The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1867-10-02

lbaflStS. VIII purchase OF ala US ID Tue ueSotla-
ton of our securities
WHAT INTEREST HAS AUGUSTA IN THE EN-
TERpR1sE.
By placing this work under contract a mar
ket is created, at greatly enh lnee1 prices for
every production of the country. The sop
plies for one half ofthc length of the work
and two thirds Of its cost, must Jesj furnished
By the couuties or the line ot'the Cent alR. e.
The Wheat. Corn, Oats, Beef Pork. Hay and
every other product of the country will be
enhanced in value, at least twenty-five per
cent each year during the progress Of the
work, the additional amount realized from
the products of the county, will probably pay
ty will pay on her subscriptions. When the
road is completed to the Ohio the line from
Charlottesville to Richmond will be at once
shortened. This will reduce the distance by
rail to Richmond, more than 20 per cent and
would cause a corresponding reduction OF the
charges on trade and travel With the com
pletion Of the road to the Ohio we may ex-
pect reduction in the charges on the road
Instead of paying six cents per ton per mile
IOI llCISHt duu dOOuo tllC SathO Ipt lAoeNiSct
per mile the charges will be reduced to one
half these rates The amount which the
county will save each year, by these reductions
Will more than equal the amount of tax on
subscriptions. The facilities for the manu-
facture OF iron on the line Of this road. by
transporting the coal OF Kanawha to the ores
Of the Valley, are unsurpassed by any locality
in the Union A ton Of coal, OF the best
quality suitable for the Manufacture Of Pig
iron (w,theut coking) may be delivered in
Augusta for three dollars. or Il ton Of iron
ore may be delivered in the Kanawha Valley
for three dollars A train Of cars loaded with
coal will pass from the Valley of Kanawha to
the Valley of Va, and return laden with Iron
ore and limestone. The cars will be furnish
ed with full loads in each direction. aud at
less charges, large profits will be realized by
the co~pany However valuable the agricul-
tural interest of Augusta may now be. there
value will be more than doubled by the de
yeapment of the iron interest, and even then
in few years the capital employed in the
nufacture iron will Largely exceed that de-
voted to agriculture.
WILL THE ROAD PAY s PER CENT. PREFERRED
DIVIDENDS.
We have seen that the cost of opening the
road will be only about ST 600 00D, allowing
tor its completion and equipment 81 0 5000
in additioushere would $4,000 900 on which
dividends and interest would have to be i'd
in addition to interest OIL the present debt OF
the Virginia Central H. Z Company. Esti-
mate that 81 600 coo would be required to
meet these charges, The probable result on
this road, as to trade and revenue, may be as
certained from the data furnished by the
great lines connecting the East and West.
The New York Central, New York Il Erie,
Reading, Pennsylvania, Baltimore Z; Ohio
aud Pittsburgh TT. Wayne and Chicago hav
ing length. in the aggregate. CT about 2l00
miles, cost an average Of SIT 40 per mile.
and earned last year s29 $40 per mile Els
tilnating the Chesapeake 4 Ohio Railroad at.
1875 miles in length and the gross earnings at
$40, $40 per mile. would give u grcss revenue
per year, of S12,552,60o.. Allowing one half
ior expenses would givea nett revenue of S.
276 500 or more than 90 per cent on !: capital
Of So 100000 We have seenthat the cap
ital invested in the road when first opened
will not exceed $50 '0G00 and with this
expenditure will have capacity for business
fully equal to the Baltimore l. Ohio Railroad
BY the expenditure Of the additional SIS
000, eco. the road might be double tracked
from the Ohio River to Richmond. and fully
equipped for business equal to its capacity.
which would be superior to that of any road
in the United States, except the Reading.
The coal iron, salt, lumber and mineral
springs will create local trade and travel
superior to that possessed by any one of-the
great lines. Chicago, Memphis. Cincinnati
and st Louis, the great centres Of Western
trade, will each fipd the Chesapeake 4 Chic
Railroad their most certain, direct aud cheap
est route to the Atlantic. This road will
command the trade of two thirds of the vas,
aud productive region lying West OF the Al
e.hany, and seeking an outlet to the Allan
tic The business Of the road will be fully
equal to its capacity, and its capacity will
greatly exceed that OF any existing road, ex
tending from East to West, or which can be
~
COMPARISONS ARE ODlous."- Dumb
y eorra x,-c II SIC ~ ;,su1t 70 bonnst 70,