The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-12-27
= q ], "a 7sb;o Paiiroad

and-slides were numerous and Involved
great deal Of expense and, what was worse,
,elay. These slides were not greater than
upon any mountain railway, but they were
sufficient to produce delay and demand cau-
lion. So that up 10 this day we cannot say
hist the road has fully conquered the I'm.
,yoidabls difficulties aud extraordinary eX'
panses of putting a rev railway into opera
ton.
The years exhibit, in sritcofthesn obstacles,
was cheering. The net earnings were $780,
S0S.91. The expenses were y per cent oil
the earnings. Yet during the last three
months prior to the 3oth September the eX-
pcnses were only in the proportion oil 62 per
cent. of the earnings-a very satisfactory re-
duction. AS the road becomes more settied
and solid this favorable exhibit will grow
more aGd more gratifying.
1t must be remembered that. although the
rosd now rests on the banks of the Ohio. it
cannot be said to be in that condition upon
which the great hopes and prospects for its
usefulness and prosperity were l"scd. IL
connects with no railroad. II cannot look
for passengers and freight commensurate
with its. many advantages until Its connec-
tons with Cincinnati, Louisville, ana 1t.
Louis are completed. Prior 10 that event,
however, the road will wonderfully Increase
its business and profit 10y arrangements for
river freights that will throwa vast quantity
OF business upon il. These arrangements
will stop much freight in lis downward way
upon the Ohio and bring up large tribute
from the lower Ohio. Al this time great
deal Of freight that comes over the Caesa-
rcake aud Ohio railroad goes down tbc
kauawha to Cincinnati and comes back 10
The measures for toWage upon
the OHIO and for transhipmcnt at Hunting
ton will do this work handsomely.
The New York 1li6rnc O! q late Gate has
a most interesting article ON The subject OF
this roaG, most Of the facts Of which have al
ready appeared in The annual report of MIR.
president CT the company. In
this report our readers remember how inn
portart Mr.. HUNTINGTON considered the COM
pletion of the tunnel Of this city, enabling
the locomotives on Lis road to pass directly
from Huntington 10 tic saa-soin5 ships at
Richmond.
Our readers know hat Il scheme for fund
ing the unpaid interest due by the company
(which the company was unable to pay on &C
count of the pressure nj the recent Sclgi-an-
payday in al income bond with an adj
ditionai loan based on the same security, WIS
projected rs means Of fully cquipping the
road aud completing its connection with
Louisville, Ky. We learn that this funding
process has gone along III manner that
gives assurance Of ultimate success. There
ire only sixty-!iye milk IF road to be bull!
% place Richmond in connection By rail
with Louisville and Lexington. and there is
10 reason to 6sllht the suriy construction of
road from Huntington 30 Cincinnati. These
NO lines finished, the road, with its easy
trades aud short lin" 70 the At antic. tide
will have success sv2ecGing all anticipa
lions o! its most ardent friends.
With the vast products Of the West
'orn, wheat, tobacco. bacon, hogs. cattle,
.tc.-the coal, iron, alt. aud produce Of the
demand upon the road will
Exceed its ability ut al times, We arc sure
l'he minerals Of tic Vireiuias would alonc
Ak the energies Of q railway Of great power.
As TIC Tribune article 2aT>:
For Two hundred in miles the central
)ortton OF the road there are numerous de-
>c>lts OF iron ores, Some Of them SO massive
I'D so accessible as 10 he CT immense value |
. commerce, the strata OF hydratcd ores be-
y. piled up in some localities in bluffs fifly |
0 seventy five feet in height, and capable Of
,eiug easily thrown down into cars. 4 few |
furnaces were already in operation 10 this
ron belt, some Of them dating back as
ar as the Revolution. charcoal being used !
$ fuel. Limestone Of great purity Is also
ound adjacent. On the western slope
f the range, and not far from the
re beds, The line passes through the thickcst
nj richest portion Of The great Allegheny
GOA. ield, Where, by the erosions
the streams for ages, ;ac superintendent
arth las been swept II, cutting deep
through IN sirantitication Of rocks, and
'aving the seams of coal, forty Or fifty III
lumber. exposed as eilcctusliy SIS it a series
( shafts and gaDgway> bad been sank for
ne purpose. The wealth Of minerals dis
osed IN the canon of The New River and
) continuation the Great kanaWha has
etply impressed mining engineers aud CAPT
.lists from Pennsylvania and England, and
aves no doubt in the minds Of explorers
lat this must be the scat Of & great iron in
ustry; ore, fuel, tiuX, Water-power, food,
.bor, and markets being concentrated along
re line of the road or ut its eXtreGAities."
The kanawha coal-fela- are the richest IN
1e Union, yet the mining lands near Pitts
urgh and on the Monopgahela sell for seye-
al hundreds of dollars lAcr acre, and even as
Ugh as thousand dollars, white the Kama
,ha coal-lands are held at low prices, and |
OF saleable at those; yet few years vii!
now such activity OF development Of the
.arawha fields Us will astonLsh Us oil, ana
be lands there must lisa uatil they bear a
let proportional value TO those in the re-
ion about Pittsburgh. The Hauawba fields
vii have the advantage Of those about
pittsburgh IN the matter Ct access to mar
et, and the mineral hands CT the kanawha
hould be worth more than those Of Penn
ylvania.
We feel that we may say to our people that
he plans Of the Chesapeake and Ohio rail-
Dad are wise, and promise admirable success.
The financial troubles under which it, In
ommon with railroads in general, now suf-
ers will be gotten over at an early day.
Once put in perfect connection with the