Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1852-10-22

Grave Creek and the Wheeling Tunnels; and with
the cooperation OF the city OF heellng IN relax
ing the restrictions of the charter, requiring all
parts the road from the Monongahela tobe open
ed at the same time both passengers and mails may
be placed uponia footing as favorable as that oil
any other road connecting with the sea-board. -,
:. Offhe Fiaanees.-The Treasurers exhibit VIII
show that there has been expended, upto the close
of the frcal year, in the construction OF the ROAD
Yves, of Cumberland, including interest on capital
1921, 1872, ST. every dollar of which, with the eA-
ception of S275,4l6 Sc, of notes outstanding, has
been provided during the progress OF the work
Under the arrangement adopted by the Board,
wh hen the excess in the cost OF the work shall Lave
been funded, the road will then commence its op-
erations, with about sl,ooo'oOo oil hoa,ing dep.,
contracted for engines and cars and distributed
over period of three years from the first Of anua
~ next the period at which the road is expected
to be opened to the Ohio river. ...-.,
Thcboard having abundant reason to rely upon
a vastly increased trade on The completion OF their
work. Their effort has been to avoid unnecessa-
~ pressure upon the limited capital and resources
of this community aud to draw upon the results
OF certain and overwhelming trade, for the equip
ment necessary for It's liberal and ample accom-
mediation. G,
Sufficient is now indicated to show, that the an
nual interest for which this road will be LIABLE IN
Guiding its large equipment nd depot accommoda-
ton, will not exc. ed 5000, 900 per annum
Ofthe amount estimated as debt, nearly one,
half-that is to say, S3,200,000-is perpetual
loan to the Company, not redeemube until leso,
and then by the State OF Maryland, TO whom TINS
Company will be sponsibte for the interest; sol
that in fact the amount of debt for which PROVISION
is to be made by a sinking fund or otherwise, is
about $4,000, 900, exclusive of excess in cost OF
road, viz: $3.50, 666 81, payable in %, 3, and
years, from the LIST of January, 1855, and the bal
lance in 1867, 1875, and 1850 r...r..E RI
1t is confidently expected that the transportation
OF the mail, al the maximum charge OF S3Uu per
me-equivalent TO $4,000 per annum and the
revenue arising from express cars, running IN con
nection with thcpassenger trains, Will pay the m
terest upon the UOO Sterling BONDS OIL tic
State of Maryland. a
Upon the whole, the Boprd see no reason 10
doubt, from the high credit the Company enjoys
and the extreme caution which has always govern
ed their financial policy, that with the realization
of the results confidently anticipated on the COM
petion OF the work, they will be able to meet all
their expectations.
The stock of the company has advanced from %
to 95 per cent. And her bonds which were unsafe
able to any large amount when the road was placed
under contract are now in request at fraction be-
low their full par value.
The report concludes with reference 10 the
western connexions of the road.
throughout its entire length, and is expected TO be
in operation at the earliest practicable day The
importance of this line, and its early completion TO
the city of Baltimore, cannot be too highly estlIla-
ted Tie most friendly relations continue to exist
between the two companies and 1t will be the III
terest of both herea to conduct their operations
in such manner, as to afford the strongest e,npta
ton both to passengers and tonnage. Win TINS
line complete, the city OF Baltimore Will be within
&c hours of Cincinnati, at rates of speed FAR below
the maximum which has been adopted on the other
routes.
| From Cincinnati there are two lines projected
and locking TO Il junction with the Ohio rlver, al
or near Parkersturgh Since the date OF the last
annual report the effort then making to divert one
of these lines from It's original destination at Bel
pre-, the terminus of the North Western Road, by
subscription conditioned upon change oil It's cor
porate name has been successful. A glance at the
map will show, that while the abandonment OF the
original plan TO nlersect the Ohio river at BepIe,
as leading and paramount object, has accomplish
| ed comparatively nothing as to distance, IN the
approach to Marietta-the newly adopted terminus
the chasm which it may leave to be filled to Sc
cure a conneXion with the North-W estern Road.
must operate injurously as to any Immediate results
which may be expected TO flow from its early com
| pletion.
| If the Cincinnati, and Marietta road, should adj
vance with the apdiy that we are led 10 DeileSe,
the necessity for a branch to Belpre, to connect
with market one hundred miles nearer than that
which they are enieavoring TO force, Will become
50 urgent, that it will be difficult TO retaTd II, even
until the completion of the main stem to Marietta
| This company must continue to regret the exist
ence of state of things which they have had no
power to control. The desire Of the city of Balt-
more has heretofore been, to connect herself with
all roads; she has labored asSuouSy to secure the
charter which now holds out such decided advan
tages to the Southern parts of Ohio, including Ma
retta, over their more northern rivals; and she can
never cease in common with tins company, to view
with surprise, the plans which have been heretofore
announced by the Cincinnati and Marietta Co.
| The Board would point to the well known fact
| that Cincinnati is nearer to Wheeling and Phila-
delphia by the Circleyille and Central Ohio Rail
road, by about eighteen miles, than she would be
via Marietta, the River line and the Hemphed road;
and Chlllicothe, Athens, and all other points upon
the projected line of the Marietta road are nearer
| to the Baltimore market by at least ninety miles
than to Philadelphia by the Hempfeld road. Ma
rietta herself, in fact can approach Philadelphia,
surprising this to be her preferred market, through
the city Of Baitin.ore with the Northwestern road
completely by finished line of railway in about
the same distance as by the projected line with
which she is endeavoring to fraternze. With the
Circlevilie and Ohio road on the one side, comnlan-
ding the through travel against the Marietta and
| Wheeling road, and the Northwestern road on the
other, holding out temptation OF more than eighty
miles in favor of Baltimore, for articles OF heavy
tonnage within the attraction Of Maretta, 10 say
nothing of the almost nominal rates at which the
river navigation would come into competition with
any road which might be located along its borders,
it needs penetration to see that the project OF
road to the Southern portion OF the State OF
Ohio with the city of Philadelphia by the Hempfeld
road, would be utterly fruitless.
| The surveys of Mr.. Morris, Chief Engineer of
the Cincinnati and Hillsboro' Company, lately pub
lished by authority of that Company, have estab-
ilSheu beyond Controversy tiaL ny lar mt shotest
| and best conuexion between Cincinnati and the
Northwestern road, is that which his explorations
| comprise. ".
"Ths extreme southern sweep across the State
of Ohio,' says Mr.. Morris, "enables this line to
electually cut off all trade or travel coming from
the South, and having either an Eastern or Western
direction, for in both directions, it furnishes the
shortest possible route, and therefore, (all other
things being equally ought unquesonably to secure
the business. 1t is through this line that Balti-
more, Philadelphia and New York, will find their
shortest and best route for commercial intercourse
with Kentucky, Tennessee and the Great Vest
In the meantime, this Company have the reliable
Company desire, for the present, to unite with the
Cincinnati and Hillsboro' Company on terms which
may be deemed just and equitable, and which may