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


An important step toward reviving the ma
tcria prosperity Of Virginia and West Virginia,
whereby their great natural advantages of soil,
climate, sandi mineral deposits viii be made
available for 4 greater and more active industry,
has just been taken by several promilent 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 Ti+giaia Central, and The Coviag-
ton and Ohio roads, both Of which received from
the State prOr'to the war,a large amount of aid
in the aggregate more than S5.3OOiVOO. Tn is
expenditure the State now surrenders to the new
Corporation on very favorable terms. The road
Is in operation frola Richmond to the famous
White Sulphur Springs Of West Virginia, 227
miles, and it is belieYed can be completed to
the Ohio GOO mies) by the close of 1871.
Among the promoters Of the enterprise are
Messrs. G. 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 Par
sons, of Virginia with Messrs. Fisk & Hatch q 5
the Financial Agents Of the Company. These
names are sufficient guarantee of the vigor
and fidelity with which the great work win be
carried through. G'' aa"1"' w ''DH. .
The completion of this line to The Ohio River
brings it within o short distance of the imp0r-
can't abroad centers Of Columbus Dayton, Gin =
cihnati and Louisville, from which tributary
lines arc 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 cltiesy it will have the great
advantage of grades much lighter than any of
| the more northerly lines. II passes through the
| great coal fields Of the Kanawha, and viii have
7 cheap aud dbaAdnnt fuel. The celebrated iron
oles are situated on the central portion Of the
route, the active, iron furnaces OF Southern Ohio
at its western terminus and between the two
dre those lhethsustible Veins of 'splinp coal, SO
necessary for iron manufaeture.t HrN sl. .
a This line will furnish tho accessory out let
for the fertile tract OF country between the Cum
berlahd and the Kanaw la, and will draw over it
lgthe wheat oEMlnnesota the cotton of Tennessee,
MisslsspRs and Arkansas together with tue
cattle, wheat, aud tobacco Of the intermedia to
region, as II unitcs 16 900 miles of inland navi-
4 gatlOn and 10000 miles of rallfoad III tile West
10 The best harbOr on the Atlantic coast, by the
shortest and most economical line to be found.
The coal and-i traffic Of the road alone will
4 beienormous. .f. Ala 7h@aps ZHt
IaoThe Chesapeake and Ohio Is already aproGta.
4, bic enterprise from its local business merely )
When completed to the OHIO, 1t must become
one OF the most successful roads In the country
ibThU ionterprlse7 is in efficient und honorable
hands, lhe debt upon the road Is nconsiiera bic,
and the prospect OF remunemtiye trllic very
Aatterlng
The First Mortgage Bonds Of the Chesapeak {
and 0hloR. Roo, offered for sale by AIessrs.
Fisk s. Hatch, tbe well-known New York Bank
ers, will at once attract tho attention and com
mand The confidence OF capitalists as very bu-
pcrlor investment. a'.' N v7i 9s.1g
The loans Ieretp(orc recommended and nego
tlated by this house-now recognized as among
the standard and fIvorite securities in the mar
kets both of this country aud Europe--beal
testimony to the discerlment and judgment
exercised by them in the selection and approya
Of loans. '."" '' ''"