Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1854-10-03

oontrsi Ohio Raiiroad.

Onrhsl AnnutiRepo Indicated ih8hop .hal
Within twelve mdihs loW lN.l Neuol i1N. .liN
would Do 8uendallo tN Jbo over WNetl jung
zion with lha Baltimore 'nl uho halOoa
be Immediately efoisd, and' 10y lhue biIlns 'p5
rcmolnmg gop between ina' n,.9Ne. g'eNu ,',
once give oul oat ibe position aad is's"ue' ol
Itisamsllet 81 pdjo Win one Diuololr ond it|
abouW ~ D. niie7 of couWuiuln.ion wt.li ihl
Islookholdew. iha.GotWjtlslRndmg the excessive.
0nd to aIroad olp0milons- lha aHprtf. Hnlel
IsTmeepeY OF lhsm0ney noihe' lQi lue "uole on
ihe posi- yeab ilsiull opening Oh lne Ctnilal ONO
! Rmioad ION Columbus % lha 0lno 1yeh 5 0n
the gygo. lccomNshmeui fn4u WflB aaysf'
we irnsl Chat uahsWill bsunm Wieuoile ouu
nect0n Wlil Quo ines eos, apu Wea''
hderuiI our iriIl aud dm'pultles -saIlai lll lhe
l labcf Of mnl ani b0ly, ntc llily attendant up
ON thg effort lan1se % iaige anQ Wiae apieau
on interest constsnuousy ora .aithlully--whtni
I too, wU hoyeaeei mniug 0IoWdn 5 Yanous enler-
/ puses OF simi0l shamoiel upon WHOM as ioif Q
\ fortune, % tle let instance scented 10 resi- una
whenl is understood ihal zoe Interesting event TO
(which we noiH tili occur without osnWe laiiule
IGr protest oil tho Compauys Obugat0ng AND wNn-
ont siouhces or euolI0ns upon ihc HookHoldefa,
/ we leel thotnO Judgment % relation u cut l4'
boIs, made up oh au imperfect mowledgeo t.e
/ facts should BE- ptmiuJd 10 disturb our oHnslus-
]
tits due. in ihig }onnecuon. 70 sly lhot our ex.
empliou ION me ns'uflduts Which during ilt
/ nasl yeaG htya outssd suspensions Ul wofk unou
lkOmny m6nishediOad8, ald which insome cases
| have so ACKNOWLEDGEMENT ihem as prevent
their cogery Ioi YaC, d eyeL mainly hiIibu'
table 90 the energetic elouso ON our behalf ol our
Sons. who gaaousB backed lheig enolls Wliflelr
own Resources Win neeeaaiyi und Sue cons3-
tentaud warm SUPPORT 10 money end 'rHdy acts
| of The houses ol Atwood Dunlryy s. Coz New
| York u1d of Joslh Leo q Coz aul ChaWoy
] Bmoka Esq3 Of Mlmore.
Tha statement 9f the Auditor accompanying
Ilhis Report gives ihe financial condition of ihe
Jompany. Ii WILDE seen uy felerenee ioit thm
Iup 10 tho 8l ol th8pro5ent month, lba whole eS
lnendtufes iol construction uccouut have been
| IS, g22,284 G9i iormachmsr8 299,l1887 and
los Tenl estate o0comG 4i9,O3j2li mRNuga n og
gIegale OF 2i,27ON I6. lo This making up ihe
gross expenditures may he alGel, olIte UimWfe,
malegials Do workshops ond lurl I6ila28l,
Aslls work OF ue gmdUaliOn OF ihe Iold olhe
Diver rs now reducel % SOME 10 of sections, and
las all but two ol those WIN De complete by The
10Th OF nukl month ony important addition TO the
RECONSTRUCTION account within me coming year
viii not be eQuifed l'hs anounl, as win dUubt.
less De observed, hos alieady gone muolt beyond
the original e5limnitsi Dnl when iils understood
that fpsFiahauf lhe woke preparation lor ihe
8feoud iract between HaneaWlle and the Ohiony'
Ier Is already done-tat since lbe estimates were
Imadg, O very important change OF line was niue
lh0dzed, and That the cos, 90 labor ana materials
Ihos advanced about 30 per cent? and when egpe.
cally IS cOnsleTed ihe nmpoaibllty, eveno approx
limalely of determining how much took instead OF
Igarib, nndCrligs ihg surface n ms longe oi our
lwork, furnishes much 5ous'aouon TO know That
de cosl per mile, even wlu,whol is done oy duu-
az rf
single track ioads 100 eastern Ohio, aud win bJ
much below lhe average cost OF Ioals OF au9l
clus in The eastern aud middle States,
rhnllhs road when complete, VIII realize ON
The advantages 90 the country tmyetsed byiL anL
lou The profits 10 the Stockholders which has been
heretofore ASSUMED we have dairy evidence n
new aud unexpected business relations, gaduolA
prcpunng themselves Tor association Win u,
workings of our enterprise. lhe report OF 30,
superintendent accompanying This, gives we think
amoemte view OF the prospective lraihO of Oh,
load on tbe completion of ms connections.
