Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1846-10-17

company, 10 point the attention OF the stock
holders 10 the oeirai and probable state Of the
company arairs. during and at the fermirl-
alto" 81 the year commencing rith the first Of
the present moath.
Tie Board, therefore, proceed TO state that
on account OF the con. rscis Tor the rrcoustruc-
ton OF the thirty miles OF the road, alrrady
explained. there will rrInsin To be psil before
the FIRST vi March next, not less than s2j 900
on account OF new locomotive engines con-
siruc,ing under contracts exeCutrd i'm the
months OF April snd MAY last, aud payable
during the same period. s70.oO0.-ior new
ourthen cars now under constuc ton, $40 900
and for Improvements at the several depots,
o0O0
To these must be added the interests upon
the bonds now directed to be delivered to the
stockholders. and upon temporary loans as
may be necessary TO make in anticipation OF
the revenue. and also the instnllment pa, able
dunne the year TO Messrs. Barring. Brothers &
Co. OF London, estimated together al SO ,OCo
and iormingsn aggregate OF existing engage
msnts OF not lees than ells.000.
IL will be perceived, therefore, thst, indie
pendent ii contingent expenses, such Of rare
~ Tail 10 occur Ia the course OF a twelve.
months operations. the revenue OF the cur
rent year, II IL should be equal to that OF the
past, will be absorbed By debts already incur
red; and, consequently that without disposing
OF The compsu,s bonds to meet the contracts
for reconstruction, IL will be in the power OF
the Board TO make any dividend at the end OF
the year.
IL 10 also TO b. observed. that an amount OF
no, less than $685.. 600 arising out OF these ex
isting engagements, must be paid before the
first OF March next, and not impropably obi
glng tbs Board TO dispose OF a considerable
amour, Of their bonds without regard TO the
state Of the market; in which case il would
h. In ad1 h. lo.s h.. A.
precis,ed sale, 10 the other charges upon the
revenue OF the year. as already explained
IL IL proper, also, IN this place 10 state. that
during the last session Of the Pennsylvanis
Legislature, law was Obtained authorizing
the construction Of a railroad from Pittsburgh
TO some point on the Maryland line. where 1t
might be united with the Baltimore and Ohio
railroad: and. in the expectation that il might
thereby becume AL important lateral connex.
iou oil their road with the Ohio river. the
Board. in the month Of May last. authorized
subscripi ion TO Se made on behalf Of this
company Tor 100 shares. coating, at the par
value. s33 900. in case such smount should
be found necessary 10 secure the charter Of
the Pennsy Company Seven hundred
shares were accordingly subscribed under the
authority 30 given; aud the first instalment,
amounting TO 81 $50, was paid out of the
revenue OF the Baltimore and Ohio Railroad
company.
/ IL il now understood that the Pittsburgh
and Connellsvillc rail road company are desi-
rous OF progressing with their rusd with the
least possible d. lay. aud that they are not
without expectations OF further and greater
assistance from this company. Whatever
may be the result OF these expectations, il is
certain that a compliance with the subscrip-
tons already made. will I've insisted upon. aud
the extent TO which this company NAV be
called upon Tor payment. will be an addition
To the obligations, already explained. To be
discharged from such resources as may be i'm
It's power.
IL would seem, therefore, that without
considerable increase in the business OF the
rosd, or like dimunution in the expense OF
working il. and unless the Board should be
enabled 10 dispose al the bonds. proposed TO
be issued at fair prices. i, is not only proba-
be but certain, that there can be no dividend
at the end OF the current year. bu, that The
also be materially diminished.
SEcosD.-Of the Washington Road.
! The Affairs Of the Washington road are
: shown by the statements L. ana r.
o These statements show an improvement Mt in
) the business, and an Increase IN the reSenu,
DUNG the last halt year, as compared with
b, the preceding six months.
& The net profits. including the surplus of
4 S6,SSS 81 alter the dividend in April last
: amount TO the sum Of SIC, $40 20, OF which
j. the Board have declared dividend among the
n stockholders of three dollars upon each share
s OF stock for the last six months, payable or
n and alter the 18th day OF the present month
and leaving surplus of ell ,076 20, 10 b,
II carried to the account OF the current year.
d THiRo.-Ot the further prosecution Of IN
y road 70 The Ohio river.
J. Important as a judicious and economica
II management OF the existing work may be
J. aud necessary a. IL undoubtedly is, by all tn,
>, means al their command TO deVelope and ex
lie tend iis present resources. the Board continu
* TO regard the early prosecution aud final com
lie pielion OF the road 10 the western waters, a
= their great and ultimate duty.
~ Considered IN reference to the magnitude
Is oil the enterprise, or 10 the effects which ma
n be expected from its judiciuus location an;
II successful completion, the Baltimore and Obi,
Railroad 10 iniefioT 10 no work OF internal i'm
J. proVenlent IN this or any other country. Tha
81 Short aud cheap route between the states o
r Tie middle aud southern valleys OF the OhiS
- aud Mississippi, and the Atlantic markets
may oe found by a line from Baltimore Il
l. more than one point on the Ohio river, is no
to he doubted; and, IL is equally clear thai III,
,e route to which preference is ultimately Il
Z De gwen must b. ina great degree deter
" mined by IT'S connexions with the western
II country.
). The line. which will be the most desirable
10 aud shord the greatest facilities TO the iaTses
portion OF the population of the Ohio snc
& Mississippi valleys, aud mainiein the mos
II successful competition with riysl works seek
l. Ing the same object. ought to be preferred b,
2 all; and, ia this view. important as the worI
e may be to Baltimore. IL is not likely 90 be en-
- timated less by all the states on the Ohio'sn,
rs Mississippi valleys. BY consulting the inter
ID ests OF those states. their cooperation ina,
IN be reasonably invoked, and time and the .'e
" veloPmenis constantly ia progress may be e1
~ Pecied at no remote day to triumph over al
1t The obstacles which have hitherto regarded ID,
n enterprise.