The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-12-09

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or three times, and no difficulty reported
II was somewhat rugged IN its character
As TO the merits Of the respective route
talked Of, he was not advised sufficiently
to express an opinion bel zen them.
Gov. STANTON inqpired VIII thhFi II NJ
could build The road ron here 70 DENIM
son there would beany probability OF max
ing. a consolidation so as to have through
line, and give US the benefits of thei
contracts with other roads at Grafton ant
Elyria.
Col. ALLISON asked what power thu
organization represented by DR.. Sreato
had to mid us by an extension Of theil
road, or by aiding a new company.
Judge TYLER, OF Cleveland, the attor
ney oil the l.. 5, u T. v. Company, sale
the law in Ohio had been for some tint
that railroad company could consoli
date with another road in It's own State
and aid that road by its money, on thu
affirmative vote of majority Of Us stock
holders, and purchase the road, own Il
or lease 1t, Two or three Year, ago or
additional law was passed giving thu
same right 70 own or purchase roads II
other States, and allowing roads in othel
States To purchase roads In Ohio. That
Is the law at the present time. The L. s
u I. V. Company has a charter from q
Junction with the Lake Shore s. Mich
gan Southern to point In Tuscarawas
county, connecting with the OLDHAM han
die road, now under a different corporate
name. But tho law only allows that
charter 10 extend into the county of Tus
carawas and the adjoining county
hence II would not reach Wheeling
The only way-or the way proposed-in
which the two roads could DO united Is,
under the law, either by purchase or con-
solidAtion. The company formed here
could 60 on and organize and commence
constructing its road. The l.. 3. u 7. V.
Company could purchase and own 1t, or
they could go on toa certain point and
then the two roads could consolidate and
thereby become ono corporation, joining
their stock under certain conditions
think there would be no
trouble, under the laws OF Ohio, in reach
ing the city OfWheeli1g. -
Mr.. STANToN-Wonld the consOlida.
ton Of the line affect your contracts with
the other roadsp ....
Judge TYLER-They would not, We
would still have the benefit Of those con.
tracts. Where railway company Is try
Ing TO get rid Of contract and to evade II
he would regard the contract Of little con.
but he would apprehend that in
this case there would be no opposition
from these companies. Ho thought they
would Cheerlully unite In any contract
that would DO so desirable Us this. Pre-.
suming an extension Of the l.. s. & T. V.
road to this city would be advantageous
10 them no should expect there would be
no opposition TO 1t from those companies,
but that they wOul d unite in tho cOnstruC.
lion Oft and aid Il by giving 1t facilities.
Col. ALLISON asked II there was any
way 10 obtain change In the charter OF
the L, 3. Il nv. Company so as to eX.
lend TO this city, .,,'
Judge TYLER replied that he did not
any law under which char.
.Cr could be amended so that 1t could be
extended. He thought il could not 10
lone. lie did no. think law permitting
such thing would he a fair law, whether
Ornot. PaPt1es, rights would
DC materially changed, when road was
to run 10 one point and after.
wards changed to another, unless there
vas u provision by which there could DO
! vote Of the stockholders. He thought
here was no law by which n charter could
u amended so rs TO extend beyond Its
present terminus. But 1t was matter Of
Practice, and q very common way olbnild.
ng roads, with q view of uniting with
,ther roads. The New Lisbon branch was
Iuilt In that way, with view Of uniting
with the Mahoning road. 1t isfrequently
lone under this law, which Is very lib.
lral one. All that is necessary To be done
8 to get the concurrence of the stockhOld'
.rs to either purchase or consolidate.
Mayor JEFFERs asked whether the L.
J. Il 4. V. Company was chartered by
Jpecial act or under general law.
DR.. STREATOR said under general law.
No special charters are granted in Ohio
lie thought the best way would be to
organize q new company under the aus
ices of tho L. s. & 4. V. Company, and u
contract could be made Immediately with
/ view to purchase, consolidation or
ong lease. That would be the easiest way.
Mr.. SWEENEY understood you tosay
you would do something II VIC did our
,art Please explain.
DR.. STREAToR--I think the road can
70 built, II II Is u practicable route, II there
,an DO enough Of local subscription for
basis raised onitho line OF tho road;
hat then the securities Of the road can
70 so handled that 1t can be built.
Mn. SwEENEY-With the agency Of
hat road
DR.. STREAToR-Yes, sir.
Col. ALLisoN-What amount would
'ou consider would be n "basiS."
DR.. STREAToR-I can hardly tell you
hat. do not know what the line Is and
What the road would cost.
Col, ALLGsoN-You have MIR. Dickens.
lerler's report. sn
DR.. SrREAToR-.I have his report. have
levor seen his profile. ! have seen some
,roflles Of this limo or some line from that
cction OF country to the river. They are
,retty heavy.
Col. ALLisoN-Mr. Blickensderler's es-
mates ON tho various lines were In the
of million and quarter
o prepare the road for the superstructure.
What would you consider basis for us
o furnish in the city and between here
md DennisOn.
DR.. STREAroR-.Two.thirds Of the
mount. 49,, u
CnI AtIIsoN--That would be A little |