The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1870-03-24
wsalsrn Maryland RaIIroaa Eytenalon.


From the Annapolis correspondence,
Of the Baltimore americaa, we make tn,
following extract:
The siasersent made BY The 1nsericaa
some tia e since, that when the CONSTRUCTION
q the Western Maryland from Baltimore d
hagerslowa had been once clearly deter
mined upon the question OF its completion
from that point to Cumberland was also set.
tled, has been confirmed by the devotion,
ments Of the past few days The liberal
action OF Baltimore in endorsing 81, 400, DOC
OF the Company's bonds for the building
and equipment of the road to Williamson
has attracted the attention Of capitalists IN.
terested IN the coal mines Of the Camber.
land region, aud they have come forth with
the funds TO finish the road to that point.
Al least S4O,OW,U0O Of capital are invested
IN the coal mines Of Allegany, and their
Development, SO long delayed by exaciing
and discriminating tariffs, by the lack OF
competition an the carrying OF the product
OF the mines, and by unfair and unjust treat.
ment OF the producers, will soon commence.
Mr.. William d. Aspinwall, Of New York,
some taree years ago assured Hon. John Lee
Chapman, then Mayor Of the city, and also
President OF the Western Maryland Railroad,
that he would furnish the capital-some S.
00o,OO0-ior the building OF the road from
HageTstown TO Cumberland himself; and
rnmor says, how truthfnlly | know not,
that he has promised the friends of the
Company TO redeem this pledge. Some
body has, however. backed the enter
prise, as a bill was read the first time in the
House Of Delegates on Friday, ineorpora.
ting The Western MARYLAND Railroad Ex-
tension Company to construct the pro.
posed parallel line The new COMPANY
is thus relieved from all the debts and liabii.
tiles OF the present Western MARYLAND Rail.
road, the line from Baltimore 10 Williams
port being responsible therefor, and that
from Wilhamsport to, Cumberland being
exempt from all claims, but the two roads
will form close connection and il is pre-
sumed be operated us one and the same
concern. The following is digest Of the
pending bill, which was introduced BY Mr..
Neil, of Washington county:
Section one names Robert L. Banks. John
Lee Chapman, Wendell Bollmau, Charles
J. Baker, George NJ. Bokce. c. Morton
Stewart, William Keyser, Robert I. Bald
win, John A. Robb. James {. Clarke. VIM.
A. Fisher, George W. Harris, John X.
Lougw,ll, Joshua Biggs, John Meliy, Isaac
Mouer, John Humbird and John N. Stan
dish as cOrporators, and invests them With
general corporate powers.
Section two provides that the capital stock
OF sand Company shall be three millions Of
dollars, divided into shares Of fifty dollars
each; after the said Company shall have
constructed seventy miles OF its road the
capital stock may be increased from time to
time at the discretion of the President and
Directors Of said Company By an additional
amount not exceedingone million OF dollars.
Section three empowers the corporators
to take subscriptions to the capital stock Of
said Company.
Section four provides that as soon as sub
scriptions TO the amount Of one hundred
thousand dollars are subscribed the corpO.
rators shall call meeting of the subs cribers
to SAID stock, giving twenty days notice by
publication IN some newspaper in the city
OF Cumberland and also in the city Of Bal
umorei aud at the said meeting seven Di.
reciors shall be elected from the subscribers.
Atali elections each subscriber or stockhold
er shall be entitled to one vote for each
share Of stock Subscribed for by him. No
stakeholder who is iu default OF payment OF
any instalment or part thereof, shall be en-
titled to vote
Section five provides for the election of
seven Directors annually, on the second
Wednesday of October.
Section six provides that the duties ofthe
President and Directors shall be the same
as those of the Western Maryland Railroad.
Section seven provides for general
a. -i,..I IL
mentioned tseeond Wednesday ofOctober. J
and for such other meetings as may be
necessary.
Sections sight and nine relate to matters
Of discretion and detail in the organization
of the Company.
Section ten provides that the road shall
extend from any point on the Western
Maryland Railroad in Washington county.
to any point in Allegany county The bed
OF the road shall not exceed sixty,six feet
The condemnation lands shall be the same
as provided in reference to Western Mary
land Railroad. The Presilen and Direc-
tors may lease this road and equipments
tothe Western Maryland Railroad Company
and no other.
Section twelve provides that any private
corporation chartered under the laws of
this State may subscribe 10 the capital stock
of this Company.
| Section thirteen authorizes the President
and Directors to issue the bonds of said
Company from time to time, TO an amount
not exceeding three millions of dollars, of
such denomination, and payable in such
manner as they may deem best and to Sc
cure payment of said bonds by the execu.
ton OF one or more mortgages on the road