The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-12-11
A Practical Mans Views.

A Practical Mans Views.
Gen. NJ. E. Ingalls,, President of the
Chesapeake and Ohio Railway, is very
practical man, and has practical,
pointed way of saying what he has to
say. When in Richmond last week he
was asked by reporter of the Dispatch
what be thought of the ''booms" in Vir-
ginia. His reply was that he had mo
doubt they were substantial and would
last. The people of Virginia are waking
up now and realizing the advantages
possessed by the State"
In reply to question as to what were
the plans of the Chesapeake and Ohio
regarding the construction of IL branch
line leading to Washington, Mr.. ingalls,
said that his company were now in ne
gotiation with the. authorities of the
Virginia Midland road and that they
would probably make arrangements to
run their cars over that line. In fact,
the negotiations are about concluded
and the lease is to be in perpetuity. Be-
ing asked if the Chesapeake and Ohio
had decided not to build Washington
branch under the charter granted by
the General Assembly at it's last session,
he said: Ives, we found that it would
cost a good deal to construct line of
our own. We found, moreover, that
any line, we might build would practi-
callys parallel the Virginia Midland.
That, you see, would hurt the Midland
and would be hard for us, too"
The successful railroad president sta
ted that Gordonsville would be made
the connection point instead of Char
lottesville, and in explaining this he
said: WELL the distance between our
line and the North is about the same
from either point, and in running our
passenger trains over the Gordonsville
branch we can develop a good section
THAT'S now being neglected. This will
be good thing for Richmond, as it will
enable the people between Gordonsville
and Orange to make close connection
with this city"
Speaking of the condition of the mon
ey market and the financial outlook of
the country, Mr.. Ingalls, said 81 was in
New York yesterday, and the money
situation was improving. / am always
inclined to take bright outlook and do
not feel uneasy about the future. Much
will depend, however, on the balance
sheets at the end of the year. If the
country can tide over the money strin-
gency all will certainly go well. Good
exhibits OH December 31st will make
fiourishing business next season. An
immense volume of dividends will be
paid January LIST, and this, of course,
will help to relieve the money market y
of Gen. Ingalls, views, both as to the
booms and the money market. What
are called booms in Virginia are simply
an awakening of the people to the
wealth they possess, and which has
heretofore lain dormant. Its develop
ment has just commenced, and another
decade will show such gigantic strides in
the direction of increased riches and
such q condition of material resources
affecting the future, that Virginia will
be counted one of the most affiuent and
attractive States in the Union.
The money market, too, will ease uE
after the 1st of January. The interest
and dividends that will be then PAID
will seek new fields of employment. The
mineral properties and industrial pro
jects in Virginia will command much Of
it, for it is here where it can be most
profitably used. There is a solidity and
certainty in such investments and al
assurance of good returns, that capital
will not hesitate to seek them. We look
for remarkable activity in industrial
lines the coming spring, and large opera
tions in mineral lands. Our own people
however. must be governed by con
sentative policy-turn from mere specu
lative projects and SO adjust their ener
gies and means as to inspire confidence
at home and abroad. All will be vel
with us when these conditions are OBJ
served.