Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-10-09

TIE W. & o. r. R.-'The Washington and
Ohio Railroad is struggling to extend Itself
through the county of L0udoun, aud into the
Valley Of Virginia. and across the States of
Virginia and West Virginia to the Ohio river.
TO the city Of Alexandria it is by far the most
important railroad in which she is at all utter
cstcd. The Washington and Ohio is an AL
cxandra road-iutcndcd to build up its trade,
and to pour into its lap the rich trade of the
splendid country which it drains. Its people
therefore are more deeply interested in push
ing it forward than in any other scheme ofpub-
lie improvement in the whole country. Mr. Nc,
kenzie with an energy and perseverance worthy
of all admiration has commenced the construc-
ton Of the extension OF this road, and with u
financial skill rarely equalcd is keeping the
work in motion under difficulties which would
deter any other man from the undertaking He
needs money, and yet the capitalists pcrtcr the
bonds Of some Pacific railroad to those of the
w. K o. railroad. The investment in this one
is as safe as that 10 any other road in the coun
try. 1t pays on its bonds regularly 80 in gold.
It's bonds are sold for 90 cents on the 81, so
that considering the value Of gold the real III.
terest obtained is over S per cent, and the IN
cidental advantages would yield an interest Of
double this amount. And SO with Loudoun.
\ man here, with money to spare, puts 5000
into bond Of this road. He draws semi-an-
nually the interest of s. 900. at the rate of 40
per cent in gold, thus making on his invest.
ment really s. - per cent. And who can cal
culatc the individual advantages which every
citizen of Loudoun will derive from its compile
ton 1t will develope the resources of the
county. 1t will double the value OF property
along its line. 1t will increase the population
Il H., 81 ,,,l
it at cheap ratas. 1t will link it to the spirit of
the agc-the spirit whose watchword is progress
and Improvement ties OF responsive sym
pathy.
And as to the safety of the investment. 1t
every dollar of debt It's value and it's
its trade will largely increase with every mile
of its progress At Snickersville it will tap
the trade of the Shenandoah river and
Valley of Virginia. When it connects it.
self with the S. V. R. r., that road will
become feeder to it from both ways. And
so at Winchester the Valley road will pour
trade and travel upon its line-it being direct
line to the capital Of the country. When it
reaches the coal fields of Hampshire it will
open mine of wealth incaculable in value,
which wealth it will bear to the harbor Of AL
exandria At the Ohio river it will complete
one ofthe most important trunk lines in the
Countrywide most direct and the shortest line
between the heart of the great West and
Washington city Can you imagine more solid
investment than shis with the bonds Of the
company lien upon all its property real and
personal?
1t seems strange that Mr. McKcnzic's Golfers
are not OVERLOOKING with money to carry for
ward this great work. We do hope that every
MIN in Loudoun who has any money to lend
will take the claims of this railroad into con>id
Grafton before deciding upon the investment
he will make Of i,-Loulom Enterprise.