The Highland weekly news. [volume] (Hillsborough [Hillsboro], Highland County, Ohio) 1853-1886, 1871-12-07

measures as they might deem expo
dent.
This committee on comforting,
were unanimous that two inquiries,
preliminary to any further action,
should be answered satisfactorily.
First-though the eminent posi-
ton occupied by Mr.. Huntington
and the financial ability and skill,
so abundantly evinced in the con-
structian and management Of the
Central Pacific and the extended
system of Railroads on the Pacific
slope, and in the marvellous energy
with which he is pushing the Ches-
apeake and Ohio R. R. through the
Allaghany range to the Ohio River,
might be taken as ample guarantee
that his liberal proposition to build
a road from Symmes Creek to Day
ton, would be carried out, yet your
committee deemed it important to
learn by personal interview, from
the parties proposing to build the
road, their views and plans as to its
construction and management. viii
both be such as to make the stock
valuable, and by low freight tariff,
insure cheap coal and iron, your
committee deemed to be vital ques-
tions. a subcommittee of three
met and conferred with Mr.. Hunt
Iington on these points. The inter-
view was eminently satisfactory
The Road from Symmes Greek to
Dayton is to be constructed and op-
Grated as one line, under one char
! ter, to be built in the same thorough
manner, with same low grades, the
maximum not exceeding 80 feet to
the mile, and same easy curves, the
maximum not less than 1000 feet
radius, that characterizas the Ches-
apeake & Ohio.
So soon as the cash subscription
along the line of $3.50, 900, shall be
secured, Mr.. Huntington and his
associates will take the balance,
| (s2, 10000 of the S3,OOO,OOO), to
which the stock is limited. A bond
will be put on the Road, not exceed
ing 100000. They will contract
to build and equip the Road and re-
ceive in payment this Stock and
bonds, and the entire sum needed
for its early completion is already
provided for. The Road, when
lcompleted, will be run in the inter
est of the Stockholders, with no ex
press lines, no Sleeping Car lines
to suck up the marrow, and leave
the dry skeleton to the stockholders
Taking themselves so large al
amount of Stock, they must MAKE
it dividend paying Stock, and thu
valuable, to secure any adequate
remuneration for their large outlay
The exceedingly low grades anC
easy curves with which the RoaC
will be constructed, will enable 4
locomotive with cylinders Is by 2
Inches to draw train of so loaded
cars, as easily as the same locomo
tive can draw a train of 20 cars OF
a Road having 80 feet grades, thu
greatly diminishing the cost of trans
portation. The design is by low
freight tariff to stimule traffic to tn,
capacity of the Road, and earn div
idends by low rates on large amount
of traffic, rather than high rates OF
small amounts; believing that in
this way, they best promote theil
own interests, while serving The
Interest of the public On heavy
freight, coal, ore, iron and lumber
that is loaded and unIoaded without
expense to the Road, the tarit
for hauls of 100 miles and over will
not exceed Il cents per ton per mile
and may, by the increase of business
be reduced to 1 cent per ton PEI
mile.
Your committee having becomr
fully satisfied that Mr.. Huntington
and his associates would not only
construct the road promptly, bu
operate it in the true interests of tb,
stockholders and the public, which
they deem identical, gave their at
tention
Second.-The examination of tn
abundant supply and quality of Goa
and iron ore for domestic and man
utacturing purposes.
They appointed a subcommittee O
five, who, accompanied by Professor
Orton, member of the Board O.
State Geologists, (whose report If
hereto appended,) gave the subject
such personal examination as tC
feel fully justified in saying that the
projected line of road will penetrate
and command fields of coal and iror
ore unsurpassed for quality, and il
unlimited quantities. The Hill Goa
seams near Jackson are admirably
situated by their position, dip, thick
ness, and roof, for easy and cheap
mining, and dumping into cars, and
for the house and steam purposes
cannot be excelled. This coal ig-
mites readily ; emits a large amount
of heat ; burns with bright, cheer
ful blaze, with little smoke, and no
SCOT, dust, or clinkers, and very few
ashes and is as free from sulphur
GUS gas and all unpleasant odor as
wood, 1t is pronounced by experts
to equal the best charcoal for smith
purposes.
Your committee will not detain
you to speak of other extensive coal
fields reached by this road, in de-