The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1869-04-08

MED by message from his Honor Mayor
Banks. They were referred to the Joint Stand
ing Committee of Ways and Means. The doc.
uments are appended in full
MESSAGE OF MAYOR BANKS,
MAYORS 0FVicr, CRY HIATT,
BALrIHoEg, March 30, 1863 I
To the Honorable the Members of the First and
Second Branches of the City Council OF
Baltimore;
Gentiensn-I have the honor 10 forward for
your consideration the report of the Prcsident
of the Western Maryland railroad Company,
showing the present financial condition Of the
Company, and the amount Of money needed To
complete aud equip their road to Williamsport.
The city's ,peeuniary interest in this road, at
present, Is a. follows;
Two hundred thousand dollars under first
mortgage, three hundred thousand under a
second mortgage, which last was waived in IA
vor OF other parties, aud two hundred ihous-
and dollars OF its stock, making a total claim
of seven hundred thousand dollars.
This city Is liable. moreover, to the hmount
of one hundred aud twelve thousand dollars Of
the Union Railroad bonds, the value Of which
depends largely upon the completion of the
Western Maryland Railroad.
The policy Of aiding works Of internal i'm
provement, whioh, in their development Of the
country they traverse, must add Ia the mate
entire history since 1885, and Is, itself the full
explanation OF oar rapid growth within the
last few years.
The Baltimore and Ohio Railroad expericnc-
ed the benefit Of that policy in a subscription to
its capital stock OF $4,000, 600 in 1896, when In
entire prostraton, 1t was uttcrly unable to push
forward Its work NJ construction; and again, Ia
1883, at smother equally distressing crisis in its
affairs, 10 a loan Of IS, 000, 600. Ii had also
previously to the former period, received aid
OF the city TO the amount Of 100000 In 1852
the city aided the York and Cumberland Road
afterwards part Of the Northern Central kali
way,) to the amount Of $500, 900. aud previously
thereto had made that road a loan Of $3.50, 600
The Northwestern Virginia Railroad Com
panys bonds, amounting to 81 500, 000 were
guaranteed by the city In 1859, and subsequent
Iy, In 1859, she aided this road and the Union
Railroad, connecting tho Northwestern Yir-
ginia Railroad with the Marietta and Cincin-
natl Road, but In 1862 the ordinance granting
that aid was repealed. The Pittsburg and
Connellssiiie Railroad bonds, amounting to
81 ,O00,00 were guaranteed by the city in 1853,
and she has since materially aided that road.
have detailed the facts above as illustrative
OF the city's policY, and with the repetition OF
my opinion that the result thereof is before US
In the rapid growth OF Baltimore, recommend
most earnestly that you will, in your legisla-
tive wisdom and experience, resolve some
method OF relief for the Western Maryland
tsAutuhu, Wutcn snail as well secure tho city 8
presest interest as promote her future pros
perity. Very respectfully,
RoBgRf T. BASKs, Mayor.
REPORT OF PRESIDENT BOLIVIAN.
OrrioE WssrKHE MARYLAND RAILROAD CO., !
BALTIMORE, March, 1869
To his Honor, Robert z. Banks, Mayor Of BAL
timors.
Sir am instructed by the Board Of Diree-
tors Of the Western Maryland Railroad Com
pany to lay before you true statement Of the
financial condition OF the Company, and ac-
company the same with an estimate OF the sum
Of money required to complete the road to
Williamsport, q point on the Chesapeake ADD
Ohio Canal, soyen miles west of Hagerstown,
and TO equip the same with all the engines,
rolling stock, water stations, &C., necessary to
Accommodate the anticipated trade and | am
further directed To ask you TO lay the SANE be-
fore the City Council, with such suggestions OF
relief for this enterprise as may seem TO you
city and protect Il against ioss for Its endorse
ment Of the Company's bonds, and save ia
subscription To the siock.
The Company have at this time forty five
miles OF continuous road In working order, and
there 10 graded and otherwise prepared to re-
eeive the iron, the entire road between Balti-
more and Hagerstown, with the exc pdon OF
about one mile in eight different sections, and
which, under the necessary means at hand,
would be completed, and the entire road placed
10 running order, within iour moaths from the
resumption Of active operations. The total
amount required for this purpose, together
with the additional seven miles 10 Williams.
port, will be as follows:
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