Huntington advertiser. [volume] (Huntington, W. Va.) 1874-1921, 1874-10-22
Chesapeake and Ohio Rsflrssd'
RICHMOND, Va,
Oct. 10th, 1874.

! Eds Richmond Whig:-An edito
rial in your paper to-day seems to dc
mand some notice at nv hands rs tn,
representative of the Chesapeake 4
Ohio Railroad line. You are mista
ken in supposing there is 4 disposition
on the part of the creditors ''to Grove
the company, and show it very LITTLE
mercy" SO far from such being tn,
case, as q whole, the creditors are act
ing with the EXTREMIST liberality anC
consideration for the company. d
course, as in all such cases, there ar,
some parties who are dissatisfied with
the arrangements proposed, and who
will try to make better bargain fol
themselves than is made by others,
and will therefore attack the man
agement. But as their success in
breaking down the company would
efectually destroy the claims on the
property of the company of all others,
save the first mortgage bondholders,
and as considerable majority OF the
first mortgage bondholders have acce,
ded to the company's proposition,
which majority is being daily in
creased by the assent of other bond,
holders, it is not believed that any
serious detriment will accrue to the
company from those attacks, save in
the delay of the final adjustment OF
the matter, until which final adjust.
ment the company can take no for
ward step in the development and i'm
provement Of their property.
You are also mistaken as TO the
terms under which the company was
placed in regard to the completion OF
their road TO the mouth of Big Sandy.
The only obligation under which they
were placed for the completion OF
their line is contained in the second
paragraph of "an act 10 incorporate
the Covington and Ohio Railroad,
passed February 18th, 1866, which
imposes the condition that within
six years, they shall complete, equip
and operate a railroad from some
point at or near Covington, Allegha-
ny county, Va, and connecting with
the Virginia Central Railroad. by
way of the valleys of the Greenbrier,
New and Kanawha rivers, at or near
the mouth OF Scary Creek, and thence
to the Ohio River"
The fourth paragraph of an "act to
provide for the completion of a. .line
or lines of railroad from the waters of
the Chesapeake to the Ohio River,
declares
That it shall be the duty Of said
company within six months after its
organization to complete the road
from Covington to the Ohio River, in
style and with grades and curves
not inferior to those adopted bye B.
Fisk, late chief engineer, in his re
port and plans of said work y and
that they may select the "mouth OF
Rig Sandy river or the mouth of the
Great Kanawha river as the Ohio
terminus, or may construct branch
of their road to both points"
When the company completed their
road to the Ohio River at Hunting
ton, which they did eighteen months
in advance Of the time called for by
their contract, they had fully com
piled with the law and the contract
in regard to the completion of the
road from Covington TO the Ohio
River.
/ have written this simply because
such statements, unreplied to, are cal
culated to embarass the settlement OF
ths difficulties with which the com.
pany finds itself surrounded. ! will
merely add that the people of Vir.
ginia and West Virginia, at least,
have no cause of complaint against
the managers OF the Chesapeake and
Ohio Railroad Company, for i'll the
completion of this road To the Ohio
river they have conferred upon them
a boon Of inestimable value.
Your obedient servant,
WINS. G.. WICKHAM,
Vice President.