The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1874-02-20

Which must be patient TO hear;
While YOU may sit down to your novel,
Or turn the last magazine near.
Yes, I know there are four little bedsides
Where must stand watchful, each night:
While you may 60 out in your carriage,
And flash in your dresses so bright
Now, think I'm neat little woman
1 like my house orderly, too;
And am fond of dainty belongings
Yet would not change places with youi
No!-ksepyou fair hsme, with its order.
Its freedom from trouble and noise;
Andkeep your own fanciful leisure;-
But give me my fOsr splendid boys.
Wheeling and Lake Erie Railroad
The second annual report Of this
valuable coal road project, has been
made by its officers and directors to
the stockholders. From it we learn
that the various complications which
had embarrassed and hindered the
work were finally overcome on the
29th of March, 1873, by the cancel
lation of the old contract. On the
same day the enterprise MAS presen-
ted to Hon. Walter Shanly, so favor
ably known in connection with the
Hoosac Tunnal. A few days later
a proposition was received from him
to construct and equip the road its
entire length, upon basis of $4,000
per mile local aid, if the line should
prove satisfactory to him. after per-
sonal inspection. Before the com
pletion of his tour of inspection, the
supreme Court declared the Boesel
Law unconstitutional, and swept
away 100000 voted aid by munich
palities. This was sudden and
damaging blow, but was met in the
proper spirit, and on the 1st day of
August, 1873, Mr.. Shanly, who had
every confidence in the advantages
of the lines, made a proposition to
make $4,000 of local aid per mile the
minimum. The propositions were
accom- panied with detailed specifca-
tions as to construction, equipment,
depots, shops, DC, were accepted by
the Board on the 9th day Of August
last, and thus became the basis of
Of a contract between Mr.. Shanly
and this Company, and under it
work was begun at Navarro, in Stark
county, September Sth, and subse-
quently near East GreenYille, same
county.
Under the contract with Mr.. Shan
| ly,and the provisions Of a law passed
May 9th, 1873, it became necessary
to secure authority to increase the
capital stock of the Company to
$8,700000, though the issue is not
to exceed $6,2O0,OOO. To secure
this increase in q legal manner re-
quired a tedious and complicated
process, but the same, together with
authority 10 issue the requisite
amount of first mortgage bonds, was
sanctioned by the required vote Of
stockholders at meeting held at
the principal Office of the Company
on the S0th day Of September, called
and held in compliance with the
provision of said law.
A portion Of the first instsllment,
due in June last, has been collected
and applied to the payment Of
claims for engineering services and
other current expenses.
Collectors at suitable points on
the line from Lodi eastwardly have
been appointed, to most of whom ab-
starcts Of the stock subscriptions of
their respective localities have been
furnished and who have entered up
on the discharge of their duties.
Some progress has been made in
right Of way, large part has been
secured and of that unsettled it is
believed the principal part will be
granted on favorable terms. ..
Much has been accomplished, in
the Engineers department under the
efficient supervision of A. K. Robin
son, c. E., and his reports show that
in the matters of gradients, curves
and mineral resources of the coun-
try, the line is unequaled by any
other existing or proposed road in
the State. These, together with the
many other advantages possessed by
the line, are attracting the attention
of capitalist, manufacturers and
thoughtful buiness men in this coun-
try and Europe and giving the en-
terprise strength in the business
world.
The Secretary, as far as possible,
has arranged and classified the va
rious kinds of stock and condensed
them into convenient abstracts and
books for reference.
For detailed information as to the
various departments reference is
made to the books, maps and files
pertaining to them respectively.
The many obstacles interposed
were met and overcome and We were
buoyant with confidence for the fn-
ture, when the terrible financial
storm of September swept over the
country and created a feeling ofuni-
versaI distrust The strongest had
to bow to the storm or go down be-
fore it Most OF the new railroad en-
terprises were overturned and old
established companies more or less
embarrassed.
Owing to these influences and the
unavoidable lateness of the season
when operations began, the work
has not progressed with that Yigor
which under other circumstances we |
would have confidently expected, yet /
we are sanguine that our plans for
the future viii meet with success,
and that the opening of the coming |
spring win witness active operations. |
The company is still hopeful Of
receiving from the city of Wheeling
the aid voted in Jnne, 1872. The
legal questions arising out Of that
1.