Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1881-03-26
PROGRESS Of the 8. v. IL. Il.

The following articles which we clip
from some of our exchanges tell Of the
wonderous progress of the 5. '. X. L.,
and its additions, and which, combined,
including its business proportions, will
render it one of the most gigantic thor
oughfares upon the continent:-
The SHENANDOAH VALLEY Road
On Friday last, the 18th, the track-lay-
inc on the Shenandoah Valley Railroad
was completed to Luray. A distance
Of eight miles yet remains to complete
the gap now existing between the two
ends OF the road. In the course OF two
weeks from the 18th, this gap will be
closed and communication be opened
with Waynesboro, Va. After short
time devoted TO ballasting, which will
be accomplished at the end of three
weeks, through trains will be run from
Waynesboro', Va, to Harrisburg, Pa.
A letter from Mr. Clarence II. Clarke,
purchaser of the Atlantic, Mississippi
and Ohio Railroad at the recent sale OF
that property, written to the editor OF
the L ynchburg (Va) News, states that
the question of the extension OF the
Shenandoah Valley Railroad from
Waynesboro' to Lynchburg is receiving
due and proper attention at the hands
of the authorities Of the company.
REPRESENTATIVES. OF THE ATLANTIC,
MISSISSIPPI AND Ono RAILROAD Con-
pANY.-A scheme for the organization
of the Norfolk and Western Railroad
Company, formerly the Atlantic, Mis-
sissippi ard Ohio, has been issued.
1t provides for S3,O000OO of common
stock for SIS, 100000 preferred six per
cent. stock and S1l, 100000 of six per
cent. ffty-year gold bonds. About
S5,OOO,000 OF the bonds are retained
by the trustees under the mortgage to
provide tor the underlying divisional
bonds, the remaining S6,OOO,OOO with
the preferred stock being sold to pro,
vide the purchase money of the road
and for bettermeuts. The bonds have
been sold to a syndicate, and this, with
the proceeds of 1875, 900 shares preferred
stock sold at 30, secures the success OF
the enterprise Il is stated that the
success OF this negot ialion iusures the
prompt completion OF the Shenandoah
Valley Valley Railroad TO an intersec-
with The Norfolk and Western, and the
gap OF ninety-three miles will be built
during the current year. AS soon as
the roads are united they will be run in
harmony with each other. This will
bring the Norfolk ard Western Rail
road within 250 miles of New York
city, the northern terminus being Ha.
gerstown, at which point it will con
meet with the Cumberland Valley, one
of Che branch roads of the PennSy lvania
Railroad system, and over the latter
system it will reach Philadelphia and
New York.
A correspondent Of the Baltimore
San writes from Philadelphia: "Mr. +,
w. Clarke, one Of the purchasers OF the
Atlantic, Mississippi and Ohio Railroad,
states that il is the intention Of the new
management to build branch lines into
the bitumnous coal fields OF West Vir-
giuia, and thoroughly develop those
mineral beds. Extensive coal wharves
will he built at Norfolk and that place
made a coal shipping point a new
line of freight steamers will be put on
between Norfolk and Liverpool express
ly for the shipment OF cotton and cattle.
Mr. George F. Tyler, wealthy capital
list of this city, will be made the presi-
! dent of the Norfolk and Western"