Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1840-10-17


Branch has ronir,bu,ed during the year 10 the Treas
ury OF the State one-iih OF tho money received frotn
passengers. amounting To S40396 81. aud alas divi
dend of four and half per cent. S24750. making
total of s650t6 81. and equal 10 thirteen per eent
upon the capital advanced by the State this rad =.
II TO this ne added the dividend from the profits of the
MAJ. Stem II will be that the State will derive
income during thu year upon tho capital by her in
vested IN both roads at present consrscsed moro
thhn seren per cent.
The investment by the State being shewn TO be thus
profitable. appeal may confidently be made To the
public authorities 10 extend reasonable succour the
inieresu Of the other Stockholders. while ut the
time II will advance their own, enable the State
the readily TO provide for the interest upon the
public debt
IKE inadequacy OF the IL at present authorized
upon sorne important articles and especially upon that
OF -four. has been pointed out previous reports, aud
in Official statements 10 the Legislature.
OF tho whole ortntion Of the yonr. ~ 3S3
or 9924l9 barrels consisted OF flour. being an
over the previous year OF 1886 barrels 1857
TONS md it may be here repeated that with oil
my the Company has been able to introduce into the
management Of their road the OF Transporting this
article betrayed by the rate Il toll at present
authorized. which is less than that allow ed. and
instances charged. upou other works. and in other
States.
The ground on which. in the act Of 1897. certain
articles therein mentioned. and particularly -four
exempted from the increased charge authorized by
that act. is not perceived. C-ru IN il is tina, by the
exemption any jusi fair profit upon the employment,
Of the Suites capital. has boen surrendered and in
this branch Of business. her has been that
extent diminished; and may be satisfactorily shewn
that the expected articles be placed upon an equal
footing with the others without being oppressive to the
Producer or manufacturer. and without prejudice to
I the trade OF Gilmore.
sEcosD--As TO the erlensoa IF hts Rood from Har-
per's Ferry 10 CaEa5,rLaad.
Since the last annual report nothing has occurred 10
dscouge the Expeditions of the Board the prose
cation Of This part Of tier work. The advantage OF
the location ultimately adopted have become more
manifest and doubt entertained of the adaptation
81 the read TO high speed aud heavy tonnage with To-
comotIyo engines. On the entire limo tho highe,,
grade Is found IN the frst thirty miles and will NOT
exceed forty feet; AMI in the remaining siry-seven
the grades will not IN any Instance exceed 26 feet to
the mIe.
The curvntures. generally. rnncs at little less than
mile Of radius and although there are a few at some.
thing less Than thousand feet these occur in every
instance on light grade.
The conduct al the contractors generally. in tho CT
ecuiion oi their work has been satisfactorily or the
whole number OF contracts. Amounting 10 one hundred
aud fifty IL has been found necessary 10 re.let only
seven Tor neg misconduct; and in these cases the
re-leIings already made have been effected without
loss TO the Company. The entire fores ut present en-
piIyed may be stated at sixteen hundred men aud Eve
hundred horses.
The general condition and progress Of the GrdIna.
ton hasonTy and Bringing, Eighty favorable 1t
has been the policy Of the Board advance the pnnt.
OF difficulty with greater rapdy. and 10 proceed more
moderately with The lighter paris. 80 as io restrict un
necessary expenditure in all.
Upon the important Ctiun at Haruct's Ferry The
entire work is prpcccding satisfactorily The bea>
outings through the North Mpuuaiu are consderab
advanced anu the deep entertainments at the Opcquau
aud Back Crack as well tho large bridges connec.
'eo WIN Them are ia sinie of great 6rwardne.s
the tunnel at the Doe Gully the heading or eIcsya
Iion OF the roof has reached four hundred and forty
eei M extent. beng upwards OF onc-thIrd of the en-.
IRE length Of the iunnel and the cuttings IN this soc
Ton keep fnce with the tunnoIllng or the heaIing
OF The short tunnel Of thrss hundred feet in length
at the PawPaw bends more than moieiy is already
completed.
Al all the bridges upon TIRE line the masonry il nd
Nanong os rapidly % be desired and the mater
ais tor the superstructnre in Preparation for ercc
ton IN the ensuing snmn 2.
The graduation Of about twenty Of the niney.seve
miles already completed. and Mary mUro sections
vii he com 'eIed within few weeks Or the small
CT bridges eleven ure finished.
OF the cost Of Gra5uation. lasonfg and B,,4g;,y
a revised estimate made BY the Engineers i'm No
vember, 1889 " heh fell considerably bel w. the 81,
nmlic originally submitted the I4Ih FEBRUARY
1888. The revised estimate. with fv, per cont al.
dcd Tor contingencies amounted to Sl.c4lI5 In
a mala
which. dlihOugh 10 embraced work on The Tar.
psrs Ferry section included in the previous es-
mates. amounts in round numbers 10 81 500 0OC I1s.
hy SlDOO0 than the revised estimate OF November
1889 II Is believed that the actual will not e.
coed this last estimate.
The amount Of work done on the L., ins, wa. 1915
oVO' being more than one-half Of the whole. and
leaving TO be done. according to tho estimate an
amount OF sI26 900.
The amount Of actual work done per month NAV
be stated al $4,000 at which rate the q 1dpat;gc
Masonry and Bridging. with the exception Of soma Of
The heaviest sections and bridge ssper.lrncures NAV
be completed or or before the first Of August 1915
onJ these last may also be finished in the month Of
January l6a2.
Should their resources allow The Roard 10 procure
the IrUn and Other materials IN season 10 make sIty
" seventy miles Of railway in the course oflhe v, ar
leil and IL prosecute the remaining thirty or forty
miles IN the spring Of 1912 IL will DO practicable TO
flush the entire work and put the road in operation TO
Cumberland in the summer and autumn of that year.
The practicabilIty of prosecuting the work with
such despatch. Will depend Upot the ability Of the city
OF Baltimore prnctunlly 70 pay hef subscription or
upon that OF the Company to dspose Of the Sterling
10 ds ofihO State upon terms which they nay deem
satisfactory.
The present edvanced condition Of the work hA,
been accomplished lat BY the money borrowed from
she Bank. by the CITY Commissioner Of Finnn e.
through the Company agency. ~. BY the Compa-
D,
iis par value. in 81 hundred dollars or IN
wards as explained in the last annual report Sd b,
TIE direct payment 10 cOntraoor City stock n ia
par value under agreement that IL shall be sold bv
mutual agent and NJ prices to be fixed by the Com.
pany' % 40 to preyefS depreciation IN 10 value Aud
9Th. ny the proceeds Of sales tho FIVE nor cant
Sterling Bonds oftb~ Safe.
Up 20 the resent tirss The payments IT, Civ took
through The medium ofordeu euh ming it, trin,fer
have answered tho purposes OF Ito Con,qny have
proved entirely satisfactory 10 IJ Contractors. and in
mast ins'aIces The proprecr, ofhe right Of WY and
have received general eneouragenent from tb. ,,,n
muniiy 81 larg".
On the JJ,h UlHmo. the payments made through tbi,
medium amounted to ths sum Of sSl5OOO m order,
10 iv commissioners Of stock Of tho following dspo
limitations. VIZ 100 orders 500 each; $4,000 Of FIVE
dollars; $4,000 ofthree dollars: $4,000 Of two dol.
lI- -ni So 1900 ofoas dollar each or the Who'll.
amousi Of orders gwen In payment. ten thousand dol
lars ~ iho'e oi 800 each. have bsen funded.