Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-01-23

Mr.. CHAPMAN advocated the passage of the bill. He
said he happy that the surplus fund increasing
He found due to the State 10000, OF interest
by the South Side railroad. lie had not had an OPP
portunity Of investigating the affairs of that COM
pany, but thought that the receipts from that
road will yield fifteen per cent He had demonstrated
that the capacity Of the c. and o. road 100000
tons per annum but he would say put it at the least
100000 The road is 22S miles long, and freight of
100000 tons at one cent per ton per mile would
yield 80 223 600 The road will only the Ohio
but to the valley Of the Mississippi and the whole travel
from the Ohio valley and the Mississippi will be over it,
How many passengers will pass this great central line
the nearest from Cincinnati to Washington?
The Harpers Ferry raid would turn Souherners who
seek summer resorts to the watering places OF Virginia
few years longer aud all who seek their hospitabe
treats can be accommodated there who have hitherto
been turned away from their inability to find accommo
dation.
We have put down the of the road at sl3 900 OOO
and the estimated profits Of s. 800 900 per annum would
be ten per cent the cost The Manassas Gap and the
Orange and Alexandra road will be greatly benefited
by the construction OF this road great benefit is to
accrue not only by the development of the of
the State but by increasing the value of the lands along
the line. The lands along the Virginia and Tennessee
road had been increased in value 100000 the tax
on which would yield to the State $4,000 The c.
and o. road will be additional of profit from
the fact that it runs through a coal country During
last year the Baltimore and Ohio road suspended the
OF wood and used and thus made six cent uponhe
cost of the road more than the preceding year. The
cost of fuel is immense item in the expenses OF road
This advantage will enable freight be transported
this road at rates far less than upon any other. We
have of the finest ports in the cOuntry-Norolk,-
and wheR the road is completed vast amounts for
port will be carried over it be shipped from that port
Place your trade there and ships will there take
it away. Virginia is entitled to the commerce of the
West and this road will bring it, and make her. what
she ought to be- the richest and most Ourshing State
of the Union.
How much, in consideration of its immense import
ance ought to be appropriated to it, 1t be completed
in three years AD appropriation of sl00O000O will
complete it. Will the Assembly give it? Ii is most i'm
porant that appropriation be made at early day if
not the work be suspended and the forces disband
ed. They now waiting TO see what will be the ac
ton of the Legislature, There is difficulty about fl
nance The from taxation is largely increasing
and will continue increase The faith of the State is
pledged to complete it. He had heard croakings
lug from the county of Washington. He surprised
at it. The South West opposes State appropriation but
we're in favor of the carrying the work by joint
stock company Yet few years ago they asked and
recriyed 1862 900 for Macadamzing road in that
ton. He hoped representative from the Souh-West
would entertain such sentiment that. He sincerely
hoped the bill would pass
The House adjourned without action or further dis
cussion.