The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-02-11
FROM HIGH SOURCES
Complimentary Utterancos on the
Course of tho Commissioners
ON THE TERMINAL SUBSCRIPTION.
Interesting Correspondence on the
Subject between the President and
Leading Stockholders Of tho Com.
pany..EGcct on the county's Credit
set Forth.

Some time ago JudgcR. II. Cochran,
President Of tho Wheeling Bridge and
Terminal Railroad company, wrote 10
tho leading stockholders in that compa-
ny in the East, informing them that the
last 100000 OF tho county's subscrip-
tiion Of 5000 had been paid, and that
all matters in connection with il were
satisfactorily settled between the board
OF county commissioners and the repre-
scnta!ives of tho company. TO this lot
ter all the gentlemen communicated
with have returned tho most cordial re-
sponscs. Since tho county and the
company reached an amicable adjust
mcnt without tho interference threat
cucd from outside parties, it has boon
suggested frequently that there ought
to be some sort OF public recognition or
notice Of the matter, and reporter
called on Judge Cochran and asked if
there was any intention to have any
public expression. Ylsr
Judge Cochran said that 1ho would be
very glad to let the public know the
warmfceling on the part ofthc company
Tor the honorable and generous course
Of the county board, and he knew no
hett0rway to express it than by the pub
LEGATION OF tho letters which had passed
between him and the gentlemen in the
East who areintorestodin tie company.
lie handed the reporter these letters,
which are OF tho most tlattering charac-
ter and allowed such portions as seemed
suitable for publication in this connec-
tion to DO copied. 81
The letter Of tho president to the cast
tern stockholders was rs fotlows:
WHEELING BRIDGE & TERMINAL COMPANY,
WHEBLtSG, W. Va, Feb. l, 1892.
DEAR SHIT is gratifying to be able
to advise you that all matters relating
TO tho subscription by Ohio county Of
three hundred thousand dollars to the
capital stock OF this company, were
pleasantly and satisfactorily closed on
Saturday evening, last, tho 30th ulto.
Tho county by unanimous vote OF
It's commissioners has not only paid the
one hundred thousand dollars remain
ing due to this company, but by like
vote paid an additional and satisfactory
amount for interest, detailed state
ment of which enclose. In view OF
the vigorous efforts to induce the county
to disregard its obligations and to
frightcn or coerce it into. an act OF
population, congratulate the county
and ourselves that the matter has been
so honorGbly and equitably settled. 1t
leaves us in pleasant relations with the
public here, it leaves the county credit
untaintCd and it again gives to the
world new evidence Of the high and
honorable business integrity Of the
people OF this community. -
think the bonds are worth hand
some premium, and recommend that
theybe not pressed upon the market,
because l believe that when capital
understands the tirst-class security and
integrity which are behind these bonds
it will be glad to invest in them at
premium.
January 18th. Received from Ohio coun.
loarMnn.hHlf per cent bonds. .........,... $500
On Which there was then an accrued In
Janaary$0ih Received cash COMPROMISE
item Of interest on deferred paymcut... 1910
So Tint the matter s,andsLpaid.. slO1 ,79l
Oh which s is interest paid by the COUNTY.
Yours truly,
K. FL. COCHRAN,
President.
The following response to this was re-
ceivcd from W. B. Thomas, q director.
and the largest stockholdcE OF tho W.
i. " l. Ry. Co.:
BosroS, MASS, Feb 8, 1892.
X. n Cochran, Esq, Wheeling Bridge and
Terminal Rai!'rcy Co., HReeliay, W Va.
DEAR StR:-I beg to acknowledge tho
receipt OF your letter Of Feb. l, and 1
note the closing of all matters relating
to the subscription OF Ohio: county OF
the 100000 to the capital stock OF this
company. l wish again 10 congratulate
you on the successful termination OF
these negotiations.
va
suggest that you on your own re-
sponslbility as president, convey to the
people in Wheeling tho, TACT that you
Know that the final settlement OF this
matter is greatly appreciated, by tho
Eastern stockholders, and that it is OF
extreme satisfaction to them that our
relations continue so pleasant, land it is
our earnest desire that they shall al
WaysContnuc so. Since YOU know how
We al! leel about it, think it would be
agreeable to the owners Of the property
10 !eaye this matter TO your tact and
judgment. Yours truly,
W. 3. THOMAS.
MI r. II. Rochester, treasurer OF the
Western Union Telegraph Company,
ana Wheeling Bridge and Terminal
galway Company director wrote as
SEw EoRK, February3, 1852.
X. u coclrGn EsG, P,tsiaGnl Wheeling Bridge
T y, IG1ladI RailrGy Company, --lrhesIiag, u.
q DEAR SIN: " lam glad to hear
mat yon have had q satisfactory settle
neht with Ohio county and that tho
county has hopored itself by disregard
my mo IntucnCes which wetG used to
sIF 70 make it rcpudiatc, or iail to full
Ill; us obligations 10 our company.
.,l@ honorable action in the matter
should tend 10 increase its credit, and,
ttt.'"Ifeclly, will DO a pecnniary adyan-
.tSe Auch greater thanany evasion Of
contracts could have produced.
what have you done with the bonds?
mink they should not be pressed for
sale They will in all probability in
crease IN value ii held awhile.
II 1 E H H ID ~ b