CONTRACTS WITH OTHER Rohus.
Aa y0u orc doubtless awoTgi the Columbus, ri
qua and Indiana N6iIoad was being built with
Iguaso OF leet 81 inches. Tins Buuge being u
'mchgs nuirowef lhon h8 ordinary OHIO guage
which Is leel lOinOhesi was correspondent viii
the glluge Of punnsyyoniu, lndinnn aud Illinois
0RhB 98bR ny J lae dy5oRP2uaa Pl8e 9a5 94a l9
and lndauna road w0g made OH The sugge8l'On
aud underline influence oil PhiIadelphini ond up
i on ihe extension olthe Sieubeuville and ludmnt
fOad nom Newatk 20 Columbus, was designed To
furnish an anbroken width OF snuge from hila
. delpbiRtu Indianapolis, and ulumulelyto ST. Lou
si illus admitting of The transmission OF iiahJ
without ohohge oil cars Whilst we believe lhl
The hopaO OF any mpOd0nt advantage from ihi,
policylo thes9ycIul roads GO operating uil O,
lalarg, tle prospective value OF the CoIumbus
Piqua aud ludlana road, as great 1--we stock ay-
.enue and os an outlet for ONT oool-both of which
cIa@es OF lfanc would be seuou.ly inlsrlerel
WITH 10y break Of guage-olussd us To regret The
Inulpl0n OF narrower BupBe uy ihnl company,
.Becomng finally convinced that Jhstr pauial $50.
lotion llom local inieTchanges, ow ng to this fact
more hun c0unleIbaanoyd ON Mo theurehcolu d-
ranWges OF continuity ol guoge l0r lhe contlol ol
through lmdei the DuscloBoflhht comp nypOpo-
iaei Tue adoption Oh Che Ohio guagei aud Uoulmol
nor tunniug Arrangements in connection with ON
theiI mortgage bonds II Yves stated that an en-
IOOISement for o larger amount was 5gIeed 10 be
nudei (and has since been mlda) by The Clrye-
land, Columbus and Cincinnati Railroad, by lhe
BelleIonlaint and lnliaua, and by The ludiannpO-
JOS and Bellslonhine Companies, upon the reloXa-
Y ion OF 2 contract held with the lost named CON.
\ pany by The @. r. and T. Company under which
eight and half inches, aud which also, IL was
proposed TO change 10 Che Ohio guaEe THE OBJ
ieoi DO obtaining tle endorsement was 10 give an
additional market Value 20 Che bonds Of tic cone
panY SO 0s 20 admit OF suIes during The present
pressure, and thereby enable them TO complete
Tier road. AS lhe proposition was toopen 10 u5 ON
unr6slncted intercourse with The rich district lra
yelsed by ihe Cincinnati PlQua and Indiana
lIouu, w8 could mol EEL justified IN rejecting tue
pop si,On, and accordingly made the desired ell.
doTsemenL re5peolulypsk your ratification
of the transaction.
20 iaciote the negotiation Of the Income Bonus,
ageed by yon mi l0mtr meeting, TO be issued to
the Cincinnati, Wilmington and GAINESVILLE Roll
road Company in payment iuI stock authorized 10
besubsoubed by us application hi IS been made To
have ths interest payable upon those bonds chang,
ed liom siX per cent 10 seven per cent, the Gin.
oinnoli, Wilmington aud Ianesyille Company
agreeing 10 pay Che same rate OF interest upon
their stock until cars shall Iavefsg their road from
GAINESVILLE to Morrow, Ths great value of thnt
work 20 ours, Is sDw well understood, that doubt
less The mere suggestion OF wish 10 the case,
wheTa 50 lille additional Liability isnyoyed, viii
be sufficient ~ seours your sanction Tor The change
Idesired
The Steubenylle anu Indiana Raroad Compa.
NY have annlied for ON arrangements by which.