The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-01-31

the Lake Shore a sTuscarawas VALLEY
Railroad, and therefore they say nothing
Of the resources d the country south o
the Panhandle Railroad.
But the uniform testimony Of the engi
neers who have surveyed the line from
wheeling 10 Dennison, Is that Che deposits
OF Dlack band iron ore In the Valley o
saltwater and its tributaries are equally
as rich and as extensive as on the Tusca
rawas.
Inc value o. these deposits OF coal ant
iron, as the salt and tlre'clay found on TIT
ilne Oh Inc road, merely as sources Of pro
III 10 the road by, way OF freight for trans
porlation, Is incalcuable.
But one oil tho elements which so L
MAKE up inc value anu Importance OF thu
ROAD as q new enterprise, results from iLS
connection with the Lake Shore Il Tusca
wR,s-Naiiey railroad. ia1,G :
II u setueu SO lar as It can be under the
laws o. ONO, IN the present condition o.
me wheeling O and TuscarOwas Valley
ltaiIroau Oompanys organization, that Il
snail De consolidated on equal terma with
inc Lake Snore q Iuscarawas Valley
ltalLr0au Just as soon as the roads are
competed so lar as TO authorize the con
soIIdallS IN, under the laws OF Ohio.
Inc WaSenng q 'tuscarawas Valley
railroad company have the written
Iromtse OF INC PRESIDENT and one OF the
DlreCto,s, VINO Is PROBABLY the largest
slocEnoIaer IN the Lake shore " Iuscara'
was valley hallroad Company, that they
Will use their influence to effect this con-
sol'Iatlon az the earliest possible moment,
anu h9Doay dGnots but their influence
would ge absolute and controlling, as
there Is but one opinion amongst the di.
rectors and stockholders 80 far US we arc
advised.
Fhe officers OF the Company also as.
sure us that so soon as we have sufil.
cient basis oil stock subscription here and
on the line OF the Wheeling 6 Tuscara.
was Valley railroad, (say 100000 they
will furnish the additional stock necessary
to complete the road.
They do not propose to lend US their
money and take mortgage, or to take
preferred stock, on which the first pro.
ceeds shall be applied as dividends, but
they propose to take stock on equal terms
in all respects with us.
To appreciate fully the value Of
this connection, it should be under.
stood that the Lake Shore &
Tuscarawas Valley Railroad Com.
pany has secured close, advantageous and
permanent connections with the Lake
Shore Railroad and the New York Cen.
trail Railroad.
It's well known that Mr.. Vanderbilt is
President Of the New York Central, and
controls its operations.
Horace +. Clark, Vanderbilt's son.in.
law, Is President ofthe Lake Shore Rail-
road Company, and 1t lis, of course, under
control OF Vanderbilt and the New York
Central.
The Lake Shore and Tuscarawas Val
ley Railroad Company have contract
with the Lake Shore Railroad Company
and Southern Michigan Railroad Com.
pany, and the Cleveland, Columbus, Gin.
clnnatl and Indianapolis Railroad Com
pany, which provides amongst other
things that the T., o., Q. d l. Il. r. Co.,
and the L. s. K. II. Co. shall endorse the
bonds OF the L. s. u I. V. r. r. Co., and
shall apply forty per cent OF the gross
earnings OF their respective companies,
which may be derived from the traffic
which may be received from the L. s. &
t. V. X. r., and transported over their
respective roads, 10 purchase at rate not
above par the mortgage bonds of the L.
s. Il T. V. r. r. Co.
Italso provides for close running con.
nection and pro rata distribution of re-.
Ceipts for through ireights and passengers.
In addition to this the L. s. i 7. V. Il.
r. Co. have q contract with thirty.five
mining companies on the line of their road
to furnish the company with 100 car loads
OF coal OF ten tons each per day for trans
portation over their road for a period OF
eight years, at II cents per ton per milo.
DR.. Streator says in his annual report !:
"By reference TO the freight contract here.
with published, we refer you TO matter
we believe without precedent in the his.
tory OF railroad construction in this coun.
try, in which persons of undoubted re-
sponsibility have guaranteed an amount
of freight, and that, too, on their own
business, which will pay tho L. L. & T.
V. r. II. Co $685., 900 year. This sum,
alter deducting fifty per cent for operating
expenses, for carrying the freight con.
tractcd for will pay the interest on the
bonds, and dividend Of six per cent on
the capital stock OF this Company"
Undoubtedly the main inducement on
the mart Of the l. y n n and ~ q ~ e,