Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1848-01-12

hdy ue proper 10 adj, in this connection that
Hom the nature Of the work. even il the Com
pany possessed the requisite means in hand,
inc road could not b. finished in less than
tAree years IRON the time of its commence
msnt.
I II Will he seen that the scheme now recon-
~ 9dea proposes to apply the entire amount
OF the annual surplus, from the present, aud
.he ne" sections of the extended line, even
though it should involve a suspension OF di
vldends until the final completion of thu work;
anu that consequence is believed to be fully
warranted BY the p4rimouat importance of
The object To he aCcomp ishsd, aud Oh uIti.
mate advantages that would enure to the
tStockhoiders. It any one should entertain an
Objection to Temporary surrender OF the prn-
ats, promising tn b. as great as those OF the
PRESENT unfinished road. it would be only lust
tli proper To consider thal, without the loss
Interest upon capital for a considerable
enSth oi ume. no enterprise OF the magnitude
u ne road to the Ohio, could, under any cir
'ums'ances, be accomplished. II must he re-
uemoefed. also. that as large as the prof : of
ne unfinished road To Cumberland promises
20 be until some rival work springs into com
'etIton, thos4 that will assuredly follow from
NE completion of The road to the Ohio, and
prominently reward the present sacrifice. can
lot iail To be at least double in amount: and
what Is OF even greater Importance. il is to
DE considered ihat il The present road shoold
De arrested at Cumberland. after the rival
work of PENNSYLVANIA aud New York, and the
ciha leading 10 Alex1nlria Shall be compile
tel, much the largest shlre of the present re-
ceIpts-those drrivable from the travel and
produce from OhIO--wOuld be entirely taken
away, and the receipts, in all proba biity. re-
dnced To ID pfecarious dividend. not exceed
ing tour per cent, besides the loss OF the
trade sustained By the city
The operdtioaot the present plan, however,
would nor, necessarily, wholly deprive the
Stockholders ul some equivalent !ordividends.
IN the first place, it would BE- he duty OF tn
y ard, during 'he pro,rt,s OF III. work. to
peraevere IN their efors 10 r5aiza their ex
pectatlons from all thg Ssnrc4 5 AMI b. all the
ads suggested IN the foregoing part OF this
letter, and Wh!teytr sum they received in that
way wouII either di,pci.e with tao applic,,-
ton ut the annual rece pts, aHd leave them
far diHidan Is. or nY ace.leralng The connie
tlol OF the work, so9harput The Stockholders
II P ssessloaol the larg5 profits from Gnish-
Ell ioaj 10 the Oaio. In the next place |
deem II onIy reaa .nuDle-o expect nat lhe in
grease OF capitol and the delivery Of new shares
oi stock to The S,Ockbui hrs, would BE- 8uOs-
uuuon tor profits NOR, than equivalent 10
amy dividend that has hi herlo been declared.
and would. at all lin -, Je more than equal tn
d moletY OF the amounted receipts that Would
be applied 10 the Construction. cannot
doabt. as has been already minated. that
wh'n ii shall satisfactorily appear lllrl with
uut any dependence upon contingent ait the
road " III certainty he finished to The OlIu, in
ii lev YPdtS, the confidence of the nubiic in
tit sure success Ct The enterprise VIII give
do"ncnat Vaioe 10 ne stock, and justify sales
dt much hlSlef rates tll1ii 1t has hitherto at
tdlnTa, II can scarcely De questioned that,
II ''ie d 'dr1 We now N possession OF aban-
can't ine4hs' From IoliIs or ady other resoaf-
'e7' 10 hhiSh lhs work to tie ONO river, IN
'ih0e !tats; t'ie frdi value OF t.le STOCK would
io' u ies' 'ii'iI %f, ami mat sdies could D
S"Se.e" NJ prices mol considerably Below Il:
ana tlihh II ohiy Iairio nier that the same
eoi'o'l't Oh Hii' ItlS VI work, lh)uah re-
4"''!"S some more ll'nt. would give pro
F"f't'HdI Ndlue 70 the slarts. - tar as tins
ftdaeiiihS my De entitled to weight, there
4ofS' auth OF tiie Stockholders as could Not al
'uto 10 fet9ln tAfir add}uohai shares uh;ll al
YER the complexion OF the work, would not
ana 1t difficult To dispose OF them a the in
creased price, and Ii they should sell them
zen az my cent oe'oW HE par. the pre-
" t';e o. 'uFl'eh,'9 would CERTAINTY not be
,F"oteo' DAT lnlsA' be considerably Increased
III ''iat way 'lroto1knot1efs would continue
annually 10 reaiizs dltide"a OF at least from
'i'ee 10 iouf ana ha,i per cent. during the
P'ose'u''oii o' tlie foa' 10 ne oalo' Wneh
,4uio'' Nd'ue Woala u AIDED 10 tllelf o''
would feel no nbl1,I;on 10 @,.' ~ 10;
shre,--;f there h. f,ir ~, " 's,