The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-04-16
canal and Railroad.


ro.aav. u,ll be held general meeting OF
the creditors OF TIE James River ana 'ha''a'
wba Company to consider terms OF ah
agreement with the corporators under the
charter passed by the last Legislature au-
thorizing settlement with the creditors 0.
the canal company and the construction OF
railroad along the Janes-River Valley 10
Clifton Forge.
This is very important meeting, and we
most sincerely hope the deliberations ana
the conference between the creditors and
the corporators may result to the satisfac-
tion 0, the parties, and thus secure the
building OF the proposed railroad. AS that
enterprise is about the most important ever
projected in Virginia. its failure, by disa-
greemens amongst the parties, would De IN
conceivaby to be deplored. -
The property that Will pass into the bands
OF the corporators, should the contract pc
tween them and the canal be concluded by
n settlement with tho bondholders or credit
ors o; the canal, is exceedingly valuable.
and opens a prospect for advantages and
thrifty and ong.coniinued operations which
are without parallel In the Union.
The company has vast field before If,
while the people aud the State cannot fail
to derive incalculable benefits from the road
they shall build. The wealth that will be
pierced and developed by the work viii
steadily increase the population and strength
Of the State. and thus contribute to the
speedy establishment of her pecunlary IN
dependence and opu!ence.
The people of Virginia have learned to
look upon the construction Of this railroad
along James river and through Balcony
Falls and across the Alleghanies TO the Ohio
river as the greatest physical blessing that
could tc given to them. They are right,
and we have done ali in our power to fix
this conviction in their minds. We sincerely
pray that no untoward event may Illustrate
their ardent hopes for the speedy realiza-
ton Of their desires. Warm personal
friends OF ours who have been-wiScly or
not-someH hat impressed with our views,
and inclined to adopt them, have declared
that failure to build the railroad under the
charter that is granted would be calamity,
and so woful 10 them all that they know
no proper atopcmcnt for such disappoint-
ment short OF the banging OF the editor OF
The DISPATCH. That would be fatal day
indeed. We wouldn't mind the hanging so
much il the road could be built. IL we
could swing off in hearing Of the thunder
ing wheels Of the train that thundcred along
IL" cliGs and the graceful cufyes OF the fin
ished railway we would be satisfied. But |
to die before that is fni$hcd-well, we shall |
beg for a respite.
There is so much good, so much human
comfort and welfare, involved in the grand |
railway, that it would seem hardly possible |
that it could be permitted to fail. Most CT
the creditors OF the canal company must |
derive immense advantages from the build
ing OF the road. as will the thousands whom |
they wish well, and who dwell in the happy
country that will be made to blossom as the
rose by the building OF the road. We can
hardly permit ourseif to think OF failure.
But, then, such thing is in the range OF
possibility, and let us consider what conso-
luton VIC should have in that event. Why,
it is already provided by law made to
meet that contingency that the property I
may be sold to other parties. We know its
value and the attraction that it has afforded. |
That it will in that event ial! into the hands |
OF persons who will build railroad along
the river we doubt not.
But let us hope that the way to the ar
rangement and settlement Of the, claims Of
the creditors will be smooth and find no
serious obstacle.
Then indeed Virginia and Richmond
may he happy and all her people rejoice.