The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1870-02-23
Gtje';9Ilrattelll4elnilcl5eI !:
.An71mportant Railroad Line. I,


AnimpOrtant step toward reylying. III
material prosperity Of Virginia and We
Virginia, whereby their great NATURAL I'D
vantagcs Of soil, climate, and mineral dc
posits will hc made available for a create
and more active industry, has just bee
taken by several prominent New YOrl
capitalists in identifying themselves witt
tho great railroad limo which extends be
tween Richmond and the Ohio River, nov
known as the CHESAPEAKE AND OmC
RAILROAD. This limo includes the oil
Virginia Central, and tho COuingtOn an
Ohio roads, both ofwlich received from tn
State prior to the war u largo amour
of adm tho aggregate more thai
$5,3OO,OOO. This expenditure the Stat
now surrendes to the now Corporation
on very favorable terms. Tho road Is II
operation from Richmond to tic famou
White Sulphur Springs of West Virginia
oo27 miles, and 1t Is believed can be com
pleted to tho Ohio (2OO miles) by the clos
Of 1871. Among the promoters of tho en-
terprise arc AIessrs. G. P. Huntington o
the Central Pacific Railroad, A. A. Low
William II. Aspinwall, David Stewart
and Others of New York city; Mcssrs
wicklam, Anderson, Echols, and Par
sons, Of Yirginia, with DLcssrs. Fisk 4
Hatch us the Financial Agents Of the Com
pany. These names arc sufficient guaran
tee OF tho vigOr and fidelity with which
tho great work will DO carried through.
The completion Of this line to the Ohio
River brings 1t within short distance Of
the important railroad CCntcrs Of Column
bus, Dayton, Cincinnati and Louisville
from which tributary lines arc projected
md building, by which the Chesapeake
and Ohio Railroad will establish q
Through Line from the scabonrl to the
great West. Beside being the shorteFSl
line from tide-watcr 10 Western cities 4
viii have Tic great advantage Of grades
much lighter than any Of the more north
crly lines. 1t passes through the great
coal fields Of the Kanawlla, and will have
cheap and abundant fuel. The celebrated
iron ores orVirginia arc situated on the
central portion Of the route, the active
iron furnaces Of Southern Ohio at It's west
crn terminus; ind between the two are
those inexhaustiblC veins of "Splint" coal
SO necessary for iron manufacture.
This line will furnish tho necessary out
let for the fertile tract Of country between
the Cumberland and the Kanawlla, and
will draw over II the wheat OF Minnesota
tho cotton OF Tennessee, Mississippi, and
Arkansas, together with the cattle, wheat
anil tobacco OF the intermediate region, as
IL unitcs 10000 miles of inland navigation
anil 10000 miles Of railroad in the West
to the best harlOr on the Atlantic coast
by the shortest and most economical line
to be found. The coal and iron traffic
Of the road alone will be enormous.
Tho Chesapeake and Ohio is already 4
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 tho road is inconsidCrablc, and the
prospect Of rcmuncrativc trafllc very flat
tcring.
The. first mortgage bonds Of the CnEsA
rEAKE AND Ono r. r. Co., offered fol
sale by Mcssrs. Fisk & Hatch, the vel
known New. York Bankers, will at0act
attract tic attention and command tht
conlidcncOOC capitalists US a very superior
investment.
The loans heretofore recommended and
negotiated by,this house-nOw recognized
as among tho standard and ravorite sect
rites in the markets, Of both this country
and Enrolr-brar testimony to the dds
cennmcnt md judgement exercised BY
them in the selection and approval ofloans