The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-01-10
PITTSRURGH, VIRGINIA AND
CHARLESTON RAILWAY.
Annual MeetinG-EIectiOn OF Ofii-
cers-PrOgress of the Work.

Animal Decentralization of Off
cers-PrOgress Of the Work.
The annual meeting ofthe Pittsburgh,
virginia and Charleston Railway Com
panv, was held on Monday at their
rooms on Fourth avenue, Pittsburgh,
DR.. Samuel Rea, OF the Peoples Bank,
was elected chairman, and Mr.. D. +.
Corwin was chosen Secretary.
B.F. Jones, Esq, President OF the
Board, then submitted the annual re,
port, showing the operations for the
past year. The report is as follows
To the Stockholders of the Pinsbrryh
Virqinia and Charleston Rail,o0y Com
pany;
Your Board of Directors respectfully
report that since your last annual meet
inc the line OF your road has been care
fully surveyed to the West Virginia
State line, a distance of eighty-seveu
miles, and most Of the line finally 10
Gated.
The river route Of the Monor gahela
Valley is proven to be decidedly the best.
Its grades are remarkably favorable.
The graduation, masonary and bridging
on this line will be comparatively mex
pensive.
That part of the line between the
Pittsburgh, Cincinnati and ST. Louis
railway, In South Pittsburgh and Beck {
run, was placed under contract last
july, and that from Becks run to
Dravosburg in the following month.
The graduation. masonry and bridging
to Beck's run is nearly completed, and
some rails are laid. 1t is believed tn at
this part of the road will be ready to
operate by the 18th OF next month; the
work between Beck's run and Dravos,
burg is progressing favorably, and will
be ready for the rails within the next
two months. The road bed and bridg'
ing from the intersection with the
Pittsburgh, Cincinnati and St. Louis
railway, to a point opposite Turtle
creek, are being prepared for a double
track, and it is the intention 10 lay two
tracks of sixty-fve pound rails to that
point. The upper part OF the lire will
be graded for a single track, and lighter
rails can be used.
Subscriptions to the capital stock OF
the company have reached an amount
exceeding 100000, which is made
ouate, as basis, for the economical
building and speedy completion OF your
road to the State line. Your Board
recommend that you take such action
as will increase the capital stock com.
mensurately with the work % be ac'
complished. Your Board also recon-
mend that you authorize the incoming
officers and directors to create mort,
gage, and issue bonds on your line OF
railway to an amount not exceeding
q, 100000. Also, that You formally
accept by resolution the various supple
ments to the charter and other legIsla-
tive euactments applicable to this cor
poration.
For detailed statements Of the Eng.
neering Department and the financial
condition of the company, you are
respectfully referred to the accompany
ing reports of J. NJ. Byers, ESQ, Chic
Engineer, and D. P. Corwin, Esq
Secretary and Treasurer.
The report of the Chief Engineer
was then read, giving the details OF the
operations mentioned In the report OF
the President. The Secretary and
Treasurer also submitted brief state
ments. The reports were all received
and approved.
An election for directors TO serve Tor