The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1856-06-12

To the Stockholders of the Ohio and
Pennsylvania, the Ohio and Indiana,
and Fort Wayne and Chicago Rail-
ro ad Companies.
In submitting to you the accom- mpanying
Articles Of Consolidation, by which it is
proposed to unite your respective compa-
nies into one corporation, to be known as
the Pittsburg, Fort Wayne and Chicago
Railroad Company, it is deemed proper
to present statement ofthe points which
seem to favor SO important a movement
on the part Of your directors.
The Ohio and Pennsylvania Railroad
Company, as originally Incorporated,
was authorized to extend its road from
Pittsburgh to the State line of Indiana, in
the direction of Fort Wayne. The COM
pany did not. however, deem it expedient
to exercise the full powers Of its charter,
and the present town of Crestline, point
on the Cleyeland, Columbus and Cincin-
matt Railroad, one hundred and eighty
seven miles west of the city of Pittsburg
was established as the western terminus
Of the Ohio and Pennsylvania Railroad
It was supposed, in that early period ii
the history oflhe company, that the ex
tension Sof the road westward from Crest
line could be better carried on under the
auspices OF another and Independent
Company. The road was, therefore, on
ly constructed from Pittsburg to Crest
line; and was opened for business over it
whole length on the l1th day Of April
1858 's'l. @ !.
Pending the progress of the Ohio an(
Pennsylvania Road, and with view Il
its western extension to Fort Wayne, th'
Ohio and Indiana Railroad Company wa
chartered and organized under the law
of Ohio and Indiana, and empowered tt
constructits road from Crestline to For
Wayne. : Liberal subscriptions we're OBJ
-tainedsfrom the counties along the line Q
the road. and from private individuals
and, in the spring of 1859. the work @
construction was commenced. On tn
LIST of November. 1854, the road wa
opened from Crestline to Fort' Wayne,
distance of f3l I miles.
nlrThe construction Of the Ohio and In
diana Road was regarded as ofso muc
Importance, both to the Pennsylvani
and, Ohio and Pennsylvania Railroa
Companies, as affording the natural an
direct extension Of their own lines to th
northwest, that both those companie
largely aided its construction by the
means and credit. The former compan
subscribed $500, 900 and the latter $1O(
900 to the capital stock Of the Ohio an
Indiana Road. Subsequently, the Obi
and Pennsylvania Company further aid
e. tie, Ohio and Indiana Company
purchases of its bonds, to the amount
S305,OO0, viz. $lOo,o 900 of second NOR
gage bonds, and 1905 900 of third NOR
gage bonds. The Pennsylvania, an
Ohio and Pennsylvania Companies, ther,
fore, virtually own $705,olo in value
the Ohio and Indiana Road; and, wit
the accumulations of Interest on stot
and bonds, their present investment
now oversize, 900 in that road, or abo,
one fourth of its cost,
The successful commencement an
progress of the Ohio and Indiana Raj
road led to the organization, in Septem
Der, 1852, under the general railroad law
of Indiana. of the Fort Wayne and Oh
cago Railroad Company, with power
construct railroad from Fort Wayn
the western terminus of the Ohio and Ii
diana Road to the city of Chicago. Th
organization was strongly encouraged b
the Pennsylvania, and Ohio and Penr
Jsylvania, as well as by the Ohio an
Indiana Company. The Font Wayn
and Chicago, and Ohio and Indian
Roads were regarded as so Unidentified