The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1855-05-02
BONDS or The VIRGINIA AND TENNESSEE
RAILROAD COMPANY.

Our readers have observed tho advertise
ment for proposals for ~ 900. 900 OF the Bonds
of the Virginia and Tennessee Railroad Com
many. The means ofthis company, its pros.
meets, and the actual results upon the part OF
the line that has been completed, afford the
most satisfactory guarantee for the prompt
redemption of these bonds. We deem it un-
necessary to enter into any minute details on
the subject, and refer the reader to the sdver.
1t will be seen that the road il
finished about 135 miles, and that the remain
der Of the distance to the Tennessee line
where it will unite with the East Tennessee and
Va. Road, and thus be put in connection with
the entire gulf and Mississippi systems of
roads, has been graded and only wants the
superstructure to complete it. To procure
the iron for this purpose and thoroughly equip
the road, the million of Bonds is now issued.
The capital of the company, $4,000, 900, has
been, within fraction, all paid in. 1t will
cost, $500, 900 when finished. The $4,000
600 of property and all the tolls and EARNINGS
of the line are pledged for the ultimate re-
demption of the s2,5oo,ooo of bonds-sl ,ooo,-
900 of the LIST mortgage is held by the State,
the remainder s50o,ooO was disposed of by
the company at par; an addition al million Is
now to be disposed of under the I'd mortgage.
The capitalists purchasing these bonds, will
have for their security: LIST. The guarantee OF
the State as joint stakeholder. I'd. A fin
ished road to the extent of 135 miles. 3D..
SO 900 of bona fide capital paid In. 4lh.
thu establishment by the company OF sink-
ing fund of per cent, that will, IN thirty
years, liquid date the whole debt.
The operations of the road thus far IN It's
progressing and unfinished state,subservinga
merely local commerce, exceed the most san
guine expectations of its friends. Indeed
the actual results thus. exhibited, prove that
this local commerce alone will ultimately at
ford an ample revenue for the road. VINO can
set limit to its prosperity when 1t shall nave
been connected with the immense railroad
systems of the South and South West7 When
it shall have risen from the condition OF To-
cal state medium of trade, to its true dignity
of great national artery of commerce and
travel? Passing as it does through region
of country in Virginia, Astounding IN both
agricultural and mineral wealth, in copper,
iron, SALT lead and gypsum, and uniting with
the roads of Tennessee, Mississippi, Alabama
and Georgia, this great road has future OF
prosperity and value, that will give it the cha
racter of one of the most important as well
as fourishing railroads in the United States
Few roads can compare with the Virginia
and Tennessee in the ability and prudence
with which it is managed. Its President,
JoHNR. Mcdaniel, Esq, is one of the most
practical and sagacious men IN the State,
and he has for his CO. operation Board Of
Directors distinguished for their intelligence
and good sense, and for their Jealous devn-
ton to the interests of the Company. No
road is better differed; and the Chief Engi-
neer, Col. GARRETT, has..proved his profess
sional skill in the noble work which has been
constructed under his superintendent. Be-
are secured beyond any peradventure, we
most heartily recommend them to capitalists
We trust that there may be liberal bids from
Virginia. We should be proud to see the
whole of the Bonds, as well as the stock in
the road, owned in Virginia and we should
be glad to see some movement among Vir-
ginia capitalists to take at least large por-
ton of them.
ACQUISITION OF CUBA IN REFERENCE TO
THE BALANCE OF POWER" BETWEEN
sLAVEHOLDING AND NON.sLAvEHOLD.
ING STATES.
We are totally unable to see how any
Northern man, except an abolitionist, can OBJ
ject to the acquisition of Cuba, on the ground
that it is slave State. Were Cuba annexed
to the Union, it would not transfer the major
ity in the national councils to the South. 1t
would scarcely diminish perceptibly, the
heavy Northern majority in the House of
Representatives, whilst, if it put us ON an
equality in the Senate, that equality would
not enable the South, even if she had the in
clination, to commit aggressions upon the
North. Moreover, the large addition of
soil States from Oregon, Minnesota, New
Mexico, Nebraska, &C., would soon change
the equilibrium to heavy free State prepon-
deranee, even leaving out of the count seve.
raj so-called slave States, which are every
day preparing to pass to the opposite scale.
Of the territory now held in common, forty
free States WILL in process of time be made
and yet free sellers set themselves resolutely
against the acquisition of Cuba as a slave
State, on the absurd pretence that it will give
the South too much influence in the councils
of the country.
In the experience of the past, the acouisi.
ton of slave States has not increased their
comparative number and weight in the
Union. As to Cuba, it is computed that the
emigration from Europe to the United States
in single year, amounts to as much a. tba
whole total of her slave inhabitants. Hence
there is no ground for alarm, even with North
ern sectional men, whilst those who ara rea,.
ly humane among their protested philantbto.
pists, ought to desire the acquisition of Cuba
because it will put an end to the horrors of
the slave trade.
A CHANCE FOR A SPECULATION.