The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-08-08
BALTIMORE.
WEDNESDAY, AUGUST 8, 1860

The Central Railway, which was projected some
three or four years ago, 10 form an additional link
of connection between Philadelphia and Baltimore.
has fallen upon evil days. On Saturday last tbe
stockholders met at Avondale, Chester County.
Pennsylvania, and adopted resolution leasing
the road to S. NJ. FELTON, & Co. for twenty wears
with the privilege of renewal for twenty wears
more, On complying with certain specified condi
tons. As this lease would be equivalent TO an
abandonment of any further prosecution of tbe
work, and would thus reduce the road to the con-
dition of merely local affair, good deal of feel
ing has been manifested by the people of Balli-
more and Hartford Counties at the course which
some OF the more prominent Directors are in favor
pursuing. The Messrs DICKEY, who have ex-
tensivc mills in Chester County, and who are
large stockholders in the road, appear to have
been most prominent in their efforts to transfer
the work, as far as completed to Messrs FELTON, &
Co., who, we presume represent in the matter the
stockholders of the more Southern line of railway
between Baltimore, Wilmington and PHILADELPHIA
and who, it must be conceded, have perfect right
to take any legitimate steps 10 prevent rival road
from interfering with their interests The facts of
the case show that the Central Railway is deeply
in debt and that the members Of the Comnanv
being held personally responsible for all claims
against the road, are anxious to make an arrange
ment with any party or parties who will furnish
the means to relieve them of the liabilities which
they have incurred With creditors pressing. and
the present Board of Directors unable to raise anv
further sums Of money, either by subscriptions TO
the stock or by the sale of bonds the prospects of
pushing forward the road 10 lis proposed terminus
are anything but tlattering. The people of Har-
ford and Baltimore counties, who have been look
ing TO the road as means of establishing direct
and rapid communication by rail with
this city are of course, deeply dis
appointed in their hopes. They assert, con-
fidently, their ability to furnish the means of
building the road from the Susquehanna river to
Baltimore, if the inhabitants of Chester county
viii complete their portion Of it to the mouth of
Octorara creek. The Maryland delegates to the
meeting at Avondale, therefore, vehemently pro-
tested against transferring the road to the Balti-
more, Wilmington and Philadelphia Railway
Company-decaring that they preferred the
''sherif8s hammer to the grip of Mr. FELTON, In
consideration Of these remonstrances it was re-
lucanty conceded by the majority of the stock
holders there present, that further action should
be taken in the matter until after the expiration
of twenty days. IT, within that time, satisfactory
propositions are made for carrying on the road by
a local company, such company is to have the
preference over Mr.. FELTON, and his associates.
unless during the same period, bonds are taken
and subscriptions rendered to an amount sufficient
TO carry on the road under lis present Direction.
committee Of twenty-five was thereupon ap-
pointed to see what could be done, with ins,ruc-
tons to report dednitvcly upon the subject on or
before the third of September next If this final
appeal should fail, the original resolution, ac-
cepting the proposition of S. NJ FELTON, & Co.,
will be carried out. through route, from Phil
adelpha to this city, by way of Chester, Hartford
and Baltimore counties, would unquestionably
prove Of vast benefit to all that section of country
That it would enhance the value of property all
along the line OF route to an extent in excess of
any amount of subscription that might be re-
CURED to build it, has been so often practically
demonstrated, in other instances of a similar
character, as to place the fact beyond the posi-
biIity OF doubt. That the completion of such
" i''' "O"l" ''SO stiIodSlN affect lne travel and
traffic of the railway line at present established
between the same points, is evident from the de-
sire cvinced 10y Hr. FELTON, to obtain possession
Of the uncomple,ed road. The transfer Of the
Central road 10 the Philadelphia, Wilmington and
Baltimore Railway Company, would crush ont
all opposition on the part of rival line for the
space OF forty years yet to come, and would at
the same time compel the inhabitants of Hartford,
and Of the southeastern section of Baltimore
counties, TO either build for themselves n loca,
ROAD, or to remain content with their present old
fashioned system Of slow coaching and slower
wagonlng These the points upon which
they are called upon to decide before the close of
the present month. If they conclude TO CO.
operate with the friends of the road in raising q
sum sufficient to complete it in accordance with
The original plan, the investment would prob
aoly prove lucrative one, even if they never
received from it one dollar in the shape of divi-
dends. Apart however, from all other copsid-
erations, we believe that such road with its
Eastern and Western connections, could, under
proper management be made quite profitable. If,
then, the work is now to be abandoned by the
present stockholders, the loss will be theirs, and
they will have no right 10 complain of the spirit
and energy displayed by the PHILADELPHIA, Viii
mington and Baltimore line in Kidding itself Of
what might eventually prove to be a dangerous
rival