Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1848-09-20
4 =. = = :. = '..7ai'E'. -, t,,avlI
duty and the safety OF the Company. at DIFF

proceed with the reconstruction OF the road.
a. an essential element in It's economical
"orhlng' out To contract engagements for
suitable augmentation OF their locomotives
aud cars; aud from the letter OF the President
1 OF the 18th December last. and the report of
the Committee and resolution OF the Board,
i by Whlch II was approved and adopted, it
must have been clearly Inferred that, unless
/ me expenditures on account OF those objects
could BE- provided tor bv the sale OF the Com
/ panys SIX per cent, bonds without sacrifice.
they could only be betrayed by the application
/ oi The receipts from the road. That the bonds
could only have been sold. during the inter.
/ venlng period, alta sacrifice runous TO the
Company, and with manifest iuiustics TO con-
tractors, ana INJURY TO the work in which they
were engaged, IS known to hl. Unless.
therefore, II were possible to provide some
other resource, IT would be- in my opinion.
unwise and improbable to divert the revenue
even 10 the extension OF the road until exis.
unS engagements could be fully COMPLIED
WIN; aud 1t would follow that, without the
and ol temporary loan, in anlicipstion OF
Tue monthly receipts, unless contractors
W0ull agree TO receive the com,,any's
notes or bonds at short dates. or In. Sterling
Donds OF The State, IN possession of the Board,
s9niy be postponed during the short period
IA which the revenue would be required in
liquidation OF the other and equally urgent
engagements While. in INV opinion and
Judging from the receipts OF the present wear.
this postponenent unforeseen and unayoida-
Die as II has been, would not disappont the
ultimate completion OF The work as here tulore
contemplated by the Committee and the
board; and need, in no event, delay the com
meucemeht OF The road more than few
months; and although do not doubt that if
contractors would accept partial payment in
the notes or bonds OF the Coinpsnv. or tho
bonds OF the State. or il Temporary loan
couid be obtalIcd IRON this community of a
sum NOT exceeding $500 900, the WORK would
not be delayed day after the execution of
The coniracls,-l could not effect any insen-
stoIuiy TO a spirltot impotence. which. how
ever unable may be 10 CRAFTY, can have
no olher motive than the success of tne en-
ierpnse and prosperity OF the city To oppose
or eycn regret.
On The Whole, therefore, notwithstanding
lbe dOidlhg confidence / possess Ia the nr,,-
ticabiiiy and the expedency of the genera,
route as heretofore determined; in the ability
OF tue Company by some or all OF the resonr..-
e contemplated by the policy already adopted
- '''S PA 0N"t utItCtivill ana an Tue c"ridlnty
OF the early commencement and seasonabl,
omplstlon n the road. | cannot conceal an
apprehension that, without greater pecuniry
assistance from this community. So yiisny
concerned in ,he cute prise, than have vel
g. son o expect. Il would not be In nIy poy
e. satisfactory 10 myself, to extend the work
ts eNped1loUsly as would seem 10 be demsn-
dcd
Oadcrs such circumstances, il is onl.. main.
Tat That The purpose have so hong reoress.d
suo5id- IN my own mind, become more ca
seni aad il would appear to be incumbent
un4l me at the present last stated meeting Of
ihe 5oaTd, previous to The annual meeting of
TIE oiocH',aideis, publicly aud dednitiyeN to
H..
have, therefore, to acquaint You. gentle
inca, OF my determination not TO contlnu. in
the office OF The President OF The Cou,pspv.
and to request that you would make such ".
engagements as Wouid adult of my retirement
at Tie earliest period, consistent with the bu..
inesa oil The current year. and as would. IN
your opinion produce the least embarrass.
ment % toe iateiest OF the Compan. aud your
own duties.
rendering 70 YOU, gentlemen, my wishes
or the success 81 the graat enlcrwise commit
rd 10 your management, ANA ion lhe pros-
feniy OF the city ia which YOU have so aeep
d stake, | rem4in.
Very respectfully.
Your obi ser'st,
L0US McLANE.