The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1867-06-06

the proposed termini d The CoVington
and Ohio railroad. Tie other is al
Point Pleasant, at the Donth OF the X.
nawha river. The two routes branch
off short distance bsloF Charleston
To what extent this cbGIer Of the West
Virginia Central may intfrlefs with the
Coyingion and Ohio rs0road remains to
be seen. 1! is not probable, however,
that it can be more tb,n temporary or
trivial.
The plan adopted by the Central
RSilroad Company, in accordance with
which'the yet incomplete contract was
drawn, guards the Central Company
from any liability OF outlay whatever
until $4,000, 900 are rsi;ed and expend.
ed, or SO much OF it as nay be necesss-
rY 10 finish and equip the road TO the
Falls Of the Kanawhs riyer-the head
of steamboat navigation, that will be IN.
der the system of river improvement
about to be carried out. Six months is
given TO raise this sum. After this ex.
peniituro and completion of the road to
tha Falls, tho Central company agrees
that the entire property in the consoi-
dated roads-east and west of Coving-
tOn-may be pledged 10 secure loans for
the completion and equipment of the
road to the Ohio river The contract
guarantees 10 the stockholders in the
Coyington and Ohio railroad perma-
nent preferred dividend Of eight per cent.
per oanum from and after the compile.
ton of the road TO the Ohio, The en-
lire length Of the road is 223 miles
From Covinglon 10 the Falls Of Kama
whs is l28 miles; from thence to the
Ohio. 81 miles. The State has expen.
dod So 50O,000-nearIy all on the part
of the road between CoYjng!on and The
Falls.
When the Baltimore and 0hio rail
road had reached Cumberland. one hun
drod and seventy eight miles from Bal
timore, and that place had been its
western terminus for years, that compa-
ny was as poor as the Central Railroad
Company is to-day, When, by extra
ordinary efforts, buillinga fow miles at
a time, the road reached the Ohio river
at Wheeling, the value of the stock had
run down almost to zero. But once
there, the road bull! up the company,
which was soon able to construct an
other road, one hundred and four miles
long from Grafton to Porkersburg'--
Tue company's credit grew daily hetleL
It began to double its Track. and increase
its running stock, to extend its influence
in every direction; aud TO day us stock
is above par, it runs a line of steamers
to Europe, it controls the Marietta rail.
road and other railroads in Ohio, AMI its
revenue is five times "a grea, as the rev
enuo of the State of Yirgina Balti-
more w3uld have been iuslif.d, as the
results prove. in paying the whole cost
Of the road out Of her own lrea ury, and
giving it to The comp ny. Without it,
that city was PowrrIrfs Wiib i, sss
Immediately became 10 con,emptible
rival Of New York aud Pnilaaclp ia
And SO prosperous ars this company's
affairs and such is ii3crodi', that il it
desired TO do so, it dOulj, at its owl
proper c6'A construct p railroad Fr.m
Norfolk TO the Ohio river, without cal.
ling for any State, municipal, or inli-
vidull aid. It'll a power 10 the land =
Fourteen years ogo, we repeat. its stock
was not worth forty cents on the dollar.
The country through which the road
posses has derived as much proportion
ate advantage from it as has Bsli-
more. Coal is transported three hun
bred miles upon it, Coal lands have
quadrupIed IN value, The Baltimore
Gas Company (Co'umbus O'Donnel)
oougn' ianu III Mar'on county three
lUUUrel miles from nRItin1DrP tnr