Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-07-08
THE w.P. A G. RAuROAD.

The STATE Journal refers to Senator
CAMDEN's late letter and to some of
the newspaper comments thereon, and
adds:
''Still we don't abandon the road.
Upon the contrary We still believe a
railroad will be built between Point
Pleasant and Wheeling. That syndi-
cate NAV be dead, though we don't be-
lieve il is, but the railroad project is not
dead, nor will it die. If the capitalists
heretofore interested should drop out
entirely, we believe that others will
take their place. No such unoccupied
territory for investment of the kind ex-
lists anywhere in the land, and that is
one of the grounds Of our faith. We
have been asked why We take such an
interest in the building of the road?
Why advocate it in our columns? We
answer, because We don't want to see
our town deserted, its streets grown over
with grass, and our citizens fenced in.
We take pleasure in attesting to the
unselfish and liberal spirit that has
characterized those who have done the
real work Of preparing for the construc-
ton of the road, and. we are glad that
Parkersburg has, through such citizens,
demonstrated that she can in a very
limited time command capital by the
million, and feel that she will yet dem
Onstrate that her enterprising citizens
will do their part in securing the COM
pletiOn Of;the work so well begun. We
don't believe there is any tiZzle, nor
will there be am abandonment
of the project. The road
will be built, and We believe 1t will be
built speedily by the men now at the
head of it. Suspension don't mean
abandonment in this case. \ change
in the original plan has necessitated in
creased capital, and the men who raised
II, 200, 900 to build the road from Wheel
ing to Parkersburg will raise =, 100000
to build the road from Wheeling to
Point Pleasant. Let the survey of the
route from PaTkersburg to Point Pleas
ant proceed at once, and every preFir-
alton for the speedy construction o. the
entire line be made. The road must De
built"
The tone of this article presents
happy contrast to thst prevailing in
the comments of some other papers.
The REGISTER presented, in brief, the
views of Chief Engineer SICKLES, last
Monday, t. the effect that the road will
certainly be built, and he is pretty good
authority, or, at least, is generally 50
regarded amongst many of the leading
railroad men and capitalists other than
those who edit newspapers hereabouts.
1t is something more than a morn /
ing's lob to raise II, 900, 900 for an enter
prise of this kind-at least the promo
tiers of this undertaking have
found it so. Mr. SICKLEs fur
Their remarked that capitalists were
especially timid at this time in eOnse-
quence of the general interruption OF
business caused by the strikes. While
money is plentiful in New York and
many are seeking investments, the in
vestments sought are such as are already
dividend-paying. Investors in new en-
terpises must inevitably remain without
dividends for considerable time-un-
til the work is completed, its business
built up, and sufficient time has elapsed
TO earn profits; therefore, such enter
priSes are sought only when capital is
very abundant and the confidence of
the country complete.
We have seen or heard nothing yet
which casts shadow of a doubt on our
minds as to the building of this road. 1t
is about as certain to be built as any UNI
accomplished event is certain to hap
pen. There is nothing in Mr.. CAM
DEN's letter to indicate any other con-
clusiOn; nothing in the merits ofthe en-
terprise itself, and nothing N the gener-
al business prospects of the country to
cause the friends of the road to relax
one effort, or for one moment to lose
faith.