Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-12-07
TO USE THE MIDLAND
A LEASE IN peReerWTY BY THE
ctasS4rsAKs AND OHIO
srr. ingalls, Thiaks Virginia Rooms will
Centipue--rhs New Depot and Belt
Line TO 10 BuiIt.

Mr.. M. +. Ingalls,, the busy but affa-
bic president Of the Chesapeake and
Ohio Railway Company, spent yesterday
in Richmond. He arrived in the morn
ing from New York and was at bis desk
in his cosy Office in PAGES Block the
greater part OF the day. MIR. ingalls,
comes to Richmond about once month,
and while be is always busy while here
he finds time for a pleasant word with
oil OF his friends who call on him.
THE BUSINESS PROSPEROUS.
Mr.. ingalls, was seen at his Office du-
ring the afternoon by q DISPATCH re-
Porter and asked II there was anything
OF importance in railroad matters that
drought him to Richmond.
"Nothing Mt all, was the reply.
Everything in connection with our
company is running like clockwork,
and we don't have to sit up at night
bothering about IT, We have as much
business as we can attend 10, and last
November was the busiest month j have
ever seen. and we we're put to less ex-
pense than ever before. too, as no acct
dents at all occurred l have to look
after 3, 200 miles Of road, and / have
never seen the railroad business so good
as it is now"
TER NEW CHESAPEAKE AND OHIO DEPOT.
81 hope said the reporter. "thst
you will not forget the new depot at
Richmond If you are doing 80 well. Is
there any prospect of Its being erected
any time soon ~
"Well," said Mr.. Ingalls,, eve are
still thinking about it, and it will be
built, but cannot say exactly when or
where. Nearly all Of our money now is
being used for the purchase OF engines
and cars to carry on the heavy business
We are doing"
VIRGINIA BOUND TO PROSPER.
Mr. Ingalls, then commented upon the
rapid progress and prosperity Of Vir-
ginia. He said he thought this State
justly entitled to q prominent place in
the Union. as she has unlimited natural
end mineral resources. He foretold
great future for Newport News. where
he thought the harbor was one of the
finest in the world.
THE BOOM WILL CONTINUE.
"Do You think the booms throughout
the State are the outgrowth of natural
causes, or only fever for speculation ?"
asked the DISPATCH man.
81 have no doubt that they are SUBJ
stantial and will last, " was the reply.
"The people of Virginia are waking up
now and realizing the advantages pos
sessed by their State"
Mr.. ingalls, said that probably about |
500. 600 would be spent here and at |
Lynchburg later on. Much of this |
money will be used here in the erection |
OF a new depot and the building of the
proposed belt line to connect the PENN
BulA and Allegheny divisions. No
definite plans have as yet been made as to
the belt line, though the route has been
surveyed. Mr.. Ingalls, said he thought
that work would probably be COM
menced on it about next fall.
THE BRANCH LINZ TO WASHINGTON.
In reply TO question as to what were
the plans of the Chesapeake and Ohio
regarding the construction Of branch
line leading to Washington, Mr. Ingalls,
said that his company we're 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. Being
asked il the Chesapeake and Ohio had
decided not to build Washington
branch under the charter granted by
the General Assembly at its last session,
he said Yes, We found that it would
cost good deal to construct o line OF
our own. We found, moreover, that
any line we might build would practical
ly parallel the Virginia Midland. That,
you see, would hurt the Midland and
would be hard for us, too"
CHANGE IN CONNECTIONS.
The successful railroad president
stated that GordonsviIle would be made
the connection point instead OF Char
lottesville, and in explaining this he
said: "Well, tho 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 good section
that is now being neglected This will
be good thing for Richmond, as it will
enable the people between Gordonsvlle
and Orange TO make close connection
with this city,"
TIE MONEY MARKET.
Speaking OF the condition OF the
money 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 q bright outlook
and do not feel uneasy about the future.
Much will depend, however. on the
bslsDce-sheets at the end of the year.
III tho country can tide over the money
strngeney until January all will GER
tsinly go well. Good exhibits on De-
cember 3lst will make flourishing bust
ness next season. An immense volume
Of dividends will be paid January LIST,
and this. OF course, Will help to relieve
She money market"