The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-10-30
rr,,, C-,e.ope,,,o and Ohio Railroad.

The Chesapeake and Ohio RaAro"u'
We find the following ~ the New ON
Times Of Tuesday. The facts sfa'eo' we
believe are well known here, but we rcFfo g,
dnrc them as stated by Mr.HrSrlsGroS Ia
connection with the present embarrassment Y
of the company: # . .
"Mr. c. P.HuulIngton, the president o,
the Chesapeake and Ohio ralroao, aoui,eteu
,bat the company was Temporarily e,hnaI.
raised, and he believed IL very pIonap'e ''la.
Inc co,lpons of its bonds which 'eii que on
the Is. proximo would not he paid. liner"
was small amount Of some of the constrnc-
ton aud equipment paper overdue. Inc
directors had worked energeticaily TO keep
matters straight, and had paid In more mo-
new than they had promised. The aeots
would be paid. Every one Will get tneI
money. All that Is required is little time.
When the new extension OF the roaa was
made from Mount Sterling TO the Big SANDY
the company would become very prosper
GUS. 1t would then have an earning ponei
over others IN the same district. Inc pas
| sepccr traffic was not expected 10 De ereu >
but Tor freight it would be well Ia'Iou'le ~,
He did not see how any one could lose ~!
of the money that was invested. w uo 49,
the line cost more for its CONSTRUCTION tnan
| was expected. There vii! nc issued ne"
seven Der cents. on the net earnings Oh Tue
road for the new line. ,,,,o
| "This extension would open up taiua-
BILE trac, of country. There were faiuaois
tracts of coal lands undeveloped aS YET, anu
this would be the means of opening nc"
industry. At present there were hob ihi,es ~ !,
.l,nt has IN t,p
will be below Yorktown. SO tdal theIc WIN
be direct line from the sea 70 the .hl>s's.
sinni Over so miles OF the new extension
| had to be constructed, ana The routes nav ils
been selected and surveyed few years ago
there is nothing in the way OF soins aheao
with the work. This undertaking was con-
sidcrcd essential. 1t is proposed to fund the
floating debt OF SS,0o0,000, and some OF inc
future coupons, if the consent OF the BOND
holders and creditors cam be obtained, ana II
| i believed will be ut once acccded to. Inc
bonds now in circulation amount 10 aDo"'
$4,000 900. a meeting of the bondholder'
would be called ut an early date.
We suppose 10 one vii! doubt the cor
r,rtuess of Mr.. HrSTISGToS : statements anu
expectations as here represented. we 'hlnh
he underestimate the travel upon the Ches'
auc,ke and Ohio railroad. lis direct con
nec,ions with Louisville and large part OF
eastern kcntucky-W hen the extensions nc
speaks of shall tc complctcd-mu>t com
mand . heavy passenger business. Mlcll o'
it will probably turn of at Staunton Tor Al
cNandria and Washington. The aggregate
of through and way-tr;Nri will grow to be
very large, I'VE have not doilb!.
The Richmond reader will perceive that
| Mr.. II,STINGToS is persistent in his idea OF
an extension of the Chesapeake and Ohio
railroad TO the Chesapeake bay, aud we see
no reason to object 10 it. We arc III fa'ol
of il. Every road that goes ont OF city
must also come into it. Ii will be decided
advantage to this city to have a railroad run
Ming from her boundaries TO the Chesapeake
Ii can do her no damage. and it will Ger
luinly confer upon hcr benefits.
| OF course Mr.. HUNTINGTON will complete
the western connection OF the road OF Which
he is president before he undertakes The
! York River extension. Probably he will OK
tend his road from Clifton Forge to this city
| before the York River extension will bt
built; for this road down James riycrwill be
needed to bring the heavy frcights to this
city which. it is his opinion, will render the
York River extension necessary.
We believe all these extensions will bl
constructed. Richmond is safe. She has
nothing TO fear, and every reason to antlcl'
pate immense advantages from the Chesa
peake and Ohio railroad.