Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-11-04
IN RAILROAD CIRCLES.
A Big Loan for the b. y O.-LocaI Traffic
JOtting4.

A Big Loan for the Is. q O.-LOcAl ArhhIC
Jotting4.
A telegram from Philadelphia says:
at was announced yesterday that the
Baltimore and Ohio railroad had bor-
roWsd 1000, 600 abroad, to be used In
extension and improvements, which can
now be pushed without cramping the
operation Of the present lines. This
amount will place the company In al
easy financial position for the next year,
and by the end OF that time 1t is ex-
pected that the cOmpany's business Will
have so increased that it will have no
difficulty in financing for further i'm
provements. Negotiations for the loan
have been pending for several months.
The were opened about the time
the business depression was most
severely felt in the United States, and
when there was great difficulty in salts
fsctorily placing bonds of any descrip-
ton on the market. The matter was
pressed by the officers of the company
and its friends in London urtil syndi-
cate was formed, which has advanced
the amount asked. The money Is now
ia the companY's treasury.
1.-The loan was obtained by the placing
10 London of the bonds Of the subsidiary
lines the Baltimore & Ohio Company Is
building and supporting in Ohio, West
ern Pennsylvania and other points. One
of the terms OF the deposit OF these
bonds in the hands of the English syn
dictate is that the holders shall have the
option OF purchasing them, II they so
desire, before the maturity OF the notes
on which the loan has been obtained. !"
There has been no official notification
received at the Baltimore and Ohio
Headquarters here that the proposition
10 reduce the trainmen's wages has
been abandoned, althought to man up
tree it looks as If such might ultimately
be the case. Now that the road has eff
fected the 100000 loan mentioned
elsewhere the need Of cut may not be
felt so urgent. And then it is indispu-
table that traffic Is gradually betteriRg.
At any rate the trainmen devoutly hope
the reduction will not be insisted on. A
Jew DAYS ago The Post quoted a promi-
nent 3. & o. trainnan to the effect
that he believed the company had aban-
doned the contemplated cut.-PtttS-
burg Post.
During the past few months great
many improvements have been made by
the c., l.. q w. Railway Company,
which cost many thousands Of dollars.
Two new iron trestles, each over five
hundred feet in length, were construct
ed by the King Bridge Company, OF
Cleveland, between Flushing and Hollo-
way, and several smaller bridges were
purchased from the Brooks Locomotive
Works, of DunKirk, n. Y. One hundred
large box cars, all Of which are equipped
with air brakes and patent couplers,
were purchased from the Michigan PEN
iusular Car Works. New depotS were
built at Falrpolnt, Holloway and Stras-
burgh, and a large wareroom and
freight office at Massilon. Several new
sidinRs were constructed and old ones
extended. A construction train was
kent busy all summer distributing new
steel rails, ties and gravel, which was
placed in the main track.
With the progress at McMechen the
citizens are very DESTROYS Of securing a
B. & o. freight and passenger depot in
the town, Traffic to and from Nc
Mechen is now very large and is rapidly
Increasing. Tho citizens will petition
the railroad company in short time
and probably the new structure will be
granted them. There is diversity OF
opinion as to where the depot should
stand.
w. r. Woodford, general manager;
p. Bruner. superintendent; j. E. Terry,
general freight and passenger agent,
and John Moran, road master, of the
c.. L. S w, made an inspection trip
over their line on special train day
or two ago.
Charles Houk, the popular telegraph
operator at the c., L. & w. dispatch
er's Office, who has been confined to his
bed sick, is recovering and will be able
10 resume duty soon.
Conductor Harry Uook. OF the c., L.
& W., and a lady named Gray, Of
Uhrichsviile, were united in marriage
at that place Wednesday evening.
C. A. Wilson, general superintendent
of the w. & L. E., passed over that line
in his special coach, Lawrence, few
days ago.
c. C. Underwood, chief lineman Of the
c., L. & -, is again able to resume
work.
New cloaks for to-day's trade.