The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-02-06

SiaI 1-omnlissfOneF. in Reference to
-the- ReIease of n Portion of the
BONDS of the City. Issued for Sub
scrIpfion 10 the baltimore and Ohio
RnIIrOad---Suceess of his Mission
CourIeaies Extended Him by the
virginia Authorities.
The following report land accompa-
nying documents,) of Robert Crangle,
Esq, who was appointed Special Com
missioner to visit Richmond, Va, for
the purpose of securing the release OF a
portion of the bonds of this city issued |
for its subscription to the Baltimore
and Ohio Railroad, and guaranteed by
the State of Virginia, was read In the
First branch of the Council last evening.
WHEELING, January y, 1857.
To his Honor Tie Mayor aud Council Of
the city Of Wheeling: -
GENTLEMEN have the honor to
submit the following report OF my ac-
ton in regard to the release In part of
the mortgage of the State of Virginia
on the stock of the Baltimore and Ohio
Railroad Company held by the city of
Wheeling.
aseertained on my arrival at Balti-
more, in an interview with John w.
Garrett, Esq, President of the Balti-
more and Ohio Railroad Company,
that no transfer of the stock of the
Company held by the city of Wheeling
could be made until authorized by the
State OF Virginia, the stock being
/ pledged to indemnify the State as the
| guarantor of the bonds of the city.
Under these circumstances, in order
/ to accomplish the object of my mission
visit to Richmond and conference
/ with the STATE authorities there became
/ NO On m arrival At that nlaHf
laid the subject before the Board of
| Public Works, the body having charge
| of the matter. After full considera-
ton, the Board decided they had no
1 power to make the partial release the
/ city desired and could only do so by
| virtue of special act of Assembly.
| l then determined to make the effort
to procure the passage OF law in ac-
| cordance with the suggestions of the
| Board of Public Works, and with this
| purpose, called first on his Excellency
Governor Peirpoint, who at once man
itested "A lively interest in the matter,
and went with me TO see Judge w. w.
| Crump, Chairman of the House Com
mittee on Finance, to whom a full ex-
PLANTATION OF the subject was made. AT
their suggestion, / had bill drawn up
by our old townsLnans E. H. FitZhugh,
Esq, who, in connection with. Ex-GOv-
| ernor Henry A. Wise, rendered me
valuable service. Indeed, attribute
the success OF my mission to the active
exertiOn of their influence in my be-
| half % #r- r. O.
Gov. Wise and Mr.. Fitzhugh both APP
peared with me before the Senate Com
| mittee on Finance, and so satisfactorily
| explained the bill that the committee
unanimously agreed to report it. The
next day, after SOME discussion, it was
passed by the Senate, sent to the House
of Delegates and referred to the Finance
Committee. Mr.. Fitzhugh appeared
with me before that committee. After
the bill was read and explained, it was
reported back without amendment.
with u recommendation that it be pass
ed. The next day it was reported tothe
House. Some objection being made, it
/ was laid over and ordered to be printed
and made the order of the day for the
| ensuing Monday, causing n delay of a
| week. But after the members had an
opportunity TO read the bill, and its OBJ
ject was explained and u understood, the
order fixing its consideration for Mon
day was reconsidered, and on Thursday
| it was taken up and passed without
amendment. 1 submit herewith COPY
of the net.
The bill not only provides for the re-
lease of l $40 shares OF the stock of the
Baltimore and Ohio Railroad Company,
amounting to Sl34, 600, the amount of the
bonds entrusted my care, but also
any Ofthe bonds that may be surrender.
ed from time to time for cancellation,
SO that no further Legislation will be
required for any future settlement.
/ refer with great pleasure to the ae-
ton of the Legislature of Virginia in
relation to this object. An anxious
desire to do full and prompt ius-
tice to the city was manifested, and
the most courteous and kindly atten-
i lions were paid to me personally, aud
. IaNN 90. a.
discharge of my duty, that could de-
sire. By the conditions OF the bill, ar
ter its passage, l had to negotiate the
4 details with the Board of Public Works.
Governor Peirpoint, the President OF
the Bonrd, had, in the meantime, gone
20 Washington City, and l had to await
MS return before n meeting of the
Board could be had This detained me
4 for several days. He returned on the
feveniug of the 18th inst. on the follow
ing morning, addressed letter to the
Board, copy of which, marked ~, /
herewith submit. settled with the
Board for the coupons held by the State.
and which had been paid by it in 1860,
| amounting, az per account, herewith
1 submitted, marked Il, to 81, POI SO, for
the payment of which hand you the
Auditors receipt. The Board then sur
rendered to me l, $40 shares ofthe stock
OF the Baltimore and Ohio Railroad
Company. The coupons representing
\ the sum paid 10 the Auditor, have
handed to s. Brady. Esq, Chairman of
your COMMITTEES on Finance, who will
lay them before you. .
have sold, as you directed, one
thousand shares of the stock of the
Baltimore and Ohio Railroad Compa-
ny, as per bill herewith submitted,
marked G, for one hundred and nine
| dollars per share, or. Sl09, 200, and hand
| you herewith certificate for the residue
of the 1,340 shares-that is, $40 shares.
present also an account marked ID.
showing the proceeds OF the sale, after
deducting the above sum of $2l, 227 So
and other items OF expense, which pro,
ceeds, amounting TO ISL, I67 10. have
| deposited in the Merchants National
Bank, to the credit OF your Financial
Committee. l also submit paper
marked l., covering Treasurer Calvert's
certificate for the cancellation by burn
ing, of the Sl34, 900 of the Bonds of the
city entrusted 10 my cars, and surren-
dered by me to the State OF Virginia,
All of which, L hope, will be satisfac-
tory. l am, gentlemen, Your obedient
servant, r. CRANaLE.
al. lLEa1
EXCHANGE, HOTEL, A.
d. >