Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1857-01-01
Wheeling and her Railroads.

We 6nd the following synopsis Of the
proceedings Of the City Council of Wheel.
ing on Friday evening last, in the Intslli-
senecr Of Saturday.
The Mayor announced the krst subject in
order to be, the consideration of the .esolu-
ton offered on the previous meeting asthor-
king the finance committee to borrow sum
OF money sufficient, and at six per cent, to
pay the interest On the bunos issued BY the
c uy TO the Marietta railroad and to the
Hemp6eld road.
A dis, ussion arose upon the necessity and
propriety Of considering The question sePa-
rsteiy, that is. first upon The Marietta road,
and then upon the Hempfield road.
The Mayor read a commuuie1ff2p from
the trea.urer Of the Marietta and Cincin.
nat Railroad Company, stating that the
company would not be able to meettfe pay
meut oi interest on the bonds issue u the
city to the raid rsirosd.
A be lief wss expressed by Mr. Crawford,
the treasurer of the road, that for The future,
i. O., after the Ist Of January, the compaRy
would be ub;e 10 meet the interest.
A communication was Also read from the
treasurer of the Hemp6eld road, stating thai
they would not be able to meet the interest
due upon the bonds issued by the city ol
Wheeling to them, nor could they promise
to be able to do so at any definite future
The interest now due is $3.50.
Upon request the agreement between the
city and the H-mp6e;d company was read
Before vvle WAS taken, Mr.. Hubbard rose
10 inquire as to what would be the conss-
quence OF the city refusing to pay this in
lerest; whether the coupons W oud not 60 TO
pro,s, t, aad if SO, whether the city OF Wheel
ing wsuI not bo bound for that and all con-
sequent cost.
1t was answered by the Mayor, that the
city would he liable for the costs through
out all necessary steps, taken by the creii-
tors to recover the interest.
1t wss urged by Mr.. List that some cog
nizance should be taken from the company
OF the Indebtedness of their obligation to
refuud, pro, ided this money should be
paid.
Mr.. Jacob hoped that the Council would
not seriously impair the credit OF the city and
of the road.
Mr.. Knote Offered; he said it was an out
rage upon the innocent citizens OF this
town, who, under q false idea, had voted this
subscription. II has been understood BY the
subscribers that The road YVES to be finished
to Greensburgh. Pa, and to be called upon.
He admitted that it was hard that third pei
sons should be disas pointed in their Pa!-
mems, but while wesympathized with them,
We sbou ID remember there were others who
had been received. He thought tho letter
of the Hempield Company was very blunt;
i, wa. trlaing with the city 10 state, in sub
s,succ. that we must louk out snd pay their
debts in future.
Mr.. Fhzhash said that he looked upon
the question a. involving the credit o: the
civ for moral honesty. We had made a.
bad bargain; the subscription had been OBJ
tanned in Il manner under false pretences.
but it was a question OF debt, just as any
private debt, and should SO be considered
>aeae eyes and nosssWfre called for on the
which wac that the Committee
be authorized to raise the money for The
He np6eld- Yeas. Messrs. Beatty, Jacob.
Ls,, Clayton. Fiizhugh, Hubbard. Matthews.
Taylor, and Wilson. Nays. Messrs. Biekeil,
Coa,s, Forks and Penneil.
The amendment by inserting a recogni-
ion of the money SO raised, as o loan, to be
sigaed by the Hemp6eId Company. The
amendment was then passed.