Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1870-03-04
An Important Railroad Line.

An important step toward reviying
the material prosperity of Virginia and
West Virginia, whereby their great nat
ural advantages of soil, climate and min
eral deposits will be made available for
a greater and more active industry, has
Just been taken by several prominent
New York capitalists in identifying
themselves with the great railroad line
which extends between Richmond and
the Ohio River, now known as the Ches-
apeake and Ohio Railroad. This line
includes the old Virginia Central, and
the Covington and Ohio roads, both of
which received from the State prior TO
the war, large amount of aid-in the
aggregate more than s5,300,000. This
expenditure the State now surrenders to
the new Corporation ON very favorable
terms. The road is in operation from
Richmond to the famous White Sulphur
Springs of West Virginia, 227 miles,
and it is believed can be completed to
the Ohio GOO miles by the close of
1871. Among the promoters of the en-
terprise are Messrs. C. p Huntington, of
the Central Pacific Railroad; A. A.
Low, William II. Aspinwall, David
Stewart, and others, of New York city ;
Messrs. Wickham, Anderson, Echols,
and Parsons, of Virginia; with Messrs.
Fisk q Hatch as the Financial Agents
of the Company. Thee names are a
sufficient guarantee of the vigor and f.
deity with which the great work will be
carried through.
The completion of this line to the Ohio
River brings it within a short distance
of the important railroad centres of Co
lumbus, Dayton, Cincinnati, and Louis
vile, from which tributary lines are pro-
jected and building, by which the Ches-
apeake and Ohio Railroad will establish
Through Line from the seaboard TO
the great West. Beside being the short
est line from tide-water to Western cit
les, it will have the great advantage of
grades much lighter than any of the
more northerly lines. 1t passes through
the great coal fields of the Kanawha,
and will have cheap and abundant fuel.
The celebrated iron ores of Virginia are
situated on the central portion of the
route, the active iron furnaces of South
ern Ohio at its western terminus; and
between the two are these inexhaustible
veins of "splint" coal, SO necessary for
iron manufacture.
This line will furnish the necessa nv
outlet for the fertile tract of country be-
tween the Cumberland and the Kanaw-
ha, and will draw over it the wheat of
Minnesota, the cotton of Tennessee, is
sissippi, and Arkansas, together with the
cattle, wheat, and tobacco of the inter-
mediate region, as it unites 10000 miles
of inland navigation and 10000 mil es
of railroad in the West, to the best ha r
Dor on the Atlantic coast, by the short
est and most economical line to be found.
The coal and iron traffic of the road
alone will be enormous.
The Chesapeake and Ohio is already
profitable enterprise from its local bust
ness merely; when completed to the
Ohio, it must become one Of the most
successful roads in the country. The
enterprise is in efficient and honorable
hands, the debt upon the road is incon-
siderable, and the prospect of remuner-
alive traffic very fattering.
The First Mortgage Bonds of the
Chesapeake and Ohio r. R. CO., offered
for sale by Messrs Fisk & Hatch, the
well-known New York Bankers, will at
once attract the attention and command
the confidence of capitalists as very
superior investment
The loans heretofore recommended
and negotiated by this house-now rec
ognized as among the standard and IA
vorite securities in the markets of both
this country and Europe-bear testimo-
ny to the discernment and judgment ex-
ercised by them in the selection and APP
prevail of loans.