The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-12-14

sources ol tue company will allow its COM
mcncemcnt with convenience during the en-
suing year.
The equipment of the road has been rem
dcrcd much more effective and valuable bv
additions, renewals, and repairs sufficient to
meet the increasing demands upon the trans
porting capacity of the line. During the
year two locomotives, two now passenger
cars and about fifty new burthen cars, have
been provided, part by purchase, part by
construction in the company's shops. and 4
considerable portion of the old stock
thoroughly repaired or rebuilt.
II is to be regretted that the city connec-
ton with the liue of the York River road
still liuecrs incomplete. although more than
half finished Il year aud q half ago, and the
material ready for its completion. This is
due alone to the failure of the city author-
ties to make progress with the order of the
Council for the condemnation and opening
of Il small slip along two squares OF Dock
street. Over this the company has 10 COLI
troll, and has TO await the action of the pro-
pcr authorities. The delay has bccu very
injurious to the interests Of this Is we'll as
of the York River line, and, we think. in Il
material sense. of the general business OF the
city ITSELF Recent assurances justify some
better confidence that it can be completed
during the coming spring.
The recent attention given hy capitalists
to the immense granite formations along the
line of your road, within a few miles OF
Richmond, has resulted in large investments
in this property, and 4 consequent demand
for enlarged accommodation in two or three
short lateral roads, and The enlargement and
rctting of the wharf at Rockets. The
management have thought il proper 10 en-
courage these efforts to develop this valua-
bic but hitherto unused source of wealth by
suitable arrangements III the respects refer
red TO in supply of all of the facilities that
ire required. \ new source of profitable
trade TO the road and the community is
| hence anticipated.
An important engagement Of similar cha
| raccr in its uses to the company has been
| entered into by the management with the
Trcdcgar Company, Of this city. well known
us one of the largest and most cntcrprlsing
iron establishments of the South. Their in
accessible relations 10 the different lines Of
| rail transportation centcring in the city in-
duccd that company, a few months since, to
propose 10 this the construction of an cNtcn-
| ion of lis Belle Isle branch across james
river 10 the works Of the Trcdr"ar Company
| III certain terms deemed equitable to both
| and convenient to this company. After due
| consideration an agreement to that effect
| was entered into on the 9TH day of April,
| 1871, and the work is now III progress. \
COPY Of said contract is herewith presented
| for the information Of the stockholders. 1t
| is not doubted that this work, when effected.
will result TO the mutual profit OF both COM
| Gnip<, and contribute materially 10 the de-
vclopmcrt of this important branch Of our
| local, mechanical, and manufacturing indus
| try and trade.
Applicatiun has also hccn recently made to
| the company for the construction of an addi-
| ional branch, OF about one mic in length, to
accommodate 4 new undertaking to develop
an additional coal production iii the Mid
| lothian field near Colirld. Though not dc-
! crmincii vet, The interest is one deemed
worthy the favorable consideration OF the
company. The coal properties that spread
| lor six miles along and adjacent tn both sides
| Of the comInny'> road. and within distance
Of fifteen r,ilc, from Richmond, if under the
! ccuirol and direction of ample capital and Il
proper plnin" skill and economy, would
| doubtless develops largely increased traffic
for the company, and Il valuable source Of
| wealth to the community and State. At pre-
sent, one Of the most valuable Of these pro-
pcrtics is seriously restrained in It's prodllc-
tive operations by all accidental litigation in
yolving the title; which, however, it is cN-
pcctcd will soon he disposed Of. lis prorri-
etor. New York capitalist Of enterprise and
large resources, expresses his purpose push
| the production on IN ample scale. Every
such effort is entitled to the liberal encourage
mcnt OF the company aud community, Gre
ating as it does new wealth from which
every interest in the community receives
more OF less of contribution.
| The property and franchise Of the Roanoke
Valley railroad. from keySyillc to Clarkes-
Vile and the North Carolina line, having
been purchased during the present year by
certain parties in friendly relations to this
| company, the same lave been placed 1T our
disposal, with the desire and expectation
| that with the Hearty cooperation oil The COIN
muntie> locally Interested il its construction.
together with this company, that improve
mcnt, commenced years ago, and 50 lnllci
needed hy the people Of that section, could
he at once put under construction. with
such co-opcraton il can and should be done,
| in the interests OF this company, of the pco-
pie in that section of Virginia and North
Carolina. and Of this city, which Is itself
| largely Interested in the opening OF V;slla-
bic lateral and tributary to the tran>rorta-
ton of the road and the commerce OF the
city. These views have been indicated
already through the President Of this COM
pany to the people interested. If properly
RESPONDED to by them, tic interest is one
| that deserves, and will doubtless receive, the
favorable consideration Of the stockholders.
The Importance and value Of this compa-
ny's line OF the great work under conStruc-
ton between Charlotte, \. G., ana Atlanta,
Ga. and in which the company has very
| I III Il in
fed its previous mention in connection with
the company's affairs. Its present advanced
condition and expected early completion
promise the amplcSt yeriiication Of what has
been heretofore stated to the stockholders III
regard to it. With ncar seventy miles COM
plcted, and more than one hundred addl-
tional nearly ready for the rail, the utmost
confidence iS felt that the entire line VIII he
opened during the ensuing year, thus giving,
through the connected property OF the Norm
Carolina railroad between Greensboro ana
Charlotte new connecting line OF about
two hundred and fifty miles in extent through
a productive country, with more than hVc
hundred additional miles of connected ana
opcratinr railways, the business o. when
will be shared in large part by this colnEs-
ny's line. TO the diversified productions
and traffic of this extensive and valuable
norton of the South one hundred anu
twenty miles of transportation is to be thus
saved, and these subjects of commercial cN.
change converged upon their shortest transit
over your line and to its markets. 1he
teeming fields of the cotton belt are moVcd
one hundred and twenty miles nearer 10
Richmond, and her tobacco and flour and
iron fabrics are pushed up one hundred ana
twenty miles nearer TO their best market.
The Norfolk and Great Western Railroad