Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1868-01-21

bage, turnip and potato raised in the county
will find ready sale. From this source alone
you may except to realize more profit than the
whole interest you will be called on to pay on
| the bonds.
g. HOME MARKET TO SUPPLY MANUFACTURING
| POPULATION.
| You have inexhaustible quantities of iron ore
at various points near the railroad In YOUR coun
ty, all that is wanted to make it source of i'm
mense wealth to the whole people, is the cheap
coal which this road will bring from the West
| Whenever coal and iron ore are brought into
connection at any moderate cost, there labor and
capital concentrate; and the surrounding COM
munity of every class derive all the benefits from
feeding large population and the circulation of
| immense sums of money. The supply of iron
will never exceed the demand for it In the new
| and multiplied uses to which it is applied. Be-
| sides the ten thousand purposes of husbandry
and mechanics, it is used for building fences,
bridges, houses and ships-forne everything
conceivable. where other materials were former
ly used-from the ladies hoop-skirt up to the
pondeIous locomotive.
AS soon as the coal is broughtfrom the West,
to the iron ore in the Blue Ridge and North
Mountain, you will realize what has occurred
every where else under similar circumstances
You will have large populations collected in
connection with the making of iron, besides
factories Of every kind which require the use of
permanent supply of cheap fuel. On the Ohio
river, the town of Ponaeyoy has sprung into ex-
lstence in a few years from this cause alone,
now numbering from ten thousand to fifteen
thousand Inhabitants, all to be fed and clothed
from nelghborlng country. When the facilities
of the cheap coal from the West are secured,
your iron ore will be converted into bar metal
both iron and steel at the place where it is
raised and not only that, but there will be all
kinds OF manufactures of which those articles
are the component parts: as is the case at
Pomeroy and many other places, you will have
large towns grow up near Waynesborough, and
from Buffalo Gap to Craigsville. The profits
resulting from bringing iron ore and coal togeth-
er justify the transportation OF one or the other
many hundred miles, The ore from near
Waynesborough is now transported over the
Central road to Richmond hauled through the
streets in wagons, and then boated up the Canal
seven miles to a furnace, to get near the COAL
When the coal is brought to Waynesborough
the ore will not be hauled away, but will be
smelted there and made into bars. Iron ore is
brought from Missouri over that long route
down to the mouth of the Ohio, and up to
Plttsburg, more than one thousand miles, and
manufactured at profit Judge then what will
be the result when the coal which can be bought
for five cents bushel, is brought at low rate
OF freight to the ores in your county. Capital
and labor will collect from all quarters, and you
will have large towns spring up at various places
along the road in your county.
Suppose Staunton had twenty thousand peo
pie; that the several small villages all over the
county grew into large towns and that several
new towns grew up under the influences which
have produced the same results elsewhere. DO
you not see what large amount of your various
productions would be needed at home, furnish
ing the very best market with very little cost of
transportation?
Col. Baldwin, in whose judgment you justly
place a great deal of confidence, expresses the
opinion, that when this road has gotten fully
into operation, with the increase Of population
which | have but family attempted to explain
to you, At ,oN require all your surplus Of -four to
supply the home demand.
You will not overlook the fact that the increase
of population which will be the result of build
ing the Covington and Ohio Road will be maiDss
ly of fcnterprising yhife men, the benefits from
which, you will readily understand without my
enlarging on the subject.
Realizing as you will all these great advanta-
ges, you should find in the views [ have pre-
sented, backed by the opinion of your distin-
gulshed countyman, not merely conviction of
the immense value of this road, but reasons
which demand Of you not only as matter of pol
icy, but Of justice, that you should subscribe
your fair proportion Of its cost. You should
not be willing to let others, less interested than
yourselves bear this burthen, even if it could
be done without your aid but, as | stated in
the beginning, you have no right to expect that
it can be done, unless you come forward with
other communities and help to make up the re-
quired subscription. 1t is proper here to state
that the several sums voted for by the counties,
have in most cases been coupled with conditions
>oh ,Jnr+ Al ,1ohlo
RESULT OF TRYING TO MAKE A CONTRACT WITH
NEW YORK CAPITALISTS.
The commissioners Of Virginia and West Vir-
gina entertained hope that a contract could
be made with New York capitalists to complete
this road-they have been trying for two years
last year one of the firm spent the greater part
of the summer in Europe trying to raise the
money-he returned unsuccessfui-this year
another of the same firm went out as it was
supposed, with better hopes of success-he has
returned, and give here some short extracts
from his report, from which you will see that it
is vain to expect the work to be undertaken by
them. This gentleman went first to Paris; af
ter speaking Of some delays, he says: cit was
only in September that had a chance of in
PRODUCING the subject of our plan, and then [
soon saw that nothing could be effected in
France My attention was directed at once to
the Uerman money market. lie was lntrOQuc-
ed by an intimate friend, himself large capi-
talist, ito the first German banking house IN
Paris. After his papers were examined and his
plan explained he was informed that nothing
could be done at present any more in Germany
than in France
After the failures in France and Germany he
turned his attention to London was at first
somewhat encouraged but that effort like the
others, resulted in disappointment, and he con-
cludes his report by saying the fact is that in
London, Paris, and Frankfort there is no faith
any more, neither in men nor Things.
1t is plain that if this road is to be built we
who have to derive so much benefit from it
must do it ourseves-we have looked abroad
for help long enough-we must put our own
shoulders to the wheel, and then perhaps we
may not ''call on Hercules" IN voin.
BUILDING THE CovINGToN ROAD INsUREs THE
SHORTENING THE ROAD THIRTY MILES BE
TWEEN CHARLOTTESVILLE AND RICHMOND,
AND WILL SAVE YOU FROM $25, 900 TO $780,
900 ANNUALLY.
The city of Richmond has made a condition
of her subscription of $4,000, ,OOO-that before
it is called for, the Chesapeake. and Ohio Com
pany will be required to enter into bonds salts
factory to the council for the construction of the
air line as it is called, from Charlottesville to
Richmond, by the time the road is finished to
the Ohio river The distance saved is thirty
miles, besides the advantage of grades of only
20 feet to the mile instead of so on the present
road. At four cents per ton per mile and four
cents mile for a passenger, every passenger,