The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-12-25
THE RAILROAD UP The RIVER,
Moro Excellent Reasons for Build
ing 1t.
lis Value to Our Manufacturing
Interests.
Tho Development of Manufacturing
sites AbOve the City.
How the Road Would Pay the City
B, and County.
A Measure. Of Observation-Disclosures
be Built to Keep Capital from
Gong Out of the County.

pc BulIL 10 heep OdplhllIum
Gong Out of the County.
At the railroad meeting, held at the
Court House in this city Wednesday
evening QOth) upon the conclusion Of
President PENDLEToN's remarks, calls
were made for HON. @. D. HUBBARD
who, responding to the call, said;
Mr.. President, II l thought l could say
anything that would throw any additional
light on this subject, would be very glad
TO dose As has been clearly shown, we
need this river road; and the few remarks
shall make will be with reference to
that.
| may say have no opposition what
ever to the roads in Ohio | was one Of the
incorporatOrs in one OF them and stock.
holder, having made an actual subscrip.
ton, Tor small amount to be sure, 10 the
one already organized. Therefore, may
say have no opposition to these roads.
The remarks | make, however, are with
reference to the road spoken of by Mr.
Pendlelon.
We need 1t tirst-and speak now as a
manulacturer-as o means OF competition
with the Baltimore IL Ohio Railroad. We
can reach by the proposed road every
point east and west that VIC can reach by
the Baltimore & Ohio. Let me illustrate
by a single example the advantages OF this
competition. AS many OF you are aware,
within the last year have become inter.
csted in one Of your nail manufactures.
When went into that the freight on nails
was Is cents per hundred pounds to
Cleveland, Ohio. A key oil nails weighs
100 pounds, the nails 100 pounds and
the key six pounds. The freight on
q keg Of nails was, therefore,
nearly sixteen cents. The Baltimore Il
Ohio railroad made an arrangement by
which they would put our nails In Cleve.
land for fifteen cents q key. The Cleve.
land road came down promptly to the
same figures, A cent key is asmatter
OF very considerable importance. 1t
seems small thing on single key but
when you make 100000, or 10000, or
200 900 kegs, as some of your mills each
make in q year, 1t Is $1,000, 1900 or
1000. OF course 1t Is essential to large
manufacturing establishments that they
reach the point of sale at the lowest pos.
sible rate, and at as low rate as any Of
their competitors.
we need the railroad to bring to us
the materials the manufacturer uses-fOr
instance, the ores from Lake Superior TO
manufacture iron. Within the last year
Wheeling capital has gone on tho other
side of the river and built q furnace
which will cost 5000, 1000 by the time 1t Is
fully In operation, for supplying the
Wheeling market with iron. They do
not propose 10 send the iron TO Pitts.
burgh, but to bring II to the Wheel.
ing market. Why build furnace on tho
other side Of the river rather than on this :
Simply because they had railroad on
the other side, and none on this. | am
safe in saying Tor that, and no other rea.
they must have a railroad
in order to get materials rs cheaply as
possible. .'.
We need this road Tor manufacturing
sites. Because Wheeling Is q manuiactur.
ing city or nothing. BY manufactures we
must live and grow and prosper The
commercial interest, much rs l honor and
respect 1t, must come secondary in the
history oil Wheeling. Your best sites
now accessible by means Of rAilroad arc
oil taken up in ohio county; and within
tho last year Wheeling capital again has
gone into neighbOring county to build
furnace costing more than $500 1000 and
that goes to swell tho tax valuc Of an
county and to diminish
that oil your own. That furnace |
ought 10 have been in this county, but
your best sites were oil taken up. Open |
up these sites lying up the river, by q
road, and within five years | am satisfied |
there will be ut least one furnace built.
Build one furnace; say II will be only |
100000: Each furnace or mill must
have dwelling houses for its men. They
will have families, so that population
from 500 to 1000 will soon gather around
1t, thus forming the nucleus of town,
adding TO the taxable value Of your
county just the amount that Is placed
there. Ten years alter this road shall
have been completed TO the Panhandle
road there will be in this county add.
tional taxable capital invested along this
line Of road that will amount to Of least
one million of dollars.
Suppose this subscription shall be
$2OOO0O or $225,000, or whatever may
be necessary. For the sake Of max.
ing the calculation let the interest
be y per cent on 100000 or 7 on
$22O,OOO. 1t will come within few hun.
dreds OF $4,000 interest. Suppose you
get nothing from the road. You issue
your bonds with an interest Of $4,000
annually. That Is just one mill on a dol.
lar of the taxable value Of your county.
that to I've fifteen millions Of
dollars, or ten cents on the 800 valuation,
II this road Is built we may reasonably
anticipate that in the next ten years ad
dltional capital will be invested along the
line in the mills, factories and furnaces
that will be built and the towns spring. |
Ing uparound them, Ito say nothing,Oi the |
road itself as subject Of taxation which |
will add to your tax list more than mil |
lion Of dollars and probably double that
sum. The tax on this alone will pay the
interest on the bonds, Our annual tax,
county and State, Is about 81 80 on the
800 valuation. That rate on a million
dollars pays your $4,000 interest, and
pays II from this increased capital on that
line OF road and the rest Of the county has
no additional portions bear. have zone
on the superstition that the road
does not pay anything, but that we get