The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-12-05

III. proposed Railroad and
"' Bridge Subscription.

snAseFiptiOns Dy inc Clty 10 tue
SS,oposed ". & L. e. land ". & o.
q. Railroads.
following documents was presented
me Second Branch Of the City Council
T r evening last, and ordered to lie
',on ,be table and be printed and made
n. .uccial order for next Friday evening.
m. special business being to hear the
..noyt 81 me Railroad Committee, that
slSS1eSs was taken up. The committee
oo;esented as follows:
n@ Mayor and Council Of Re CITY d
Wheeling:
Itap election, held on the first day Of
lima last, the voters Of this city, by an
ovSrwbelming majority, authorized and
J',ectcd YOUR honorable body to subscribe
:" The capital stock Of the Wheeling and
G5io Union Railroad Company bridge
Go@psny) aud to the capital stock Of the
Wheeling and Lake Erie Railroad Com
n,ny whenever the said companies gave
.,sIirauCes Of their ability to construct
,bpir roads and bridge, and the interests
Of The city OF Wheeling were fully pro-
GCted ,-, t.l-...
Communication from the Board OF Direc-
|BoI tho Wheeling and Ohio Union
Railroad Company, . Board composed Of
nine Of the most prominent business men
d this city, that they have had the neces.
.,ry surveys and estimates made for q
bridge and approaches, and find that the
bridge, Q single span iron bridge, can be
buili for $3.50 900, and that the approach
e, less the right OIL way, will cost $1l0,-
90. They have an offer from the Key
stone Bridge Company TO contract for
building the bridge at the above price,
,SC5O,00O) which will remain open for
llelr acceptance until January l, 1873.
The citY's subscription, $500 0OO the
county's, 100000 and the Wheeling
and Lake Erie Compsny's, ($400, 00Ol viii
make total Of $S0O,00e, sufficient to
cover the whole Of the above costs, and
leave margin for contingencies, SC.
From the accompanying report OF j.
Wood, the President OF the Wheeling and
Lake Erie Company, 1t will be seen that
their subscriptions amount TO 81 PA, $50,
which the Board OF Directors have every
confidence Of increasing to $l,5O0,0O6.
since June last James Farmer, the first
President OF the Cleveland s. Pittsburgh
Railroad Company, and under whom that
rO4I WAS built, has, on the part oil the
Valley Railway Company, of which he Is
now President, contracted to assume one.
half the entire cost OF building the Wheel.
log 4 Lake Erie road from a point at or
near ZOar, where the two roads ioin, to
this city, a distance nt $50 miles. This is
BY far the most difficult part Of the road
70 build, as on 1t are all the tunnels and
nearly tour.tlths Of the bridging. Ac-
cOrding 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 arrangement
tue resources Of two companies will be
secured to build that part Of the road on
which this city's subscription is to be ex-
pended, making double assurance that
this city will not lose the amount she in
vests IN the road. There will also be
enough Of the Wheeling & Lake Erie
COmpanyS resources released from the
construction ofthis end OF the road to
make o perfectly sure thing of building
the road through from ZoRr to Sandusky.
Wheeling will secure two roads to cross
4er proposed railroad bridge, thereby
doubling the revenues from ii, and also
another and shorter route to Cleveland
tlsn she now has.
The committee presents for your con.
SideFaIlon two ordinances in relation to
the above subscription, and an ordinance
providing for the issue and redemption oil
The clty's bonds, in payment of said sub.
sCHptOns.
They provide that the city's subscrip-
tons shall be paid in the bonds Of the
city, az par, and that said bonds shall be
held by commissioners to be appoint
ed BY Council, and issued by them on the
monthly estimates of the engineers OF the
companies.
The W. L. E. ordinance requires that
company to construct Its road into this
city and haVeits depot grounds and build.
ilgs thereon, east Of the east channel oil
The Ohio river, and as a guarantee thai
sad company will fulfill this requirement,
the subscription by it Of $780, 900 OF stock
10 the Bridge Company Is first to be made
before the city's subscription to the stock
Of tue road is to 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
subscription TO railroads, except thes(
Two, which had been authorized beior(
It's adoption. This Is therefore, her las
opportunity 10 secure an outlet for hel
manufacturers and a new field for hel
merchants.
By exercising the authority given YOU
honorable body by the voters Of this city
wheeling can be secured 0 prosperity
which will place her among the foremost
manufacturing cities OF the West.
The Committee having carefully ex
Snlned the accompanying ordinances, anG
having also had them examined by thu
Cly Solicitor, and believing the city in
tetests TO be fully projected therein, would
respectfully present them for your con-
sheraton and adoption. GEO. BAIRD,
Chairman Com, on Railroads
10 he Railroad Committee Of the Council
q TIE CITY Of Wheeltn0:
GESTLEMEN:-I herewith present q
statement Of the local subscriptions to the
SioSS Of the wheeling & Lake Eric
NAilFoad Company" the engineers esti
mates OF the cost Of construction and the
action oil the Board Of Directors in refer,
ence TO the subscription Of your city &C
sae stock of said company, and the aid
proposed to be given to the "WhecllnG
y Ohio Union Railroad Company" BY
tae Wheeling & Lake Erie Railroad
Company"
LOCAL SUBSCRIPTIONS.
Amount Of local subscriptions report.
20 october Z, 1874. ,..,,,,,,, k41qN
'SSu BY Cttyor Sandusky. :. $4,000
Milan AZ nm