The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-06-05


We call your attention to the follow
ing extract from q recent letter of a.
q. Lord, Esq, of Cincinnati, Presi-
dent OF the indianapolis and Cincinnati
Railroad. Hesays: SIN answer toyour
Inquiries as to what, If any, interest the
citizens OF Cincinnati and the railroads
running West and Northwest from Gin
einnau, would take in the early. con-
struction of the CoVington G Ohio Rail-
road TO Its proposed terminus on the
Ohio river, reply, that both the cttt-
Zens OF Cincinnati and the Railroads
referred to, are in fact greatly interest
ed in the prosecution and early COM
pletion Of that enterprise. and believe
that whenever the city of Richmond and
the counties and people along the line
Of the Covipgton & Ohio Railroad shall
have shown their appreciation OF the
value and importance to them Of this
road, by substantial aid to it, either by
liberal subscriptions to its stock or
bonds. the CITY OF Cincinnati and the
Western Railroads eentering there will
respond in the same substantial man
ner. The value of this road to the
West, in affording still cheaper out
let for its products to the seab0ard, can
hardly be estimated, and 1 doubt not,
our people will cooperate with the
State and people Of Virginia in secu-
ring the early construction Of this most
important channel of commerce."
The preferred 8 per cent stock in the
Chesapeake & Ohio Railroad, which
the friends Of the work are now to sub
scribe for In order to secure its early
completion, will not be OF doubtful
value. -
Already about eleven millions Of dol
lars have been expended in the con-
StPuctiOn Of the road from Richmond to
the Ohio river, and for the completion
of which it IL estimated ten millions OF
dollars viii be required. This amount
it is proposed to raise by subscriptions
TO the 8 per cent. preferred stock, and
by sale of bonds.
The subscribers to the preferred stock,
and the holders OF bonds issued for the
completion Of the road, will be entitled
10 the nett earning on the entire road,
from Richmond to the Ohio river, until
/ their dividends and interest are paid,
1 with the exception Of the sum necessa-
! ry to pay the interest on 81 $50, 900, the
present debt Of the Virginia Central
Railroad Company. ...=s
The probable nett revenues of the
/ Chesapeake & Ohio Railroad may be
estimated from the results on the Penn
! syIYania Central Railroad, and the Bal
Hmore & Ohio Railroad, the great rival
lines. --..--...
By the report OF the PennsylVaniA Rail-
\ road Company for 1855, It appears that the
entire cosT Of their road was 81 Oh 81 s..
GrOss earnings for 05T g
! Expenses +" .---.G.-.-..-..--- 10 t9AIS44 u
Net earnings for lss5........--.-..s 4os5, Us Il
or more than Is per cent. on cost
BALTIMORE & OHIO R. R. REPORT, 1881
4 Cost OF road, main STEM, from Baltimore
Il tn Wheeling, ~, SsSI 20 p
Gross earnlngs...'......... s,5III -! ~
fzIV9S "
-'t alet 80 y
or mora than % per cent. on cost.
It Is understood that the business and
profits Of these great Railway Compa-
mics are increasing from year to year
that amer paying their eight to ten per
cent. regular annual dividends to theiI
stockholders, they have large surplus
fund to expend in enlarging the capacl-
. ~ OF their work., and to purchase OF
aid in the construction of western rail
roads.
The Chesapeake & Ohio Railroad viii
have the advantage of these great riva
lines in many respects! 1s-7 1
LIST. In shorter distance from tide
! waller to steamboat navigation of the
Ohio river. iFt9 1s- w =
From Wheeling to Baltimore ...-.....-... ILL!
F1LkEERDuIE
From Pittsburgh 10 phIa...........---.S5i
From Pals of Kanawha 10 Richmond,
81 the KnnaWha river bong improved and
the Virginia Central Railroad shortened {
From Falls OF KanaWha 10 Newport News.S7i
From Falls Of KanaWha TO Norfolk ~
End. From the Ohio river, crossing
the Allegheny mountains to Covington,
a distance of two hundred and twenty
four miles, there will be no grade ex-
lceedIng twenty-nine feet TO the mile,
and for near two hundred miles Of the
distance the grades Will not exceed ten
feet to the mile. LOT 49,
3rd. The severity of winter which SO
much obstructs transportation on
Northern roads, will not Impede BUSH
ness on the Chesapeake and Ohio Rail
road. g 70
4th. The coal field of Kanawha, as
respects variety, quality and quantity
of coal, is not equaled by any coal field
in the United States. Camel coal
nowhere else in the United
States is found of as good quality or in
SO great abundance, also splint coal
free from sulphur and finely adapted
(withoht coking) to the manufacture Of
iron. $3.50 ,.ilfn Gl
Most extensive deposits of iron ore
of many varieties and of the richest
quality are found on the line of this
E9aAH AnO ~ .BGllbN6u IuhE
rails local aud iron oT6) for the manu-.
fa6ture Of iron can be brought together
on the line Of the Ghesakeake q Ohio
Railroad at less cost than anywhere
else In the United States. E,i
9Th. The mineral springs on the line
or contiguous to this road embracing
every variety of sulphur and alum,
with baths Of every degree Of tempera-
ture, are admitted to be unequalled by
any In the United States and will for
nearly six months in the year, in con-
neetion with the unrivalled scenery
and delightful climate, make this the
favorite route for travel between the
great cities of the North and East and
the great cities Of the West and South
west. tf4
9Th. This road connects with the
Ohio river ut its most southern point
where navigation Is rarely DISTRACTED
by icein winter or by low water in sum
mer.
The valley Of the Ohio as well as the
greater part Of the valley of the MIssis-
sippi, will find this the nearest and bes.
railway communication TO the best
harbors on the Atlantic,
The immense productions OF this re-
Rtou VIII not follow the tortuous and
often obstructed channels of trade TO
Northern cities, when this direct route
passing up the valley Of Kanawha, New
and GFeenbrier rivers, and crossing the
Alleghanies ut their lowest point OF de-
preston to the James and thence TO the
Chesapeake, is opened. ~ sl9t2
It may be alleged that there are now
no great cities with merchants Of large
enterprise and capital at the eastern
teEmini of the Chesapeake and Ohio
Railroad, to purchase the products OF
the West, and to furnish In exchange
| foreign goods. ia 80 - H-asBlli llr7s
\ In answer we say, open this channel
OF trade and deposit Its immense tom
mage on the Chesapeake, and large
cities will soon spring into existence.