The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1856-06-12

ofthe consolidated road from Crestline to
Chicago, upon which a large expenditure
will. be required for completion, will upon
the opening to Plymouth, more than pro-
vide for the interest of the debt created
by the Consolidated Company for that
purpose; and it is not expected to divert
any considerable portion of the proper
earnings of the line between Pttsburg
and Crestline for the purpose of construc
ton west of Crestline.
1t is believed that the receipts Of the
consolidated line, within twelve months
after the opening to Plymouth, will a.
mount to at least S2,0O0,00O. And as
suming the data of the two leading roads
eastward from Chicago, viz: the Michi
gan Central and the Michigan Southern
and Northern Indiana, as the basis of an
estimate of the earnings of our own line,
we may safely count upon permanent re-
ceipts of at least S. 900 per mile per year
on the whole length of the road, and up
on cost not exceeding $15, 900, O0o.-
The average receipts Of the two Michigan
Roads for 1855 were over $4,000 per
mile. We know of no good reason why
the receipts of the Pittsburg, Fort Wayne
and Chicago Road should not reach a
maximum of earnings per mile equal to
that of the most successful of the two
roads referred to, possessing as it does,
advantages equal to either of them for the
through business from Chicago to Cleve
land and Buffalo, and thence East, and
superior to either as connecting line
with Pittsburg, Philadelphia Baltimore,
&C.
1t may possibly be deemed out of place
in communication to you as stockhold-
ers, to take into view considerations in
connection with this question of consoli-
dation, which would seem to address
themselves more especially to the busi-
ness men of the cities Of Philadelphia and
Pittsburg Such considerations, howev-
er, have an important bearing on this
question. The Importance of the consol-
idated line to those two cities is one of the
elements Of its strength, and should be
rightly appreciated. 1t would be hard tc
indicate two railroad termini capable oi
developing more valuable business rela-
tions with each other than Pittsburg and
Chicago, and Philadelphia, from its posi-
ton, will be sharer in the mutual ad
vantage. -Howeverdiferent opinions may
be of the relative Importance to Philadel
phia and Pittsburg of railroad connec
tions with Cincinnati, ST.. Louis and Chi
cago, or however urgent may be the
: claims of the friends of roads yet un
made, seeking, by straight lines, to reach
: underlined or undeveloped points in the
Great West, when the statistics appear
common sense mnst yield to Chicago the
precedent of all Western cities, as the rail
way centre of the West.
Three thousand miles of railroad are
now completed entering at Chicago. the
earnings of which, for the year 1856
will not fall far short of $4,000, ,oOo-
!, Of what other American city can tht
same strong facts be stated?
n In. their zeal for roads extending to th,
! southwest, let not :he business men O
l Philadelphia or Pittsburg depreciate, bu
7 rather learn how to value the Pittsburg
Fort Wayne and Chicago Railroad, which
:. places them in position to draw to thei
: own markets their share of the business o
: that vast territory of which Chicago i
the key--a territory, the energy and in
G dustry of whose people already crow
: with business three thousand miles q
$ railroad. and make the growth of Chica
:, go the marvel of American enterprise.
: We make these remarks with no de
gree to disparage the Importance to Phil
n adelphia or Pittsburg of railway connec
+ tions with Cincinnati or st. Louis. w
I appreciate their value, and claim it to be
: as a glance at the map will indicate, on
'f of tie strong points of our own line, tha
L it is itself, in part, a portion of the bes
;, route by which either Cincinnati or 81
q Louis can now be reached by railway
! either from Philadelphia or Pittsburg.
e The leading reasons already indicates
e fin favor of consolidation as proposed il
! the accompanying articles, may be brief
o summed up in the following points,
i /. The early and thorough completion
of the Ohio and Indiana and Fort Wayn
of and Chicago Roads, and consequent
a greatly increased business over thes
e roads, and the Ohio and Pennsvlvani
II road.
d 2. An immediate and permanent favor
J able effect upon the value of the stock
1t of the respective roads. The market val
e ue of the stock of the Ohio and Pennsyl
vana Road, it is believed, will adyanc
a from fifteen to twenty per cent on tn
IS consolidation being perfected, and cor
/ responding advantage would result to tn
e stockholders of the two other comma