Virginian in 1912--Bonds

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Bluefield Daily Telegraph
Sun., May 5, 1912

VIRGINIAN WILL ISSUE COUPON BOND MORTGAGE
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Believed There is Plan to Extend Line to Cincinnati For Western Outlet
     Norfolk, Va., May 4--An ambitious plan for the development of the Virginian Railway is foreshadowed by the action of the stockholders at their meeting here today in authorizing the issuance of a coupon bond mortgage not to exceed $75,000,000*.  Of the proceeds of the issue about two-thirds, it is said, will be used for improvements and extensions.  The Virginian Railway was built by the late H. H. Rogers and is still controlled by his estate.  Its eastern terminus is at Norfolk and its western terminus at Deepwater, W. Va., where it connects with the Chesapeake and Ohio.  It is believed to be the present plan of the company to extend the line to Cincinnati in order to obtain a western outlet.
    *The second digit from the left was indistinct, but appeared to be either a "5" or a "6."
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Gordon Hamilton
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