The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1876-02-24
Now this may be built for $4,000 cash,
and the balance in stock and bonds at
one-half their face value, in other words,

anu WY DuIdHNO III blUCk anu bphNo "'
one-half their face value, in other words,
Cash Y000 w
bOnus"''""''''''''''''''',." i00VV W. W.
Stock"''''"''''''''''''''''.", lOoVO w
Making cost of.,,..................,.,.S28 $4,000 90
per mile, or total cost Si60O,OOO
If the road should make a gross earn
ing of SG50000 at a cost Of 40 per cent,
its net earnings would be $357 800, which
would pay
PER CENT. ON TOTAL COST
and leave an annual surplus of $4,000,
This sum carried annually to a sinking
fund and bearing simple interest at per
cent. would, in 80 years, amount to 81
05l ,450, or enough to redeem the bonds
and leave a.surplus of 81 ,0l5,450.*
The Columbus &c Hooking Valley Rail
road, in June 1874, had 9S miles Of road
at cost of SOL 800 a mile, and made a
total earning that year of $S05,467, and
net earning OF $342 443, showing its OPP
Grating expenses to be 57.4S per cent of
its gross earnings.
OF its total tonnage S89l per cent, was
coal, which with other items shows that
nearly the entire haula2e was in one di-
rection, viz from the coal mines towards
Columbus and the coal market.
The Wheeling q Lake Erie has two
large cities at the Lake end demanding
our Goals. and population of $4,000 at
the river end wanting the northwestern
ores, lumber and the like, with an inter-
mediate population in the fourteen Coun-
ties it traverses of about
100000 PEOPLE.
1t has eighty-seven miles of coal fields on
its lines. cutting at available attitudes all
the coal seams of the Allegheny coal
fields. The country is rich in other min
erals and in agricultural, and everything
points to heavy freights each way. Is it
not probable, then, that its net earnings
would exceed those of the Hooking Val
ley, and would not its building at the
prices named be a good investment
As to the merits Of the line will close
this letter by giving extracts from letter
l received from the
HON. WALTER STANLEY,
dated at Montreal, December II, 1875.
Speaking the Wheeling g& Lake Erie
he says "When it was first brought un-
der my notice, was constantly being in
vited to look into and interest myself in
some new line or other, but was taken by
none, having just then one very large en-
terprise" (Hoosac Tunnell) ION my hands
until the wv. &. L. E. turned up and by
it, [ admit that l was at once greatly
taken.
1T has everything almost, to make it
attractive 1t not only penetrated but
cuts through the best of the Ohio coal
fields, ensuring an Unlimited traffic, both
ways from the center, in the best paying
of all articles of railroad transport. 1t pre-
sented the best possible connection be.
tween.Lake Erie and the Ohio river. 1t
intersected the great East and West lines
of the State in such a way as that they
must subservn its interests as reGdy-made
branches, which instead being 1eeches'
upon the main line, as branches so often
are, would be so many outlets for Wheel
ing and Lake Erie coal"
'Ine country traVersed Is as
FINE AS ANY IN OHIO,
or, for that matter, in America-guaran-
teeing an ever growing local traffic in all
that a great agricultural State produces !;
and, finally, offering as above said the
best possible route between Lake Erie
and the River, it also foreshadowed the
almost certain result of being large
participant in the great through traffic
of the country by means of connection
with the B. & 0. line or the Pennsylval
mia Railroad, or both, at Wheeling" and
he adds, these views thus held and
still hold, of the Wheeling & Lake Erie
Railroad"
With thirty miles ofroad graded, $780,
600 of subscribed stock, independent of
Toledo and the forty-fve miles this side.
1t seems to me that wise and vigorous
management will insure promising fu-
ture for this company, and my best wish
is that it may live long and prosper"
r, H. COCHRAN.
@ln the above article have figured rails at S45
per ton, and see new rails are selling as low as
S42. This would be saving on the whole line Of
935 000 | have aimed To under estimate nothir o.