Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1853-12-02
Proceedings of the City Council of B1alti
more on the SIS, ooo, 900 Guarantee for thu
3. e. O. Railroad, 49,

Proceedings of the City Council of Balti.
more on the SIS. 900, 600 Guarantee for the
B. & o. Railroad. ~
In the second branch OF the City Council of
Baltimore, on Monday night, on the question OF
the endowment OF The loan asked by the. Baltimore
& Ohio RAILROAD, the following proceedings were
had, aswee ind them reported IN the 4,periean:
Mr.,Stevaart presented a. memorial from Tiffany,
Ward & Co, aud Others praying the City Conn
Gil in any action which, may be had for The relief
of the Baltimore and Ohio Railroad Company, to
demand OF the company fair rate of treIghts OH
merchandise to and from the city Of baltimore,
and that NO Discrimination shall be made by said
company, preiudical to the interests the city.
Mr. Stewart stated, on presensing theImembrial,
that all, or nearly all, the meInoTinists were ia
vorable to granting the, relief prayed Tor by the
company, but they wanted the action Of Council
TO effect fair rate OF freight. Laid OIL the 'tnbe
The resolution directing an election 10 test The
popular will of the voters of the city on the;en
dorsement of tho loan asked by the baltimore and
Ohio Railroad Company was called up, and the
9th day OF December proposed as the day for hold
ing such election. ~ ris.i = .sg ai.- bfL
Mr.. Suter thought that the subject Of the en-
dorsemeht was not part Of the business for which
this Council was elected, and as 1T is matter Of
doub neither MINORITY al the people of Baltl-
more were favorable TO this movement, It was but
mir That the will uf The people should be so con-
suited. No gentlemsn had been elected because
of his prejudice for or against endorsement be-
cause then II was not certain though i had been
hint, Il that the name of the city would be asked
for a large amount on their bonds. The new Con-
stituton Of the State was so constructed that the
fhith of the Stale could not be pledged without
FIRST Receiving the saRction1oF the people. There
was why lt should go befoSe the peo-
ple, and that was from the fact that the endorse
inent would be passed by Avery meagre majority,
pFobaUly b0f not more than one yotegln the Oily
1,odhcffv Then the matter would have to go be-
fore the Legislature aud there j. would meet with
opposition even from some Of the city delegates in
thai body, @ioare knownito be opposed to the
endorsement and will all their efforts against
it, 1t should igd b6foTe the city gpteB md wien
ADOPTED by them would assist the matter before the
Legislature, and tend greatly to enhance the value
Of the bonds 50 endoTSed., .aaae ID RsiAad
Mr.. Webster did not see the necessity Of submit
tine this matter 10 the people. rs similar measures
had been adopted Without Suclf submission Hell
was not afraid 10 submit It to the people, for he
thought they would be favorable, andif they we're
riot they w6dIdbe as soon as they properly Under
stoodit The resolution intended to kill the bill.
The Railroad Com, AMys came here and asked for
the ppomise ofttIe city 10 payithe amounted the
endorsement should that COMPANY OF rsfGseSto
do So The question, arises, IS the company able
to do this9 lfit has The ability tomeet its ndebt
eIness, and 50, i5S, 600 besdes " by may not the
bilJ. MAST u this snee Is the only means to
enable ii to do 50 that IS an additional reason
il should be granted. They have funded debt
which wiiiI4he floating debt DOW has and the
OO0;00 OSwliich It SKIS amounts tor SS1s289I
Now, will the company be able to pay this indebt
edneSS with double track to Piedmont, and The