Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1854-05-12
rFor ths Intellleeneer.l

- Ma EpIToR:-The vote for the subscription
of s250,000 10 the Hempfeld Railroad Company
has doubtless been given in the affirmative, and
the matter now remains in the Lands of the Coun-.
,gc,I If Misunderstood correctly your editorial upon
subject you took the posilio that the effect OF
this vote ouId be simply to give TO the Council
the power 10 act according to their direction in
The natter both 10 the they will give the
company, and the terms on which they will sub
scribe, provided that they do not exceed S260.OOO.
L can assure you that the writer and many others
would not have voted for this subscription under
any other understanding. Had it been proposed
as an unconstitutional subscription. directing tile
council 10 subscribe that sum, it would have been
opposed and doubt not been defeated. 1t haa
been carried and we are now to look 10 the
council for proper action on this subject. pro-
pose constituent aud taxi payer to offer TO
that body a few reflections on the subject. hoping
that others more able than am, will do full JUS
tics 10 my suggestions, and improve upon item.
The known popularity of the Henp6ed rail-
road in Wheeling, its conceded importance to us,
might almost prove apology for our attempting
for its more than prudentregard to our financial
condition would sanction. but it becomes US TO
''look before We leap" and while we aid, properly
this road. at the same time protect properly our
field Railroad, and what should she have done7-
Let US answer these questions in view of the i'm
poEtance os the work. FIRST, her citizens in their
! private capacity have subscribed $4,000. The
county of Ohio. including Wheeling. has subscIi-
bed 100000 of which not less than 100000 is
Wheeling subscription, making from her aud her
citizens the of 1854, 900, apart from $4,000
properly chatgeable upon the county. To-day an
additional subscription of S25O,OOO has Eeeu au-
tIorized, and 1 now propose to The Council
means whereby the Railroad will still have
$3.50, 600 1.-THE utmost we can aGordD subscription
: ze:: her stock, and the city yet save theissue of
9 500. 600 of her bonds. IpropOse to issue bonds
. Of the city for $4,000, then put in the depot
grounds COld grave yard) at 5000, and then as
sign 10 this road the stock IN the Cleveland and
: Pittsburgd Railroad being $4,000 more, making
$3.50. 900 IN all. Add this 10 the subscription here
tofore OF city and cur subscription will be $780, 600.
to this add private subscription of $4,000 and
we have 1904, 900 subscribed by the city and her
citizens. and aud county subscription of 100000
and we have in Ohio county by the city, county
and individuals s7O4.0o1 of subscription to the
stock of the HempGeld Railroad. certainly as much
as we can afford, and more than the company has
any right to ask or reason TO expect.
submit ii TO the Council whether they can, as
the custodains of the public credit, issue more
than $4,000 when they know that we must
ere long negotiate atleast s25O.ooO of our bonds
for other purposes. Will not such an issue
injuriously affect The sale of our bonds i'll the
ket. aud should we go further than this. design
addressing them upon another branch OF this sub
iect namely. the terms of this subscription. but will
close for the present. A TAX PAYER.
L