The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-12-28
rhe W. 4 T. V. RAILWAY company.

The w, Il t. v. Railway Company
The corporatOrs of this company give
notice in our advertising columns that the
books of the company will be opened for
subscription at the Bridgeport Bank on
the first of February. BY that time the
company will be fully organized and on
working basis. AS the names OF the
corporators indicate, the new company IS
a union of the Lake Shore and Tuscara'
was Valley company with tho interests
between the terminus OF that road and
this city. The Wheeling and Bridgeport
corporators are among our most energeuc
and substantial capitalists, and the pres
ence of such material promises that the
organization will be a live one. Conf
dence is felt that II subscription can be
be obtained from this city, enough can be
raised at Bridgeport and along the route
between there and Dennison, TO constitute
a "basis" on which money enough can be
raised to build the road, and the backing
which the new company will have from
the l.. S, g. T. V. Company will aid this
result very materially.
1t will be remembered that some
months ago Council adopted resolution
asking the Legislature to authorize q
SUBSCRIPTION by the city, (uot exceeding
$300OOOJ to some road running from this
city ENTHUSIASTICALLY into Ohio, having
its terminus within tho city limits. The
passage of the necessary act will be, we
presume, o matter OF course, and the Ohio
county members will doubtless sec that 1t
is done without unnecessary delay. This
might be done done by the Goth Of Janu'
airy, an official copy could be obtained,
probably, in week or ten days, and
Council could take action on 1t early in
February. Meanwhile those capitalists
who intend to make individual sub
csriptions will have led the way; and the
company will then DO in u position
to appeal very strongly for the aid which
the city will be authorized to extend.
There Is to be contest, apparently,
between the W. IL T. y company and
the Wheeling Il Lake Shore company
for the subscription of tho city. The lat.
ter company is making energetic efforts
to get its affairs into Shape, preparatory to
putting in It's claim. The President of
this company, rs we have noticed, hAs
gone east, Nnd.gavc out, before leaving,
that hc expected to bO able, while there,
to negotiate contract for the building Of
the whole line of the road. Just what
this may signify, we do not know. It Is
easy enough to negotiate for the building
Of a railroad, if one has the money to pay
the price. Ordinarily, the rub Is TO raise
the money We suppose, from what has
been said heretofore, that tho W. u Il. Il
company design contracting on the basis
of given local subscription per mile.
Mr.. WOOD stated ut the Court House
meeting that responsible parties were
willing when $4,000 n mile had been
secured, to take the balance Of the stock
and build the road. We understood his
statement to be that for this 100000 a
mile in money and $4,000 in stock, Or
$4,000 mile in all, responsible men
would build and equip the road Tor run
ming. A contract of this kind, VIC pro-
sumo, is what Is now contemplated.
When the time comes Tor the Council
TO determine to which of these roads II
will lend its aid, tho decision may be cS'
pGcted to turn on which can make the
best show Of real progress. For ourselves
VIC believe the city ought 10 subscribe
to both. These roads ought not
TO be rivals. There Is field enough
for each, and VIC hope in time to see both
built. II seems to DO expected, however
that for the present the city can old but one
and they necessarily become competitors
for that subscription.