The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-12-04
ADDITIONAL LOCAL.
CITY COUNCIL PROCEEOINGs.
TUESDAY EVENING, December ,.
SECOND BRANCH.
The Socond Branch m Of in apecial sc o

| blOu.
Present-Messrs. Altmyer, Bsirc
Clator, Caldwell, o. J. Crawford, Hal
. lett, Howell, List, Logan, Long, Ian
caster, o Brien, Phillips, Steger, j. 6
Smith, Porter Smith, Simpson, Sails
bury, Sheppard, Tolivar, Viewig, Water
house and President Forbes.
The special business being to hear tn
report of the Railroad Committee. tha
business was taken up. The committe
presented as follows:
To the Mayor and Council Of the City O
Wheeling:
At an election, held on the first da!
of June last, the voters Of this city. b.
an overwhelming majority, authorized
and directed your honorable BODY
10 subscribe to the capital stock
of the Wheeling and Ohio Unior
Railroad Company bridge COMPANY
and to the capital stock of the Wheel
ing and Lake Erie Railroad Company
J whenever the said companies gave as
surances Of their ability to construct
their roads and bridge, and the interestt
OF the city Of Wheeling were fully pro-
tected.
1t will be seen from the accompany
Ing communication from the Board o
Directors of the Wheeling and Ohio
Union Railroad Company, q Board
conn poeed OF nine OF the most promi
nent business men OF this city, that they
have had the necessary surveys and
estimates made Tor q bridge and ap-
proaches, and find that the bridge, q
single span iron bridge, can be built tor
$65O.OOO, and that the approaches, less
the right of way, will cost $4,000.
Tney have an offer from the keystone
Bridge Company to contract for build
ing the bridge at the above price, $3.50,
O0O) which will remain open for their
acce eptance until January l, 1873. The
city's subscription, (s30O, ,00O) the coun-
tvs, ($lOO,0OW and the Wheeling and
! Lake Erie Compsny's, (S4OO, ,OOO) will
make a total OF $S00,0O0, sufficient to
cover the whole OF the above costs, and
leave margin ior contingencies, DC.
From the accompanying report OF j..
Wood, the President of the Wheeling
and Lake Erie Company, it will be seen
that their subscriptions amount TO 81
244, $50, which the Board Of Directors
have every confidence OF increasing to
100000. Since June last james
Farmer, the first President OF the Cleve.
land and Pittsburgh Railroad Com
pany, and under whom that road was
huilt, has, on the part OF the Valley
Railway Company, OF which be is now
President, contracted to assume one
half the eltire cost Of building the
Wheeling and Lake Erie road from q
point at or near Zoar, where the two
roads join, to this city, a distance OF
SIS miles. This is by far the most
difficult part OF the road to build, as
on 1t are all the tunnels and nearly
four-finhs of the bridging. According
to the engineers estimate the cost OF
| preparing the road bed on this part
will be three times as much as from
Zoar to Sandusky. By the above ar
rangement the resources OF two
com panies will be secured to build that
part of the road on which this citys
subscription is TO be expended, making
ioubie assurance that this city will
not lose the amount she invests in the
road There will also be enough OF the
Wheeling and Lake Erie Compsnys
resources released from the construction
of this end OF the road to make per
fectly sure thing OF building the road
through from Zoar to Ssndusky.
Wheeling will secure two roads to
cross her proposed railroad bridge.
thereby doubling the revenues from 1t,
and also another and shorter route to
Cleveland than she now has.
The committee presents for your con
sideration two ordinances in relation to
the above subscri pti On, and an ordinance
providing tor the issue and redemption
of the city's bonds, in payment OF said
subscriptions.
They provide that the city's subscrip-
tons shall be paid in the bonds of the
CITY, at par, and that said bonds shall
he held bv commissioners to be appoint
ed by Council, and issued by them
on the monthly estimates OF the eugi-
neers OF the companies.
The w. L E. ordinance requires that
com pany to construct it's road into this
CITY and have its depot grounds and
buildings thereon, east OF the east cham
mel of the Ohio river, and as 8 gusrsn-
tee that said company will fulfill this
requirement, the subscri ptlon by it Of
S40O, 600 OF stock in the Bridge Com
pany is first to be made before the city 8
subscription to the stock Of the road is
10 be binding.
in addition, the city's money is to be
spent on the first thirty miles OF the
road, between here and the Panhandle
road.
By the new Constitution of the State
Wheeling is prohibited from making
any subscriptions TO railroads. except
these two, which had been suthorized
before it's adoption. This is therefore
her last opportunity to secure an outlet
for her manufacturers and q new field
Tor her merchants.
By exercising the authority given
your honorable body by the voters Of
this CITY. Wheeling can be secured a
prosperity which will place be. among
the foremost manufacturing cities of the
West.
The committee having carefully eI-
amined the accompanying ordinances
and having also had them examined b,
the City Solicitor, and believing the city
interests to be fully protected therein
would respectfully present them iol
your consideration and ado ption.
GEO BAIRD,
Chairman Com. on Railroads.
To the Railroad Committee Of The Coun'