The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-09-02
chesapeake and Ohio Railroad.

Chesapeake and Ohio Railroad
rvo weeks from this day the voters Of
.,;s city will decide the question whether
richmond shall subscribe 81, 900, 600 to the
stock of the Chesapeake and Ohio railroad.
II is the most important question ever
submitted to the people. Never was there
60 favorable and bright chance to build
mn Richmond and make hor indeed great
city: and we do trust that it is 80 fully ap-
prcciated that there will be nearly una-
n;mous vote in favor of the subscription.
THE ROAD AND ITS DISTANCES.
From Richmond to the Ohio river is
about four hundred and t,oenty-eigM miles.
There is Of this distance already completed
t,no hundred and foe miles Of railroad
Tho Central railroad, from Richmond to
Covington, in Allegheny county, Va. So
that there are but too hundred and t,oeaty
three miles to be built to put US In connec-
t;on with tho Ohio. But there is only one
hundred and t,oenty-seuen nales-the dis
lance between Covington and the falls Of
the Notwithstanding to put US in con-
nection ,oith the Ohio by railroad and steam
bont combined. We shall meet the river
steamers at the falls, and the steamboat is
known to be the very best means Of trans
rortation of heavy freights. Once there,
the business of the road will be 80 large
that it will easily command the means for
its completion to the Ohio. So that by
tho subscription of s2,OOo,OO0 Richmond
secures the enormous advantage of COM
munication with the great West, the vast
s,orchouse Of inestimablo wealth, which
other cities have paid their twenty, and
thirty, and fifty millions to reach.
TIE SUBSCRIPTION.
Richmond is asked to subscribe $4,000
600 to the preferred stock to the Chesa-
pcake and Ohio railroad. To this preferred
stock the company guarantees eight per
cent. after the road reaches the Ohio, from
which time Richmond not only will have
no interest to pay, but she will be the
holder of a stock that will probably be at
apremium-a stock, however, from which
she will never, never part, as it will give
her controlling influence in one of the
greatest improvements c. the age, and one
that will be for her lasting benefit. The
stock in the Baltimore and Ohio railroad is
at from eighteen to twenty per cent. pre-
MUM, and this Chesapeake and Ohio rail
road taps the same great West that that
road pierces, and it passes through coun-
try equal in resources to any that is ira
versed by the Baltimore and Ohio railroad,
yet that great tributary to the wealth Of
Baltimore only derives one-eighth of Its
tonnage from the country beyond the
Ohio! The agricultural resources of the
Kanawha Valley are superior to those of
tho country traversed by the Baltimore
and Ohio railroad, while the Kanawha coal
measures will supply o tonnage equal to
that afforded by the Cumberland mines to
tho Baltimore and Ohio road, and the
quality of the Kanawha coal makes it from
double to three times the value Of the
Cumberland coal.
The subscription Of Richmond is to be
paid in bonds Of the city, not money; and
these bonds will not be required at a rate
exceeding 100000 per ann,lm, the interes
on which will be $4,000. So the subscrip
ton will be required worry gradually, ant
the interest will be easily met by the in
creased means in the possession Of thu
city-means acquired by the extension o
the Chesapeake and Ohio railroad, by thu
general industry and economy with which
men in Richmond and all the country she
trades with are ondeavoriDg to restore
their fortunes, and by the increased limits
and population of Richmond.
WHAT IS PROPOSED TO BE DONE WITH THE
FIVE MILLIONS.
The subscription of 100000 by Rich
mond is to make up the sum of $5,000,O00
the counties along the line subscribing
$3,OOO,0OO. With this sum it is proposed
to build the road from Covington to tn,
falls of the kanawha river, where i
will meet with steamboat navigation ant
be placed in possession of the tonnage ant
travel Of the Ohio to as great an extent q
they can be controlled by steamboat navi
CATION, the very best mode of transporta
tion of freights. If we consider that TIT
extension of the Central railroad from
Staunton to Goshen depot, thirty-thre'
miles, increased the net receipts Of tn
Central railroad A per cent, and tina
tho extension from Goshen to Jackson
river, twenty-six whatsoever a countr,
that could hardly sustain q crow while b.
flow over Increased the net receipts o
the road 80 per cent, what may we no
expect from the Greenbrier river and Ka
nawha Valley? The Baltimore and Ohit
railroad has freight of 100000 tons east o
the Ohio river. Why may not the Chesa
peake and Ohio railroad have an equs
tonnage from the Kanawha coal fields to
Richmond?
THE ESTIMATE NOT DEFICIENT
The s5,00O,OOO proposed to complete the
road from Covington to the falls, dis
lance of l27 miles, Is said by some to be
insufficient for that purpose. The cost
Of the Central railroad, 2O5 miles long, in
GLIDING the Blue Ridge tunnel and some
mountain sections that are nearly equal in
responsiveness to the Allegheny section OF