Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1853-02-15
RAIL ROAD MATTERS.

PARKEnsBuno RAIL ROAD LoAN-rhe loan of
two half millions of dollars, in aid of the con-
struction of this road we observe is to be negota-
ted in New York by the House of Duncan, Sher-
man & Co., who will receive proposals until noon
on the first of March next. The loan will be on
the coupon bonds OF the Northwestern Virginia
Rail Road Company, Gin sums of $1,000 10 $500
each, payable on the first day of Jan larry, in the
year eighteen hundred and seventy-thr in the
city of Baltimore, with interest at the rate six
per cent per annum, payable half yearly on the
first OF January and July, also IN said city. One
million and half of said bonds being secured by
the endorsed guarantee of the Mayor and City
Council of Baltimore, and the remaining million by
the endorsed guarantee of the Baltimore d Ohio
Rail Road Company, and convertible into the stock
of this Company. par within FIVE years from the
LIST day Of March next. No distinction will be
made by this company between the bonds on nc-
count of their respective guarantees Persons
bidding for given amount will receive sixty per
cent ofthe bonds guaranteed by the City, and for
ty per cent of thuse guaranteed by the Baltimore &
Ohio Rail Road Company. and are requested to
give for them accordingly, as neither class will be
issued separately eE- -rH.s.s 81. ...1.-.
MOBILE AND ONO Rail. RoAD.-A dispatch from
Columbus, Miss states that the required tw thirds
vote in favor of subscription toward the conslruc-
ton of the Mobile and Ohio Rail Road, has been
cast, and the proposed sums of 100000 to the main
line, and SIS, 900 to the branch, accordingly
voted. -f .-.....-
VIRGrNIA.--In the Richmond House of Delegates
on Monday, says the Richmond Times, the Spea-
ker in compliance with memorial from the citi
zens ofAlexanlria, proceeded to appoint commit
Tee to enquire il any fraud mas been practiced
when the Baltimore and Ohio Rail Road Company
obtained their charter for right of way through
Virginia. The Speaker appointed the following
gentlemen to constitute the commlttee-Messrs
Massey, Russell, Jackson of God, Wallace, Daw-
son, Speed. Dunn and Bennett.
In the Senate Of Virginia on Tuesday, on mo-
ton of Mr.. Thomas, the resolution concerning the
Baltimore and Ohio Rail Road Company, was CT
1ered to lie on the table.
PENNsYLvANA.-The Lancaster, Pa, Wing. of
Tuesday, says
The announcement OF the settlement of the diff
culties between The Central Rail Road Company
and the Canal Commissioners proves to have been
premature. An agreement of the kind stated was
made between the Central Company and Bingham
4 Dock, but the Canal Commissioners have de-
clined to ratfy it, and still hold the latter to their
contract. .--...
SUBSCRIPTIONS TO WESTERN RoADs.-At the
meeting of the Pennsylvania Company
MIR. John b. Myers offered aresolution, which
was adopted that the Pennsylvania Rail Road Com
pany subscribe for 5000 shares of the stock OF
the Marietta and Cincinnati Rail Road, provided
that Pennsylvania Rail Road stock be taken at par
IN payment, and that the Marietta and Cincinnati
Rail Road Company pledge themselves not to dis.
pose of said stock under par without consent OF
Pennsylvania Rail Road Company, and further that
Marietta and Cincinnati Rail Road Company pledge
themselves to pay at six per cent interest stock.
n resolution to subscribe the sum of $500, 600 TO
the purcha of stock of the Ohio and Indiana Rail
Road Company was then adopted.
a resolution to purchase stock of the Springfield
Mt. Vernon and PittSburg Rail Road Company TO
the amount of 500, 900, also adopted.
Pacific RAIL RoAD.-The Company which has
taken this title, and is petitioning the New York
Legislature for charter. appears TO be somewhat
singular affair. Among the names Of tue corpora
tors are those of Peter Lorilard James Boorman
and John David Wolf, of New York City; but these
gentlemen deny any knowledge of the proposed eI.-
terprse, and state that they have not authorized
the use of their names, and wish item withdrawn.
Among the arguments used in favor of the corpora
ton, was, that the names of the corporation repre-
scented aggregate wealth of SEQ, 00U, 600; but
these were among those relied to swell the amount
it would seem likely, as the Journal of Commerce
observes, that only few Spectators are at the
bottom of the whole affair. If the company which
Congress is urged TO incorporate for the purpose Of
building the Rail Road be the same body of men as
this, the matter ought TO be looked into straight
way, This seems like daring land speculation.
The Journal of Commerce locks upon the charter
which has been sought of the New York Legisla
ture, as recommendation 10 be used i'll lobbying
at W aShington.
ar. n. toc IL