The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-02-01

ington and Ohio Railroad and which
cost about 50, go 900 is surrendered as a
bonus to the company.
The Blue Ridge Railroad, which cost
about 81 500, 900, can be purchased by
the company for $500, 600 of Virginia
State bonds, which are now worth less
than forty cents on the dollar.
These two concessions are nearly
equal to gratuity of five millions OF
dollars.
There can be no question that the
guaranteed per cent stock of this COM
pany, which the counties receive in eX-
change for their bonds, will, on the
completion of the work, sell, perhaps,
for par or above par; and thus by the
sale of its stock on the completion OF
the work county may pay its bonds.
The city of Wheeling subscribed for
1900 shares OF stock at 500 per share
in the Baltimore and Ohio Railroad
Company to secure the completion Of
that railroad. The city still owns a
considerable part OF the stock and
which now quotes at $125 to $3.50 per
share. Thus the city upon q sale OG her
stock at these figures would make a
profit of SIS to $50 per share
We see that some additional leRtslae
ton is asked on behalf Of the Chesa-
peake and Ohio railroad Company.
We trust that every encouragement
will be extended by the Legislature to
the Company and the people interested
to carry forward this great work.
Thai valuable region OF country,
rich in soil, timber and minerals, eX-
tending for Iorty miles on each side
OF The route ct the proposed railroad Is
nov contributing mere ptttauce 10
our treSSary, As cNm pared With what
Il Woai5 % Il IAis work were nAishea.
The An4iT>o=s reSSNgS So lANs year far-
niSslcS tbe Eo.tSu31e fEcfS
zds twenty ,Nns Etses situated On Snd
sIsEg - Z be ISsl1ig1aase & OAso Railroad,
and - gssgSc7sfzrc branch, vas Bar
so1ss e@kslsv, Nc66TlsSs, Hampshire,
= -T5Shn, .feilS7sha. NPU4sS Marlca,
Marshall, sEfne-Es, &ssscuSAlss, Nor
gan. Ohio. Preston, fS5soase, raylor,
',Sias, TpcSt-, Wcsys, aud WSNd, con
iHornssEssc eNss E=sS Sasiiiaes, are as
sisssS5E. gsss- tANEzaSs a. $ks.EfA,SS&
t-hss LIZ sSSzsR rsga<S Il SppeArs that
sse SgtrSs SssSzSSess Tis Boone,
('s.,s-.- Cay, fayeiEe, Green or!er, Kan |
. = IS. Lzlcaaa, Logan, Mason, Mercer, |
AaSzsas, Mcdowell, Nicholas, Pocahon- |
a., Putnam, Raleigh, Roaue, Wayne,
Webster and Wyoming, which will be
developed by the Chesapeake and Ohio |
Railroad, contain 9,6S6, 594 acres of |
and, aud which is assessed for taxa
ion at SIS So ,0l5, being 50 81 per acre,
whilst the value of the land under the
influence of the Baltimore and Ohio
Railroad is $40 4S per acre.
1t IS believed that the region tribu-
AIRY TO the Chesapeake and Ohio Rail- |
road is equal, II not superior in re-
to that OF the Baltimore and |
Ohio Railroad, and that in a few years |
after the completion OF this road, the |
lands will be assessed equally as high
ns those on the Baltimore and Ohio
Railroad.
Assuming that these lands will adj
vance to $40 4S per acre, after this work
has been completed, there would be
SIC 600 600 added to the taxable proper
~ Of the State, and which at forty cent?
rate of State taxation, would add $780,
600 to the revenue of the State. The
value OF personal property would also
he largely increased.
This is IA most interesting question to
the tax payers living remote from tho
proposed railroad, and trust their rep
resentatives will see that every facility
is furnished for the completion OF this
great work.
The people who are interested have
adopted what looks to be IL feasible plan
to secure the work.
II each county will subscribe in pro.
portion to the amount subscribed by
the counties which have voted for the
road, the $5,O0O,OOO OF stock will be
raised, and the company will be able
to command the means to put the whole
work under contract, and insure its
speedy completion.