The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-01-23
Wheeling and Tuscarawas Valley
Railway.
10 Me citizens and capitalists cfMe city 0
IYheeling: E

Halfway
10 tie citiseaS and capitalists Of tie city Of
Wheeling: q
GENTLEMEN 1T will be but o short
time (which will be seen by the advertise.
mcnts In our city journals) TIL books will
be opend at the town Of Bridgeport, Ohio,
Tor subscriptions 10 the capital stock of
the Wheeling Sc Tuscarawas Valley Rail.
way Company, and ! wish To call your
attention TO tho Importance OF this mat.
ter. II Is unnecessary TO go into detail
in regard To this road nj this time, as
most oil the important facts have been
placed before our capitalists. That II will
be a ilrst.class paying road when com.
pleted, and the most important one to our
city cannot be denied.
l will sNy that the gentlemen compos.
ing the cOrpOratOrs- from our own section
have, they believe, fully investigated the
facts connected with this road, and will
DO pleased 10 give any information that
may be desired at any time. will state
as near rs can the present condition and
the prospects VIC have in the building Of
this road. In the first place, We have
proceeded according 10 the law Of the
State Of Ohio, which requires before any
valid subscription cam be made to char.
tered company to build railroad that
books Of subscription shall be reg.
ularly opened ut u specified place,
easy Of access, Of which thirty days
previous notice shall be given by publica.
ton in some newspaper printed In the
county where said books shall be opened
for subscribers. At least 10 per cent OF
tho. capital stock shall be boni tide sub.
sCribed, (Which means such subscribers as
may be vouched for by the corpOratOrs J
50 far we have complied with the law.
The amount now Of subscriptions we
want is two hundred thousand dollars,
(the capital stock being two million dol.
lars) which subscriptions have TO DO made
before the company can elect their direc.
tors and fully organize; so we must expect
subscriptions from the citizens Of Wheel
ing Of at least one hundred thousand
dollars. The balance at Bridgeport
and along the line Of the road.
The conditions of all subscriptions
are such that If the road does not 90 on,
then said subscriptions are not valid icon.
ditiOns that we would be pleased to have
examined Of any time)
The prospect with which we start out
in the building Of this road has been stat
cd before; but for the information of our
citizens, we will again mention that
we have now written understand.
ing with the Lake Shore & Tuscarawas
Valley Railway, (which is now rapidly
being built, and cars running on por-
ton OF said road, and will, we have no
doubt, be finished the first Of October
next, with letters signed by Mr.. Streator,
their President, and by NIr. Cham.
berlain one OF their directors,
both gentlemen large stockholders in this
road, pledging themselves ON tho part of
their road in the consolidation oil the two
companies, SO soon as the Wheeling &
Tuscarawas Valley Railroad Company
shall be organized and the road placed
under contract. By this arrangement we
will be placed on IN equal footing with
the Lake Shore & Tuscarawas Railway
Company, and with the same guarantee Of
our bonds from the Central New York
and Lake Shore roads US their company
now have, which will give the bonds Of
our road, when placed upon the money
market, near their par value. And we
most assuredly believe by subscriptions to
the amount Of five hundred thousand
dollars the road can be built, and with
u liberal subscription from the city
of Wheeling and her citizens with Bridge.
port and along the line of the road that
this amount can be raised and the road at
once go IN.
What VIC now ask is subscriptions for
organization, and VIC hope our people
may at once wake up 10 this important
road TO our city, SO VIC wish to see you
come forward on the LIST day Of February
next and give us all the encouragement
you can I'D literally subscribing 10 this
work. CORPoRATOR.