The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-11-28

undertaken. The subject has always been
approached under full conviction Of the
pecuniary interest which this company
has in it, and Of its vital Importance to the
whole State. Though acting as the repre-
sentative of private corporation, they
could not forget their obligations to avail
themselves Of the position they occupy to
bear their part in promoting the general
welfare Of the Commonwealth, and espe-
cially of those interests with which they
arc more Immediately connected"
As preliminary step in this westward
march Of improvement the Board deter
mined that the ten miles of track graded
next to Covington should, if possible, be
brought into operation, and no longer re-
main as a tacit confession that the COM
pany was powerless to move. In the en-
barrassed condition Of the company, and
the general distrust of all southern railroad
companies, owing to our unhappy political
condition, the purchase of the iron was no
easy task, added to the cost of other mate
rails for the superstructure but, with the
addition Of some personal security, the
credit of the company was able to procure
it, the work was done, and thus on the
3lst day Of July the last section of the road
was put in operation to Covingtou. And
now the interesting question presents it
self for consideration, what shall be done
in the further prosecution. of the great en-
terprise?
The President presents fair statement
of the question in order that the company
may come to judicious conclusion. He
also presents copy Nbf the conditional
contract made with the commissioners in
the May meeting of the stockholders, and OF
the resolutions adopted by the White Sui
phur Convention.
The people of the States Of Kentucky
and Of Ohio have each manifested great
interest in the general design-the first in
the branch which leaves the kanawha at
the mouth Of Scary creek, and would ter
inmate at the mouth of Big Sandy the
latter in that which continues down the
river to Point Pleasant.
They have declared their determination
to connect with this line in either case
where it reaches the Ohio river. In exc
cution of this purpose there is now an ac-
tive effort being made, which promises
success, to connect this road with the Ma
rietta and Cincinnati railroad at Hamden,
being distance of only twenty-eight miles
from Point Pleasant.
It is further remarked, in conclusion,
that the question Of cmbarking in this
heavy enterprise without having previously
secured an amount Of means sufficient TO
accomplish it is very serious one ad-
dressed to the peCnniary interest Of the
stockholders but to abandon it under
present circumstances, when SO much has
already been done towards raising means,
would be grave responsibility which your
Board is not willing to assume or 10 re-
commend. With the road in operation to
the White Sulphur Springs, and from the
falls Of kanawha to the Ohio, leaving a
gap of something over one hundred miles,
and that connected by the James River
and Kanawha turnpike, none are SO skep-
tical as to believe it would remain long
unfinished"
Both reports unite in testilying to the
general fidelity AID ability of the officers
OF the road.