The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-02-01
Coyirgton and Ohio Railroad.

This important improvement, which the
State of Virginia has expended much money
and labor upon, has been OF late the obJect OF
attraction 10 several companies of capitalists
Several have been represented here, ana me
rival claims Of two were discussed on Tuesday
before the Joint Committee on Roads and
Internal Nayiga ton Of the two Houses OF the
Virginia Assembly. According TO the out
givings of that discussion, there appears TO be
n disposition 10 pay the state something for
the right, interests, and privileges, of tn" road
Mr. BALDWIN, Speaker Of the House, who
represented one Of these companies, stated
that. AT the beginning of the session, the State
would have been glad 10 give her interest 10
nny company which would complete the road !;
but now came a company making magnificent
offers Itappeared that that company lTHoMP-
son CoAPASY) represented by Mr.. JAMES
Lyons, thought the right in the road worth
two millions of dollars.
bill reported 10 the House Of Delegates
confers the property upon the company repre-
scented by Mr.. BALpwIS on the occasion above
referred to: REzxoR i Co. The bill does
not impose upon them, rs one OF the conal-
tons the payment Of any money 10 the State !;
but we suppose that when il comes up for dls-
cussion there will be some bidding on TINS
point.
The corporators are left in blank, but "all
~ the rights in terests and privileges, OF what
"eyer kind in and to the CoSington anu ONO
"railroad and appurtenances belonging There
"to now the property of the State Of IT.
.pinia" are conferred upon j. L. RE1NoK.
EBYSEzER OLMsrEAp, Meaville, Pa; A. De
GRArr Dayton, Ohio; II. ID. Cooke, Wash
tngton (of JAY COOKE Coz; THOMAS Sc"TT,
JAMES NJ. SELLERS, WILLIAM ii. WELDON tot
WILLIAM PAINTER 4 Coz, Philadelphia; ana
HIRAM A. TUCKER, New York, their success
sors and legal representatives majority OF
whom shall control all the grants and privl-
leges conferred by the bill
The condition of the grants and powers are
that :. the said parties, their legal representa-
tyes, or authorized agents, shall complete
said railroad in manner equal 10 the Nr-
"ginia Central railroad, from or near 'oNihg-
"ton, Allegheny county, Virginia, to the ONO
"river, upon the present alignment and sur
"yey of &. Il. FISK, engineer, rs near rs prac-
i" ticable, within five years from the iirst day
"of April, laC6, the time the Work on the sald
railroad is 10 BE- commenced. The lirst avn"
sion, between Covington and the hlt"Sn!-
"phur Springs, III Greenhricr county, Nir-
"ginia 10 be put in operation within one year
I" from the tim. Of commencement. The
remaining four divisions, OF about fifty miles
=" each, to be completed IL the rate Of one diNl-
sion each year, making five years IN all. IL
~ further provided that If ii is not :" vigo-
fousiy commenced within sixty days, and
: completed us above stated the road shall
revert 10 the State
Inc Oil further gives authority TO the COM
pahy 10 construct such branch roads as il may
determine 10 build, provided that lone Of
them shall conflict with the Interests of ,h,.
State In other public works The COMPANY j.
10 be authorized 10 organize as soon n. ,hroo
millions of dollars are subscribed and IT,
maximum capital is fixed al twenty millions
OF dollars.
Ahe Charter by this bill is exceedingly favor.
able 10 The company but il il only Oh its second
reading, and may b. changed. However, we
doubt not the Legislature il dis posed To make
the inducements 10 finish this work liberal
enough. IL il understood here that West Vir-
Ginia will not throw any difficulty in the way
OF the prosecution Of this important improve
nsnt; but, on the contrary, Will afford every
facility, and concur in the measures of this
State for it, completion
The cosington aud Ohio railroad Is grand
project, and promises invaluable benefits 10
Virginia. The persons who are proposin. 10