The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-03-25
The Central and Covington and Ohio
Railroads

The CenIrdi eilo SoVulS Ion dnu OIilo
Railroads.
The Board of Directors Of the Central
Railroad Company have determined to
issue three millions of dollars Of preferred
stock, secured upon mortgage Of the
company's property, to raise that amount
Of money in order to put the Central rail-
road in complete order, and to commence
the work Of constructing the Covlngton
and Ohio railroad. This issue, however,
is not to be made until approved by the
stockholders in general meeting. Such q
meeting is to be called for the I'D OF May.
This movement Of the company, 1t is an
ticipated, will be seconded by subscrip-
tions by this city and her citizens, and
also by liberal subscriptions in the Valley
of Kanawha, where the people are very
DESTROYS of securing the construction OF
tbe Coyington and Ohio road, and where
thew have not suffered from the war, and
therefore are able to help on the work
with the most liberal subscriptions. With
such aid as is thus counted upon, it
is hoped that the Covington and Ohio may
be carried through. This scheme, it is
argued, may be worked along, and the
company may avail itself of the privileges
of the bill passed by the last Legislature
Of buying out the States interest in the
roads at any time within two years. The
object is to apply the first means in hand
to the putting of the Central road in order,
and doing as much as possible upon the
Covington and Ohio railroad. 1t would,
for instance, be a great thing for the roads,
and great public accommodation, to COM
plete the line in short time to the White
Sulphur Springs, in Greenbrier.
Major JAMES G. PAXTON, who has re-
Gently returned from Wheeling, states
that the sentiment Of the West Virginia
Legislature at its recent session was alto
gether liberal. and favorable to the i'm
provement which this State is interested in,
That body promptly passed the consolida-
ton bill consolidating the Central, Coving-
ton and Ohio, Southside, and Norfolk
and Petersburg roads, under the title of the
Chesapeake and Ohio Railroad Company,
and ratified the Kanawha Improvement bill,
which had passed our Legislature. His
statements concerning the attachments OF
the western legislators and people for the
long projected line of communication from
the Virginia seaborad to the Ohio river
uia the James River and Kanawha valleys
are borne out By the views Of the leading
newspapers of West Virginia. They well
appreciate the superiority Of this route for
its shortness and its easy grades over
all others, and are ready to afford
every facility for the construction of both
railroad and canal. The people are taking
hold Of the Kanawha improvement with
spirit, and there is reason to hope that by
locking and dammin-, the Kanawha will
be, ere long, improved up to New river
and that the work will be continued up
that river and Greenbrer river is certain.
Should it get to Greenbrier, the gap be-
tween that point and the end of the canal
on this side the Allegheny will be very
narrow; for should the steps now pro-
jected to put in progress the Covington and
Ohio railroad be successful, the James
River and Kanawha Company will imme-
diately have inducement and csedit to ex-
tend their work to Covington, which will
be neither expensive nor difficult. From
Covington to Greenbrier river is only
thirty miles an exceedingly short link in
the great water line from the Chesapeake
to the Ohio and one which would be ne
cessarily soon completed.
These topics are exceedingly interesting
to our people, and we trust they will be
more than ever attentive and vigilant with
regard to them. A new period is about to
open upon US, and our future depends very
much upon our own energy and sagacity.
Complete the latitudinous lines of COM
munication running from the Chesapeake
to the Ohio and Mississippi, and we COM
pact and fortify the interests-political and
commercial-of the middle States. Nothing
can SO strengthen the means and power of
the two Virginias as the contamination of
these great works; and they will be alike
beneficent to the people of the Ohio and
Central Mississippi valleys.
.--
mn = IT.