The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-10-15
Chssapeaks and Chic Railraal;
RICitttoNB, October 10TH;
Editors Of the Richmond MIiiie:

The Editors OF the Richmond Nliig:
Gants.-Au editorial i'll your paper Of to-day
seems to demand some notice at my hands as
the representative Of the Chesapeake and Ohio
railroad line. You are mistaken in supposng
there is u disposition on the part OF the cred
itors 8 to crowd the company and chow it very
little mercy,' So far from such being tx ease,
as a Whole, the creditors are acting with ex-
trene liberality and consideration for the com
pAny. OF course, il all such cases. there are
some parties who are dissatisfied With the az
ranoanents proposed, and who will try 10
make better bargain for themselves than is
maize by others, and will therefore attack the
management. Bat as their success in breaking
down lie conpsly would effecttlaly destroy
the claims OH the property Of the company Of
all Others save the first mortgage bondtoldcrs.
and as a considerable majority Of the first mort
gage bondllolders have acce;led to the COM
pany's proposition, which majority is being
daily Increased by the assent OF other bond
holders, it is not believed that any serious Diet
rinent will accrue to the company from these
attacks, save in the delay in the fnal adjust
meiit OF the matter, until which final adjust
ment the company caE take no forward steps
III the Development and improvement OF their
property.
You are also mistaken a. TO the terms under
which the company was placed in regard to
the completion of their road to the mouth Of
the Big Sandy. The only obligation under
which they were placed for the completion OF
their line is contained in the second paragraph
OF al ''act to incorporate the Covington and
Ohio Ralroad,'' passed February Goth, 1866,
which imposes the condition that within six
years they shall complete, equip and operate a
railroad from some point at or near Covington,
Allegheny county, Va, and connecting with
the Virginia Central Railroad, by way OF the
valleys OF the GTeeADrieF, New and KanaWha
rivers. at or near the mouth OF Scarey Creek
and thence to the Ohio rtver.''
The fourth paragraph Of IAN act to provide
for the completion OF line lines of railroad
from the waters Of the Chnzapeake to tie OHIO
river" declares
s;fhat it shall be the duty of said company
within six years after its organization to COM
plete the road from Covington to the Ohio
river, in style and with grades and curves
not nfercr to those adopted by q. 3. Fls.,
late chief engineer, Ii his report and pials OF
said work >" and that they may select the
''mouth Of Big Sandy river as the Ohio ter
minus, or may constructa branch OF their road
to both points,
When the company completed their road to
| the Ohio river at Huntington, which they did
eighteen months in advance OF the time called
| for by tie contract. they had fully complied
With the law and the contract in regard to the
completion Of tie road from Corington to the
| Ohio river.
/ l have written this simply because such
statements, unreptied to, are calculated to en-
barrass the settlement Of the difficulties with
Which the company finds itself surrounded. |
will merely add that the people OF Virginia and
! West Virginia. at least, have no cause OF COM
| plant against the Chesapeake and Ohio Rail
road Company, for i'll the completion OF this
road to the Ohio river they have conferred upon
| them boon of inestimable value,
! Your obedIelit servant,
VINES. c. WICKHAM,
Vice-Pres;dent,