The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1874-06-13
II. w. & X. RAILROAD.

IL appears mat at Tue COuieieuSS
held last Thursday between the Finance
Committee of the Board OF Commits
eioners OF Ohio county and q Commits
tee appointed by the County Court OF
Brooke. in relation to the P, W. Il K.
railroad, the chance OF Ohio county 9
escaping the full payment of Three
Hundred Thousand more" was not
quite so favorable as wac stated in this
paper yesterday morning. Instead of
calling upon Brooke county for 100000
and Ohio fer $4,000. we now
learn that it is proposed to
ask this county to issue her
own bonds for the full amount Of
100000 Tor the completion OF the road,
Brooke county being asked only to
guarantee the payment OF the annual
interest accruing upon $4,000 OF this
cum, with no legal liability for the
principal. 1t is said that Brooke coun-
ty has already incurred the full amount
OF Indebtedness authorized by the
Constitution and cannot legally involve
itself in any further debt, but 1t can
provide by annual levy tax sufficient
to pay the interest on 100000.
That our statement yesterday morn
ing was thus lar incorrect is due to the
seeming reluctance OF the Directors OF
the road 10 afford TO the
various newspapers of the two counties
full and reliable information as TO their
acte. No public notice of their meet
ings ia ever given, and it is by the
merest accident that reporters learn
anything about the business transacted.
What we do learn has to he extracted
by a vigorous process Of questionlnS'
and II is not to be wondered at that,
under these circumstances, in ormatiou
concerning the condition, prospects and
purposes OF the P, W. Il KY. railroad
company is not always as full
and accurate as we desire or
as the people Of the two
counties that hold the stock OF the road
have good reason to expect.
The proposition which the Board Of
Commissioners Of Ohio county is TO be
asked TO submit at an early date to pop
ular vote, lie that this county shall issue
bonds for the payment OF 100000, in
addition to what has been already sub
scribed, to construct a railroad between
this city and the Steubenvile bridge, o
distance OF about 2S miles. 1t will be
time enough when the Board Of COM
missioners has ordered the vote
to be taken, to enter upon the
discussion as to whether or not this
additional debt should be incurred for
this purpose. Before voting upon the
question an opportunity will be had OF
examining its merits, and it is not
worth while for US to enter upon the
inquiry now.
There is one feature OF the PROPOSE
ton, however, whose GOODNESS is in re-
freshing contrast with the weather. and
which may as well be mentioned here.
II is suggested that Brooke county
shall guarantee the payment OF annual
interest upon 100000 Of the
proposed Ohio county bonds. sud
the guarantee che offers ia the
pledge OF her present stock in the
p. W. d. K. Railroad just exactly
what is the market value OF this pledge
and how much money we can raise up-
on it as collateral, would puzzle a Wall
street broker to tell. Ohio county has
already q good deal Of the same stock
which we believe ight be purchased
at a very liberal discount, and, while
it is possible that more OF the same
kind may yet be purchased, We would
suggest that too much OF good thing"
may result from taking the pledge Of
this stock az security for the fulfilment
of Brooke county's portion OF the pro-
posed contract.