The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1876-03-15
Circular From the President Of
the Wheeling Il Lake Erie
kniIrnnl

| AhlAEOuu.
The work which is row intended to DO
put under contract is the construction and
equipment Of the line from Martins
Ferry to Sandusky, Ohio, distance Of
159 miles; but propositions may be made
for any part thereof, or for equipment, or
for any railroad materials.
The work is to be done in full accord
ance with the specifications and to the
satisfaction and acceptance Of the Chief
Engineer OF the Wheeling & Lake Erie
Railroad Company. Said specifications
being exhibited along with these condi-
tons Of proposals. -
The proposals are TO state certain
liked price per mile for the construction,
or for the construction and equipment Of
the line above indicated, or for the part
thereof rendered for, but for the con.
vcnience of making monthly estimates Of
the value OF the work done, item-prices
are to be stated in the schedules annexed
hereto.
Proposals are invited on n cash basis
OF $1,000 per mile for the complete con-
struction and equipment, the balance Of
the contract price in stock and bonds Of
the Wheeling & Lake Erie Railroad
Company at their par value, Of which
not less than % per cen! shall be stock.
These bonds are ordinary "trst mort
gage" bonds, bearing seven per cent
(g0ld) interest. Parties rendering for
any part less than the whole construc-
ton and equipment should state the pro-
portion OF cash they will receive. Pro-
posals are also invited on a total cash
basis.
Payments will be made about the mid.
die Of each month for the work done or
material furnished in the previous month,
and as the bonds are in large sums il may
not always be possible 10 make the
monthly payments in the exact proper.
ton OF Cash, Stock and Bonds, but all
such discrepancies can be adjusted on the
completion OF the work when the final
estimate comes to be paid.
From the gross amount OF each month.
ly estimate 10 per cent will be held back
as guaranty for the due fulfillment OF the
contract by the parties undertaking the
work, and such accumulated percentage
will be paid with the final estimate with.
in ten days after the Chief Engineer Of
the W. & Lake Erie Railroad Company
shall have certified his approval and &C.
ceptance Of the work.
As the payment Of the cash proportion
OF the estimates will be dependent on the
payment Of the local subscriptions to the
stock Of. the Company, in order to meet
the possible contingency Of non.payment
Of local subscriptions on any part OF the
line, the Company reserves the right Of
ordering the suspension OF all or any
parts Of the work at any time by giving
len DAYS notice to the contractor or con.
tractors. But it is not apprehended that
the necessity Of suSpcnding work at any
point will arise.
Contractors are TO commence the leay-
ieSt parts Of the work, on the section or
sections they may undertake, first, and
such parts-meaning tunnels, cuts and
lills-arc TO be carried on continuously,
unless otherwise ordered. But no mason
work, in which mortar Of any kind ia to
be used, il to be carried on during the
period Of frost.
Propositions for the construction, or for
the construction and equipment Of the
whole line, must be made for its compile
ton within two years, and for parts
thereof within such time us may he agreed
upon.
Propoposals for materials may en-
brace ties-either hewed or sawed-G in.
face, G in. thickness, @ #. in length; Iron
Rails Of 36ibs and 40 lbs weight per yard
with bolts, fish joints, spikes, frogs, &C.
Rolling Stock, embracing the various En-
gines, Passenger Cars, baggage and Ex'
press Cars, Freight Cars, Coal Cars and
Flats suitable for a road Of three feel
gauge, to be furnished in such quantities
and at such times rs the Company may
require.
Proposals for the whole construction
and equipment should embrace Side
Tracks, Depots, Water Tanks, Round
houses, Repair.shops, and everything
necessary for a iirst.Class "Narrow.gauge'
Railroad.
Parties rendering are expected to salts
~ themselves on the ground Of the nature
OF the work they desire to undertake, and
in making their propotals they will b
Understood to declare that they have
read and made themselves familiar will
the foregoing conditions Of the engineer
specifications.
Proposals are TO he addressed to thi
office until March Goth, 1S76-the com
pany reserving the right Of rejecting al
or any Of the propositions. ]. WooD,
President ". & /. E. r. r, O
AE..L.nl. E.r..l lk;n ALnr.L 1874