The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-03-08

The contract entered into by the
officers of the Wheeling, Sandusky and
Toledo Railroad Company with capital
lists in New York for the building Of
the road, is believed to be avery favor,
able one.
In the first place, the contractors take
stock in the road to the amount oil
$4,000 per mile, as soon as similar
amount is subscribed for along the line
This places both parties to the contract
upon an exactly equal footing, to start
with. The length Of the road from
Wheeling to Toledo being l95 miles,
would require the expenditure Of 1885,
600 of foreign capital along the Inc.
Every community through which the
road passes will thus have two dollars
expended in it for every one which they
contribute.
Secondly, in addition to the stock
bonds amounting to some $4,000 for
each mile, will probably have to be
issued to raise money to entirely finish
the construction and equipment Of the
road, including tracts, side tracts, depot
grounds, depot buildings, repair shops
locomotives, freight cars, passenger
cars, and the thousand other costly
but necessary contrivances for the sue
full working and management OF a
first class railroad. These bonds the
contractors bind themselves to take
at par, disposiDg Of them without
expense Of any kind to the company.
This $4,000 per mile, or Whereabouts,
of foreign capital, in addition to the
5000 mentioned above, will also be
spent in the neighborhoods through
which the road is to be built. The
road, thus fully and completely
equipped, will be handed over to the
bone management to be operated Tor
the benefit Of the inhabitants Of Wheel
ing and the country through which it
passes and OF the stockholders.
The road is to be built from Toledo to
any point within the city of Wheeling
east of the main channel ofthe Ohio river,
on condition that the city shall subscribe
to the capital stock the sum Of $780,
900. Our people should not hesitate
one minute to make this subscription.
The day the cars first reach our shore
direct from the rich iron ore mines OF
Lake Superior aud the immense pine
forests of Michigan laden with material
out ofwbich Wheeling mechanics shall
manufacture untold wealth, property
in this city will advance far beyond
the amount of our subscription. A
new impetus will be given to every
business interest in our midst. a new
field will be opened for the sale OF our
numerous manufactured products new
and rich trade will be secured to our
merchants, and a wealthy country
opened up whence we shall draw large
and valuable supplies.
Let the friends OF progress, the
friends OF the city's prosperity, the
friends of this magnificent railroad
enterprise, the friends Of the Tuscaraw'
as Valley Railroad, the friends OF the
new Bridge, all fraterually join hands
and hearts, and put each OF these i'm
portant enterprises through without
delay. Let the determination of all be,
to 60 forward! We have tried the
stand-still policy, and it has failed. Let
us now try the policy that has doubled
the population and wealth Of Cleveland
in less than ten years, and has trebled
that of Toledo in the same short space
of time. Let us build us here on the
beautiful Ohio a city of wealth, OF posi-
ton and Of power; a city OF which we,
the State and the nation shall be justly
proud.