The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-07-12
Che ai,teufQlpe'1t1tl:e1..
0nIcci No.. IS and u fou rieeai h si1rei,

- - H. :
oniec, Nos. % ami ~ fourteeni In ) tree
I----------==- --------=-.---=----
!. AN InrORrANTIN INTERVIEW 1,
With the Vice. President or tho Rive
Railroad Company-IiIs ExpInnatiel
OF the Present Suspended Condition q
tue Enterprise. +iitIsY, Iiikl, III +
Special correspondence to the intelligence. .
PARHEllsBuRd, July lo.-1he status Of Il,
W., T. ( G. road seems to DO the preyailin
theme now agiating the minds our people
whether It will be- built, and when an
how; whether the so-called syndicate Is
myth or reality--in fact, everything pc,
tanning TO the road Is matterof public In
portanee iust now. Approaching this fac,
| called upon Mr.. g. ". Thompson yester
day ior the purpose Of securing for ID
public whatever facts lie might deem
proper to make public at this time. NJ
Thompson is Vice President OF the prcsen
organization and has always taken a zealou
and active interest In behalf OF the enter
prise, and still expresses the strongest be
lief in its final success The interview wa
made with pencil and paper in hand an,
can be relied upon. found the gentleman
a. his pleasant office on Ann stEee., an,
without any circumlocution proceeded t.
business .a1issE4 ~ ~ ~. tyi -Istsl
Reporter-0na account OF your Official re
lations with the W, r. & C. road and YOU
active labors in promoting It's interests,
thought . few words from you might serve
to crafty public interest on the subject,
and called 10 ascertain II you had any OBJ
lcctions to making public your views con-
corning the present status and the probable
result OF the enterprise.
Mr.. Thompson.--Ihav no objection to
stating any facts within my knowledge
which will mid the community inp fully
understanding the situation. / have, as
you say. earnestly endeavore,l to put this
scheme for building the road into good
end. s17 '.f1s ii'7 u
You have been present. / believe, al
some OF the recent meetings OF the syndi.
cate at New York. Have you any objec.
tons to giving the sentiment that found
expression ut those meetings concerning
this road?
Twas present and participated in all the
discussions lasting through several days,
and carefully observed and canvassed ali
the points. The universal sentiment was
that the road is . good and legitimate en-
terprise, and, with one exception, the gen.
tlemen were in accord 10 20 right along
with 1t il a sufficient amount OF money
could pe raised TO insure the completion OF
the road without resorting to q sale OF the
securities OF the road to raise the money
for building and cquipping it. Upon this
point careful inquiries were made and il
was thought 10 be absolutely impossible to
place the securities even at q large discount;
and the question then arose rs TO enlarying
the syndicate, or the gentlemen already
engaged in it increasing, their subscrip-
tons. This, too, was July canvassed, and
gentlemen made frank statements in re-
gard to il, and it was ascertaincd that
pretty much al!thc gentlemen were largely
engaged in other and, some OF them, SINH
lar enterprise aud, that they could not
dispose ii securities they held in the pres.
ers state OF the market They, were there
fore unwilling, and in some instances were
unable 10 increase their subscriptions.
Upon consulting other persbns i'm this
linz OF business and likely to become in
,ercsted, the uniform expression was, they
were loaded up nj present, and that it was
4 bad time 10 start an f.en,erprise OF this
magnitude, but in many cases arrange!
ments were practically made to Join the
syndicate when he financial outlook
should become favorable. You can well
understand tha. while these gentlemen
are men OF large means, they do not have
it in the shape OF idle money, but have
their means either actively employed or
invested in interest bearing securities,
which have TO be turned into money when
they start n new enterprise. WAS con.
WINGED by these facts that this was q hard
time to convert suchinvestments into mon.
ey ut fair valuation. -
Were you present at the late meeting OF
the syndicate when the decision was
reached 10 suspend operations at present,
as mentioned in Senator Camden's late
letter? Ia|riH a.! -s-dsJif.as sIf9ast t.r, !
] YVES. Practically ii was not. proposed
TO suspend operations Us You term il, but
simply that it was not good time to COM
iuence doing those things in connection
with the building OF the road which in
ro!ved the outlay OF large sums OF money;
but they suggested tina, the W. P& G. Il.
L. Co. was not yet ready 10 contrac. with
any syndicate for the building OF the road,
and that We should go on and have the
survey completed and the right Of way Sc.
cured, so that when the conditions were
favorable prompt action could be taken,
contracts made and the road quickly built.
l regard this rs important, ipr;we all know
that twice since this project was started the
road could have been commenced if the
present organization had had its Surveys
and right oil way in shape to
have entered into contracts. And right
here want to say that it should be, borne
in mind that neither Mr.. Camden nor any
OF the gentlemen who are honestly and
earnestly striving TO work; UP this pro-
ject should have the whole responsibility
fastened upon them. When syndicate is
once formed. the members who put in
their money have voice in its direction
proportionate to their subscriptions, and
no one would attempt to force gentlemen
to do that which their better judgments
regarded rs inopportune.a
Are the syndicate now furnishing funds
for the survey Of the route from Parkers.
burg TO Point Pleasant, and for securing
the right OF way?
Means will be furnished 10 complete the
survey, and tits hoped that the right Of
way can be secured'in SOME form. l do
not understand that the syndicate have
now. or at any tine, undertaken 10 fur
nish the money to secure the right Of way.
That is to be done by the present organi-
zation. s...I rlt. *.
How soon will your company 60 to work
on the survey and securing the right OF
way between Parkesbug and Point Pleas
ant? fi=-ff'3
We will continue the work in short
time. We are now arranging for corps
Of engineers for this purpose. ) I, t.S-A
Will your company complete at once
the right Of way negotiations between
Wheeling and Parkersburg as contem.
plated by the aid voted by the counties re-
centlyL2s. .-.-
presume the company will not cali in
tie amounts subscribed until everything is
satisfactorily adjusted and i, becomes nee.
essary to do so 10 complete the contract