The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-03-22
HOME RAILROADS.
rvscARAwAs RAILROAD TROUBLE.
Alleged rrIet.ry Ahou. Forcing ltIuto R.e.lr'r'l
HAsds-H.Arius OF the Cass-P. ". &Ky.
stoekhoidsrs' 'Msetins-0hio River Road
Contraetors-So Rumors Denied.

MAssILLoN, March 2l.-Among our busi'
ness people there is no question which in
terests them more directly than that oi
any matters pertaining to our different
railroads. The truth OF this is evidenced
by their recent donation Of $4,000 and a
free right OF way through the city to the
recently constructed W. 81. E. Railroad,
and the subscription OF $4,000 to the c.,
T. v. & W. Road at the time it was built,
about ten years ago. As the last mention
ed road has, from surface view, failed to
prove as profitable as was anticipated by
those here who materially aided in build.
ing it, their attention has particularly been
directed toward It's management under
different administrations. The first sur.
prising change was the throwing Of It into
the hands Of receiver little
more than year ago, and again its sale at
the instance Of the bondholders about a
month ago There are number Of our
capitalists who willingly sacrificed their
original subscriptions for the benefit re-
ceived by the road passing through the
town, as there are others who yet have
money interest In it. Your correspondent
has made some inquiries concerning its
present condition in order that the public,
even outside OF Massillon, may be posted
on an enterprise in which every one living
in the Tuscarawas Valley wishes to see
prosper. II will be remembered that at
the last term OF the United States District
Court at Cleveland, Judge Baxter presid-
ing, a motion was filed by Clement Rus
sell, OF this city, to set aside the sale oil the
road for reasons set forth in his petition.
FROZEN OUT.
. Mr.. Russell has been director since 1t
was built up to the time OF its sale, and
contributed largely Of his wealth to lead 1t
to paying basis. In January last Messrs.
w. F. Turref, General Jack Easement,
and B. F. Morse appraised the road, and
their report showed: total valuation, ST..
325, 1882; personal property, including
rolling stock, etc, S553, ,3BS2S; interest in
leased cars, SS00,6ll.0l. 1t is claimed by
Mr.. Russell in his petition that extensive
lands, lying between Uhrichsville and
Bridgeport, said to be worth 5000, 900, were
not included in the appraisement, and he
also asks that the following bonds, issued
without authority, be struck out from par.
ticipating in the distributiye share OF the
estate: bonds to the amount Of SG2S, 900 is.
sued in 1877; first mortgage bonds oil the
L. S. & Tuscarawas Valley to the amount
Of $4,000, and Sls, 900 first mortgage bonds
Of the Elyria and Black River division Of
the road.
Upon hearing Of the case Judge Baxter
appointed Captain A. ]. Kicks, clerk Of the
toatn 30 tnIr
mony on the points raised in the petition,
and 10 report on the third Monday in
April. We understand here that the mas.
ter commissioner is engaged this week in
the duty assigned him, and people in
this section expect some startling deyel-
opments--as they fail 10 understand how a
railroad which earned, according to the
report Of the receiver, Sl,004,57 81 in
eleven months and seven days can be
bankrupt.