The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-06-30
Ghe gntelliasuttr
s-5=..,-9s =, ,o,. n and ~ fourteenth htrect.
~, unrr i,aiiroad Dead: IL Looks
That Way.

We publish 4 document from Senator
c,n,l,o this morning that will be read
~ ,,,opishmpnt by the people OF this
.s,, |, announces that at a recent meet
y. w. n The syndicate ,ha, had agreed 10
te,l .ui!road from here to Parkesburg,
4 n. yeoye would by money and land
I,D,,ion. secure them n free right Of way,
Mr. backed out from their proposi.
~, Nj. Camden lets their action
Ioyn =, easily Us possible in his official
.nrrsi,1tou, but Il il none the
,rS, an iu:loriors back out Of an explicit
.,t.,,,,vdss Oh the part Of the syndicate
,,.b he teopIe who on their part have
laird with the contract. The reasons
.,.s . 4 Justification for this breach Of
S,s Ir rery thin indeed. They are not
,orbv 10 be discussed rs plausible reasons.
Ttp snaacial markets are in a better con.
i,oo today inun they were two months
,,,-a, the time the matter Of subscription
and Jrighis Of way were being SO vigorously
prs,eI by The authorized agents OF the
syndicate. Wall street has more conf
deuce in the future to-day than 1t had then,
and there is every evidence Of an impend.
ipr rise in all classes OF securities. The
syndicate appear simply to have used
llr fetched prete1t for an abandonment Of
The enterprise, after putting the people
along the shore 1880 much trouble and
expense, and after exciting their hopes and
expectations to such a pitch OF faith and
confidence.
Vel, we are glad OF one thing, that the
teoplo gave the syndicate no excuse for
IBIS back cut. We urged frequently before
tie elsr1ioD that should it turn out, as it
Los seems TO hare turned out, that the
sy1ii1sle might want a pretextfor abandon
iag the project, the refusal ot the counties
would afford them that pre-
text. Therefore il wss the duty OF the peo-
Yle 10 see that osuch prctext was afforded
them. The people saw the point, and de
,erm;nel that they would on their. part
l4grd no excuse to the syndicate for any
hesitation or delay. Neither have they.
They have done their part, and the re-
for failure does not rest on
them. They are, thank fortune, in no wise
fOr this fizzle.
We have heard q. one time and another
sow much money this famous syndicate
One member alone Of i, was
'aied At ten times the amount necessary TO
guild the road from here to Pa.kersburg,
md he was only one OF the several very
.ch members OF the syndicate, not forget
ias Mr. Camden himself rs one OF them.
What depression kept all these rich finan-
i.rs from siouldering the two or two and
half millions necessary 10 build the road
rom here to Pakersburs Tney professed
o have faith in the enterprise
hey expected either to keep the
oads or to market them, and
a either event TO express their faith to the
ublic in their interest earning character.
What has changed their opinions? :? They
'ere able to hold the securities themselves,
nd did not need TO depend on Wall street.
I'D they lack the laith they protessed ?
I'D they hope 10 market securities in
ihich they had no faith? 1t is for the
indicate TO answer these questions to the
eople. They certainly stand to-day in al
attitude in public estimation.