The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-01-03
New Opportunities for New England
Capital-Lcttcr from . Richmond
Manufacturer

Eu"oE DoStOH JOufpdt 81 to""e'ct'
A new York bank president observed
some time since that ~ all "good things"
North, East, and West had been captured,
loose capital had now TO turn its eyes to
the almost unoccupied field OF the South
for profitable investment. He was right.
But the first thing to make sure OF was
good transportation for that word and
trade are now convertible terms. The
following will indicate the route from
Richmond southwark, known as the Rich
mond and Danville system, and this Is but
one OF the means now enjoyed by Rich
mond for the distribution OF her goods:
The Richmond and Danville Railroad
Company, with a capital stock OF only
"a, 0OO, 900, controls 2,006.5 miles OF rail-
roads, now In operation, and presents one
OF the most extensive and profitable rail-
road combinations in the southern States.
The annual fixed charges on this mileage
amounts TO 1926 per mile, or equivalent 10
per cent. on $4,000 per mile. The sys-
tenn has al-rail connections north
over its Virginia Midland railroad
which road, under trackage and trafhc
contracts with the Pennsylvania and
Baltimore and Ohio railroad systems,
runs its trains from Alexandria, Va, into
Washington and Baltimore. Its deep-wa-
ter connections are from Richmond, Va,
MA the James river, and from West Point,
Va, ria the York river. 1t owns its own
steamers from West Point and Richmond
10 Baltimore, and has regular steamship
connections from both Richmond and West
Point with New York and eastern cities.
From Alexandria, Va, the line extends
through Lynchburg; from West Point,
Va, the line extends through Richmond,
the two uniting at Danville, Va. From
Danyie the main line extends south over
the North Carolina railroad to Charlotte, n.
c., thence dividing with one line to Angus
In, Ga, and the other to Atlanta. Ga.
The feeders south OF Danville comprise
that part OF the North Carolina railroad
from Greensboro through Raleigh, N. C.,
to Goldsboro'; the Northwestern North
Carolina railroad from Greensboro to Sa-
lem. OF Winston, n. c.; the Western North
Carolina railroad from Salisbury, n. C.,
through AsheviIle, to Paint Rock, Tenn. ;
the Columbia and Greenville railroad,
which connects the two lines south OF
Charlotte bya cross line between Columbia
and Greenville. S. G., which points are
each 100 miles beyond Charlotte; the
Spartanburg, Union and Columbia
railroad from Aston, on the Green
yilh road twenty-five miles west OF
Columbia, to Spartanburg, on the
Atlanta and Charlotte Air-Bine seventy-slX
miles beyond Charlotte; the Asheyille and
Spartanburg railroad from Spartanburg, ,.
c., west to Henderson, n. c.; the Blue
Ridge railroad, which is part OF the Column
bia and Greenville system, from Walhalla
TO Anderson Courthouse, crossing the At
lanta and Charlotte Airline ut Seneca
City; the Laurens railroad from Newberry,
on tie Columbia and Greenyille road, to
Laur,ns Courthouse and two other branches
of tn, Columbia and Greenyille railroad,
one from Hodges to Abbeyille and the other
from Bolton, one hundred and seventeen
miles west Of Columbia, to Anderson Court
house, where il connects with the Blue
Ridge railroad.
The Atlanta and Charlotte railroad has
valuable feeders in the Northeastern rail-
road d Georgia. which extends from Lulu
station TO Athens, Ca, an important co ton
centre. and in the system OF narr0W-gauge
roads touching it at various points, OF
which the Elberton Airline railroad from
Toccoa station TO Elberton, Ga. Cflfty-one
miles), is the most important. The others
are the Lawrenceyille ten miles,, the Ros-
well mine miles,. and the Hartwell railroad
from Bowersville, on the Elberton rail-
road, to Hartwell, Ga, near the Savannah
river.
The Western North Carolina railroad Is
already valuable feeder OF the Richmond
and Danyille railroad. When completed
10 n connection with the East Tennessee,
Virginia and Georgia road, it will open a
new line to and from the West and South
west for the whole territory comprised in
the Richmond and Danyile system, in
cludine large area OF the cotton section,
which has already an established trade WIN
the western States by other roads.
The Richmond and Danville system thus
trayerses the States OF Virginia, North
Carolina, South Carolina, and Georgia, EN-
bradng within the territory covered by IL
the ,ich tobacco and cott0n-growing Sec
ton, of these States, and touching ana
passing through the capital cities and many
OF the most thriving cities and towns oil
eacl OF these States. Besides giving access
TO the extensive territory comprehended
within the limits Of the system Itself II
affords, as Il through route, the most direct
and eligible line Of transportation between
the North and East and the South and
Southwest through Augusta and Atlanta
Ga.
The roads owned and operated directly
bv Ihe Richmond and Danville Railroad
/ Company are as follows:
| Decentralization and Danyille rail
road-Richmond to Danyille, Va, 14l
miles-Belle Isle and Coalfield branches, l:
miles: Piedmont railroad-Danville, Va.
TO Greensboro, n. c., 40 miles; North
western North Carolina railroad-Greens.
boro' to Salem, N. c., % miles. Total, 22t
mills.
LEASED. -Richmond, York River and
Chesapeake railroad-West Point to Rich
mond, va, 80 miles (; North Carolina rail-
ro4d-Goldsboro to Charlotte, n. c., 22a
miles; Atlanta and Charlotte Airline
railway-Charlotte. n. c., to Atlanta, Ga,
PCS miles: branch roads, 70 miles. Total,
sol miles-thus making q grand total OF
| S21 miles.
Roads controlled by the Richmond and
Danville Railroad Company through its
owership Of 81 per cent. OF the capital
stodx of the Richmond and West Point
Terminal Railway and Warehouse Com
pany, which corporation owns and controls
| the following roads:
Virginia Midland NEUTRALITY-SUSPICIOUS.,
Va, to Danville, Va, 1912 miles-brancl
roads. 1888 miles; Western North Carolina
railroad salisbury, n. c., to Paint Rock,
Tenn, 1856 miles; Charlotte, Columbia and
Augusta railroad-Charlotte, n. c., to Au'
gusta, Ga, l9l miles; Columbia and Green
vile Railroad Company-Columbia &c
Grsenyille. 5. c., 143 miles, branches 2:
miles, Blue Ridge railroad 81 miles, Lau
rens railroad 81 miles, Spartanburg, Unior
and Columbia railroad 6S mics; AshevillC
and Spartanburg railroad-Spartanburg, S
C., to Henderson, n. c., 80 miles; North
eastern railroad OF Georgia-Lulu tC
| Afhcns Ga 40 miles Knoxville and An