Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1882-09-03
A NEW RAILROAD.
wheeling and Cincinnati to be
Further Connected.
Conference Over the New Road-The Region
Through Which It will Pass-agrieuI- :
tural and Mineral Wealth-The
Capital interested.
HAS VANDERBILT ANY DESIGNS ON 1T?

WIS ncku AZ tue SarTOlltOu oOVeI 1uursuaJ
evening, between representatives of pro-
jected and partially finished road between
Cincinnati and Wheeling, their financial
sgents, and number Of Baltimore capital
lists and business men, who met to consult
upon the best and speediest means to be
adopted for the completion of the road,
which is known as the Wheeling and Gin
nm ii Mineral Railway Company. Messrs.
F, NJ. Atkinson, Vice President of the road,
and President of the First National Bank.
Of Batesyille, Ohio, and VIM. II. Atkinson
of the same place, Secretary and Treasurer
of the road, were present and the financial
agents, Messrs. Middendorf, Oliver Il Co.,
were represented.
The Proceedings Were Informal.
and we're chiefly given up to the hearing
from Col. Thomas K. Sharpe, Consulting
Engineer now Of New York, but formerly
Master OF Transportation of the Baltimore
& Ohio Railroad Company of his impress
sions, after personal inspection OF the
route as to its advantages. They were
most favorable. No definite result was
reached, but after very satisfactory in
terchaDge Of views the meeting adjourned,
subject TO an early call. The route from
Wheeling to Cincinnati is between those
taken BY the Pennsylvania and Baltimore
& Ohio systems, and tapping in its course
number of important branches and main
lines, at the same time opens up compar-
atively fresh section of country. Upon the
revenues derived from the trade OF this
newly-opened and prosperous belt the
friends 81 the road state that they rely for
remuneAtiye returns upon the capital
invested the main line, go miles i'll length,
Passing Through Thirteen Counties Of
Ohio,
with two branches of 26 and A miles re-
Spectively. Two connections at least with
the Baltimore and Ohio and two with the
Pennsylvania Railroad Companies are Sc
cured, and there are other possibilities;
and according to the route surveyed the
comparative distance between Wheeling
and Cincinnati will be as follows: BY the
new road, 230 miles; by Baltimore aud
Ohio and Pan Handle, via Columbus, 263
miles; by the Pan Handle route, 292, and
by Baltimore and Ohio, via Parkersburg,
1855 miles The route, to speak shortly,
will be from Cincinnati to Sardinia, TO
Hillsboro', TO Chillicothe, to Logan, to Nc
CCnnellsville, to CampbelPs, to GAINESVILLE,
to Wheeling. The country through which
it will run is rich in coal deposits, minerals,
and in some parts in cereals, and OF itself
the road, with favorable freight and pas
Senger arrangements with connecting
roads will doubtless do a paying business.
made a part OF chain or SYSTEM All
along the route il would be more or less of
Arrival TO the Baltimore and Ohio,
especially of its Marietta and Cincinnati
branch. striking as the new road does, Gin
cinnati, HIllsboro', Chillicothe and Mari
eta, all four points highly important to
the Marietta and Cincinnati. tits rival,
too, at a number of points of the Pennsyl-
vania Company. But what is most striking
among the possibilities for the new road,
outside of strictly local business, is that
the Vanderbilt system, which now connects
Harrisburg with New York, has under con-
sideration the construction. on compara-
lively easy grade, OF a direct line from
Harrisburg to Wheeling. The route has
been surveyed. Should it be completed,
and thep obtain, by lease or otherwise, the
Wheeling and Cincinnati road (thC right of
way for which has been almost entirely
secured the Vanderbilt system would
have almost an air line from New York TO
Cincinnati. In this connection it may be
recalled that
Mr.. Yanderbilt.issQuO as Saying
that he would have direct connection with
Baltimore before very long. The surveyed
route between Harrisburg and Wheeling,
if tapped by a short branch in the Cumber
land Valley, would connect with the West
ern Maryland Railroad Company, which
might be induced to thus form an import
ant link in line reaching east to New
! York and west to Cincinnati and far be-
yond. The prospects of the new road are
| certainly promising, though negotiations
| are still pending. The capital stock is fixed
| at ~, 100000; first mortgage thirty-year {
! per cent. gold bonds, free from government
| lax, at 81, 100000; the bonds to be
| issued at the rate of $4,000 per mile oil
! road, as it is completed in sections of ten
! miles or more, and put in operation; bu,
| before the bonds can be issued $4,000 Of
capital stock per mile must be subscribed tc
| the company'in cash, stockholders being IL
able for double the amount Of their sub
| scriptions. The trustee for the bondhold
| ers is the Central Trust Company, OF New
York, and the present officers are: J. II
Sullivan, President, Bellaire. Ohio; +. NJ
| Atkinson, Vice President and General Su
perintendent, Batesville, Ohio; W. H. At
| kinson, Secretary and Treasurer, BAtesvile
Ohio; ". W. Elliott, Auditor, Batesville
| Ohio. and {. Dawson. Chief Engineer
| GAINESVILLE, Ohio.