The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-12-31
Chesapeake and Ohio Railroad.


Richmond, Va, on Wednesday the 23d. The
report Of Gen. Wickham, the yice-president
| of the road, shows its earnings for the year
ending September 80, 1874, to have been 81
4eO, lS9. 93; expenses, 81, PA, $40 4S-net earn
ings, $245, s49.45. The increase of earnings
over the preceding year was $249, 6s1 .21. and
the increase Of expenses 1854. 640.47, showing
the expenses to have been S3.l6 per cent. of
the earnings, Both the president and vice.
president strongly recommend the prosecution
Of efforts looking to rail connection west of
the Ohio river.
The committee to whom the reports were re-
tcrred, reported back resolution, which was
adopted, requesting the board of directors to
use all possible means to secure the speedy
connection by rail of the road with the cities of
the West. The following gentlemen were
elected directors for the ensuing year; C. p.
Huntington, A. A. Law, w. II. Aspinall, D..
Stewart, James G. Clark. w. B. Hatch an;:
VIM. Whtewright, Jr., of New York; Pliny
Fisk, of New Jersey; H. c. Parsons, of West
Virginia John Echols and Williams C. Wick
ham, OF Virginia.
| AL IIiio SCRpCStWn We SttE Vie 1OllOMlDO
statement from the Richmond correspondent
of the Baltimore Sun:
/ ''fhe Chesapeake and Ohio Railroad Compa-
ny have not yet been allie to master the tiral,-
cial difficulties with which it has been beset
since the great panic of last year. AT the an
nual meeting Just held here, it was authorita-
lively stated that it would be impossible for
the company to proceed with any assurance of
success unless all the bondhOldcrs agree to
fund their bonds as proposed by the board
The board OF directors are now seriously enter
tanning the thought of disseminating the
! through freight and passenger trains which
have for some time past been run with the
hope OF building up profitable Western trade.
But as there are no rail connections beyond
Huntington, as the Ohio river is not always
full of water, and as boats cannot always run
and as the Baltimore md Ohio railroad is All
active and irrepressible competitor, the Chesa-
peakc anu Ohio Company has fou,u. that these
through trains do not pay. Mind, it has not
been determined to stop these trains, but the
matter is being seriously considered, General
Wickham, the vice president, says
Vi course no appeal of the press in the local
tiles directly interested in the successful opcr-
alton. Of this great improvement could effect ii
benefit at this time. We have, however, an
implicit faith in the final extreaton of the road
from its present endorsements. There is TO
enterprise ON the continent that has more in
trfnsie merit, and whose eventual destiny is so
full OF great results. Sooner or later its west
ern connections must@be consummated and
when that is accomplished, the incompatible
trade and travel that must, by the law of gray
ltation, seek it as a carrying channel, will aug
ment its revenues to almost fabulous proper
lions. There can be no formidable competitor
for the business that will naturally flow to it.
Its terminal points, with their connections
completed, its geographical position, linking
| the Atlantic and Pacific in an almost direct
line OF communication, encountered at almost
every section by a developed wealth unprece-
denied in the annals of railroad ENTERPRISE
must make it the great rail line of the country
No existing complications can compromise its
grand future. That must be intimately asso-
GATED with and inseparable from the growth
and progress of the nation. it may be cloutled
for the time being, as many other important
improvements are, from the reactionary effect
OF the financial crisis that has visited the coun
try. But there can be no permanent paraly-
Sis to Its progress-no insuperable obstacle to
the contamination OF its nationa! usefulness
The necessities OF trade will force the compile
ton OF all its important and ntcrlacing con-
| nections, until it shall bind in -unbreken bands
the extremes of the continent, and the brave
struggle the present management is enduring
with adversely shall be crowned with the frui-
tons Of an imperial triumph.
DISCHARGES FROM THE TREASURY De-
PARTMENT.-The transfer of the printing OF
the internal revenue stamps from the Printing
Bureau OF the Treasury Department to a bank
note engraving company in New York, render
ed unnecessary q large portion of the force cal-
ployed i'll the Bureau, and a heavy discharge
OF employees has been for some time snticipa-
ted. The discharge took place Saturday, and
in ordor to avoid the painful scenes which have
heretofore occurred in the department, the pa
Pers of dismissal were mailed to the rnfort,l-
mates at their residences. The number dis
missed was four hundred, large proportion of
them being ladies, upon whom the loss Of en-
ployment will fall with great severity.
The government and the loyaists in Havana
vi SCafeS over The Ue
signs of the insurgents. The Diario give some
hints concerning scheme by which new fill
clustering expeditions are to be startedout from
the United States, and efforts to procure the
recognition of Cuba are to berenewed ut Wash
ington snder the influential patronage of Col |
lector Casey Of New Orleans.
Theodore Tilton Is ont in a card in reply to
Mr.. Beecher's recent article in che Christian i
Union. Mr.. Tilton complains that Mr.. Beech
er has defeated him by legal bubbles, and made
the proof of his alleged guilt impossible accord
Ing to the conditions now existing. He chaI-
lenges MFR. Beecher to bring up Immediately the
libel suit against him, in order that the CUES
ton Of truth may be at once and definitely set
tied.
New YORK CITY.-rhe appropriations for
the municipal government of New York City,
for the next fiscal year, are in round numbers.
only 1914, 100000. When it is remembered that
that city is under Democratic rules is it not a
lair indication of what the party wolfe: do had
5hey control of the general governments
The Macon (Ga.) Telegraph says the.testinao-
ay is concurrent that a larger area has been