Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1853-12-06
BA1T1moRn CITY COUNCIL.
Passage of the 5000. 900 by the I'd Rranoi

| a. r
SECOND BRANcT.-Branch met, JOHN u. Seldom
stricken President in the chair, and all the mem
bers present.
to the endorsement OF SIS, 100000 of the Baltimore
and Ohio Railroad Company by the Guy:
Mr. SedenStricker NOV ed the re- consideration oil
The first section of the bill, with view to offer an
amendment; carried.
| He had probably only this amendment to offer.
He supposed tina. So, 000, 900 would be sufficient
:oput the road oil proper basis, SO that it might
pay dividends and go on prosperously wthlts work.
| He would now move TO strike out the worU "tVe''
in the 9th line, and insert the word "ihree" His
reason for this chat the floating and other debts
of the road, up to 1854 inclusive, would be ST.
500, OOO That he supposed could be paid. The
tunnels were to be oGched, and he thought that
work should be done, and that would require an
lexptnditure of 100000, and from what he could
learn about 50, 100000 was all that was necessary
| for the company at this time. 1rtl
| From the report OF the committee, which he had
no reason 10 doubt, the road was nearly ready 10
pay dividend, for the increase OF revenue during
the past three months had been such as to Induce
the belief that the income OF the road for tile pres
ent year would be about 49, 600, which increase
IN like ratio for short time, would enable the
company to pay about six per cent cash dividend
Iupon the capital stock. He thought If the conf
pany wouldtake this $500, 600 andrelIevet the rOad
Of tie debts which now oppresS n,there would be
no ou BIT that il would pay, aud especially il the
nbove which they have heretofore been ~
He knew that some would say that the first mort
gage would have TO be paid, or they couiu not go
INTO the market 10 borrow more money. The pay
ment of that mortgage was not necessary us the
So GO, 5000 would be sufficient. They would be rid
of the notes OIL call, the proniSSory notes, and
other floating debts. Mr.. s. Withdrew S0me ex-
preSSionS made on previous occasion, derogatory
of the directors OF the company, which he said
were unjust His whole course had been for the
safety OF the City of Baltimore, to which he owed
Webster was glad 10 hear then, for the first
time during this discussion, that there was some
reliance to be put in the inegTitY Of the directors
4 the lsilroad company. He knew that hereto-
fore the merits of the matter had been entirely
overlooked, and he Teioiced that legitimate view
was there taken OF the matter. TIE memorial Of
the company was before the Council, AMI they had
not asked Tor any Ia ore than they actually want
ell When the estimate OF the tunnels was made
by the engineer Of the road, the sum of S600, 0C0
would have been sufficient, but NOW it1would re-
Quire St,O00,000. rhenthey were infwantof de-
pots, stations and engine houses. ~ o. -'ts'
Even in this city they had a temporary depot,
and that was not half finished. Then they want
ed depot al WheeIings and perhaps at Cumber-
land, and at other places. II was necessary for
them to have double track 10 Piedmont, and they
needed sideIhgS, both on this and the other side
of that pint. For tue want Of this, theIe was
not an empty train going from this city 10 Wheel.
ing, that was not detained [rom, half to whole
day, and there was not train from that city to
Baltimore, which was not detained from six to eight
hours beyond the time absolutely necessary with
the double track. iAr,double track was wanted
over eve hEulge, and through every tunnel; and
they must be had. The waterstatiohS must be
PVT in proper order Or provision Of fthe charter
might be violated, ~ -.5.,.z -
Ii waslpot iilei floating debt which the Company
could carry that bIoughtthe Company to this Ccun-
cl,, but 1t the necessity of the increased con-
strdctions,I without which there couldbe no hope
Of increased revenues by the roads. The Gonipa.
ny was not the creature of this corpCrclioh, nor
did II come bepgar, for it could pay these debts
without tile aid OF this corporation. II was
work Of the State of Maryland, and intended TO
benefit the whole State, and not particular To-
cdlity. He considered that at hny sacrifice the
road should lie put in q condition to bring every
article of freight that offered. - az rTL
Decided The negative, as follows:
YEAs-MeSsrs. Piesitent, FarlOw, Suter, Rio
"'G NaTsaSfsssr; Fails Gin, webster, vioksrs.
The bill was then put and decided ,afirmativelXa
rs follows; 4.f5s s.a- { grt..a-.va n
YEAs-Messrs. Falls, Gill; Webster, VIckers,
Griffith, SewaTt--6. .Aisl ~ ~ FyIot8 "A
Z NAys.Messrs, President Fatlow. shter, Rich31
y. The Branch adjourned till Monday afternoon a:
6o'clock. qtifa
The following is the bill in the form in which it
passed: ,ssttarr sif;gs ts.g&I ftEsg- Of!
an Ordnance to Guaranty he Bonds oJ de Balfs
more and OHIO, Railroad CompGny. ~
Section L. Be Il enacted and ordained by the
Mayor and City Council OF Baltimore, that upon
the presentation 70 the Register OF the city, either
at one time or Irom TINS to time, OF the Bonds OF
Certificates Of Loon of the Baltimore and Ohio
Railruad Company for sum not exceeding in the
aggregate i've millions of dollars, in sums of one
thousand dollars, and five hundred dollars, payable