Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-01-28
ANNUAL MEETINGS.
THE RIVERSIDE COMPANY REFLECTS IT'S
OLD BOARD OF DIRECTORS
The Wheeling Iron and Nail Company Elect Di-
rsctors-Thsy Unanimously Consent to the
Consolidafon-Other Matters Pertaining
to the Corporations

The annual meeting Of the stockhold-
ers Of the Riverside Iron and Steel Com
pany was held last night at the Office OF
the company on Main street. The stock
was well represented at the meeting,
the business outside Of the election OF
Directors being of a merely formal
nature. The old Board Of Directors
was reelected as follows: j. n. Vance,
VIM. L. Hearne, Charles P. Dewey, OF
Chicago; Frank ]. Hearne and John D.
Culbertson.
The annual statement concerning the
finances Of the Company was submitted
and read, and was OF q most satisfactory
character. THE outlook is bright for
the present year." said President j. n.
Vance at the close of the
meeting. Near the close Of the past
year prices had reached an unusually
low figure, due in part to the stagnstion
in certain of the market lines. They
were figures that cannot 90 much lower,
and judging from the indications in the
way Of railroad Improvements the COM
ing year, the steel market is likely TO
assume more lively aspect.
The railroads for some time
have placed few orders, and
the time must be near at hand when the
roads will need repenishing. l note by
the trade papers that there is to be an
unusually large amount OF building
this year by the various railroad corpo-
rations, and it is likely that the steel
works in nearly every locality will be
running full time throughout the year.
The heavy weight traffic TO and from
Chicago during the Worlds Fair prep
arations will tend to the development OF
new roads, the extension OF branches,
and the general outspreading OF various
railroad systems"
"Will the Riverside likely make an
exhibit at the Worlds Fair?" asked the
reporter.
''As yet we are undecided" said Pres
ident Vance. 1--WE occupied space at
the Centennial in Philadelphia in 1876,
and also at the Industrial Exposition in
Cincinnati, but as to the plans for Chica-
go they are not yet formulated. l am
inclined to think, however, that we
Will 'Cu INC pOblcl y dhN ? ANoo WV NJ ANA -
have the field for this section, and they
will likely make an elaborate and hand
some display"
WHEELING IRON AND NAIL co.
The stockholders OF the Wheeling
Iron and Nail Company held their an
nual meeting yesterday afternoon.
There were represented at the meeting
81 n t1f0l OH
LOO. The following directors were
elected:-George K. Wheat, VIM. a.
Isett, w. c. BrOckunier, w, P. Hub
bard, DOdson Trueman, II. II. Horn
brooke, and c. r. Hubbard.
On the matter Of the consolidation
with the Belmont and BenwOod mills
the vote was unanimous in the atfirma-
tive, and the consolidation is now virtu-
ally effected. 1t will require some little
time before the business operates under
the new regime, as many formal pro-
ceedings have 10 be first completed.
The consolidation will do away with
two of the present Office forces, and
there is considerable speculation as TO
what officers will be retained. or
course, the most important position TO
be considered will be that OF manager
and under such a concentration Of
business the responsibilities Of the po-
sition will be correspondence increased.
Some are Of the opinion that the man
ager will probably be selected from one
of the three now serving at the re-
spective mills, while others are inclined
to the belief that he is likely to be Sc
cured from out OF town. The move
ments will be watched with interest.
WASHINGTON GLASS co.
The stockholders Of the Washington
Glass Company met Tuesday night in
the Chamber OF Commerce room at
Washington, Pa. President McCleary
presided. The report of the COM
mittee appointed ct the last meet
ing to arrange some plan for the
increase Of the capital stock was not
adopted. Joshua Forbes moved that
the necessary legal measures to increase
the capital from $4,000 TO 100000 and
a committee appointed to solicit the in
crease. This motion was carried and
the stockholders present, representing
a majority of the stock having waived
the customary notice required by law,
the work of placing the additional
issue of stock will be pushed actively
forward. After the meeting adjourned,
before those present dispersed, 1872
shares were subscribed for. The next
meeting will be held tomorrow evening.