The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-06-12

times that much net revenue can bI
realized: These gentlemen are some
what familiar with the history Of III,
Cleveland & Pittsburgh Railroad, tht
stock Of which before the war had only {
nominal value but Is now one Of the bes
securities in the country. That road doe
q very large business with Wheeling that
will fall to the Pittsburgh, wheeling &
Kentucky road when completed. Al
showing what may be expected in tht
way Of business arrangements with thai
and other lines, we append the following
letter from Mr.. JEwETT, Of the Pan
handle road, to Mr.. HuBBARD;
oTFIuz PrfTs. CNs d ST.. LOUIS RAILWAY Co. |
Il a. coLuhBus, Ono, Aay2G, ls74.
I. y. D. Hubbard, RSq., President PIthbar9h
j Wheeling d ReRtaeky r, r. Go.
DEAR sm:-In answer to your In
quirieS as to what arrangements can be
made with this company for equipping
with engines your road In the event ol
its being completed ready for business
4 and upon what terms traffic between :he
companies could be exchanged and pro-
rated, l beg to say that II your road d
completed ready for business, this com.
pany will turnish you with engines neces-
sary for the transaction Of its business al
eight per centinterest per Rnnum upon
the cost thereof, your company keeping
the same In repair. That tit will. prompt.
ly deliver TO your company all traffic
passing over theroad Of the company, or
any part thereof, consigned TO Wheeling,
or any intermediate point, and over your
road, and when the rate thereon
Is through rate and through
bill of lading Is issued to pro-
rate the same with your company. That
any traffic originating at Wheeling, or a.
intermediate points, and destined for any
point on the line Of the road Of this com.
pany, or reached over the road Of this
company, and between which points there
are competing lines OF road, this compa.
ny. 30 far az It can control the same, will
secure to the traffic by your road as low
q rate as that gwen or made by any other
Iline Of road, and will prorate the same
with your company. That coupon tick,
cts Tor passengers passing from one road
to the other shall be furnished and, when
the rate Is through rate, be pro-rsted.
That Il these terms are satisfactory to your
company they shall be submitted TO the
Board Of Directors Of this company for
approval, and l have no doubt will be 80
appoved. Very respectfully, -rv...
a. ]. JRwRTT, Vice President.
Tho above letter Is, we may say, moth
ing more than ratification Of the con-
tract heretofore entered into belween the
Panhandle road and the Pittsburgh,
Wheeling & Kentucky road, but inssmuch
as the running arrangements are to be
different from those originally contem-
plated between the two lines it
Is necessary TO have a new under
standing. 1t will be seen that
Mr.. JRwETT Is ready to enter into an
intimate alliance with the new road and
to reciprocate traffic on terms Of perfect
equality. No doubt similar terms can be
made with the Cleveland & Pittsburgh
road in regard to Cleveland and intermedl-
ate business. Indeed there isno hindrance
to be apprehended asregards connections
with the whole Pennsylvania system Of
roads. Terms Of reciprocity can be ar
ranged with all Of them. The question
is, will the business thus derived, in con-
nection with the local traffic Of tho line,
secure seven or eight per cent interest on
tho amount necessary to complete the
road. This question we cannot, oil course
answer. Mr.. JRwETT, we understand,
expresses himself confidently that 1t will
Mr.. HUBBARD also feels quito confident
that 1t will, and SO also do Captain JOHN
McLuRE, Prot. PENDLEToN, and perhaps
other directors OF tho road. -.
} There seems to be growing feeling o.
, interest and confidence in the success o.
the enterprise among those who have 70
miliarized themselves with its present
, condition and future prospects. So much
so, that It has been esteemed q matter o
moment to get the subject again before
tho people, with view to utilizing tht
Investment already made and saving a
much expense as possible ior repairs ant
materials. Iron, for instance, can be pu
down now Tor say twenty to twenty-five
dollars per ton less than the price las
year. Labor also can be had for less
. Altogether gross saving Of one fifth ol
one fourth can perhaps be efiected-fl
ironing the road and putting up depots
This will more than counterbalance th
expense for additional repairs made necea
, sary by the suspension Of operations las
: fall. 1t
. In view Of the situation Of affairs, pres
eut and prospective, the question for tn
! people Of Ohio county 10 decide /
. whether they are willing to put any NOR
: money into tho enterprise. This ques
! ton they will doubtless be called upon I
Q answer before many days. We shall nc
7 take upon ourselves the responsibility c
: urging them to, say yea or nay. It
a enough for US in matter Of this kind t
' lay the situation before them and leav
the verdict entirely in their hands.
!. (, OHIO TOBACCO.