The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-04-14
The ptttsbursh, wheeling d hen'
- lucky Railroad.

tho citizens thereof, to the charter and
prospects of the above named railroad
a. one which | am certain, if properly
canyassed, will commend itself alike to
the aid and interests Of the people OF
Ohio county and the city OF Wheeling
This road was incorporated by an act
of the Legislature of West Virginia
passed July, 1868. Its original destlna-
ton was from the Steubenyilie orluge
on the eastern side Of the Ohio to the
CITY of Wheeling. By its charter the
counties of Ohio and Brooke, the
several townships thereof and
the city of Wheel ing, were au-
thorized to subscribe to the cap
ital stock of said company such
sums respectively as the voters Of said
counties and city OF. Wheeling might
authorize at an election to be held for
that purpose. By virtue OF this au-
thority the citizens of Brooke, by a vote
of about seven-eighths Of her voting
population authorized her Board OF Su-
pervisors, to subscribe to the capital
stock of said company such sum as
they might see proper, not exceeding
100000. This cum has been sub
scribed by said Board, with the ProViso
that not more than sec, 900 Of said sub,
scription should be expended north OF
the town of Wellsburg, while the re-
naming $40 900 should not be paid by
said county until the Board Of Directors
should certify that the road was under
contract from Wellsburg to Wheeling.
The further sum of 81, 900 has been
subscribedby private individuals. The
capital stock was fixed by said act al
100000. The company has been fully
organized, and its Board at present con-
sists of Lewis Apologize, President;
and John Mcclure, Jr., W. K. Pendie-
ton, Samuel George, Abram wilson
and II. G. Lazear, Directors.
By an act passed in the winter oil
1869 the charter Of the company was
enlarged so as to allow it to extend Its
line to the mouth Of Big Sandy, on the
Kentucky State line, giving to the coun-
ties and townships through which the
road might pass the same rights to sub
scribe to the capital stock as were by the
original charter 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 d Ken
lucky Railroad company It's capital
| stock was enlarged to $S,OOO,OOO, and
the Board OF Directors were authorized
to receive in payment of stock sub
scription land or other property from
persons or corporations upon such terms
as they might agree upon. townships
counties and municipal corporations
are authorized to borrow money to pay
tor their subscription at rate OF not
exceeding eight per cent. interest, and
the bonds issued therefor, principal and
interest, are exempted from taxation In
the hands of the holder. This Is the
present condition of the charter OF the
company.
Since its organization the Board Of
directors have been actively at work.
They were aware of the difficulties at
tending their enterprise, arising in part
from opposing railroad interests and
probably in greater degree for the
want OF confidence on the part OF the
people of Wheeling and Ohio county,
in its earnestness and ability to accom-
plish its work. Unaided save by lew
private subscriptions from few OF the
citizens of Wheeling, they have surveyed
the line from Stubenville bridge to
Short Creek, and have found the route
more than usually eligible. They have
advertised for proposals on the first
seven miles Of the road, and find that
graduation, culvert and bridge masonry
will cost only $4,000 per mile, and 1t
must be apparent to every one familiar
with the river road that on the line to
Wheeling from Wellsburg the like work
ought not to cost more per mile.
The Board have succeeded in obtain
ing from the Pittsburgh, Cincinnati d
St. Louis Railroad Company, Of which
Thos. A. Scott is President, a written
guaranty that if this company will
graduate, erect masonry, bridge super
structure and furnish depot ground,
from Steubenville to Wheeling, then
that Mr.. SCOTS company will fur.
nish the superstructure-both wood and
| iron-erect depot buildings, stations,
and furnish the necessary rolling stock
for the use of the road, taking in pay
ment therefor the first mortgage bonds
of the company. and that he will ope-
rate the road, applying the net earnings,
first, to pay interest on bonds, and sec
ondly, to payment of dividends on
stock.
1t will be observed from the forego-
ing proposition of Mr.. Scott, that his
aid depends on the ability of this COM
pany to graduate their road to Wheel
ing, as above stated, and by the terms
OF his proposition this company has
only ninety days to accept or reject
the same, and it hence becomes
a matter of primary importance
that the citizens Of Ohio county should
promptly act with reference to this
matter, as upon them depends the vital
ity of the proposed improvement.
Under this State of facts, | have been
instructed by the Board to request Of
the Board Of Supervisors Of Ohio
county that they submit to the voters
thereof, at as EARLY day as practical
BILE, the question as to whether they
will authorize subscription on behalf
of the county, not exceeding $4,000,
to the stock of this company. On the
motion Of the President of the company,
a meeting Of the Board Of Supervisors
has Teen calledior Saturday, at which
time tits earnestly hoped that prompt,
decisive and favorable action will be
taken. Very respectfully.