Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-02-18

from her destitution and dilapidation. Their le-
rislation speaks well for their energy and enter
| prise. In eonnection with the charters granted
for the extension and construction of rail roads in
tae eastern portion Of the State. Bills have been
passed looking to the completion of the lines of
railway in the Southwestern portion Of the State.
which were under contract before the war-also
| for the construction Of anew road. The one known
as the Kentucky and yIrgininia Road" leading
| from this point via Moccasin. Gap to Cumberland
| Gap is eliciting more general interest than any
other. We would call special attention to the
following Bill of recent action by the Legislature
of Virginia
Re Il enacted by the General Asssrabkyof Yer
einia That the President and Directors of the Vir-
| ginia and Kentucky Railroad are hereby author
| lied and empowered t. contract with any res
ponsible person or persons for the completion OF
said road within Eve years from the irst Of Janu
AIRY, 1866; and in the event OF sucn contract Pc
| ms made with any such person or persons. then
| the said President and Directors are hereby au-
thorized and empowered to sell the States inter-
in said road TO such person or persons on such
terms as a majority Of the private stockholders,
interest in said road But this sale is authorized
upon the condition fhattbe said road Is 70 be COM
pleted. within the period Of five years from the
first of January 1866 and also upon condition that
the State is released from the deferred part OF her
subscription to said road now unpaid.
T" 2 That previous TO the sale authorized by the
foregoing section, meeting OF the stockholders OF
said company shall bs called and officers OF the
company reapp0inted.
80 Nothing herein contained shall erect the
interest of any contractor OF employee in the Com,
monweaith having unsatisfed claims against said
company.
of the Virginia and Tennessee road.
IS This act shall be in force from its passage"
This road Kentucky and Virginia. was char
tered in 1853, upon the three-ffth principle, and
and was let to contract, the work commencing in
1857. The expense incurred by the State and
company, up to the suspension Of the contracts,
by direction of the Board of Pablo Works, be-
cause of the States inability to meet her ratio Of
the expenses, amounted to (S23a. S45) two hundred
and thirty nine thousand three hundred and forty
five dollars, (9, 600 nine thousand dollars ofwhich
was paid by the stockholderstS %. OOO) one hun
dred and three thousand dollars by the State.
leaving the State indebted to the contractors to
the amount of tsi6,340 forty-six thousand three
hundred and forty-fye dollars.
Twenty -four sections of this road have been
worked on and most of the masonry completed.
which, in many instances. was very heavy. Con-
tractors who were engaged in constructing the
road are willing to resume operations so as
the company undergoes an organization, which
viii take place soon.
The bill granting charter for road from Cum
berland Gap via MoccasiE Gap and Saltsyille, in
tersecting the Virginia and Tennessee Road at
some point west of Marion and east Of Glade
Springs is to be constructed by private capital
the State taking no interest in the enterprise.
There is no prospect of its success. The road from
this point is forty miles than the Satsville
route. with many advantages superior to it, not
only because of capital already invested and work
done on the road, but from its superior location.
1t is true that the country is somewhat broken.
still it is distinguished for its fertility and its ag
rcultural enterprise, well as for its fattering
mineral blossom, the latter, until recently, has
attracted no particular attention. The people of
its locality, and adjacent country awake to the
importance Of its construction.
That accomplished gentleman and journalist.
Col. J. w. Page, now wholesale commission
merchant of Cincinnati. formerly associated with
your journal, paid our town visit last week. He
won many warm friends during his short stay by
his gentlemanly department. None know him
but to admire him. He is a chip of the old
block" CONSERVATIVE.