The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-08-16
p. & Il. RAILROAD.
VIII Fifteen thousand Dollars Fin
Ish the Road: III &c Will, why
- Should not the Stockholders Pay


Should not the Stockholders Pay
1t:
Editors Of Register:
In your issue OF this morning you say
that you suppose that it is better that
the subscription to the P. W. & &.
Railroad Company should be made, as
the county now has s225, 900 in the
road and that the $4,000 asked for
from the county, added to the $4,000
subscribed lately by Brooke county, will
finish the road. Ifyour statement that
$4,000 from Ohio county will finish
the road is true. then there cannot pos
sibly be any better reason for refusing
TO vote this amount in our part than
that very fsct. The Commissioners
passed resolution some time ago or
dering their Finance committee to as
certain who were subscribers to the
capital stock Of the P. W. Il Z Com
pany, the amount Of their subscriptions
and how much was still unpaid Of such
subscriptions. The Board has had one
or two meetings since then and their
Finance committee has carefully avoid
ed getting the facts ordered by the
Board, for fear they might have to
make a report. AS they have
refused to let the people
of Ohio county have this
information but are striving to keep it
concealed from them until after the
election. Itwould be but right to cay,
that the whole amount Of unpaid SUBJ
scriptions to the capital stock OF the
P. w. & K. Company, is between $l6,-
| 900 and $1,000 and that $4,000 or
more Of that is owing by persons living
! in Brooke county. The President and
Brooke county directors never paid
their subscription in full until within a
few days, and Messrs. Mcclure and
McCluney, the two Ohio county direc~
tors, have not paid their subscription in
full yet. The attorney for the company
considers his subscription paid by mis-
services, though as yet he has not had
settlement with the company.
The original subscriptions 10 the
stock OF the company amounted to
$4,000, ten per cent on their capital
stock OF 100000, the amount required
TO be paid before their organization
could be legal, and but about $4,000
has been paid.
Now, Mr.. Editor, looking at the case
in the light OF the above facts can there
be any good reason urged why
the voters Of Ohio county should give
the authority to the commissioners to
subscribe $500 more to the ?. W. Il
X. Company? The Hts!igcncer and
you both say, "Oh, we have $22j, 600 IN
the road and we must not lose that for
the paltry sum OF $4,000"
II the Directors OF that company will
pay their own subscriptions and collect
The amount subscribed by other private
individuals, every dollar OF which is
good, the company will have more
than enough TO finish the road.
Are the citizens Of this county going TO
! blindly vote an additional tax OF nearly
per cent. on themselves to pay the
debts o. y few private citizens 2 Are
they willing to shoulder this burden
for the benefit OF part OF the
citizens OF Brooke county, who have
subscribed to the stock oi the p. W. q
X. Company and are now trying TO
sneak out OF their just obligations ?
Voters Of Ohio county,you are told by
/ the P. W. & K Company that $4,000
will finish the road. $4,000 is owing
to the road by men who are good for
every dollar oft.
More than hall of The Board of Di.
rectors have failed to pay their SUBJ
scriptions, and none Of them did pay up
until it was necessary to do so to avoid
exposure and 10 blind you. But
$500 OF the $20,0 900 necessary to make
the organization of this company legal
has been paid, and yet you are asked to
add to your taxes $4,000 more, 10 be
paid into the Golfers OF rotten corpor-
alton. Voters, look before you leap.
K