort the road to Newark and Colunl
bus, instead of Mt. Vernon, Kenton, and
tho Indiana State line. The original de-
sign, however, is not abandoned, and only
waits favorable circumstances to bc carried
into effect. 1t is also to be extended East
to Pittsburgh, and this part Of the under
taking is in good state Of forwardpess,
and now being prosecuted with spirit,
BY the most strenuous and perScvering
efforts, under peculiarly adverse ,circun-
stances, the road has been completed and
put in use from StcubcnviIlc to Newark, a
distance Of one hundred aud sixteen uilcs,
and,a side branch Of oight miles to Cadiz
built, making total ofGonc hundred and
twenty -four milcs of Railroad now in use,
This involved the ueccssityof borrowing
considerable sums Of money, on which in
tcrest is to be paid every six months
Tho interest is payable on the LIST Of Janu,
ary and the lst Of July. When tho road
WAS yet unfinished, and no cartnin reli.ble
fund was provided to meet the Interest, re-
sort was made to temporary loans for that
purpose, r..-'. ..,...,.- IL. ,o '..nr.,&.
1he road has now been in use long Gu
ough to indicate its benefits to tho country
through which it passes, and us the time for
providing for the July. interest and. some
other necessary expenditures had como, the
directors very properly determined .to, call
q meeting Of the Stockholders, On the 2Oth
inst, for tho purpose ofluying before them
n full statement of tho condition of their
affairs, and submitting to them the su bjcct
Of future operations. Tho meeting took
place and was largely attended. The Off
GERS Of the Company laid 4 full and frank
exposure of its affairs befrc them, and, as
was to be expected from spirited men who
had embarked in such an undertaking, they
at once resolved that there should be- no
fsltering or hcsitncy-44that no more mon
,ey should beDborroBed; ;--that money could
and should bo raised by new stock within
che country; to derive benefits FROM the
road TO free the road from all embarasS-
monts, and meet all present and future
demands. In short they determined that
those whose permanent prosperity required
rhc road, would takcbelp out Of their el-
bows, and no longer call upon some distant