The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1855-08-08

pleted, or nearly SO, and wo then can
show basis of credit sufficient to en-
sure the sale Of the Company's bonds at
a satisfactory rate for the purchase of
the Iron, and the stockholders will then
realize In the investment, all that their
early anticipations predicted.
The Board recommend to the stock
holders and friends of the Road, and
others desiring an investment. to take an
additional amount of stock, say $780,
900, with such conditions as to payment
of installments as will shield them from
any liability until the Iron for the Road
shall have been distributed along the
line in each county where the subscrip-
tion is made. BY this means none need
have any fears as to the result, while
they would be adding greatly to the
basis and credit of the Company. This
sum added to the assets already presen-
ted, would be sufficient to cover the
cost of graduation, masonry, bridging,
cross ties and laying track, or nearly SO,
and would operate for double purpose,
viz to increase the confidence along
the line, aud ensure a ready sale of the
bonds of the Company; and on the most
favorable terms.
We have now four important princi-
pal thoroughfares extending westwardly
from the Atlantic seaboard, pointing
their iron arms to the Great West. As
suming the construction of these impor-
tant channels of trade necessary, we
are then led to inquire into the faci'i
ties by which these leading lines are to
be furnished with the transport of their
immense trade and travel at their west
ern tcrmini. We perceive at glance,
that the two most northerly lines, with
their double tracks, are furnished only
with a single track Railway passing
the State of Pennsylvania into
our own State, fattcning upon and mo-
the vast business of those two
leading lines, and the traffic of this and
the Western States. Although the bus
mess of the two moro southerly lines is
very much less than that Of the former,
yet about the same destitution of facili-
ties prevail at their western termini.-
The practicabllity of bridging the Ohio
River for such purposes not being fully
established. presents an insuperable
barrier to the proper transit of proper
ty and passengers.
Then again we cast our eye westward
Iy, and we find complete network of
Railways some half dozen of which,
with extended lines to the west, are al
ready in operation, while others no les s
are in course of construction;
all of which find by the peculiar location
of the Atlantic and Great Western Rail
Road, a ready outlet at the several
points of connection, to the cities of New
York and Philadelphia, by a route pos
sessing in peculiar degree, the most
favorable gradients and freedom from
curves, while it is shorter than any ex-
isting or projected line, as will be seen
by the accompanying report of the Chief
Engineer. With these impressions there
should be no hesitation in believing that
this important channel will be taxed
with business to its full capacity.
The construction of this important
work becomes necessary in order to
equalize the value of agricultural pro-
ductions of the West during the season
when water lines are closed. This line
being eminently adopted to encourage
ment of commercial operations at all
times, giving rapid transit to proper
ty, which will enable the producer to
avail himself of the advance in prices
which often occurs when the water lines
are closed. The same necessity exists,
in order to place these facilities st their
to enable them to secure
just and full compensation for their pro-
ducts without paying tribute to section
al interests, and also that they may sue
compete for the business of
the surrounding country, as well as that
adjacent thereto, which it is believed
stands unrivaled in capacity and pro-
ductiveness; besides its inhabitants
are universally celebrated for their So
cial and business qualities, being mostly
descendants of the Eastern and Middle
States, and while they possess ample
means for the enjoyment and frequent
of visits, they also sustain
an extensive business relation with the
Eastern cities; all these and various
other considerations demonstrate the
utility of this work.
The general direction of the Atlantic
s. Great Western Railroad, being famil-
liar with the people at large, it is only
necessary here to state, that it traversea
in effect the entire length of the State
in diagonal direction, passing easily
along the plain which divides the waters
flowing southwardly to the Ohio River,
and those of the north into Lake Erie,
securing on its way an immese number
of arteries from the untold riches Of the
west This belt of country is entirely
unaccommodated with Eastern and
Western Railroad facilities, yet at some