| OCR Text |
Show TItlSrONriM:.NTAI. KIILHOvD lroeettl or the l'rojeetetl Vrit line Iiinl nt Vnlilnj;lon. Washinoton, June U The prospectus of the newl.) projetteil transcontlneuhtl railroad lias just been issued in this city. The name signed to It is Tliomai Green. The road is to l called tho Vlrglnii, Missouri .V irginia. It I to run from Norfolk, a., througli Virginia, Vir-ginia, fTenms Kentucky, Missouri, Mis-souri, Arkansas, Indiin Ternlory, andTexatto Iscilitia, K.M., where it will mako connection with the line running to ban Francisno. According Ac-cording to the nropcctu, a t rehni-Inary rehni-Inary urvey has hetn made and the calculations show that Hie whole pn ject is to cot ST0,fXK),003. 1 he intention Is to have the main line In oieration from Portsmouth, Va . to lJelnr.unt. Mo , within three years trom next January. All loads are to lw secured by one nicrlgtgc on all the present and future proper! prop-er! v of ths company. A new line of fast steamships Is ta run in coujunc tion with the railroad from Norfolk, Va, loMilfonl llaven, Wales, the nearest English port The road Is to cross twenty -two other roads almost at rlht angles, with not a single parallel lino with in ono hundred miles. The company com-pany Is Incorporated under an act of tho I.egls.!ature of Tennessee. The company U to have a bonded debt of SV..OD0 il The principal and Interest of these Iwnds are to be guaranteed by a nch gutrantec company, to be incorporated by a bill now before Congress, nnd bonds will be issuej from tims to time as funds maj be required for construction, construc-tion, equipment, etc. |
