Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-02-19
RAILROAD MATTERS
CONSIDERABLE ACTIVITY SHOWN THROUGH
OUT THE STATE.
Progress Of Construction Upon Several LiHss-Nsw
Projscs General Matters Relating to Vari-
GUS Corporations.

ferring to the litigation between Henry
G. Davis and Mr.. Shaw, over the West
Virginia Central railroad, say the secu-
rites of the Company should now adj
vance, as the depressing influences
have been removed. Continuing, the
circular says:
THE West Virginia Central and the
| Piedmont and Cumberland roads earn
largely in excess OF their fixed charges.
The system is about TO be extended from
| Cumberland to Hagerstown, and we do
not doubt will eventually be built TO
] Baltimore, which will be great ad-
vantage to coal trade of our city and to
the consumers OF bituminous coal. An
effort was made by the West Virginia
Central TO obtain control OF the West
ern Maryland road as an outlet to tide
water, and liberal terms, as it appears
to US, were offered for the road, but
the city, which owns the property. saw
fit TO decline the offer and we believe
all idea-of acquiring the Western Mary
| land company has been abandoned by
the West Virginia Central management.
A new road can be- built between Ha-
gerstown aud Baltimore for much less
than the sum offered for the Western
| MARYLAND. The West Virginia Central
system has brilliant future as it aP-
pears to u.s."
They then go on to say:
''At the monthly meeting Of the West
! Virginia Central and Pit:sburg Railway
Company, held this week, dividend OF
one per cent. was declared upon the
stock of the company, and $3.50 per
share, 5 per cent, was declared on the
capital stock OF the Piedmont and Cum
berland Railroad Company. The divi-
dend on the West Virginia Central is
the same as last year, but the Pied
mont and Cumberland dividends the
| first one declared, although the COM
pany has earned handsome surplus
over its fixed charges for several years
and has placed the whole property in
irst-class condition. The lease Of the
Piedmont and Cumberland to the West
Virginia Central Company for 63 per
cent OF its gross earnings was consum-
mated.
From the above statement it will be
seen that the West Virginia Central
Company has earned, in the first seven
months OF the fiscal year, 1927, 600 net.
''The West Virginia Central has out
standing SO, 900, 600 six per cent. bonds
and the Piedmont and Cumberland $780,
600 five per cent. bonds, making the to-
tai interest charge OF the system S2l2,-
500. During the next five months the
company will probably earn $3.50, 600.
Last year it had a surplus OF SloHOoO
over all fixed charges. >
The County Court of Upshur county,
was in session last Tuesday, and made
orders to submit to a vote OF Buckannon,
Union and Warren districts a PROPOSE
ton to subscribe $40, 900 toward the
building OF railroad between Buck
harmon and Belington. The court also
submitted to a vote in Meade and Banks
districts a proposition TO subscribe to-
wards building road from Hampton to
Centerville. The first mentioned road
is 10 build a connecting line between
the West Virginia and Pittsburgh at
Buckhanpon, and the West Virginia
Central and Pittsburgh at Belington,
and IL is said that those roads will assist
to some extent in the construction OF
the new line. The surveys were
made early last year and part OF the
right Of way was then secured. The
building of this connecting link would
give a direct line from Baltimore
through the connection with the Balti-
more and Ohio at Belington to the lower
terminus of the West Virginia and
Pittsburg road at Addison, Webster
county, and will, with the building or
the projected Elk River railroad OF the
latter company, reach Charleston and
the Ohio River by way Of the Kanawha
and Michigan, which is now connected
with the Chesapeake ard Ohio. 1t would
also give an independent connection
with the Chesapeake and Ohio by way
OF the new road up Twenty Mile Greek.
The building of the railroad from
Harding to Belington is assured. The
road will be commenced in the spring
by the U. S. C. l. e. NJ. Co. in case ar
engagements are not made with the
! Roaring Creek and Charleston road TO
extend their line to Belington. The
| road will be built next summer.-A pc
tition, signed by ffty-fve voters OF
sented to the County Court Of this
county yesterday evening praying the
court to order an election to be held In
that district on the Goth of March to
take the sense OF the voters on prop
osition to subscribe IS, 900 TO the capital
stock Of the Point Pleasant, Buckhan-
non and Tygart's Valley Railroad. The
Court, after considering the matter.
granted the prayer Of the petitioners,
and ordered the election to be held as
asked, and the voters Of that district
will have an opportunity to express
themselves on that question. The
county OF Upshur will vote on the same
day on a proposition to take $4,000
stock in this same company.-Phitippi
Republican,
The annual meeting OF the stock
holders OF the Cheat River Railroad
Company was held yesterday. The fol-
lowing officers were elected: President,