The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-03-11
A $4,000 TRANSACTION
In Real Estate is tho First Made
by the New Vince ling
TITLE AND TRUST COMPANY.
The McCortncy Property on Market
Street Purchased for tfiisAmount.
Officers of tho Company Elcc.
Z ted - Future Operations.

Tho new Wheeling Title and Trust
Company.is now fully organized and
ready for business. In fact, 1t has already
commenced to do business, and It's first
transaction, which was in tho real estate
line, was one Of considerable magnitude
and Importance. 1t consisted OF tho
purchase OF the property situated on the
west side Of Market street, between
Thirteenth and Fourteenth streets,
known as theJ. r. McCortney property,
for $4,000. This property embraces Nos,
1916, 1877 and 1910 Market street, the
buildings occupied by DR.. A. F. Gasmire
and tho Mutual (Dime) Savings Bank,
flcbrank, The ieweler, and Schulz, the
conieclioner. .
Tho organization Of tho Wheeling ri.
tic and Trust Company was CONNECTED
last week at a meeting OF the Board OF
Directors, when Henry NJ. Russell, ESQ,
was elected President; Col. Thomas
O'Drien, Secretary; Mr.. Alex UpdegratI,
Assistant Secretary and G. RE. Giichrist.
Esq Examiner OF Titles. The selection OF
officers is one that every member Of the
company ha'rcason to congratulate him.
self upon and especially 80 on
the election of Col. Thomas
O'Hrien as Secretary; as such officer
he will be the chief executive OF the cor.
porallon, and his long and successful
business career In this community
marked as 1t has been by tho utmost in.
tegrity, ls sufficient assurance that with
the affairs Of this new concern en-.
trusted 10 his hands they will
be administered in q business.
like and successful manner. Colonel
O'Brien has for long time been en-
gagged in the real estate and brokerage
business and his fund OF information In
that line will DO OF great value to the
company. Mr.. Updcgraf, who is
to be Assistant Secretary, ia one
OF tho most accomplished &C.
Countants in this city and will
leave responsible position in the office
OF the Belmont Iron Company to accept
this new place. Mr.. Russell is known
as one Of The ablest men at the bar in
this State, and Mr.. Gilchrist, the Exam
liner, has ever since he began to prac-
tice, made titles study. The company
starts out aplendidly equipped with OIL.
cers-in fact. 1t is the general expression
OF opinion among those who have learn
ell Of the selections, that none better
could have been made. q
The company started OF with capt.
tai stock oil 500 600; that has all been
taken, and m additional issue OF Sc, 900
Inns heen ordered on the market for sale.
The company's charter limits the stock
to 100000 in ali. I.. =
1t is not the intention OF tho company
to occupy the property it has purchased
just ut once. 1t will open its Offices
regularly in few days ia the large
room in the Reilly building that has
been occupied by Wheeler & Son, the
tailors. mt RI.Ir me- :
The Schulz building included in the
purchase made by the company, is a
comparatively modern structure and
runs entirely back to the alley in the
rear. The others, however, are old and
only run half back and 1t is very prob
able that Ia the near future they will be
replaced by q handsome business struc.
ture, half OF the lower portion
OF which will be occupied
by the Title and Trust Company. When
such time comes safety deposit fea.
ture will probably be added to the com.
pany's business and huge vault, say
2ox20 feet, provided in the new building
TOR that purpose.
The company starts of with the most
excellent prospects, and with the men
who have been placed at the head its sue.
cess is almost an assured certainty.