The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-03-13

COAL FIELDS I & . TO NORFOLK nor 9 I.
Road Being Built for Best Traf-
fic c onditions-No Subscrip-
# tons Asked or Bonds Sold.
(spcclal to The Times ispatcl,.)

@ (speclnl to The Tlmes-D ispatcli.)
| BTAUNTON, VA. March 12.--JThe fol-
lowing Information as to the movements
OF the Ttdcwuter Railway Company, m
enterprise about which mitch has been
said and about which little is known, is
obtained from an authoritative source:
on tho morning OF February 22d. en-.
gineerlng parties numbering near ono
hundred and fifty men took the field, with
complete equipment, along the waters OF.
tho Now and Roanoke Rivers. II, the coun-,
ties OF Giles, Montgomery and Roanoke,
under general directions Of Mr.. y. T. al
moro, OF Tennessee, as chief, and Mr.. H..
Gray, Jr., Richmond man, ns princi.
pal assistant engineer, and proceeded to
survey and locate aline Of railway from
the West Virginia line on New River near
Pca.rsburg to tho Vicinity OF Rounoke
This work has been prosecuted with AL
the dispatch consistent with proper re-
suits. ~
THE CHARTER.
A charter had been obtained on tho
Goth, from the Corporation Commission.
BY Mcssrs Ransom {: Ransom, OF Staun- y
ton, who Dire counsel for the company In
this State. this organization being the
sequence OF investments made In vest
Virginia properties In recent years ny
clients OF theirs. which have nrospered
beyond any expectations under the gene
raj management, advice ard supervision
OF Major William N. Page, ,lot Ansted,
Fayette county. He Is a Virginlan from
near Lynchburg. well known to Richmond
people, where he married a daughter OF
General Gilman, who has worked his way
to the front rank Of his professlo on IN THIS
country as "a civil and mining engineer
and who has perhaps, contributed az
much as any living man to tbs intelllgent
development Of the mineral resources OF
the two Virginsas He Is familiar Tith
railway construction and a operation VI
every detail, and has undertaken TO us
sumo the presidency OF this company, thei
exertions. '5si h
PRESENT ORGANIZATION.
The present a organ zntion consists or
Thomas D. Ransom, president: VIM. Fl.
!.nndes yice-prf sldent; Henry A. Walker,
treasurer, and !. Baldwin Ransom. secre-
tary. These gentlemen WITH Arssto r1nse'
T. w II. Peyton and Charles Nj East.
all Staunton stockholders. composing the
directory for the time being. In aid Of more
convenient corporate action at that point,
which was preferred by parties largely
Interested. as tina location Of the com.
rapy's headquarters. ts5a
X The primary capitalization is only non. i
inal for the construction Of more. than
three hundred and thirty miles OF rail- 4
road, but there Will be no trouble on this
t ~ Il MONEY M, II, 1ENTY, ss n
as needed. No subscriptions are asked
from counties or cities. and It Is not
expected to issue any bondss--al new de- \
parturc In railway building. All constrnc-
ton Is to be OF the best and most suo-
stantial character. much 81 II, py reason
to topog17 phical difficulties, Quite ex.
pensIve. An eighty-hve pound steel rail-
viii be used, with heavy ballasting. The
grade and alignment will receive such NJ
tentlon a. to secure the best roadway for
heavy traffic that can be built. and for
this the route selected affords advantages
SO exceptional that 1t must sooner nave
been made available but for the greater
activity OF conflicting interests and the
magnitude OF the enterprise in ITSELF
For many years the valley Of the tsoa-
noke has been recognized by engineers
as the natural low Grade route from INC
Alleghanies to the sea, rendering prActi-
cable a twcnty-foot maximum, and surn
a road has been the hope OF the South
west, southsidc and Underwater counties Of
virginia for solving tho questions OF
cheap coal for industrial and domestic
uses and easy transit for their products.
MILLIONS IN 1T.
what its construction means 70 the
southern counties OF the State in Inn
mediate expenditure and later develop
ments can hardly be realized. And INC
direct Increase OF taxable values TO the
state may within three years, the tllne
es timated for Its completion ana equip
mcr,t, reach many millions.
THAT 1t also means something 70 lW W.,
established systems Of railway, prnctl'
cally one In Interest, which look upon y as
an invasion OF territory naturally belong,
Ing to then,. especially II the matters -, o.
coal and lumber. appears from the de-
terniped opposition which they have ~
terposed to Its progress at every s'ep'
an example Of which Is no" pei1s a.
forded In tho attempt to block lts pas
an I'd at the city Of Roanoke 8
The capitalists interested have speeh
lassured Of n hearty welcome all through
southern Virginia, and were mu NC. en-.
courugcd by the conservative settlement
of the measures recently pending before
Inc Virginia Legislature, affecting rlgh,s
Of passage md the regulation OF pubic
service corporations, They Wish 70 ua-
here to their route as originally pfopossHea'
H'58TT3 is 1T CURABEE7 II