The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-12-17

not ashamed to put their brand on every
rail"
How about the future OF the roadS
What are its prospects financially
"As to that" ssid he, "all depends on
the stockholders. They must either sub
scribe enough funds to build the road, OF
else take theiE chances OF losing their
stock. We estimate that $1,000 per mile
will complete the road and equip it
which will call for 100000 to Woods
field. Already 5000 per mile has been
spent in grading, bridging and other ex.
penses, and we have enough good sub.
scriptions to pay of all unpaid dues for
that work."
You will then offer the bonds OF the
stockholders::to the extent OF $4,000.
"Yes," and perhaps to the extent Of 5000,
900, in order to raise the $4,000 we need.
We will give the stockholders chance to
save their stock by keeping the bonds and
the control Of the road in their own
hands. II they decline to furnish the
money in these bonds then we will be
obliged to look elsewhere. The prob.
ability is that in some way the money
necessary to complete the road will be
furnished"
Any one could see by the way in which
rIMorgan expressed himself that he had
not "put this ball in motion" without
first fully satisfying himself Of the outcome
ofthe enterprise. BE, aud those associated
with him, know what they are doing.
The case is somewhat similar to the late
status Of our P. ". & KY, road, when, at
the election in August last, the alterna.
tive was submitted to this county, and to
the county Of Brooke, Of saving their
stock by a subscription to the bonds
OF the Company. Ohio county, with
commendsbls sagacity, had faith enough
in the future to subscribe to $4,000
OF the bonds. and thus save 1900
shares OF stock, while Brooke county lack
ed II votes OF the requisite three.ffths
necessary to prevent the sacrifice OF her
stock. Since then we have seen that the
CHARTERS road Washington, Pa, to Pitts.
nrgh) earned enough net in 1876, three
times over, to pay the interest on the
sls0.000 now invested in the P. W. & Ky
by the syndicate Of Ohio county, the
Pennsylvauis Company, and certain pri.
yate individuals.
"The thing that hath been Is that which
shall be-" says Solomon, "and there is
nothing new under the sum-" And 80
pioneers generally die in the wilderness,
and those who succeed them enter the
promised land. Original stockholders
quite often lose their investments in rail.
road just at this very point of refusing to
take the bonds necessary to complete
them. We emphasize this TACT Tor the
bsnefi. Of or readers who are stock
holders in the Bsllairs & South Western
Narrow Gauge, and leave it for them to
apply the moral.
We we're sorry that we had not lon
ger time to spend with Mr.. Morgan, 81
we felt that he had ideas and information
in regard to the Bellsire 4 South West.
ern that must be OF interest to the public,
but the gondola had been unloaded and
the engine was ready to oreturn and we were
obliged to get aboard. We are, however,
highly gratifsd with what we saw and
heard during our brief trip in regard to
the prospects Of this road. 1t will be
built beyond a doubt to Woodsfeld during
the coming season, and will be q most i'm.
portant factor in the future prospects Of
Bellaire. The good fortune Of our neigh.
bors will be indirectly our good fortune,
as any one can see who watches the large
and increasing trade between Wheeling
and Bellaire.