Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-01-30
For the journal.
A Railroad to the Coal Feds FSd Is. '0HAA'

Mz,.ps. EDITORS II have seen with regret the
loss in the Legislature of the Western Railroad bill,
and have been surprised that no step has been taken
to get another bill 10 construct ROAD TO connect Ihs
market with the Coal Fields.
To save time in discussing all the ways and
means will propose plan that may still be made
available and add much to the States interest in
her railroad stocks.
Why not use the charter of the Wilmington and
Weldon Company, to build a branch from some
favorable point to the Coal Fields via Fayetteville,
if the Western Company would be willing to merge
their stock, at fair valuation If not let the ROAD
start at some point Faison's Station, and run
directly to the Coal region.
The Wilmington Company has some Sl,2UO,UOO
worth of stock no, vet sold that could be made avail
able if this Company choose to have 1t sold for this
purpose Then the State could transfer the stock OF
the N. c. r. R. Co. 10 the amount or SoOO'OoO or
one half of the cost of this branch, or any other
amount that may lie agreed upon. This transferred
stock would, in five years, pay per cent. dividend
TO the State 1t would, by the time the road was
GRADED sell for enough to iron and partially equip
this branch You readily see The advantages to
be OF tanned by building this road as branch rather
than as a separate work, both in cost of equipment
and in working the road by the same officers, and
to some extent, the same machinery, same repair
shops &c, &c.
NV plan then is as follows The Legislature TO
pass an act to aid the Wilmington and Weldon Rail
Road Company TO construct branch of their Road
TO the Coafelds via Fayetteville, with authority 10
purchase the improvements of the Fayetteville and
Western R. R Co., by giving that Company, or its
individual Stockholders, certain proportion OF w.
& w r. R. Co. stock for theirs-a d fair valuation );
or if that Company refuses this ofer to construct
the branch by some other route 10 the COaIhelds.-
The State to take one half third of the
stock by transfer of the States stock in the N C.
R R. Co. or by the issue of Donds as may be thought
best. The W & w r. r. Co. to issue of their un-
sold STOCK from time time, enough 10 pay one half
the cost of this branch but all the stock invested
in the branch TO be excluded from dividends, except
the profits derived from lis business, until the
branch is complete and worked one year,-or until
the Stockholders in the main stem, willing to
merge the whole stock. This act can be passed sub
ect to the approval of the Stockholders of the Will
mngton Road, at general meeting ca led for the
purpose.
Should this branch start from point near
Warsaw OR Strcklandsve, it would make very
convenient route via GoIdsboro to Beaufort Caro-
lima City, and Tor years to come supply all the
needful wants of the community; but when the bust
ness and population increases to a sufficient extent,
a branch, or a separate road could be built to the
Beaboard from the point of junction on the Whining
ton road.
Gentlemen, have very hastily Sketched the main
points of plan that will give road to the Coal
region, and at the time to Fayetteville, if they
choose 1t will enhance the value of the Whining
ton Railroad as we'll as the States stock, and cause
the most economical management and working of the
Coal Field road. A FRIEND OF THE WORK.