The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-02-11
wheeling q TuscaraWas Valley
Railroad.

wheeling d TuscnraWas Valley
ca Railroad.
The approaching completion Of the
Pitbburgh, Wheeling & Kentucky road,
and the ocular denomination almost
daily presented by the arrival and de.
parture Of construction trains that we
have a new line added to our Transports
ton facilities, has SO absorbed our atten-
tion that the progress Of the Wheeling &
Tuscarawas Valley road from the Lake
TO the river at Bridgeport has Of late been
but little noted. 1t is coming, however,
and the fact should not be forgotten that
the completion of the P. W. & K. detracls
nothing from its importance to our manu-
featuring interests, either for the expor.
tahon Of our products or the importation
Of raw material.
Trayersing as it does an almost inex-
haustible coal region, and afOrding as it
will the cheapest possible route connect
ing us with the Lake ports and the mines
Of Lake Superior, it is bound to become
the great ally Of our continued prosper
ity. We cannot and must not ignore it,
but on the other hand should do all in
our power to hasten It's completion. To
insure its speedy completion it is neces-
sary to dispose OF 100000 worth OF
bonds. The bonds will beyond doubt,
prove Il safe and profitable investment
and the sale Of this amount Of bonds added
to the amount that will be furnished by
the company will insure the running oil
the cars to the Ohio river by the let OF
July next.
Chief Engineer Card estimates the cost
Of the 81 miles Of extension at ssO9,26S
orsl4,19S per mile. This estimate in
cludes the cost Of steel rails with which
IL is the intention OF the company to lay
the track. Twenty.eight miles or one
half the distance had been graded at the
LIST Of January, and the work has been
continued since whenever the weather
admitted. The great tunnel at Flushing
is being worked in night and day by as
large force as the nature OF the work
will permit. Upto the lat Of Jan. there
had been expended on the Wheeling extern
sion $4,000, Of which amount the CON-
pany has paid so7O56 out the earnings
Of the, completed part Of the road during
the last year, the balance slO9,94l 81 out
OF the collections from subscriptions.
The bonds referred to are part Of an
issue Of 100000 secured by mort
gage upon the whole line OF the road
from the lake to the river, first mort
gage on the Wheeling extension and a
second mortgage on the 1ol miles already
in operation.
The bonds run 80 years from the 1st OF
April, 1877, and bear interest at the rate
ot7per entpayable semfanhuai'yi''O'
January and LIST OF July.
Nine hundred thousand DOLLARS ., 'ne'e
bonds have been used IN fe'una'1s u
former second mortgage on Tue o,u . a,ne.
The holders OF sl'Soo'ooo Of 'ne 'u,s'
mortgage bonds on the OLD line' mostly
share holders, believing tnaI Tue e1'en-
sion Of the road to Wheeling will increase
the value OF their stock, and having 'ne
utmost confidence in the new OOhas as an
investment, have entered INTO an agree
ment to fund their interest LOT TWO years
in these bonds at par, thus ptoviuins d
large sum from the earnings oil Tue CON.
pany for the construction and equipment
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