Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-05-29
MOVEMENTS IN STATE RAILROAD
PROJECTS.

IN west NIgluA nave cOule 10 Dt suCl
number and Importance this year, that
it is becoming a little difficult to keep
pace with events. The press has been
so accustomed to the task Of trying to
get railroad events to follow it, that it is
a great relief, and a condition of affairs
We heartily relish, to find events of such
q character becoming q prominent part
of the real news of the State.
Our exchanges bring Us information
of several movements within the past
week that are worthy of note. In the
matter of the sale of the Washington
and Ohio railroad, about which there
have been numerous rumors of late that
the purchase VS. made by prominent
capitalists of West Virginia, We find
from the Richmond Dispatch that the
Court confirmed the sale, on Friday
last, to W. G. BEST, of New York. The
Dispatch says:
Mr.. Cazenove G. Lee, acting for a syndi-
cate of capitalists, came forward in Alex
andrIa, a day or two ago, and complied
with the terms Of sale by making the hrst
payment and the cost Of resale, the whole
amounting to $52,232.O4. In this amount
is included the sum Of $500 deposited
with Judge Wexford q shor time ago.. Mr..
Lee then executed -four notes for the de-
ferred payments, and assigned the contract
of sale TO Mr.. Best, who made the payment
for him.
The road is sold to W. j.. Best, OF New
York, and his associates, for $592,0 900; $52,-
232.q cash, and bonds TO be given for de-
ferred payments in one, two, three, and u
years.
Coming a little nearer home, We are
pleased to learn that the County Com
m~issioners of Upshur county have made
the order, after some hesitation, for is
suing the bonds under the subscription
to the extension of the Weston railroad
TO Buckhannon, recently voted in that
county.
The Banner, of the 26th inst, says:
We can this week say that the success of
Our railroad enterprise is a liked fact. The
County Commissioners met on last Friday
and Saturday, and all necessary legal orders
were made in accordance with the vote Of
April 18th, in favor of q county subscrip-
ton of $65, 90 10 aid in the construction.
Before making the order for issuing the
bonds the court required a personal secu-
rity in the sum of $4,000 that q narrow
gauge road shall be built from the town OF
Weston in Lewis county,, to the town of
BuCkhahnon in UpShur county, and that
the same shall be completed and equipped
by the 18th day OF December, 1882, or else
the county bonds of So 900 be delivered
hack to the county. No difficulty was
found in getting subscribers on this bond.
While many believed that it was not re-
quired by law, and should not be demand
ell by the Court. our public spirited citizens
esteemed il a privilege to remove this last
obstacle in the way Of the enterprise, and
parties representing property to the
amount of 10000 came forward and
signed and acknowledged the bond. The
Court accepted the bone and entered an or
der certifying tina not less than three
hfths of the votes cast az said election
of April 18th were for sub
ScriptiOn, and that the appropriation
OF S65,O OO was authorized by the voters OF
the county. VIM. c. Carpes, Esq, was APP
pointed by the court as its agent to make
the said subscription to the stock of the
BUCkhannOn and West Fork Road Com
pany, and Benjamin Basel, Esq, was APP
pointed proxy in behalf of the county To
represent IL in the meetings of the stock
holders of said company. IL was ordered
that the county bonds be executed and
delivered by the President of the court, and
that they De made negotiable and run
twenty years 10 be sooner paid at the option
of the county, and to bear interest at 8 per
cent, $4,000 from July lst, 1889, $4,000
from August LIST, 1882, and $4,000 from
December 18th. 1882.
We notice that the Crock Castle Rail-
way" project is also taking a fresh squirt.
This company was incorporated at the
last session of the Legislature to build a
road from Ceredo to the Falls of Tug in
Wayne county. The company is also
incorporated by special act of the Ken
lucky Legislature, for the purpose of
building a road upon any route selected
by them for transporting to market the
product of large body of lands owned
by them in this State.
The company held a meeting a few
days ago for the purpose of receiving
subscriptions to the capital stock, elect
ing directors and perfeeting their organ
ization. The capital stock is $4,000,
of which $4,000 was subscribed and
ten per cent paid in. Thecompany then
authorized its agent to proceed to the
development of their coal lands, by
driving entries, establishing mining
camps, and settling the points of opera
tons. This looks like business.
y meeting was held at Morgantown,
last week, by the Directors of the Penn
sylvania and West Virginia Railroad.
This is the road that is being agitated
in the three counties of Monongalia,
Marion and Harrison, TO be built from
a point on the Pennsylvania line to
Clarksburg. SOmeO of the active and in
tluential promoters of the project in
Harrison and Marion counties went
down to the meeting named TO stiffen
up the backbones of the voters in Mon
Ongalia, preparatory totheir vote, which
is to be taken June 10th on the PROPOSE
tionto subscribe $4,000. They passed
series of resolutions declaring that the
road would be built at once if the people
of MonOngalia county came to time
with their proportion of aid. Quite a
spirited battle is going onin that county
over the proposition, and the visitors
seemed encouraged with the prospect,
but our adviees from that section do not
lead US to be very sanguine of a favora-
BILE result ofthe vote.
--
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