The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-01-31
,enntat;on Of the Dover and Mas.illou

1Is
report of the Lake Shore and Tuscara
was Valley Railroad Company, dated
November Is, 1871, "In Scotland the
black band ore occurs in beds OF from
three inches to three feet in thickness
The average thickness OF its beds is moi
greater than from twelve to eighteen
inches; and occurring at considerable
distance below the surface, the ex
pense of shafting, pumping, ventilatlng'
and hosting would be incurred IN
Scotland in mining it.
1.-THE black band ore in Tuscarawas
county occurs in horizontal stratlfed
bed tour to thirteen feet in thickness
and appearing near the summit OF the
biH ranges, $50 to 200 feet above the
valley level, it can be mined by horl'
zontal drifting.
"The amount of pig iron exported
from Scotland in 1870, was 655,OOC
tons, an amount three times as great Of
the entire product OF the State OF Ohio
and equal to one-third Of the product Of
the United States. And in addition to
the amount exported, Scotland used
sos, 900 tons of her own production
making total production in Scotland
in 1870 of 100000 tons. Of 100,
600 tons of iron imported from Great
Britain into the United States in twenty
wears from 1850, more than three
fourths was black band iron ore from
Scotland"
1t will be observed that Professor
Newbury and DR.. Streator were discuss
ing the resources Of the country pene
trated by the Lake Shore and Tusca
was Valley railroad, and therefore they
say nothing of the resources of thu
country south Of the Panhandle rail
road
But the uniform testimony Of the
engineers who have surveyed the line
from Wheeling to Dennison, is that the
de posts OF black band iron ore in the
Valley of Saltwater and its tributaries
are equally as rich and extensive as on
the Tuscarawas.
The value of these deposits Of Goa
and iron, as we'll as the salt and fire
clay found on the line of the road
merely as sources of profit to the road
by way of freight for transportation II
incalculable.
But one of the elements which 60 tt
make up the value and Importance o
this road as a new enterprise, results
from it's connection with the Lake
Shore and Tuscarawas Valley railroad
1t is settled 80 far as it can be under
the laws of Ohio, in the present condi
ton of the Wheeling and Tuscarawas
Valley Railroad Company's organiza
ton, that it shall be consolidated or
equal terms with the Lake Shore anC
Tuscarawas Valley railroad just as soor
as the roads are completed 80 far as to
authorize the consolidation under the
laws OF Ohio.
The Wheeling and Tuscarawas Val
ley Railroad Company have the written
promise OF the President and one OF the
Directors, who is probably the
largest stakeholder in the Lake Shore
and Tuscarawas Valley Railroad Com
pany, that they will use their influence
to effect this consolidation at the earliest
possible moment. And nobody doubts
but their influence would be absolute
and controlling, as there is but one
opinion among the directors and stock
holders, so far as we are advised.
The officers OF the Company also
assure us that so soon as we have
sufficient basis of stock subscription
here and on the line of the Wheeling
and Tuscarawas Valley railroad, (say
$6O0,00O) they will furnish the add
tional stock necessary to complete the
road.
They do not propose to lend US their
money and take mortgage, or to taxi
preferred stock, on which the first pro
ceeds shall be applied as dividends, bu
they propose to take stock on equa
terms in all respects with us.
To appreciate fully the value OF Thu
connection, it should be understood tina
the Lake Shore and Tuscarawas Vale!
Railroad Company has secured close
advantageous and permanent connec
tons with the Lake Shore railroad anc
the New York Central railroad.
1t is well known that Mr.. Wander
bilt is President of the New York Cen
trail, and controls its operations.
Horace F. Clark, Vanderbilt's son-in
law, is President OF the Lake Shore
Railroad Company, and is, of course
under the control OF Vanderbilt and tn,
New York Central.
The Lake Shore and Tuscarawa
Valley Railroad Company have a con
tract with the Lake Shore Railroad
Company and Southern Michigan Rail
road Company, and the Cleveland
Columbus, Cincinnati and Indianapoli
Railroad Company, which provides
among other things, that the Cleve
land, Columbus, Cincinnati and Indian
apolis Railroad Company and the LAX
Shore Railroad Company shall indoors
the bonds Of the Lake Shore and Tus
caravans Valley Railroad Company AM
shall apply forty per cent Of the gros
earnings of their respective companies
which may be derived from the traffi
which may be received from the LAX
Shore and Tuscarawas Valley railroad
and transported over their RESPECTIVE
roads, to purchase at a rate not abov
par the mortgage bonds OF the LAX
Shore and Tuscarawas Valley Railroa,
Company.
1t also provides for close runnin,
connection and pro rata distribution
Of receipts for through freight ant
passengers.
In addition TO this the Lake Shor
and Tuscarawas Valley Railroad Com
pany have a contract with thirty.fiv
mining companies on the line of thei
road to furnish the company with l9'
aL