The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1867-09-05
From the Richmond Dispatch.l
ITY AND COUNTY SuRSCRIPTI

ClI hNDNUUNlA oUDSCNiI llONo'
Much is said on the subject of the
proposed city and county subscriptions
TO The Chesapeake and Ohio railroad
On these subscriptions is based an ar.
gument against the subscription baI It
is the weakest Of al The reasohs eiclled
upon the question Of Tile improvements
Where will yot sell the bonds, and
how?" They hhst be sacrificed if dis
posed OIL at oil /" &C., &c, are the pith of
the views Of those opposed to the manner
in Which 1t is now attempted TO build
the great road, so long under couSidera-
tlon, aud with regard TO which so many
schemes have failed. For il IS only tho
manner in which it is to be done that
meets objection. Nobody object TO the
work itself but, on the contrary, all
eulogize it, and think It ought to Dc built
| for tho welfare Of Virginia and this
city.
What nto the elements of crcdil? The
good standng Of ne parties asking credit,
tier means and the profitable and pro
mise Of tie enterprise in which they pro-
pose TO invest the money borrowed
Tried by these inquisIies, we venture
to say there could be no stronger claims
presented to credit and responsibility
than those Of The people VINO pledge
their faith to build the Chesapeake and
Ohio miIfooh, nor ccn there be greater
Promise in any scheme now projected on
this continent than in that ratlrond.-
Take the people Of Richmond, and those
dwelling upon the line Of this magniti-
cent railway rottle to the OHIO, car you
find on earth n people more renHSned
TOR good fafrh and integrity, for strict
comPtiautc Will theit Obligations, Tor
industry, proBity, and no or? Then
take the route itself: Is there any coun
Try lraversed by railway, or any coun
Try proposed 10 be ''aycrscd by that s7tt
Of Improvement hat can e&cel il ID alE
the resources for hallway prosp tiy?
In mineral riches ard agricultural re-
sources it is unsnrp,Sscd. The way.
b,nosS upoa the line must be Of itself
enough to give prosperity 10 the road
that ltaVetsts IL But sc must iemem=
Der that once the road strikes the Ohio
it taps sea Of commerce that is inpx,
hau>lable, and whose fow this direct
ion will only be limited BY the capaC-
iry Of the conduit through which il must
pass.
Wrh such basis of credit, nclui
ing the properly % four hundred miles
OF railway, We ask practical men and un,
practical tneu Why may Hot the rnea to
complete the road to the Ohio be- 6uf
rowed? What new Condition has en-
tered into the matter Of credit 10 prevent
il? RSs there been any great reTGu
lion, any RADICAL change in polite Sec.
cnomy and finance by which are bdnsh.
ed oil tie long settled bases Of credit
and confidence? H not, the money Can
be had and the road Can be Built, No
project Of this age can frraish stronger
claims 10 trust and reliaucc5 and unless
there is an end oil credit, an end 10 great
undertakings for the public good, lis
construction and furnishing career are
inevitable.
No man can deny that the present con.
dilion Of Affairs is anomalous. and that
schemes cautiot nov Be Carried Oh, reg-
ularly. But lei no man suppose that
there is 10 be an immediate rushing in.
10 the market with the credit and obi
cations Of the Chesapeake and Ohio Rail
road Company with the various corpo-
rRions Interested with it, There is no
such idea entertained. The ways aud
means for the work viii be raised with
due regard to the intrteus Of all con
cemod. Thore wl'be nj reckless sac,
rifoe-ho needless and waSlefui employ
ment Of the credit that is to build the
road. We do not suppose that one dol
lar will be raised upon the securities in
the hands of the company until Virgin
ia is restored to the Union, unless, in
deed, capitalists shall exhibit that conf
dence in tho enterprise during the pres
enl statue Of the Commonwealth which
would justify the company in eAoOling
loans.
Does any man suppose that tho com
pony would SO far forget its own impor.
tant interests as to waste the means in
IT'S possession, aud bCdriveu to suspend
its road, after Flushing but modlcum
Of the work which the, means was to
have completed? Would not that at
once destroy faith in the company, and
not only take the work out Of its hands,
but postpone its completion, to the
grea'jOjury Of the Central rai'road?-
Can we imagine that the company would
be guilty of such great folly?
Where islbe wisdom of these object
ionsH Where their practical seuse?-
Thew shoull, NOT he entetlaincd. Now