Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1858-09-29

-~Ah 49, 80 - " 70 WI
Ia ::
n Y anil Erie n. n. to OIesn.... .....395 miles.
Clan to OHIO
IN
egs q.
l. is quite obvious. mat Tthis line he
finished. it will lee un q Vac lily tie 6sst
line 10 -Ict0 York. ana ihi> faci l. IN
d"unIrcis The reai ason. why this Com
pirS has been rnabir,i IA Obtain the loan.
Taking no view that il l., fnr,v miles
shor ~ than nv Ci-veiau ; that 'h- Quo
par can lie easier run. AMI IN At It Is a
broad guage line through the uho'e
length. i, is quite obvi.u, Iha, it will be
come the preferred eastern line fnr at
least a very large numh-r If he pa,sen
gers WIN now z, by he wYv of CItve
land These cn~nSequrDces. it sr-nl> TO
US would follow the completion vi such
\ road.
/ Tn" breaking mp Of the E'ip no
ropolv. and his is he only T. ute which
C n accomplish that.
9 Greatly enhancing the prospects
and advantages Of The New Ymk aud
Erie r ,ilroad. Indeed. to thai road IL
is vital; for II is the only pr, e able ri:iry
which can give !: a most decisive adyan
;age over the Central r ad.
5 Comforting a great advan,sg" on
he Cincinnati, II milton and Dayton
Road. Should this ROAD he made "nr
link in the Broad Guage r ut between
New Y"tk md s. l. ui~. l. val add. at
least f;Iv. PER CEN TO ~ business.
1 r" enhance also th- v.lu- and po
sirion of the Ohio and Mississippi
ludeed we think, that nrv'r - Br"a !
Guag- line. on S" direct a tnu'e a. this
h-iween New York. Cncinna and S
LOUIS. that it will he seen. at once. IN
have great advantages over any other
rou'r This * =" plan. ihat il i >in4u-
lar it has not been taken up and com
pl-t-d before This.
Having seen thr nature AMI ooSiii,n ol
this undertaking let us see what. If ssv,
are the prospects a. its c mplr,inn -
First we have - Statement (af,-r many
,.asrn>-) which is appareu'lv rrliahIr,
that this Company has "hrain. d a loan
in money. and iron, sufficient 10 com
ple'p it. ar At least insure us >uccpss
The New York T,ibRne says:
AN amount o! ESQ 600 was taken
in Paris By a prominent Spanish bank
iny house. and about $5D0.H0O was sub
scrihpd in Lndon BY varin' parties -
The Iron purchase was iOr 81 00O iun>.
which m~k-s up the sum 'o;ai Ia up
wards at IS 600 600 a. reported The
parties whr h We been engaged in The
/ negotiation arrived hv the Futon. and
bring n poriimn OF the monry >uhcrjh"d
with them. in the shape OF Sterling Ex
change
The irnn is probably sufficient o .
the enrire line. and the mrn-v vii! neal
". or quite complete ihp grazing The
G st ct The Road (thr Obi, part. and
the morn-r in whIch the Grading h.
been carried nn is made known. a:cnri
ing tn the estimate "f The G mp,nv. ty
th.ir rrp,It ot 1855 The Bos,l say
. that frnm The Prnns, lvsnia Line 10 Div
ton l. o43 mile, sn,l the estimated cost
as follows:
Stations. Shops. Machinery, etc.---..--.-- l rI2 "t
At that Iimr. the Company slated
their mans a. follows
Actu.I suhscriptfons.................Si SCI. 49, -
Conditional OBSERVATION-DISCLOSURES 25ht'o!A
Rights of 0.aai O.
Aggregate s.. lbJ.3J+ q
Il. ~ above stated, III Company have
acquired means, IN the recent uegnua
iions. TO the extent OF So O00. 900. they
have absolutely p working CAPITAL cquIy
allen, TO over SIS. 600. 900. 1t is proba
BILE Indeed certain that a part of the
, recen. loan is applicable to the PennSyl
yania Fart. To co1nierhaIance this. the
Road had. in 1856. d large amount a
grading, ami masonry already done -
The SIN Ill part in New York will doubt
les be made on y branch o: The Ell,
Road.
On The whole. it is probable the ccm
pany will only reed hereafter. an sddi
lional capital equivalent TO the cost oI
their machinerv. We may. therefore
safely opine that the road will go on
We understand that the managers expect
to finish it in eighteen months. They
state that nearly two hundred miles are
graded. In 1855, nearly eighty miles
were graded but in consequence cf con
di,ions in local subscriptions. by which
the money was to he appll-d in special
localities, this work was distributed m
paris. so a. To be unavailable. the con-
tractor, Mr.. Doolittle. seems 10 have ad
yarced large sums. and t. have been
very energetic in advancing the work.
Ii our views of this enterprise be cor
rect, i; is really one Of the great and i'm
poriant works OF The day. II will MAXI
a decisive change in OH. Eastern husi
ness, and greatly aid the three other
great roads.
=" $1,000