The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-11-29
Cheering Event fer VIRGINIA ana los
RichrncIlc.


f,nr rear,ers viii End In oar local COZ
,,,nns mis- morning the reported proceed, !.
s.,nssr, The James River and kanaw pa Ganai
Z rs,,,,any and a committee Of conference o.
p;c,,mond and Allegheny Railrcad Com 1oil,-
.,ary liz which, it will be seen that q basis
81 contract between the two companies was
asreed upon. There are preliminary matters
Is be completed prior to the conclusion q. ana @
sipninr OF the contract, but IL is hardly TO pc
doubted that these preliminaries VIII De sue
cess,ully arranged. The property and iran
chiscs OF the canal company, under the con-
tract, will then be transferred TO the h'cu-
mond and Allegheny Railroad Company,
and that Company undertakes, with Inc
pledge OF ample guarantees, to compsese
and eouip railroad from Richmond 70
the Buchanan and Clifton Forge Iail-
road. with branch to Lexington
in ,,eenty months from the commence
n,ent. which is to take place within thir-
IL DAYS after the transfer by the James
River and Kanawha Company Of its pro.
perry and franchises to the Richnona ai. :,
Allegheny Railroad Company. Inc rasiloao
company, according to the basis OF contract,
aorees to build and equip one hundred ana
civ miles OF railroad within eight months
from the date Of commencemene-nl.s
miles this side OF Lynchburg and nity'siA
beyond that town.
Unuuestionably this is most cheering
event. A railroad along the James-River
valley. that will unite with the Chesapeake
and Ohio railroad at Clifton Forge, ana
thus furnish the best-graded railway be-
tween the Mississippi and the Atlantic tide
in the Union, will be the most conspicuous
and attractive highway for transportation
cast OF the Mississippi. That virginia
shouId have this line, assures her untold
advantages, while it is matter OF gratuia'
ton and pride to us all.
Now, as to the prospects OF maturing the
contract we think there can be no serious
doubt. The Legislature will promptly ac-
cord the needed legislation, for 1t VIII
hardly admit question that can retard us
easy passage.
The Richmond and Allegheny Company
we believe, are as cordial in their accept
ance Of the contract as is the James River
and Kanawha Company. There can be no
danger OF obstacles raised in the Legls-
lature or by either Of the parties
: to the contract. There is a posi-
bility that some Of the creditors OF
the canal company may show some pro-
penslty to excessive exactions or liiloeraiity
that may tend to disturb the contract; but
were they to do so they would seriously ln1-
pair the value OF their own property, while
imperilling the very grandest enterprise lor
Virginia that was ever conceived. Ii every
body concerned in the cd canal should act
upon the principle OF doing the wisest thing
for himself as we'll as for the venerated Com
monwealth there will be no disturbance TO
the smooth passage OF the contract to its COM
pletiou.
This, we believe, will be the fact, and
then for the work:
The guarantee OF the railway company
for the faithful performance OF its contract
is alone an assurance Of the earnestness OF
their undertaking that will Danish doubt;
and once the railroad ts-begun, we shall be
sure that it will be completed.
The corporation of the Richmond and
Allegheny railroad consists Of men OF great
enterprise and sagaeity, and they represent
large amount Of wealth.
These facts are cheering, and to them we
can add what we all ought 10 know: that
the grand and most eligible route which the
company will have acquired at the compile
ton OF the contract is such that there can
hardly be q doubt that it will, attract the
means to build the great work. 1t is the
most eligible line for a railroad east OF the
Mississippi. It has the best grade, and
drains the very finest and most extensive
producing territory in the Union. q
We say the event Of the agreement be-
tween the two companies upon the basis OF
q contract for the building OF the great
work is cheering. Let us fondly hope. as
we have the best reasons to do, that all will
70 we'll and prosperously. II SO, We peo-
pie OF Virginia and we people OF Richmond
will in the space Of two years have high,
way that will redeem Virginia from embar-
rassment-aye, from outrage and oppres-
sion-and give to Richmond a degree OF
opuence and prosperity that the most SAN
gune of her citizens do not now dream OF.
Demoralizing Effects of Suspensions.
The discussion Of the silver question by