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

l the acceptance of Mr.. Doollttle's propo
sails, which were accordingly adopted b.
/ resolution of the Board on the first da,
of July, and on the eleventh Articles o
Agreements were entered into, subjec
to a revision and improvement of th'
line.
After a full and complete revision O.
the line, much more favorable route
was secured, and at a considerable reduc
tion from the original estimates, with al
so an Improvement in the gradients anc
alignment, as will be seen by the accom-.
panying report of the Chief Engineer.
The original Articles of Agreement
being open for revision whenever the 10
cation should become final accordingly
on the 18th day of March last, those ar.
ticles were surrendered and the present
contract substituted, which the Board
believes will result entirely to the salts
faction of the Company, bringing the
cost of the Road per mile, much below
the average cost of similar structures
within the State, at half the present
cost of the New York s. Erie, and about
onc-thiLd that of the New York Central
Baltimore & Ohio, and Pennsylvania
Central.
The Board have the qualification of
expressing their eutire confidence in the
ability of their contractor, his high rep
utation, unbounded confidence in the en-
terprisc, and his willingness to invest
his entire estate i'll the Road, are salts
factory evidences to them of its having
been a ulicious selection.
The contract stipulates for the con-
structioH-Of the work adapted to a six
feet guage, and SO far the graduation
and masonry has been done with that
view. Many warsfriends of the enter
prise have expressed strong preference
for narrower gauge on account of its
numerous connections with Ohio Roads
| Still, the Board have not taken any ac-
tion in reference to change, neither
havey the been willing to assume any
authority to do SO without the consent of
a majority Of the stockholders. Should
it be deemed for the interest of the COM
pany to depart from the original plan
! adopt ing SIX feet guage, it would, in
their opinion, be proper under the cir
cupstanccs, to lay that question before
the owners of stock, accompanied by due
notice and the Recommendation of the
Directors.
The Board still adhere rigidly to the
policy laid down in their annual report
which was substantially to refuse to is
sue ahy-RoDds to be thrown into the
market to be sacrificed, believing it to
be tie true iutrest of the stockholders
to rely upon the domestic and contract
ors stock to carry forward the work, and
that it should not be prosecuted faster
than these means were made available,
untik, Il change OF time should present
itself If the stockholders concur in
these principles Of action, it is most con-
fdeutly believed that the Road can be
entirely graded, and a good portion of
masonry and bridging complicated with
the domestic subscriptions and contract
hpr's stSekl dH--events sufficient
amount of work done to elevate the en-
terprise to higher positi in the f.
nanciar world, and secure the sale of the
Bonds at par, a price to which they
would then be justly entitled.
The Boafd have entire confidence in
the completely. of the work il a reason
ablc1e6g;h of time, and for the purpose
of more eifcctually placing it on sub
stantial basis, recommend the stockhold-
ers to make an additional subscription,
to be made conditioned so as to pro-
tect them from any liability from pay
ments until the Iron shall have been
purchased and distributed along the
line where the subscriptions were made.
This would operate very advantageous
ly to the Company as basis of credit,
while it would work no damage to the
subsciber.
The Board regret to state that some
dissensions have arisen among stockhold-
ers, but tits believed all these troubles
have originated among disaffected and
disappointed applicants for contracts,
and in consequence of malicious reports
of rival lines, all of which will be found
to be entirely imaginary and without
the least foundation in truth. In re-
gard to the operations of the latter, it
is the best evidence that can be adducod
of the superiority and importance of this
work
The necessity and importance Of tie
qcork, description Of the Roittc, superb
or advantages oper competing lines,
connecting and tributary Roads.
The Atlantic and Great Western
Railroad, is essentially and emphatical.
ly, all that its name indicates, and the
Importance and necessity ofits constrc-
on is as great as that of any of the
leading thoroughfares of the country
In it are combined all the elements of a
GREAT THROUGH LINE, destined ere long
to connect by the shortest and most di-
rect route, the great commercial cities
of the Htlantic with those of the West
and Southwest, and at no distant day