Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1854-01-24

~ WIZ, t'Nt ,t4t4{p ~ ttt.
1''cef7 a{ ne, soinpon1 y, as "a Ia polIf5e'
= g ! ! 60 !!
a@ A '.5IfIs by he s0Alegy Of.
.',a'0n.s - make The Impression
's 4. Hing Dfs 4 singlsiamilyiof great
IS 1od rtspeeiabiliiyls create all the op.
1} iIlon . ihe policy advocaled by him, and
:iienna.tp insinua,e that !, orr some other
snaember ofs,hat family, "cherish TOO strong
.acravipg for the honors and emolumen,s
(which follow The control of railroads, )" yet
shall not tbe driven by any false issues of
personal honors. from condid discharge of
uy,du,y 10 the Stockholders and the public,
and shall leave the vindication of myself ard
family ,ol,he people who know the merits of
theeu,efprize and wha, we have done.
ad,ln order then 10 form correc, opinion as
10 othe union of the II. & C. r. R. Co., and
fihe IN. 6s G. r. r. Co., IL is necessary to
sascefiain what is the condition of each of
these companies and 10 define what they
propose to do. The H. & G. R. R. Co. has
finished, and has had in use for l6 months,
sits line OF railroad from Loveland 10 III ills.
borough, and has under contract, and is now
rapidly completing It's grade to jackson !;
(which is on the edge of the coal fields and
10 distant from Cincinnati 118 miles, and the
important questions which. present them.
selves to the Stockholders in this state of
facts are these :s.- sls5AI a uI a.
Agls.. Can this Company complete its Road
as an Independent Company?
IA ed. Ii they can do so, is it best to do H.,
esen although the Road should never be
lcomple.ed 10 Parkersburgl Y2sa y.oe
sg Sd. df completed to jackson as an Inde.
pendent Road, is not ahe completion 10 Par.
.kersbuFg thereby insureda ,l1uT ad H5Sg
seglnsanswer ,oahe frs, question, | shall ex.
hibit our true condition as near as can be
ascertained from the Treasurer, wihou, lrac.
-,ionahamounis. ogss .d,D wi .v3 r
Posi- -ef fnished Road ,,,r8 o.i $666,000
4 Amount of stock not collected and ap- ,5
plicable to extension east 77,00C
- Value Of real estate subscription do IA ,00C
.IValue of Depot grounds, &c., west
:. and at HillSboroughs,, -, $4,000
Cost Of Road from Hillsborough to
jackson $1,7OO ,OO(
Deduct amount expended in grading 1850
y Balance needed for completion to Jack
NJ. son 5,0ot
Assets unexpendsd $t770O0
Real estate do 144000
-stsS9 1f3ag89I lG
s32t, 900
From which deduct debts,
de-, which leaves bal
ance to amount Of con-
~ struction east Of 100000
b.gts,-, ,,. Lad. i... $l17,0OO--$117,0 90,
Amount needed TO complete Road to
'a' Jackson s1,3Is,0O
Here is the amour. TO be- paid and from
where must Il be producedl
The Stockholders are divided into tw
IarIies-ihose who are simply Stockholders
and act from a mere regard to what the,
suppose their interest as such 10 be, an
those who are not only Stockholders bu
have deep interest in the country throug
which the road passes, and for The benefit Q
which ihe charter was granted. Indeed
may be said that there is another party
The Marietta Railroad Company also a prin
ciplc owner Of stock in The Hilsb oroug
Railroad Co., which stock has been procure
Tor the express purpose Of SO controlling III
latter company, as 10 benefit the former, an
to accomplish this object The stock so owne
will be freely sacrificed. |, Is the chief ol
jecs, and desire Of those who are interested
lle country through which the line Of rou
passes, 10 have an independent communic'
tIon with Cincinnati and Baltimore, by
great tth0roughfars Of trade and travel.
They are iherefore opposed 10 The unio
ol she TWO companies, and have pledge
themselves toprocure $3.50, 900 Of stock, fc
4hlcb purpose time has been given them b
the Board Of Directors OF the HillsborouQ
Company. ] believe they will no, on
ihakegocd their pledge, bu, will offer 5000
600. II they do SO, then deducIing Il
amount from the amount needed TO fini,
the road, leaves balance or $71S. 900 10
provided for. ss7at e
= How is this amount 10 be paid and fro
whence must Il be proddcedi
answer by sale OF the mortgage bonds
the Company, on their road from Loveand
70 Jackson. And In support Of this oplni
shall challenge the railroad records for
better, safer and stronger basis than o
company would present, as security Tor
mortgage bonds, when the above subscripl
shalt have been procured. The sum need
is e7l8,oO0, And there will be 95 miles
road 373 ofwhich is fuished, and paying
,he Ea,eof $4,000 per year, ba1 ',m1
Which cost "a 10 5soI a..N IL $665,0
Amopnp expended in addition on ,
line eas, Of Hilsborough 1850
Dspot grounds, with The buildings
fand rights Of wny. worth 4 " 1000
tliI % t!A q gl' 4T4ntua -------
;sassMakiDg in all si5TBs 9i,635o
Whhs unfinished railroad In the Stale
Ohio has furnished, or can furnish bel
security for she amount OF money needle
lfihere be any am no, advised OF II, I
bis certainly not ,he Marietta Compa
And fully believing frora The present I
prospective. chances Of the money mar
and from The information o, my comma