Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-05-05
TO THE BUSINESS MEN OF WHEEL
ING.


In Senator CANIDEN's letter to the w.
T. C. Railroad Company, which We
published yesterday, after stating that
in consequence of the delay in prOcur-
ing the right of way, the original plan
by which the money to build the road
was to lie obtained by the sale of its Sc
curieties upon the market had to be
abandoned by reason of the changed
condition Of the market for such securi-
ties, he uses the following language:
Another understanding has since beer
effected. by which the money will be
furnished by individuals to build the
road, taking in payment its securities
(which is not dependent upon the sale OF
the bondS) But such arrangements until
fully cOnsumated are based upon present
conditions, and are subject to changes
which may occur. Ii is understood that
the right of way is TO be completed aud the
road ready to he placed under contract, be-
tween Wheeling and ParkerSburg without
delay. should this nos be done promptly,
il viii unquesuOnably endanger this last
arrangement also
In other words the success of the road
was so far jeopardized by the failure to
procure and settle the right Of way last
summer that the syndicate found it i'm
practicable to raise the money by plac-
ing the securities of the road upon the
market, as first proposed, and would
have been justified, according to the
terms of the original proposition, in
Withdrawing their proffer of capital to
build it. For it was confined to the
season of 1881, and made under the con-
ditions of the money market existing at
that time.
Now, Senator CAMDEN distinctly
states that the second proposition, by
which the money is to be furnished by
individuals, is Enitcd TO the present ScU-
SON. They take no risks of a changed
condition of the money market next
season. The risk is put upon the pro-
jectOrs of the road.
The proposition plainly stated is:
Furnish US the free right of way in time
to let the contract for constructing the
road this spring, and we will at once
begin the work and build your road.
If you delay it beyond this spring, you
relieve us from any obligation, and our
proposition must be regarded rs oil.
As we stated yesterday, the sum Of
$4,000 is assigned to Wheeling to COM
plete the purchase of the right of way.
If this money is not raised ut once,
every probability is that the enterprise
will be defeated. Ii cannot be raised in
time by voting a subscription, for the
Board of Commissioners does not meet
for month; then thirty days would be
required for advertising; then consider
able time for receiving returns, issuing
bonds, &c, so that the season would be
far advanced, even if the money was
voted.
twill therefore appear to our people
that there is an urgent necessity for
looking after this matter at once, that
it do not fail, and that when the gentle
men representing the capital visit here
next Tuesday they find some degree Of
interest and aid being manifested in 4
city which is supposed to be one of the
principal beneficiaries in this enterprise.
The money ought to be, and we think
can b., raised in few days if some Of
our citizens of means enter actively into
the matter and show their faith by con-
tributing to it. 1t is not Il gift that is
asked, but Il subscription to the stock of
the road, and TO b. phil only ,rbcR the
road is actually PIT 'mdeI' contract Of
construction.
The company has already expended
some $4,000 i'm surveys, &c., OF which
Wheeling has contributed only about
onc-sixth. The amount now assessed
upon the city is not eXorbitant or un-
equal. We trust that some Of our iu-
fluential citizens will take this matter
in hand Immediately.