The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1869-04-08
COLUMBUS, TIFFIN & ToLE-
DO RAILROAD,
100000 Stock Taken
IT'S oReAN1zArIoN.


having been taken. The follow
ing gentlemen were elected
BOARD or DIRECTORS.
Luther A. Hall,
r, w. Shawhan,
James s. Yerk,
john T. IIuss,
John d. Loomis,
J. NJ. Naylor.
Jacob Scheibcr,
Henry Thomau,
A. T. Barnes,
w. p. Noble.
Luther A. Hall was elected Prcsi
dent Of the road and John d. Loo
mis-, Secretary aud Treasurer.
A resolution was also passed, ap
pointing Jesse r.. Strahan, Engineer
Of the road, and declaring that ne
officer Of tho Company shall receive
pay until negotiations warrant The
commencement of the work. A
committee was appointed to visit To-
lodo 10 confer with the citizens. Ez.
tracts from the Toledo Bade:
MEETING OF CirIzENs.-To day
9th ult., after the adjournment oI
the Board Of Trade, i. j King, Esq,
announced that he had received q
telegram from Mr.. Hall, President
Of the Toledo & Crestlnc r.. Il. Co.
stating that a committee in the in.
terest Of said road would visit Tolc-
do on Monday afternoon next.
On motion, Hon, Q. A. King wa,
to the chair, and @. n. Wales ap
poiatod Secretary, after which Mr.
King stated that no recently had an
interview with Mr. Hall, and had
learned from him that arrangements
had been made with the Pittsburg,
Fort Wayne & Chicago Il, r. Co. by
which that corporation would guaran
tee tho sale Of bonds to procure iron
for tho Y, & G. Road ms soon as the
road bed was ready, and also pledges
from that corporation that il would
pro rate on freight with connections
Of the Crestlino road MS soon as the
latter was completed. Mr.. Hall
further informed him that all the
money required on the limo Of the
road was 100000, fair proportion
of which Toledo would be expected
to raise, Tim, Crcstline and other
points have signifed a Willingness to
furnish their proportion Of the
amount.
1t was moved that committee Of
citizens be appointed to receive aud
entertain the committee representing
the 7, & G, i. Il, Co. aud the meet
ing selected tho following: A. d,
Peltou, s. NJ. Young, Il. j. King, II,
.S. Walbridge, G.. w. Davis, Il. j.
Scott, Hon, II. Mott, j. II Whitaker,
j, G, Curtis, Hon 9. A. King, G, II
"l'ne meeting then adjourned.
TOLEDO d CREsTLINE Il. R.-Last
evening, eth ult.. delegation rep.
resent Ting tho Columbus, Tiihn & To-
ledo II, II Co, arrived in this city for
tho purpose Of asccrtaiuing whether
Toledo would operate in the build
ing Of road from this city to Crest
line. Tho delegation was met by Q
committee Of citizens, and at 8 o'czock
n m citing was hold at tho Office o
Hon. X, Mott, at which G.. w. Davi,
was appointed chairman and c. T
Wales Secretary.
An organization perfected, Mr.. l.
A. Hall, President Of the new compa
ny, explained the object of the visit
of tho delegation. lie stated, as al
ready reported ia tho Bipde, that
company had been organized, aud the
project Of building road submitted
to the Pittsburg, TT, Wayne & Chi
cago Railway Company. The capi-
tai Of the new Company was 81 900,
600; Tiilin has subscribed Sl00, 900
aud it was necessary to raise alou,
tho entire route, 100000. If thi
amount can DO secured tho p, Ft
W. \ c. Railway Company will guar
antee 81 900, 900 of the bonds of tht
new Company, and upon the compile
tion of tho road will lease the lin,
between Crestliuo aud Toledo. AnC
pay the r. & g. Railroad COMPANY
I6 per cent, Of the earnings of tn,
line. IL is estimated that tho roaC
will cost about 81 100000 cxclusiv,
Of depots, rolling stock, aud bridg,
over Maumoo River. Mr.. Hall saic
that if the p, Ft. w. & @. Compan,
lease the new road, that Compan,
will stock it. 1t is believed tha
$4,000 will be more than Euilicien
to grade the road and prepare it fo
the ties.
Mr.. II said they desired to pros
cure subscriptions in this city amount
ing to $3.50, 600 at least 5000, 600.
| On motion OF Mr. Mott a commit
tee was appointed to canvass. with
view to ascertaining how much en-
couragement to the enterprise can b.
secured ia the city. The chair nam
ed as such committee, llou. II, Mott
j. IL. Whitaker, L. j, King, aud L
j. Scott, and tho chairman. MI
Davis, was added,
| A member of the delegation state
that Woodyillo had subscribed SCI.
900, aud would increase the amour
to $50, 900, Sulphur Springs $50, ,0OC
and that no doubt exists that tho on
tire amount of 100000 would
easily secured, il Toledo will tax
stock to the amount of 100000,
The meeting then adjourned, wit
an appointment for the Toledo com
mittee to meet at tho Office of L
Mott, this morniug at 6 o'clock.
Speaking Of this matter. tho Blad