The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-06-12
GteGnteILig
The Pittsburgh, wheeling & Ken.
lucky Railroad.

The Pittsburgh, wheeling Il Ken-
lucky Railroad. @
On Monday last the County Court oi
Brooke appointed Messrs. W. K. PRN-
DLRToM Il. G. LAzEAR and THOMAS
EyRRRTTa committee to come TO Wheel.
Ing and confer with the Finance Com
mittee Of the Ohio County Board Of Com.
mlsSioners in regard to some action by
the two counties at an early day looking
to the completion Of the P, W. & Ky. r,
R. Accordingly theae gentlemen came
to Wheeling yesterday and meeting
took place between them and Messrs.
JOHN oEsTERL1Na, Benz. FtHER, Eu-
GENE LIST, ], B. SHEPPARD and JoaN
HAEDIAS, representing tho Board ol
Commissioners, and Hon. @. D. HuDRkRD,
N. REILLY and THos: HueHEs represent.
iDgthe Directors Of the Railroad. During
the progress Of the conference Prof. PEN.
DLEToN offered the following preamble
and resolutions: igi
WHEREAS, Tho P. o. & 81. l.. r. w.
90. has notified the P. W. & Ky. r.. r.
90. that they arc not in condition at
present to comply with their part Of the
contract TO finish and equip said P. ". &
KY. r. r. by putting on the ties, iron,
&c. as provided In said contract, even II
the road bed OF the p, w. q Ky, should be
made ready for the ties and iron; and
whereas, 1t appears thRtthe sum oi three
bundled thousand dollars Is yet needed 10
completeth P. W. & Ky. r. R, and all
other means Of raising this necessary sum
have proved unayailing; and whereas;
there can 10 no reasonable doubt that
the!saiasP. W. & Ky. r. r, once finished
an II full operation, It's earnings would
provide not only the interest on tho said
sum Of $500, 1000, but also surplus az o
sinking fund that would in few years
pay back also all the principal, and
whereas the counties Of Ohio and Brooke
already have invested In said road nearly
100000; therefore .A9Es 7
ReSolVed 1St, That 1t is the opinion Of
this Conference Committee that the said
counties ought TO take immediate steps,
not only to secure to themselves the con-
tinued ownership Of said dIoRd, but also to
finish and put into q productive shape. as
soon as possible the whole line thereof
3. That to this end the voters of the
two counties Aforesaid ought to be asked
to give their consent TO q further subscrip.
ton In the form Of capital stock to the
amount Of 100000. .rrs
8. That as Brooke county has already
subscribed nearly ss much as tho Consti-
tuition Of the State authorizes her 10 sub.
scribe (5 per cent on the assessed value Of
her property, therefore, that the voters oi
the said Ohio county shall be asked to
subscribe and issue her bonds for the
whole amount Of 100000, and that the
said county Of Brooke shall be asked to
give her guarantee for the interest on
100000 Of said bonds.
Before action was taken on the above
preamble and resolutions the following
substitute was offered and adopted In
lieu Of ths ID and Sd resolutions:
ReSoIved, That We recommend to the
Commissioners of Ohio County to order
an election at the earliest possible day
on the question Of further, subscription
to the capital stock Of the P. w. 81 z. R.
R. Co., Of $500, 900, the same to be pre-
terred stock paying the same rate Of divi.
dend, as the interest on the bonds, to be
Issued for the purpose Of completing and
equipping said road, and that authority
be given to issue bonds for the same:
ReaOlped, That 1t be recommended to
the County Court of Brooke County 10
order an election on tho. question oil guar.
anteeing to Ohio County the interest on
500, 600 Of said bonds in case the
T. W. d Z. Railroad Company fail to
pay said interest, and pledgiDg their stock
in said road for the payment Of said in
terest. 10 ss1 u.
Our readers will SEQ from the above &C.
ton Of the conference yesterday that the
question OF further aid to the Pittsburgh
Wheeling & Kentucky Railroad is to be
submitted to the voters OF this county, II
the Board OF G Commissioners SO decide
land no doubt they willy at an early day;
They will also see that his county Is to
be called on for the whole amount
$SO0.000-necessary TO complete the road
and that OF this amount Brooke county Il
to guarantee the interest on 100000
Nothing Is said as to her ultimate liability
for the principal Of this $4,000, inasmuch
as she Is now so near up tc
her constitutional limit that she can
not make q further subscription tc
the road, nor can she Of course agree "a
become ultimately liable for an amount
which she cannot now subscribe. We
presume, however, that in case thil
county agrees to vote an additional sub.
scription to the road,ssh will first SCI
hat Brooke county becomes permanently
liable for the interest on $80000-so lonL
as the; same shall remain unpaid by tAl
road. Presuming that Brooke county
will enter into iRsatistactory arrangement
IN regard to the proposed guarantee, tn
question comes up for decision whethe
even then the people of aohio coun
" are willing to vote the subscription
asked for. The status Of the road Is nov
as follows: About 100000 have beel
spent thus lar, and the road bed is 90 nesl
ready for the ties and iron that com
paratively small sum will complete thl
work remaining to be done. This S400
900 represents an investment by the twl
counties that Is now either to be aban
doned as q permanent loss or else in