The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-10-03

instead Of two hours now required by the
ChartierH road. II also proposes 10 issue
certificates payable in transportation
passenger or freight to those who choose
to SubsCribe in this way 10 the stock.
such parties will simply pay in advance
for whatever travel or business they may
ChooEe to do over the line. They are not
compelled, however, to receive their
pay in this shape alone. They
imply obtain this privilege as an Al-
ditional guarantee Of repayment on the
part Of the company Of tue amounts ad-
Svanced. The case is similar 10 the cou-
puns on certain class OF Virginia bonds
that are made receivable for taxes. The
form Of these obligations ia a4 follows /:
Ga the (rsL day Of May, A. D., one
thousand eight hundred and eigh hty.eight,
Ihe Htt6Tgh, Castle Shannon & IIiashiug.
ton Railroad C0mpany promises TO pay
the sum Of - Dollars, with interest at
the rate Of six per centum per annum,
said interest payable semi.annually, upon
presentation Of this note to the TreSs.
urer Of said Company, at Pittsburgh.
Penney lvania, on the iirSt days each Of
May and November in each year follow
ing the date hereof.
II is understood and agreed, how
ever, between the said Company and the
holder hereof that at any time, and from
time TO time, upon presentation OF this
TO the Treasurer oil said Company, at
Pittsburgh, Pennsylvania, the said holder
shall be entitled TO receive an Order in
amounts demanded mot les than five dol.
lars, aud the amounts OF such orders TO
be credited hereon,) for the transporta.
ton over the Railroad and branches Of
said Company OF such freights and passen.
gers "a are connected with his or her
immediate business or household, nj the
regular schedule OF rates and under such
rules and regulations a. may at different
times and from time 10 time be fixed and
established by said Company, the amount
OF all such orders to be applied first to
the payment OF interest due or falling
due, and 10 bear interest to said Compa,
ny from date.
As we understand ii, there is decided
probability that this road will be built
'and that before long. The present mar
row.gnuge line to Waynesburg is devel.
oping an unexpectedly good business
and promises to be remunerative in.
vestment to IheFtockholders, besides being
great boon to the country through
which it passes. II has been built cheap
about $4,000 per mile, and, all told, will
only cost when finished about $l6S 900.
This amount will only require the road
to earn $4,000 net TO pay : per cent
dividend, and, as we have before pointed
out, in connection with the p. W. & Ky.
road, the little CHARTERS line earned
nearly three times that amount net in one
year.
We are gralilied to see these short mar.
row gauge lines projected all through this
section OF country. They are the cheap.
est method Of transportation the farmers
can secure, and in winter are the only
means by which they can market their
ploducts, or have any convenient, com.
Portable and economical intercourse with
the world. They can be built as cheap us
turnpikes "a great deal cheaper in
broken country and used at will almost
as freely AZ common roads by the people
along their routes. Their saving in the
way Of wear and tear 20 man and beast
is an important investment to all farmers
within their reach.