The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-03-09

Orange and Alexandria Railroad
Seven tg neE G5int loan, Sc
cured uv mortgage. S9JPto
Interest due on the SAME. $50 o.
Preferred stock............. a.o V w w w W.
com'non S'o'S''''''''''''''- IL Leo 2n SO
Richmond and Dauvllle Railroad
Seven per cent. loan. Sc
cured by m nor SSSS o oSS 90 90
r t99rsS. H s.o ok ss,sss 60
Richmond and Petersburg Rail-
road Company
ooi Richmond SA fredericksburg anu
Potomac Railroad Company
''n Richmo Sa and York River kali
road Company:
Preferred stocH.....,...... S.Vp,Voo w
Common stoek......"...... .s"'sss es ,,,,o -
Sou,hside Railroad Company:
Seven per cent loan, Sc
cured bv morigage...... 100000 %
Interest due on the same. 00e %
Common stock. ............ eoa,aou w -, -. -.
Virginia and kentucky Railroad
Company: -,
Common stock. 80. 49A &n W
Virginia and Tennessee Railroad
Company:
Loan. :.;:;:.s..."..sl9999eg'SSsSSS 90 90
Interest on the same'..'''. sSs eo0 w w
Preferred stock........... 5s2,oeo w
Common stock. L7l7,sdo 90 III,
Marietta and Cincinnati Railroad
First. class preferred stock slsS coo %
Second.class preferred
First IsJN and second class pre-
frrrcd scrip lelpl
s'''0 - S2o2, Oil ell
James River AMI Kanawha Canal
Comp'ny 49,, ~,
Common STOCK. ,lvo,uvV w
Other nayIra,imn companies. ........ Ll0c, Clio 80
~ nikSs' and hrjer companies. a,76l, se4 10
r'.m,, Sn,mnaT. .hnut ., 500, 900 90
Claims againsl seden, Wlthers Co. aSG GOO co
UNSETTLED CLAIMS AGAINST TIE STATE OF
WEST VIRGINIA.
Ofthesc various stocks, bonds, and claims,
some arc worth about par, some are much
below par, but constantly improving in
value, while others are worthless.
Considering them in the order above
named, it is probably safe to say that the
bonds Of the Alexandria, Loudoun, and
Hampshire Railroad Company are good, and
that the full amount, s50,S62.40, will be
paid. These bonds were given by the conf
pany il payment for stock held by the
State, and sold to the company at FIVE
dollars per share, and are secured by
mortgage upon its franchise and real and
personal property. There are three bonds
of Sl6.9E.l3 each, and due respectively on
the It'll day Of -Apri in the years 1872,
1874. and 1877; and the terms of sale Of
the stock by the State, as we'll as the pros
porous condition of the company, Justify
the confident expectation that they will be
promptly paid at maturity.
The Blue Ridge railroad was built by
a.. IF Ry
an act OF the General Assembly, passed
March ], 1867, the Chesapeake and Ohio
Rail, Dad Company was authorized to pur-
chase the interest of the State in this work
"by the surrender of State bonds to an
amount equal to the value of said road al
the time Of purchase under the contract with
the Virginia Central Railroad Company, said
amount to he ascertuined by the commits
sioners Of the Coviugton and Ohio railroad"
The Chesapeake and Ohio Railroad Com
puny have not yet completed the purchase
of this interest, nor is it authoritatively
known by the Board Of Public Works that
said commissioners have ascertained the
amount which is to be paid by the same
although it is believed that the amount will
be from one-third to onehalf of the amount
of said interest.
The Chesapeake and Ohio Railroad Com.
pany was formed by the consolidation OF
the Virginia Central and the Covington and
Ohio Railroad Companies under the Law
! above mentioned, and succeeds to all the
rights and Liabilities of each of those COM
panies. by the terms of said law said
company has "the right at any time within
two years after its organization to purchase
the stock held by the State in said company
| at the date of the purchase by transferring to
the Board of Public Works bonds of the
State for an. amount equal to the stock
proposed to be purchased, and also to pay
any debt which it may owe the State at the
date Of the payment on account of loans
made to any of the companies which may
have consolidated, by surrendering to the
Board of Public Works. State bonds for an
amount equal to the debt proposed to be
paid" The consolidation above referred
to was perfected August Is, 1868, and, by
the terms Of the above quoted law, the
right of said company TO purchase the
stock or pay the debts which the State
holds in and against the same will expire
on the 18th day of August, 1870. The
debt due the State by this company fol-
loans and interest Oh the same, and for the
use of the Blue Ridge railroad, amounting
to $500, 147.24, is perfectly good, and viii
be paid. 1t is also hoped that this company
will redeem the stock owned by the State
therein, amounting to s2,0l3,9S7.50, q.
provided by the law above quoted. This
company has been recently re0rganized
and now numbers III its board of director
some Of tic ablest and wealthiess
fnanciers, us well Us some Of the most OK
perieuced, energetic, and competent rail.
roud men in the country. The unfinished
portion of the road is being put under con.
tract, and the whole work, it is said, will
be rapidly pushed to On early completion t.
the Ohio river. When completed, it will
undoubtedly prove to be one of the most
profitable and valuable public improve
lnents of the country, and of immense COM
merciul and pecuniary advantage to our
State. 1t must soon become one of the
great arteries through which will be poured
the vast and increasing commerce of the
Ohio and Mississippi valleys and the north.
west TO our own cities and seaboard, as well
as to ctiea and communities to the north OF
US. The interest of the State in this COM
pany, if not purchased by it, will, it ia con-
tidently believed, at no distant day rise to
par in value: provided, always, that the
undertakings and representations of those