New-York tribune., 1871-05-03


There also been paid in coin and cancelled and de-
stroyed other to the amount Of SG9GJ,0O which
maured Jan. l, 1871
Me.srs Fisk & Hatch, financial agents of the Chesa-
peake and Ohio Railroad Company, have issued pam
phet to the bondhoders of the road giving brief state
ment of the operations of the Company since it came
underts present cement showing the progress Of
work the extension of the road to the Ohio RIVER
the present position OF the Affairs OF the Company and
its remarkable promise of the future The report is very
satisfactory. 1t says:
Since the first mortgage per cent loan Of the Com
pany for SIS 100000 in process Of negotiation for
the purpose extending the road to the Ohio River as
a great East and West trunk ne was hrS placed upon
tine market about S7,OO100O have been sold The pro
eeeds the sales of the bonds have kept the Com
pany amply supplied with means oL Vigorously pushing
forward work the extension OF the road between
the White sulphur Springs Ue present western terminus
t. which the road j. completed ana In operation, 22'
miles from Hchmouul ana The maj western
terminus on the Ohio River and have been econom-
! lcally ana lndclon'V apP,It 10 t!tt puIl Dos
II was deemed important by the Directors that the west
end of the road from the Ohio River to tne vicinity
Of the Falls of the Kanawla, distance of about 0mics
should be completed at the earliest day possible ana
sources at their command nave becn directed CURING the
past year, 10 that end. The capital OF the state cst
Virginia. is situated at Charleston. this section of the
road about GO miles east OF the Ohio River terminus by
the completion OF this section, the celrbritcd khuawla
cOaltelGs opened al once to the western markets.
which drawing immense supplies OF bituminOus
Goals from Pittsburgh, 3l5 miles further mp the river
section OF the Chesapeake and Ohio Railroad at q
point the Ohio River much nearer and more ae-
and thus bring active coal trade westward into i'm
mediate development. Between 4Coo and 5000 men have
been constantly employed upon the work, which has rap
idly progressed toward completion The grading, hridg
ing, cuverts etc, nearly ready for the uOn ON IA"
referred the ties the ground. the rains
purchased and n is expected that the laying of the
track will he commenced during the present month"; and
that this division OF the road will bcpu IN operation dur
ing the coming summer. The work the intermediate
section between the falls of the Kanawha aud White
sulphur Springs, Is all under contract and being carried
forward, as to he ready "a soon the tunnel at the
Big Bend of the Grceubrior can be opened This tunnel
! L.
he completed and the road pu ~ operation as oontinu
peake Bay to the Ohio River within the next year.
During the past The completed portion of the road
now in operation from Richmond to the White sulphur
Springs miles, has been thoroughly improved About
Is miles of the iron has been replaced with rails of
the best quality and important additions to the equip
mcnt have been made in new locomotives, cars, etc.
The earnings OF this portion, local road without
through connectousGaNe beenyery satisfactory r aching
nearly S0O00 lot the past year The certainty of the early
completion OF the r'ao O. the ONO River has stimulated
great activity III PrcpaId.lols Tor lhe development oil
the mineral and agricultural resources along It's line,
which have only awaited Its compile On to iG-
poflahce uneAceed py s, ol any Oef section oi th,
country. The fertile vaeJs the coal, iron salt, rur
and other natural riches OF Virginia and West Virginia,
nave long attracted ih ATTENTION of settlers iron manu-
tacurers, miners. ala capitalists; and tnat to
Railroad Is bringing 'en within the range Of profitable
improvement naTged scale. the tokens n rapid
and immense Development of agricultural, mining aud
ir, aii is , ,n. M ~ ,a'S t' S & i
and coal lands have been made within the past year. aud
preparations hug made by capitalists and practical
coal and iron workers for operations large scale. At
the western terminus oi the road the Ohio, where its
Southwest, and North.We will concentrate. m-
p0rant and thriving business center-fOr which the
location Is admirahis adapted-must rapidly arise In
anticipation of this the Company have decided 90 locate
their shops round houses, etc. at this point, and
The West aud SOuti-West have become thoroughly
awakened 10 the m Jrtnce OF the road the favorable
outlet for their products to the and it's influence
upon the interests ana trade Of the great aud grain
producing gous Oi the Mississippi Valley, and plans
for forming prompt connections with its terminus the
Ohio are being energeicaly pushed IN all directions.
The Philadelphia stock market quiet to-day.
Pennsylvania skies (Jd isse sold at 100; Philadelphia
and Erie Railroad 2ss Reading Railroad 81 7-lG Penn
syyania, 6ii. Gold closed at Ill.
We understand that the Alabama and Chattanooga
Railway ia entirely completed, although days
may elapsc brfutc the road Will he Ia running
der. This road extends from thittanOOgd, Tenn TO
Meridian Miss in connection with other roads, forming
the shortest line between NewYork ana New Orleans
saving twelve hours time over eNsihg schedules. The
main line is 2q6 miles long, with lateras and sdngs Of
81 miles making aggregate Of 33J miles The of
bonds To the extent Of si6,VO per mle which would
reach the amount Of sJ,Oc0D. Bonds 10 this amount
have been indor-ed by the State delivered 10
trustees. Tie road las also issued second mortgu
bond o. 5000 per mile or s2iOJOoO beside stock equal to
5000 per mile.
The aggregate amount OF exports exclusive OF spccie)
fron thu port of New York Ia fore ports for the
ending May 2, 1871, was ti9lO,9JG.
The earnings of the ih, Railroad of Missouri for the
week ending April a. IS were slGs IS; game week In
loo, 5,yyo Jl--IncrCioc, s1.S1O -.