Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-11-29

VOL. 22.
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,R, OF COMMISSIONERS AND
Sr MT. VERNON, WHAHh'hN" AMI
iSS iSIaoCTON RAILROAD
= rs.,srday's REslsrEs was q eOmmuni,
u .igned Citizen" 1t commented
SaD' ne proposed contract about to be
S ' into between the Mt. Vernon
'S,'.Spr ,2 and COshOctOD Railroad and the
'Ss ,;s.iopers of Ohio county, in which 1t
.,ossd the latter subscribe at once to
p oGo worth Of stock OF said road. In
4 I. oorning's REGlsrEE the proposed con-
y, !, published, so that the public may
/ |;,,t rha, sort of an obligation he Com
'-s,,srs are binding the county to per
ard what security the Obligse is giving
-. The terms of the contract are not
+. ,:I,5 on his side. L. S. JoRDAS' ESQ.,
,ogp,y attorney, with the advice
.o,ssnt of the committee, drew up the
1 -..-.c, a. d in all likelihood it will be act
/ I'm ayorably by the Board when 1t
/ -. which is on Monday next.
While the REGISTER does not desire to
r.Bv unnecessary obstacle in the way
~. buildins Of the road, but on the con-
xopld like to see it built yetit believes
/ Board Of Commissioners should protect
/, 'ognrv against all possibility of loss in
went suv hap or mishsp should Oetall
/ r,ser,akeu whereby Ohio county would
/ We the loser. The railroad company
- the credit Of Ohio county to
,,rpFsled certain things. As for IN
.r,,. to ret certain rights from the Ohio
1 ,si,s.ure, such as canal privileges; The
/ ,2,,pv wants to inspire confidence so as
,G,,e.sfally negotiate bonds, etc. There
-, o6iecrion 70 all this, but the point IS
4. Or.o counry's credit shall not be made
-, nav to her injury. This contract
,..r. in a measure to cover this particu-
,o.-, bv the security clause contained
..,;, But what of the security? The
,nri:yiug clause is 100000.
cga,.,y certainly ought to be
/ .,ry as GOOD as that Of the county OF
+, vlich is Of the best. That amount
-rl seem enough, but under the Ohio
t.Ie.s are liable for double
1 ,,,rnp, IT heir stock, therefore It aP-
.,.s ,l.i n his ifs.ance the commission
bsva MOI rxaetad in the bond more than
", or-b. ia, much. But as said before,
At will be the quality of the security!
. hopd nigh, be made million and be
,,b,sss When FIVE years roll around If |
10, gra-d,d with the wisest and safes
v;.ors There are certain kinds o
.r,:t7 that would not be worth much.
- ,be security Of d railroad on paper; or
l. jncompl, ted railroad; or railroad With
- Or possibly two mortgages covering all
!. lines and rolling stock. Anyhow rail-
al security is sometimes very hesish
rs character; SO much so that
|.ls1 it is wanted it can't be
rrd. Security here at home, well
lrayn to be perfectly responsible would
1nexceptional if it can be had to go
he iniemniiying boud. Surely friends
lie project in Wheeling, Who have full
s-h in II and are pushing it, could not ob-
x, 10 going on the bond? When q qUid
aro is so peremPtOrily and thus early
nandei, the same ought to be given
p.hout a vhimper. In business the old say
What's fair for the goose is fair for
-ander,' is coed logic in this transac
IN
Since the above WAS put in type, Fl. NJ,
SELL. Esq, an assistant attorney en-
ged by the Board Of Commissioners
help draft the contract has in
.red the REGISTER that the
1ntract. as pubisho1 in this morning s
riDer, has some features in it that are OBJ
.ciOnsble 10 the railroad people, and sn-
her one may have to be drawn up, cover
| D, the points necessary to secure the
yQluty, but yet unobjectionable to the com
yany. Their objection being principally in
be route to which the published contract
ads them; they want q little more
aa.ade. Mr.. RUSSELL also says that the
phR Of ~ .tre,hip makes the contract inOP
saive until the road is built. In other
Tords: 1t is held, no liability is imposed
upon The county until the obligation OF the
nlrcad is complied with. So that, after
n. when the proposed contract, as it Wi
appear for approval, is intended more as an
assurance to the railroad that Ohio county
TilI beyond all peradventure, subscribe tG
70 the stock when the proper time arrives
However all this may be, now is the time
TO DO night. whatever is done, and too much
care cannot be exercised in so important q
natter.