The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-05-22
The Richmond and Allegheny Railroad
Consolidation.

r,o minors which have been sfoat Tor
.oyors, weeks at last took definite shape
In the telegram OF our correspondent from
New York yesterday. The Richmond ana
Allegheny Railroad Company took posses
sion Of the old canal Just fourteen months
ago. Twelve months ago the WORN was
fairly under way, aud now 1t has iaio us
track for us miles. AID expects 10 MAXI
;be finish az the rate OF two miles Jay
Tn week the ears will be loaded ~ tue
basin, IN the heart OF the city namon'o 'ne
trains will be passing TO Lynchburs; anu !"
tue months the great work will be done
moi IN twcnty.six months as provided, out
IN sixteen months from the day the deeo
WIS executed the conditions Will DC iu,'
filled. The wonderful rapidly OF tnls WON
has been startling enough, but oeiore II 70
dane we learn that another aud greater
nroiect has been undertaken-that this u
no, 10 be a local road,o or even mineral road'
hut mart OF great through line That IN
eighteen months will connect Richmond
with Toledo, and Chicago, and st. LOUIS
Tine contract which is reported between the
Richmond and Allegheny, the Atlantic
and Northwestern, and the ONO CentraI,
will place under one management inc
two thirds completed between Richmond
and Toledo, and will place under
i;s control an entrance 10 chicago.
The lines so controlled will have the
minimum grade, will be bailt OF steel rails,
and will be thoroughly equipped, and will
PISS through three great mineral districts
the Hocking-Valley coal.fi furnishing
heavy tonnage 10 the lakes; the Great IA
nawha coal.feld, furnishing tonnage TO lhe
sea; and the great iron-belt through whlcn
i, passes for one hundred and fifty miles,
furnishing tonnage both eastward ana
westward. Ii also will receive heavy TIL
butte from slate quarries and granite quar-
rcs and forests.
The new company will own large tracts
in Ohio and West Virginia and Virginia
aud viii undertake large development and
colonization projects. 1t expects to make
Richmond a great seaport, and to supple
nent the grain.clevat0rS at Toledo ana
Chicago with elevators here. Ii the work
now undertaken is prosecuted with the same
y,aor that characterized the work now 1n'
ished. the whole line will be open during
next year. What tins means for Richmond
no prophet need tell.
Our people, without comment from U.s.
will feel its far-reaching significance
Within a week the surveys Of the in,erme'
diats district VIII be commenced, and the
rival routes will be compared. Our Kama
VIVA friends will see IN the Richmond, To-
ledo and Chicago, and our Guyandotte
friends will see in the Atlantic and North
western, a possible way by which THIS
great line may pass their dOofs'
We understand that the terms OF the
oscillation. which are not yet made
public, provide justly for all interests.
There has been rapid advance in the
stock of the Richmond and Allegheny in
the prospect OF its near completion; but
that stock represents an actual CASH outlay
OF twice its volume, and although much OF
This outlay is unavailable for railroad uses,
mos, Of il 10 connection with the railroad
becomes diydend-prOducing.