Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1858-06-24
HEMPFlELD RAILROAD.
arFriyo or suBsonlE F,s TO INF REPAiniY' FpSp.

f. T. T.
acETfxG OF SuBscRlBERs TO THE REPAIRING fpSp'
is had been announced last Friday, ia the
morning papers, meeting Of the subscribers
to the repairing fund Intended tor put the Hemp
Held railroadiu running order from this city To
Washington, Pa, met atthe Court HOUSE, yes
terdny afternoon at . O'Clock. Mr.. a. ARM
strong was called to preside. Mr.. Sweeney, IN
response to cali upon him. stated the business
to be the consideration of plan to disburse the
sum subscribed ts1O,8 $780, 50 as to effect most
perfectly, the end in view, viz to get the road
in running order. After some remarks discrip-
tive of the getting up of the subscription ne
read the following paper
The Trustees under the several mortgages OF
the Hempfeld Railroad Company, having lnyit-
ed the linn of tile sum of not less than Ten
Thousand Dollars, to be applied to the repair
ing the road of the company between the CITY
of Wheeling and the Borough Of Washington;
said loan, with legal interest thereon, TO DC re-
funded from the melt earnings of said road; and
having authorized James C. AcheSon, Esq by
+, their contract wittlhim fthe 9Th OF February
1858 to receive the said loan for the purpose
intended; and the said loan having been Suo'
gcribed by tic persons composing this meeting
Tesolued That the said loan shall be made
and paid upon the following terms being accept
ed by James q. Achcson, ESD, ON behalf oil the
said Trustees:
1st Tint -----, shall he appointed
the General Manager, to take Charge ofthe road,
machinery, stock &c; 10 apply the amount oil
the said lOnn in reparation oil said road, Sci 10
employ the necessary officers and hands at sucn
salaries and compensntions rs may be agreed
and fixed by the Executive COMMITTEE OF tue
Board of Directors of the Hempfeld Railroad
Company, subject to the approval nf d. Z.
Acbeson ESQ., and to take the general charge
and supervision of the working of said road,
"a. The General Manager thus appointed
shall make report to james U. Acheson, ESQ,
within the first ten days of each month, OF all
5 ekpenditnres and receipts for.account of said
road, since his last proceeding report with pro-
per vouchers and Statements
3D. The earnings ofsIid road shall breappilcd
to the payment of its working expenses, ami
tha cost and expenses of the Trust, and the
nett residue he further applied to the repalntion
thereof, until tho said road and its machinery
aud stock, shall be placed IN such condition as
is necessary for the safe and econoincai transac
tion.of business.
4th After the said road, machinery and stock
shall he thus repaired, the revenue and receipts,
after the uavnIent OF MI working expenses, shall
szha paid to the subscribers TO said lonn. by
proportional dividend, upon t'v u,''vtii4i paid
hv ench to be made quarterly until the ninonilt
OF said loan and interest shall be fully refunded
9th The saiG loan shall be paid by the sub
scribers to the General Manager, or into such
Bank or other place OF deposit, To his credit, as
he NAV appoint. For the amount oievery such
payment, the stid snbscrbr, shall receive
certificate of Jtmcs e. .ichvson, fs4, ia The
following form. viz;
CEHTiPIcATE OF .LnAN.
------.h paid the STAN Of
dollars, being loan the Trustees under the
several mortgages of the Hempiie!d RalIrnao
COMPANY to be implied to the repairing OF the
road machinery and stock cf said Company,
under the terms, stipulations and conditions oil
the contact made between the said Trustees OF
The FIRST part, James O. Adhesion oil the second
part, aud the Hempfed Railroad Company OF
tho third part, bearing date the 18th February
1853: the said loan, with legal interest from
3 this date, to be repaid according TO the proVi-
sions of said contract.
Witness the signature of James g Aeheson
this day of 1858.
9Th. The General Manager shall receive such
salary or other compensation may be agreed
between himself and the Executive Committee
of the Hempheld Railroad Company, with the
assent of. c. Acheson, Esq.
On the back of this paper was written the
following proviso, under which the loan was or IS
TO be accepted on behalf Of the Trustees of the
HempHeld Railroad Company:
'fIhe terms proposed are accepted upon the
distinct understanding and agreement, that
nothing therein contained shall b. in any man
rcr construed to affect impair the terms, stipu-
lations and conditions of the contract between
the Trustees of the Henpheld Railroad Com
pany, of the first part, myself of the second
part and the said Company of the third part,
bearing date the 18th February, 1858
Aner the reading of the above paper, Mr.
Sweeney proceeded toremark that it was ex-
pected aud intended that the most. if not all of
the sum. subscribed, would be expended on the
road bed itself, lnasinuc as adequate provision
had been made with the Baltimore and Ohio
s Railroad, for such an exchange of rolling stock
aswOald secure . complete equipment of the
,Hemp6sld road. He said that the estimate Of
what was necessary to effect these repairs, had
g been made by Mr. Brown oflthe Baltimore and
Ohio Railroad, gentleman fully endorsed by
the Master of Machinery of the Baltimore and
Ohio Railroad and by Mr.. j, B, Ford, the agent
of the same road in this city, The estimate
made was for each section separately, after
careful examination and walk over the whole
length of the road, and the aggrega-e of the es-
tinates was under ten thousand dollars Some
seven hundred dollars had beencAlcnlated on as
azs Ia