Cooper's Clarksburg register. [volume] (Clarksburg, Va. [W. Va.]) 1851-1861, 1856-03-07
IEDiToR . PROPRIETOR
WIIoLE no. asa

lnessee line, and The James River and .Ka-
: nawha canal TO Coyington. The FIRST is,
lin danger OF being stopped, The other tRog
i Railroads are langnishing Tor appropri-s
atoms or subscriptions to the last links OF.
theif completion, and the canslis without.
credit. bound by.a mortgage and resting
Its whole weight upon the arm OF the
State, F4ssssaa - ~ IS
ii i speak from personal alfknowledge, from
actual intercourse with the people in eEesl
lily section OF the State, when soy thatla
I very large majority Of them are looking
1 anxiously to the contamination OF these
| main works, Whatever may be the local
i and selfish ieal lonsies engendered by ap.
| parently conflicting interests, The State
1 en- laaSSs longs to see these lines brought
| to their terminf East aud West. We neede
| not fear the Willingness Of our conStitu-'
ents to bear bnrthens little While for the
cake of The ultimate aud certain good OF
i the commonwealth. None ofthem would
have past expenditures thrown away or
unreesonably added 10 by the damage of
delay. They go farther and would have
connexion between the Central and
South Western Roads at Coyington Tor
the South side as we'll as the North side
of James River has need Of link, with
the Big Bend of the ohio-fiver. And, ifi
any question arises about gauges, I would
recommend that the Covington and Ohio
Railroad be graded broad enough to ad.
nit ofitwo tracks, one for each gauge OF
the Central and The South Western. IL
woHld add but fourth or a third TO the
cost. aud time, Ptrust. viii prove that we
will have need OF ten instead of tW o tricks
in connexton with the great net work Of
Improvement in the Northwest. -
The James River and Kanawha Com
pany is indebted to the State more;than'
S3, 600, 600, aud the State is liable. for tho
company TO the amount Of about two and
one halt millions more the aggregate is,
in round numbers, labout $5s6l3, ,OOo.-'
The company is unable to move n step
further in its works without aid from the
! Legislature. II has not the means TO pay.
the interest on its bonds for the next year:
] it is without credit because il is mortga-
ged 10 the State, and much of is work, il
left without aid, will go to decay and
cause. enormous loss. e Il is supposed that
the cost of completing the work TO Cov.3
ington will be about $4,000 900, which
must be advanced by the State or tho
whole line. by failing to meet the CovingL
ton and Ohio Road will fan dead loss
! on the State. To avoid this and the me-
cessity Of any now loan or iaxation by the
/ State, il is proposed that the capital stock.
of the company shalt be Increased TO tho
amount Of 10000 shares, of which the
State shall take $4,000 In payment Of her
i debt and liabilities due by the canal, and
the remaining 10000 shall be sold, if'
practicable, to private persons, thus COM
mutng the debt and liability Of Che State
into stock ofthe company. BY this means
the company will al the end Of the two
/ years be In receipt Of nett revenue Of
| S1so, 900 per aunum, and with credit
adequate 10 complete the work 70 Gov.
ington without further charge to the Safe.
1 Once finished to Covington and the Cows
ington and Ohio Rail Road completed, the
revenue, il Is reasonably supposed. will
pay the interest upon the whole invest. =
ment. Il is commended that the canal
ought to be sold, under the mortgaae.-
II Il be, how then Tho capital of. the
company is $4,000 900, Of which the
State owns three milliOns, and indiVidu-
ais two millions. II the State sells and
purchases, she will have 10 give her &c..
/ 0o0, 600 worth 81 debts and liabilities for
the private So, ,oo0, 900, because she can
get nothing eise.a And when she- has
| done that she must then add 70 her ex.
penditure Che $3,o00.0oo necessary 10
complete the work, or all her op,lays will
be entirely thrown away, and then, too.
she viii have 70 lay tax for that amouns
Of appropriation and deprive the private
stockholders Of two millions invested on
the fifth Of the State. This view presents
the proposed alternative as tire best. Il
forwards the work, Il relieves the compa-
ny, takes no more burden on the State
than It has already incurred. avoids the
necessity for tax, may complete the
canal 70 coyington, and does Justice %
private stockholders.
have thus. in the present emergency.
thrown together some TeasohS Tor the
recommendatfo now make.
fst. TO appropriate Immediately a sum
sufficient 70 carry on the COVfnaton and
Ohio railroad steadily and economically
for the next two years.
Cd. To enlarge subscriptions 70 the
Southwestern rsilroad, 50 ns to complete
the same 70 the Tennessee line.
Sd. To enlarge equally Che srbscrfp.
lions 10 the Central road, 20 as to enable
the company to progress with is work
for the next two years.
4th. To authorize Che eogineton snds
| Ohio railroad to be constructed with n
! grade broad enough for two tracks. and
1 With the view to . connection with the
Southwestern TaiIroad at the most eIeei4
| BE points, and % accommodate fespec.
tiyely The ghages Of che Soafh western and
| Central roads s
6th. 10 direct the Board Of Pablie
/ Works 70 fx amfhin1nun tariff Of tolls upl
an all the yaf1Foal4s .t,.d .assals E, s.t.ftIs