The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1870-03-10
An Imnortallt Railroad Line.

An important step toward reviving the ma
teral prosperity Of Virginia and West Virginia,
whereby their great natural advantages of soil,
climate, and mineral deposits viii be made
available for d greater aud 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 Chesapeake and Ohio Railroad. This line
includes the old pirgi,ia CentraI, and the COUing-
ton and Ohio roads, both Of which received from
the State priorto the wars large amount of aid
in the aggregate more than S5.S0OOO0. Th is
expenditure the State now surrenders TO the new
Corporation on very favorable terms. The road
| is in opera ton 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 enterprise are
Messrs. G. P, Huntington of the Central Pacific
Railroad A. AL Low, William II. Aspinwall,
David Stewart, and others, Of New York city;
Messrs. WickhamI Anderson, Echols, and Par
sons, 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 viii be
carried through. N Ntt ''i@t"' .2 '-DL
The completion of this line to the Ohio River
4 brings it with in q short distance of the lmpor-
tant raj ilroad centers Of Columbus, Dayton, Gin
cnnan and Louisville, from which tributary
! lines are projected and building, by which the
Chesapeake and Ohio Railroad will establish q
! Through Line from the seaboard 10 the great
! west. Beside being the shortest line from tide
water to Western cities, it will have the great
adEantaYe Of grades much lighter than any of
the more northerly lines. II passes through the
| great coal fields OF the Kanawha, and viii have
cheap aud Sbuhdant fuel The celebrated iron
oles are situated on the central portion Of the
route, the active iron furnaces o. Southern Ohio
at its western terminus; and between the two
are those ihethsustible veins of 'splint" coal so
necessary for onmanufacture l.ast 81. .
This LING will furnish tho necessary opt-le
for the fertile tract OF country between the Cum
beriahd and the Kanawhu, and will draw over it
1the wheat ofMlnnesota, the cotton of Tennessee,
MssissipPi, and Arkansas together with the
cattle, wheat, and tobacco of the intermedia to
region, as 1t unltes 16, 900 miles Of inland nIvi-
4 gatiOn and 10000 miles Of rafoad III tile West
70 The best harbor on tho Atlantic coast, by the
shortest and most economical line to be found
The coal and'lron traffic Of the road alone will
4 beenorinousg s'. uts 9lu.u't -1.
jIo The Chesapeake and Ohio Is already aprodta.
bic enterprise from its local business merely (;
When completed to the OHIO, it must become
one OF the most successful roads in the country
ibThU ienterphse- is lin efficient and hOnorab lc
hands, lhe debt upon the road is ineonsliera BILE
and the prospect of remunoratiyo trlllc very
fattering.
The First Mortgage Bonds of the Chesapeali {
and OhloR. ROO, offered for sale by AIessrs.
Fisk & Hatch, the well-known New York Bapk
ers, viii at once attract the attention and CON.
mand the confidence OF capitalists as a very.bu-
perlor investment Or .' Z yp' 5g.IfH
The loans leretpfore recommended and nego.
tlOted by this house--noy recognized as among
the standard and favorilc securities in tie mar.
kets both of thls country aud Europe--beal
testimony to the dlscernment and Judgment
exercised by them In the selection and apprqya
Of loans ''"