The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-01-30

| hnS his labor 10 SCH, DeCAuso " WIN ~
crease the demand for 1t, increase your
productions and in every way-enhance the
prosperity of the city. As my friend
Sweeney has said, although youmay have
made indiscreet investments in railroad
enterprises in time past, yet the expe'
rience Of the past ought to teach us TO
manage uttlrcinvestments with more care
and discretion. would not permit your
money to DO taken away to the Northwest
crn end Of the road and expended there,
but the first thing | would do would 10
to bridge Back River, and then dig on
from that enthusiastically Us far MS your
money would 60 and meet the money that
may DO contributed from other sources
That is the true theory about
1t, US 1t seems To me. | don't
see how II Is possible for this road
to be anything but good investment for
this city. do not speak Of the value OF
the stock or the dividends to be paid on
1t, but speak Of 1t rs an Investment that
win enlarge tho business of the city and
one of that Is necessary to its future busl'
ness prosperity.
Ihaye said, I think, oil the occasion
requires, and all perhaps that your pa
tience will permit, and thank you for
having heard me so patiently.
Mr.. THOMAS SwEENEY-ThGre arc
other gentlemen here who know have
information on this subject aud hope
there will be general expression OF opin.
ion, taking 1t for granted that after We
commence voting the speech'maklng will
probably be done.
Mr.. JOHN r, HUBBARD-Alr. Chairman,
have to acknowledge n very cursory cx'
animation Of this question, and have come
here to DO enlightened upon II. The point
that strikes mo US the most fOrClble one Is
particularly the one in regard tothe bridg.
Inc OF the river. If the city Of Wheel.
| ing should take an interest In that road,
and should vote to subscribe to II, In my
humble opinion not one dollar OF II should
90 beyond building the bridge. The ad.
vantage Of the town Of Bellaire today Is
simply that they have bridge there over
the river; and | do not think any railroad
company coming iutO the city Of Wheel.
ing would be willing TO bridge across
Black River simply to get lMlr IL mile
nearer to the city Of Wheeling; anu /
cannot see wherein this city Is To be ben
Gifted by the road to very great extent,
unless we have bridges to bring It to the
city Of Wheeling; and Therefore until !
could sec that point very distinctly, |
don't sec that Wheeling could be very
much benefited by having an interest in
such railroad.
CAPT. cocIiRAN's SPEECH.
Capt. r. II. CoCHRAN-Mr. Chairman
l am not a capitalist, but | am interested
in the welfare of the city, and Of those
who are capitalists. think myself II is
not IL matter for us to consider just now
whether we will build the bridge alone or
do more. think 1t is TO our interest to
do what may be necessary, ind what we
may be able 10 do, TO secure road ter.
minating here or in this neighborhood.
Last Monday was coming down from
Columbus over the Central Ohio road.
At Newark an extra car was attached to
the train, and In 1t were number Of gen
tlemen from Toledo, referred 10 by Gov.
Stanton. Being acquainted with the con.
ductor, l went into the car, found who the
gentlemen were, and talked TO them Us
earnestly as | could until We separated at
BenwoOd. learned that there arc five
gentlemen In Toledo. called the "Trustees
OF the Toledo Fund,".a fund of $450,0OU.
Four Of the five were in this car, and with
them were the President, Vicc.Prcsident
and Secretary Of road called The TOle-
do, Ann ArbOr & Northern Road, most
of whom lived at Ann ArbOr, Michigan,
(Which road would be merely II continue.
ton Of this proposed line to Toledo) Those
gentlemen were on their way to Balti.
more TO secure the assistance Of the Bal.
timorc and Ohio Company in the construc.
ton of II road from u point on the Central
Ohio to Toledo They told mo what the
two points were they desired to secure in
such road. They wanted southeast.
crn outlet and wanted to get into the
coal field in this region of country. !
happened to have with me the last issue
Of the Geological Survey OF Ohio, aud the
illustrations and explanations in II. happen.
cd to be such that could represent to
them the peculiar advantages that we
here possess over any other point, es-
pecially us it regards the accessibility
| VI llG Cbul lAOll u AulllDkh lllIs AhGoG
gentlemen said they felt favorbly in.
ciined towards our city, had heard Of her
wealth and people, and Tor the most part
were more inclined to come here than
any other point, yet that they were
limited somewhat. They did not inform
me to what extent. l endeavored to
induce them to stop over in the city that
evening, and they were very nearly per-
suaded to do SO.
am very well acquainted with the
people across the river for number OF
miles out All the people to tie left OF
Wheeling Creek feel 1t Is 10 the interest
Of Belmont county that that road shall
terminate at Bellaire, because twill rapid
ly build up that city and bring large ag.
grcgate Of wealth TO Bellaire. For we
all know that II this road Is built q large
number Of people will congregatu along
there, miners and wOrkmen who will be-
come consumers and who if we bring
them In this direction will contribute to
the market Of our place. These Toledo
men say when they get our coal they
want TO furnish us their lumber; and Il
will be great advantage to us In other
ways that might mention.
It seems to me, us Gov. Stanton has
said, that II Is not for US to consider now
whether we are particularly in favor Of
Wheeling Creek or Short Creek route.
In either event this road will traverse
large coal region. The farther South you
go the more rapidly does the coal vein dip.
Capt Cochran then, to show the view
taken Of the subject by the people Of Bel
laire, read from an address prepared by a
committee appointed bya recent meeting
OF citizens there. and added that large
part OF the wealthy men Of Belmont coun.
ty agreed with the Bellaire people in ia.
voring that point in preference to Wheel
ing, He thought the people Of Wheeling
should look to their interests in trying to
secure u road terminating here, there.