Litchfield enquirer., 1870-02-24

~AN A"I 0hAANE RAILROAD LINE. = An i'm portant step toward reviving the material prosperity of Virginia and West VirUinia. whereby their great natural advantages of soil, climate. and mineral deposits will be- made available for greater and more ac. tive industry, has just been taken by sey- eral prominent New York capitalists in identifying themselves with the great rail. road line which extends between Richmond and the Ohio River, now known ss the Chesapeake 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 50, 300, 900. This expenditure the State now surrenders to the new Corpora ton on very favorable terms. The road IS ln operation from Richm ond to the ia. nous White Sulphur Springs of West Vir. glnla, 227 miles, aud it is believed can be completed to the Ohio (200 miles) by the close of 1871. Among the promoters of the enterprise are Messrs. O.. P. Bunting ton of the Central Pacific Railroad, A. A. Low, William H. Aspin wall, David Stew. art, and others, of New York city; Messrs. Wickham, Anderson, Echols, and Parsons, of Virginia with Messrs. Fisk & Hatch as the Financial Agents of the Company. These names are sufficient guarantee of the vigor and fidelity with which the great work will be carried through
 The completion of this liue to the Ohio River brings it within short distance of the important railroad centers of Colum. bus, Dayton, Cincinnati, and Louisville, from which tributary lines are projected and building,by which the Chesapeake and Ohio Railroad will establish a Throagh Line from the seaboard to the great West. Beside being the shortest line from tide water to Western cities, it will have the great advantage of grades much lighter then any of the more northerly lines. It passes through the great coal fields of the Kanawha, and will have cheap and abund- ant fuel. The celebrated iron ores of l Virginia are situated on the central por- tion of the route, tho active iron furnaces l of Southern Ohio at its western terminus: and between the two are these inexhaust. ible veins of "splint" coal, so necpssary for iron manufacture.
 This line will furnish the necessary out let for the fertile tract of country between She Cumberland and the Kanhwha, and will draw over it the wheat of Minnesota, the cotton of Tennessee, Mississippi, and Arkansas, together with the cattle, wheat, and tobacco of the intermediate region, as 1t unites l6, 900 miles of inland navigs. | tlou auu 1O,uUO miles or railroad In the West, to the best harbor on the Atlantic coast, by the shortest and most economi cal liue to be found. The coal and iron traffic of the road alone will be enormous.
 The Chesapeake and Ohio is already a profitable enterprise from it's local business merely; when completed to the Ohio, it must become one of the most successful roads in the country. The enterprise is Ill efficient and honorable hands, the debt
 upon the road is inconsiderable, and the prospect of remunerative traffic very flat
 tering. ~
 The First Mortgage Bonds of the Ches
 apeake 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 con.
 fidence of capitalists as Q very superior ia
 vestment.
 The loans heretofore recommended and
 negotiated by this house-now recognized
 ts among the standard and fayorite securi. nies in the markets of both this country and Europe-bear testimony to the dis. cernment and judgment exercised by theu i'll the selection and approval of loans,