Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1853-11-18
baltimore and ohio adAAppMoa-


baltimore and ohio EaiIIoadA AppMoa-
tion to Council for Five Millions OF
"a S'A@ s''' ., Dollars..
TheBaltmore papers brings us the proceedings
f.an extra session of the Council OF that city on
Monday s1eniue, convened for the purpose OF hear
ing statement and application, by the. President
of the Baltimore and. Ohio Railroad, in regard 10
The 6Hanees OF the Company, and the means nee
sssalv To- the completion of the road to Wheeling
The eonstruc ton of second track as far as Pied
mont, &c. The Sun furnishes the, following edl-
torial summary: -e,5 ,..s-i,y -,..e
THE CRY CoUHcIb-This body convened yes
tar5ay pursuant ltothe call of the Mayor, at7the
instance Of the Board Of Directors u the balIl-
more and Ohio Railroad COMPANY. ,l lns
Ranization of the First Branch, message was re-
oeived nom the Mayor accompanied by a ,docn-
mani from the President of the Baltimore and Ohio
railroad Company which will le found IN anon
er place. This document contains an epP 9ta 70
lie Councils for further aid to the complexion OF
tbs.road TO the city of Wheeling, and the con-
struction Of a second track as far as Piedmont
2iS miles from this city, TO cover the whole me OF
coal transportation. The form IN when TINS ara
is desired contemplates an endorsement oy The
city upon the bondsof the company to the amount
of five millions of dollars, fact which, 1t may De
remembered, we distinctly intlmated early IN tue
fall and for doing which we were gratultously up
braided usual. Inns amount Is hdll LudI VIC
President is instructed to ask "at this present
time' being only so much as is likely to be expen-
dad in the coming twelve or eighteen months. q
The double tack is further assumed to be nee
essaTy, in view of the junction at Cumberland
with the Pittsburg and ConnelsvilleI and atIFet-
teymsn with the Northwestern Virginia railroads.
and Of the increased traffic expected from the com
pletion Of the Central Ohio Railroad to w heehng.
.-lThe appeal is accompanied. with statement OF
accounts for the fiscal year ending September 81,
aEa = that the IL
abilities Of the company are at this time S22,@o4'
33s, 81; which is balanced by assets consisting OF
the road its stock, real estate stock in the Wash
ington Branch road, sinking fund.- and ontstand
The total expenses of the last fiscal year are
81 227 and The revenue 81, o44,4l9; exhibiting
the,prcpoTtion Of the expenses to the earnings 10
be about 60 per cent '7a s'-.-r.'. -. 90,
An estimate of the earnings of the road with
the facilities afforded by the new tack, and the inz
creased business fro m the sources above mention
ed, when all are completed, is put at SS,65O'OOO.
With the working expenses at gu per cent sac
revenue would yield six per cent on. the capllal
and debt of SOC, 600, and a surplus of $780,
100000 to the sinking fund.
Upon this statement the Councils will be expec-
led to act and to determine the character OF ther
response to the appeal OF the company. Is
hardly necessary for to remark that the SUBJECT
involves variety of collateral issues which de-
mand the best use of prudence and foresight IN
giving TO the estimate of the president It's true val
ue.z The Councils have done nothing as yet' the
Second Branch having adjourned wlthoutreSponu-
inkfo tn proposition of the First, and we doubt
not that whatever it does will be the result oil calm
and deliberate deliberations. This is due alike to
the Importance Of the snbjectand the public inte-
rest CONTESTED with the movement.
Mr.. Yickels offered the following preamble and
resolutions, whichiwere UNANIMOUSLY adopted:
Whereas the city of Baltimore has subscribed
90 500 600 10 the stock of the Baltimore and Ohio
Rallroail Company, and now owns 1881 shares OF
stock, received as dividends on the same IN lieu
of cash, and the Sa two amounts OF SUBSCRIPTION
and divide nd re present aS5rc6ate value OF co.
O3s. C0O. ON which the tax payers have a just and
reasonable right to expect regular dlVlde4us nom
the earnings Of the road, now built to the OHIO n
ver at The rate Of at least six per cent on the sum
of S4OsS 900 say the sum of S242, 2SO per annum'
10 meet the interest falling due by the city and TO
tighten the too heavy burden of taxation. on our
citizens; and whereas the recent statement Of Inc
company and declaration of no divided in1lcate
grave doubts of this just and reasoable
being realized in time to come unless ny more
economical and advantageous management OF the
company's business; Therefore be It
ResOEred, That the Directors in the Baltimore
and Ohio Railroad Company on the part OF tue CT
ty be- and they are hereby requested to usesthelr
utmost exertious to introduce system of retrench-
ment of expenses and beneficial reform IN SAID
company, by the dismissal of any supeTnumerary
officers and employees, and TO use wise caution
and economy IN all expenses and expenditures
and In every nossbI form to cnrtail the expenses
where compatible with the interest Of the conPa-
NY so that the interests of our COM
mumity may not be sacrificed for any perSoal Dene-
fit whatever BIG 81. sl -.l-i ~ ~ p I
RssOlped, That said Directors be further request
ed to urge such measures as will tend to deyelope
the greatest possible trnde and benefits to this city
BY the adjustment of the tariff and organize the
transportation business SO as to attract TO our city
all branches of traffic that may be within our
reach. -.
A message was received from the First Branch.
proposing to refer the memorial of the President OF
the Baltimore and Ohio r. R. Co., to a, JOINT spe-
cial committee, which was agreed to and MesSrs
Webster, Vickers and Farlow were appointed on
the part OF this branch. .g,aa-.. a.-as-'a
BANK FoRoERY AT YoRK, PA.-on Thursday
last stranger presented at the counter of the York
fPa.l Bank, two checks amounting TO about $3.50,