Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1853-12-02

other increased facitiesR There ssas pot the
Brightest cause fqr apprehension q fflas'a. and
\, Hs shsa tns sIas u az The ssshle Of the
road no its Opening, pnd i sh9gedFan annual
increase Of u 90 pei CEN hs teitS completion
toits several prints. hA
Wheeling he though presented g2o1g4d IN
River was open one half the year and CLOSED the
other half, but they had the Central Ohio Road,
the Connellsvie road 10 pour IN the products oil
the territory through which they pass, BESIDES
this, it passes through new country. There IS
now net revenue of 81 ,260 900 agai the inter
est, &c. These were facts, aud it any gentleman
would take The tfonble he had they would hnd II
so. There was s2s,9o0 Of g1oqInd rent, besides
600 left to pay dividends. The total capital ex.
pended was $50, lis, 900 Of which the State held
So, 900, 000,9 During the present. year the Ohio
river WAS closed a greater part Of lhe time, ana
Teceiptsyof the road was IS, 000, 600. He ywps
friend TO The road and always intended to be a
friend to it, and he was confident that the road
would pay. this year per cent, next year 6 pc
cent, and per cent ever afterwards This CO c1-
Iation was predicted upon the rate Of thrills OF
which complaint has been made. Now o.,e-hnlf
the trains had to wall on the roadside while the
other half pissed, let this be rertielied Let am
other track be laid, and tunnels arched, and all
other " - - y
not done when the winter comes, the falling Of
the stones from these tunnels will imliIerse the
company in half millontoa million OF dollars
for damages, N5 H!itt Ysi
LET The aid be emnted5 and the revenue of the
road will be 5000, QUO TO 81 100000, and on the
| list of October next there woulds6edividenl of
| to q per cent He asked If there was any imagi. q
nne circumstance 10 prevent the trade oil this rUnd
increasing. With the Parkersburg road, tlls Con
nellsyiils road and the coal trade there was no
doubt there could be no doubt, OF its success
evehif the city had to pay this interest tortwo or
three wears, or il no dividend should be paid Tor
ten years il would result lor the oenelt " ball'
more. Ute taxable property of the city nod more
tIan doubled within ten years, and that !nctenSc
| was owing wholly TO the Baltimore and. ONO Rail
road. The city could not do.without Tue road,E
Give this aid aud there will be profit OF so or 90
| per cent OH the gross revenue. .,,,.,,ss az
! With regard TO the coal trade, It only required
facilities to get it TO market and il would take the
Mace of the Anthracite coal. He did not envy the
noprietorS of the Anthracite coal but he wished
4 The bilunouS coal, the best OF It's KIND ln Tie
| world. 10 hive an equal chance, which il could
not have while tie road was so limited lnls buSl-
ness. The trade of t,OOO,OOO tons OF coal would
I warrant this endorsement. The ceal IS 20 cents
merton in the ground and that is capital, all Tue
rest is for the city, for labor, the mechanic, for the
i commission merchant. This coSl must be mined
at the rate Of three ton per day, every miner has
4 a family OF from one 10 five who ate consumers,
i and their supplies must go from Baliim re. AGAIN,
Hook at the exchange ettgeen New York and Balt-
lmore. 1t is al par. Wepay for our li1erchdhdiSe
with coal, they seIlus meTchandiSe and inke cont
in exchange, all for the benettoi Baltimore. He
/ would say nothing OF the Parkersburg load. II
was not finished, but when hnlSheu must uIlng a.
great trade TO Baltimore. tf, ri ~ 1ftsa
He had been fold that the State of Maryland
fought TO become the endorSer of these funds-that
individuals should endorse these bonds. In an
swer he would say that the state wasindirectlyin'
terested and the city directly interested. Suppose
the road should fail TO pay the interest would not
The State waive her preferred right 10 SllSO00 IN
lterest2 What has she done for the Susquehanna
road? She would do it.. II is asked willy will hot
the individual Stockholders endorse these bondSY
Irrhey do so when the City endorses, they forming
a PORTION of that city endorse Them. keiuss TINS
Implication, and the stock in few days Will IAN
from $50 $50 per share to $50. The interest OF
the CITY will suffer, her commerce will 6e ctlppleu
from which she cantlot recover for Two OF thIse
years. he went into a comparative value vi me
property IN New York and Baltimore, showing mat
the increased value of property in the iormer c'I
and the excess Of rent paid that City arose from
greater trade. He then went into statement OF
the debts of the read and when due, as stated In
the report already published. 49, 81 rs 49,
The road was obliged to make for construction
during the year 1854 an expenditure of So 10000,
which with the means necessary to be used imme-
dately, ma king up TO The end OF the year 1884,
total sum OF So, 100000 onthe first OF January,
1858, withthis relief there will beIqnsactual def=
cit Of upwards OF "a 000, 600, and he demanded to
know what the road could do without all, there
was but one Of two things tobe done, either gr ut
this relief or put what IS equal to perpetual i'm
junction upon the road. Refuse it and creditor
of the rad could attach its property while in NIr-
GINA, and series of creditors could take It alto-
getheI out OF the hands of the city. si =, is,..
Nh Stewart was not in favor OF submitting thls
matter 10 the people of Baltimore for the TeasoH
that they could not understand II in limited
space OF time One question had been submitted
to thenl-s'slIaill we have pure wateP'-bnt the
question was not submitted cat what cost" He
would rather resign than send back 10 the people
] question which they had been sent here to vote
, upon. isa;sse h51p i rlsEf..ries5
The President called mr.. Stewart to the chair.
MIR. Siedenstucker then rose and said that he
would not think Of passing this bill without anep d
ment, and without submitting it to the people. He
was not afraid 10 trust the people, and when Mr.,
Webster said he was friend of the road, the emo
ton that thrilled his heart was that he loved Bal
timore n1Ore,tha any other place. He would t.
Their issue the bondsof the city all of which should
be sold at PAT, and not one dollar SHOULD go into
the hands or the company in any other way. He
had no idea of placing the mony into the hands pt
the company. He had not forgotten when the
road was to be built to Pittsburgh and Wheeling
for $40 000, 000.i That h not been the case He
could not see that that the Baltimore q Ohio Roll
ROAD was eSsentialyan absolute necessary to the
prosperity Of Baltimore. The road had belied eyr
cry prophesy ever mads in its fsyot. At first the
passengers alone were to Ray the expenses of the
road, and have a surplus of s., 100000. He be-
lieyed the road twas transporting coal at an actual
loss, for they havb failed 10 reply TO inienoga
tory as TO the profit Transportation of that
article. They want $50 locomotives, and Is coal
cars, With which they can only bring 8, 5000
tons, which oHnnot pay. A comparison had beeh
made between Maryland and AnIhracite coal
trade which was NOT tair for the coal legion, Of
Pennsylvania was only about 100 miles from hi
laeIphia, while the Maryland coal region is so to
2l8 miles from Baltimore, and The coal taken, 70
Philadelphia is paid for by the companies having
it uudef coIitrol! ss g Lia Haii-ifs latlsiia-
Here it is said that Baltimore has control nj the
work; ifsoswhy istheeoal carried 10 Locust Point
and sold to New ehaDts Fas so cents per
ton less than itwss sold to ie citizens Of iRalt-
| more7 An effort has beenmade 10 make roidito
| the Patpsco, I'VE mites beyontI Locust Point; and
lhn,nh n NAV not he tInnei his iiim.. il will