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

of the Pennsylvania Railroad Company.
which has a common interest with them
in the completion Of the line. The strong
position of the Fort Wayne and Chicago
Road, occupying as it does the western
end of the line, and holding the key of
immense business centering at Chicago,
as well as its connection at Fort Wayne
with other important roads, completed
and in process of completion, and which
may, in some points, be regarded as ri
walls or competitors with the Pennsylva-
MIA and Ohio and Pennsylvania Roads,
render the control of that road of essential
importanS6to the preservation of the un
ity Of the line. No other plan, except
that of a consolidation of the whole line
between Pittsburg and Chicago, could
well be devised, that would for all ii me
insure its unity, and at the time meet the
views of the Fort Wayne and Chicago
Company. This plan was suggested IN
the spring of 1854, but it was not then
deemed expelient to act upon it. Over
lures lately made to the Fort Wayne and
Chicago Company by other parties, have
admonished the Pennsylvania and OHIO
and Pennsylvania Companies, OF the ne
cessity of prompt action to secure to them
selves the advantages which will result
from the completion of the Fort Wayne
and Chicago Road; and thorough con
sideration of the subject in all its bearings
by the Directors of the several Compa-
ries has led to the conviction of the
sound policy of the plan of consolidation
and it has accordingly been adopted as
the true basis upon which the difficultle S
that have heretofore embarrassed the
completion and destroyed the efficiency
of the Pittsburg and Chicago lie of
roads can effcctually be removed.
The most serious difficulty in the way
of consolidation has been the settlement
of the terms, on which the stocks of the
three different roads should be represent
ed in the stock of the consolidated com
pany. This difficulty has been happily
settled, and it is believed upon equitable
principles, having due regard to the rel
alive value of the property and franchis-
es of the three companies at the TINE Of
consolidation.
The relative value of the stocks agreed
upon is as follows:
Ohio and Pennsylvania, 100
Ohio and Indiana, 100
Fort Wayne and Chicago JOG
In which proportions stock of the Con-
solidated Company will be issued to the
stockholders of the respective compa-
MES.
The PiHsJury, Fort Wayne and CHI
caqo Railroud will extend on the most di-
rect and eligible route from the city ol
Pittsburg to the city of Chicago, a dis
tance Of four hundred and sixty -four
miles. 1t presents the longest continuous
line of railroad in the United States, hav.
ing the great advantage of a single line
untrammelled by unremunerative branch
es. The united line occupies a position
rich in all the elements of a great loca
traffic; and in grades and alignment, and
facilities for speed, safety, and economy
of operation, it is unrivalled by any line
of corresponding length in this country
All the varieties of mineral and agricul
tural wealth incident to the Northern U
nited States are found in abundance OF
the line Of this road, and will tax to th'
utmost its capacity of transportation
The population through which it passes
may be ranked with the most intelligent
vigorous, and enterprising Of our Amer
lean people. 1t may be confidently statet
that no developement of the American
railway system can impair, but will rathe
add to the value of the Pittsburg, For
Wayne and Chicago Railroad. In its re
lation to the business of the States O
} Pennsylvania, Ohio, Indiana, and Hi
| nois, through or into which it extends
and under whose laws it exists, and il
: its relation to the American railroad sys
} tenn, it may claim all that can justly b
: claimed for the New York Central, tb,
: New York and Erie, and the Pennsylva
! MIA Central Roads in their relations t
5 their respective States and to the Ameri
can system of railroads.
t The unity Of interest which must Q
necessity exist between the Pennsylvani
t Central, and the Pittsburg, Fort Wayn
J and Chicago Railroad Companies, vii
: give to the two power in the railroa,
t business Of the country, which, if wisel,
: exercised, cannot but tell with eminen
S benefit upon the interests alike,of tn
: public and the stockholders.
! At "a first view it might seem that
: consolidation of two unfinished, and a
e yet tunremunerative roads, with one com
t pleted and earning handsome incom
: upon its cost, would be a hazardous ad
j venture for the latter. 1t needs but
careful consideration of the whole sub
: iect to dispel any such view, if it is en-