The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-06-30
Indefinite pusrroNEnEST
Of the River Railroad rroJeci-A Com
piefe fizzle on the PART Of the SJndI
cate-Ti.s tl.inusat bort OF m Lxcuss
for Hacking out. -

piete fizzlc on the PART Of the NJ udI.
cate-Ti.s 'il.innsat Bort OF IN Lxrusc
for hacking out. 80 =, -. r..
9:.,s,.I...,s. e NEW YoRS, June 90, 1852.
To The President aud Directors Of ths WI.
& c. r. r. Co.! NJ, -
The gentlemen representing the Syndi-
cate to build the rosd from Wheeling down
the Ohio river to parkcrsburs ind Point
Pleasant met in New York on the goth
inst. = - ~. i.s r. .t.i lsr,as,si
Mr.. Ilsler, who had been selected IS a
practical railroad exper. to examine the
line OF the road AMI obtain statistical in ior-
nation, submitted his report rccoa,mend.
ing tina! the entire line be built from
Wheeling to Poin. Pleasant. - q,
The syndicate expressed confidence in
the merits Of the enterprise, and coEcurred
in the Recommendation tina. the whole line
should be built at the same time, bu, were
OF the opinion that the present unaatisfac-
tory condition OF financial matters resulting
from the great depression in railroad re-
curi,ies, and the general feeling OF unccr-
,ainty and apprehension produced by Labor
! strikes and other causes, made it hazardous
and unwise to commence an investment
Of this magnitude until feeling Of conf.
deace is restored. ~, .y... ~, -. II
Asyou were informed by me at the last
meeting Of your board, the syndicate has
been formed with capital sufficient to build
that par. of the road from hNYheeling to
ParkersOGrg, leasinst the part from Pin Eers.
burg 10 Point Pleasant to be provided for
alterward; hut after apersonal inspection
Of the whole land by some Of the members OF
the syndicate, they were Of the opinion that
the true Interests Of the enterprise required
that tho entire linei. from Wheeling ~
Point Pleasant should be built at the same
time in order to secure the important
advantages Of through connections for BUSH
ness between Pittsburgh, Wheeling and
Parkershurg, and the South and Nest BY
CONNECTIONS contemplated from Point
Pleasant. It was then proposed 10 double
the capital Of the syndicate formed to build
the road from Wheeling to Parkersburs
AID to build the entire line, aud also tO
look TO the necessary arrangements for con.
nectians with other rouds- The meeting in
New York vas for the purpose Of inrrras.
ing the capital oil the syndicate and carry
ing out this view, but as stated, after care
fully considering the present unsettled
and unsatisfactory Gnancinl outlook, it WIS
thought best to defer further action until q
more settled and satisfactory feeling 10 do.
veloped. The syndicate is sati.aed with
tine merits Of the rosd and looks to build
ing, i, as soon as circumstances are fayora.
BILE, and, recommends that your company
complete the surveys and free rights Of ay
from rarsersbuH TO Poin. Pleasant, 50 as
to be in position 10. eItnr into arrange.
ments, for building the road whenever tht
financial condition. changed for the better
and in order Ito enable your company ii
met the necessary expenses ior this pur'
pose, arrangement we're lhade to furnish
you the means required. { L = ,ts8S
,s US =, = 's'' Very respectfully,
J. \. CAMDEN. +