The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-04-24
Wheeling &Lake Erie Railroad
PRELIMINARY PROSPECTUS.
REORGANIZATION, CAPITAL, &C.

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first mortgage bonds is limited, by the
contract with Wilson Il Co., OF New
York, for constructing and equlpplng
the line, is sixteen thousand dollars per
mile, which amounts, in the aggregate,
assuming the line at two hundred miles,
to So, 100000, one thousand dollars per
mile OF which are reserved by the Com
pany for contingencies.
u.-RoUTE AND TERMINAL CONNECTIONS.
The line commences at Martins
Ferry, Belmont county (but it is pro
posed to carry it into Wheeling, w.
Va, as soon as the bridg IS competed),
and will extend thence bv very direct
J route to Sandusky, on Lake Erie, $50
miles, and thence to Toledo, 45 miles,
connecting several important towns
! and villages with the great network Of
railways centering in Sandusky and
Toledo, and with those converging in
Wheeling.
lH.-PoPCLATIoN AND BUSINESS TRlB-
CTARY TO TUE LINE.
Wheeling is wealthy city, and has
an entire business and manufacturing
population of a little less than $4,000,
and like many western cities, is rapidly
increasing. 1t is largely engaged in the
smelling and manufacture Of iron and
the manufacture of glass and other
articles, and with her superior facilities
now rivals Pittsburgh, the Birmingham
of America, in these branches Of indus
try. la the immediate vicinity OF
Wheeling, on either side of the Ohio
river, is an additional population Of
5000, similarly employed. 1t is estima-
ted that her furnaces, rolling mills,
toundrieS and glass houses consume and
use annually $4,000 tons OF pig iron,
22O, 600 tons of coal, 10000 tons of sand,
10000 tons of ore (mostly Lake Super
ior), 5000 tons of ash, 125 tons of straw,
10000 tons of limestone, 100000 nail
kegs and 100000 boxes for glass pack
ages. That besides the nails and
glass for the boxes before named, she
produces 10000 tons OF pig metal,
1900 tons Of sheet iron, 5000 tons of
spikes, 81 900 tons Of railroad iron and
5000 tons OF foundry work, and is largely
engaged in many other manufactures
Sandusky has population of $4,000
and enjoys a large lumber and growing
lake trade, with a fine harbor. superior
to most other cities on the Lake. Its
shipping interests and trade are now
large and promise to become immense.
It's per cent. of increase in population
in the last ten years has been much
greater than that of Cincinnati, and
greater than the average increase ofthe
sixty seven leading cities and villages
in Ohio. It's lumber, lime. fish and
grape are amongst the most important
items OF lis trade and industries.
Toledo Is situated at the extreme
western end of Lake Erie, and, like
| Chicago, has an immense grain trade
drawn to it by the numerous lines OF
railways radiatlng from it in all direc-
tons, West, Northwest, y ortheast, South
and Southwest. Its receipts OF wheat,
corn and oats in less than one year in
1869 were 1861 900 bushels and it's
shipments about the same. Its lumber
trace was lg5, 100000 feet; the value OF
its imports was Sl79 1860 and its ex-
ports $l97,Sl4,24l. 1t contains pop.
ulation of 3l,5S4, having increased l36
per cent. in the last ten years q much
larger per cent. than any other city in
Ohio, greater than New York and St.
Louis. and equaled 10y few cities in the
United States. 1t is one of the most
enterprising and, for its numbers, one OF
the richest cities in the West.
There are some eighteen towns i'm
mediatelv on the line between Wheel
lug and Sanduskv, ranging in population
rom POO to 5000, averaging a town OF
20 population TO every eight miles OF
road. Besides these there are several
other smaller centres OF business, and
the surrounding country is well settled
with an industrious, wealthy and we'll
,o-lo population. The statements OF
population are taken from the Census
ofJuue, 1870, and in most cases-espe-
cialy in cities aud villages-the popu-
latlon has largely increased since then.
The tier OF counties through which the
line will pass contains, without reference
to Wheeling, some 4l2,00O inhabitants,
who are justly reputed to be equal in
productive industry to four times that
number in the more Southern States.
Iv.-CHARACTER, VALUE, &C., OF REAL AND
PERSONAL PROPERTY.
These counties are amongst the
richest in the State Of Ohio in their
agricultural, horticultural and mineral
resources. Eight of them are amongst
the fifteen counties producing the
largest WELD of oats in the State in
1867. Four amongst the ten producing
most barley; six OF the twenty pro
ducing most hay; five of the fourteen
producing most coal; five OF the fifteen
producing considerably more than one
third of the whole wheat crop OF the
State in 1869.
The value of their real and personal
property for taxation purposes, accord
ing to the official Ohio statistics OF
1870, was Sl69,729, l44, which may
now be estimated at $lS5 100000. The
product OF wheat that year was !, 523,-
; 3jS bushels; of rye l3l 81; of buck
wheat 47,70l; OF oats $4,000; Of
barley $4,000; of Indian corn 1926
600; of potatoes l,SS2,0OO, making a
total of grain and potatoes OF q ,O65,-
600 bushels, valued at SIS, 100000. The
product of butter for the same year was
19l5,O0O pounds; cheese 4,l33,0OO !;
maple sugar 100000; grapes 2,l67 900;
sorghum molasses 10000 gallons
maple $1,000; sweet potatoes 9,495
bushels; apples l,440,OO0; peaches
10000: pears 10000. The value OF
horses in 1870 was $7,l76,000; of hogs
: 1915, 900; OF mules $4,000; of horned