The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-04-14
The Pitt,burgh, wheeling and Ken
lucky Railroad.

/ EdikDTh OF the 4ntCIlkGnSeI'
Permit me through your columns to
call the attention OF the Board Of Super.
yisors Of the county Of Ohio and the citi-
zens thereof, to the charter and prospects
of the above named railroad, as one which
am certain, II properly canyassed, will
commend itself alike to the aid and inter.
ests Of the people OF Ohio county and the
city Of Wheeling.
This road was Incorporated by an act
of the Legislature OF West Virginia, pass
ed July, 1868. Its original destination was
from the Steubenville bridge, on the east
ern side Of the Ohio, to the city Of Wheel
ing. By its charter the counties OF. Ohio
and Brooke, the several townships there
OF, and the city Of Wheeling, were au-
thorized to subscribe TO the capital
stock Of said company such sums
respectively as the voters Of said
counties and city Of Wheeling might
authorize at On election TO be held for
that purpose. By virtue of this authority
the citizens Of Brooke, by avote Of about
seyen.eighths Of her voting population,
authorized her Board of Supervisors to
subscribe TO the capital stock Of said COM
pa1y such sum as they might see proper,
not exceeding 100000. This sum has
been subscribed by said Board, with the
proviso that not more than 5000 Of said
subscription should be expended north Of
the town OF WellsbuTg, while the remain
ing $4,000 should not be paid by said
county until the Board Of Directors
should certify that the read was under
contract from Wellsburg TO Wheeling.
The further sum oil gel, 1000 has been sub
scribed by private individuals. The capt.
tai stock was fixed by said act OF $500, 900.
The company has been fully organized,
and its Board at present consists of Lewis
Apologize, President; and John Mcclure,
Jr.. w. K. Pendleton, Samuel George,
Abram Wilson and Ii. G. Lazear Di-
rectors.
By an act passed in the winter Of 1860
the charter Of the company was enlarged
so as 10 allow Il TO extend Its line to the
mouth Of Big Sandy, on the Kentucky
State line, giving to the counties and
townships through which theroad might
pass the same rights 10 subscribe TO the
capital stock as were by the original char.
ter given TO the counties OF Brooke and
Ohio.
The charter was further amended at
the last session Of the Legislature. The
name OF the company was changed TO
''the Pittsburgh, Wheeling & Kentucky
Railroad company" Its capital stock
was enlarged to 5000 900, and the Board
Of Directors were authorized to received in
payment Of stock subscriptions in land or
other property, from persons or corpora.
lions, upon such terms rs they might agree
upon. townships, counties and mum.
cipal corporations arc authorized to Dor.
row money to pay for their subscriptions
ct o rate not exceeding eight per
cent. interest, and the bonds issued there.
for, principal and interest, ore exempted
from taxation in the hands Of the holder,
This Is the present condition Of the char
Ter Of the company.
Since It's organization the Board Of Dl.
rcCiOrs have been actively at work. They
were aware OF tue difficulties attending
their enterprise, arising in part from op.
posing railroad interests, and probably in
greater degree Tor the want OF conf
dGncc on the part Of the people Of Wheel
ing and Ohio county, in lis carnestnesS
and ability TO accomplish It's work. I'm.
aided save by few private subscriptions
from few OF the citizens OF Wheeling,
they have surveyed the line from Stcuben-
vile bridge TO Short Creek, and have
found the route more than usually eligi.
bic. They have advertised for proposals
on the first seven miles Of the road, and
find That the graduation, Culvcrt and bridge
masonry will cost only $4,000 per mile,
and II must be apparent to every one IA.
mlliar with the river road that on the
line to Wheeling from Wcllsburg, the like
work ought not 10 cost more per mile.
The Board have succeeded In obtaining
from the Pittsburgh, Cincinnati & st.
Louis Railroad Company, OF which Thos.
A. Scott Is President, written guaranty
that il this company will graduate, erect
masonry, bridge superstruCturcS, and fur.
nish depot grounds, from Steubenville to
Wheeling, then that Mr.. SCOTS company
viii furni h the superstructurc-both
wood and iron-erect depot buildings, sta.
tions, and furnish the necessary rolling
stock for the use Of the road, taking IN
payment therefor the first mortgage bonds
Of the company, and that le will operate
the road, applying the net earnings, first,
TO pay interest on bonds, and secondly, to
payment Of dividends on stock.
Il will be observed from the foregoing
proposition OF Mr.. Scott, that his aid de.
ponds on the ability Of this company to
graduate their road to Wheeling, as above
stated, and BY the terms Of his proposition
this company has only ninety days TO &c.
cept or reject the same, and 1t hence be-
comes a matter Of primary Importance
that tho citizens of Ohio county should
promptly act with reference to this mat.
ter, as upon them depends the vitality Of
the proposed improvement. Under this
state of facts, have been instructed by
the Board to request Of the Board Of Su.
perviSors Of Ohio county that they sub
nit 10 the voters thereof, at as early day
as practicable, the question as to whether
they will authorize u subscription on be.
half Of the county, not exceeding $3.50, 600,
TO the stock Of this company. On the
motion Of the President OF the company,
q meeting OF the Board Of Supervisors
has been called for Saturday, at which
time It is earnestly hoped that prompt,
decisive, .fIpordbls action will be taken.
Very respectfully,
]. II. PENDLETON.
Suspension OF n Louisville Savings