Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1894-05-06
srEUBENvILLE.

SrEUBENvIILE. o., May 5.-Thetransfer
| of the l,275 shares of the old PlItsourg,
| Columbus aud Cincinnati stock Pan
| Handle) to 6s7JS sheres of the Pittsbbrg,
| Columbus. Cincinnati aud st. Louis stock,
which was effected this week by the
| Township Trustee, has created consider
| able talk as il is estimated that SteubeE-
vile township lost money by the trans
action. The deal was engineered for the
| railroad company By j. 7. Brooks andsJ.
| A. Lynch, Esq, and IS conslSered rs
good move on their part. In accordance
| with a recent verdict in the Sherrard case.
whereby SIS Der share was allowed Tor
| this stock. it would be worth SS5,6lO, while
| at the time of the transfer the township
receivers stock, the market value OF
which is S29, q72. So At first sight there
seemed to be large difference IN these
| figures, but like almost everything else
there are two sides TO the question. In the
| first place, the fact thet Mr. Sherrard re-
ceived this verdict is no guarantee mat
the township would receive like one, Ks
the case of Robert Garrett. OF the b. 81 y;
railroad. which is also similar, Is sun
pending in the courts and the outlook is
that he will not be so well treated. In tue
next place it is a well-known fact that the
township is sorely in need of ready money,
| being about - 900 in debt, end there are
dividends TO the amount OF $1,000 due on
the consolidated stock, which they will re-
ceive Immediately By making the transfer.
"a bird in the hand is worth two on
bush,n and with this 5000 in cash the
trustees may be able 10 good enough at this
time TO more than make up the difference
of the loss They have held this old stock
for years and never got cent OF dividend
on IL, and as il is good business maxim
70 ~ ia yraiuah la accordance
with its earning capacity, the transaction
may not be as bad one as the hasty at
first declare. Good business men often
make large sacrifices and pay heavy inter
est for ready needed money, and why may
not the servants Of the people do the same
when occasion requires.
Court convened on Tuesday last, and the
grand jury has been in session since. A
large number Of witnesses have been sub
pOsnaed and feeling Of unrest pervades
among the boys that once more Prosecu-
tor Erskine is going to infringe on their
rights and send some OF their friends" TO
the workhouse. SSloonkeepers are very
uneasy. Judge Mansfield is on the bench.
The Republican Congressional Commit
the Sixteenth district will meet here Tues
day to fix time and place for holding the
Congressional Convention.
The Germania Turnverein celebrated its
twentieth anniversary at Turner Hail
Tuesday evening.
James Trotter, the newly appointed post
master for this city, received his commits
sion on Thursday and will take charge OF
Office tomorrow Sunday, May 9TH. No
changes in the working force will be
made at present.
Miss Georgia Collins is home from
pleasant visit 10 friends IN Wheeling.
Mrs. John II. Downey, Jr and daughter
Nellie. returned to their home in Wheeling
Wednesday, after several days visit with
friends and relatives in this city.
Miss Lola Cook. daughter Of Rev. j. A.
Cook, pastor Of the Third Presbyterian
Church, was pleasantly surprised by her
friends Tuesday evening at her home on
South Fourth street
Auditor Blackburn was at Alliance this
week in conference with the Auditor OF
that county TO fix valuation on the Lake
Erie, Alliance and Southern railroad taxa
ton.
Rev. o. V. Stewart, OF the Presbyterian
Church, who is at the homo OF his parents
ia Greenville, Pa, is i'll, suffering from
local lesion Of the stomach
1t is announced that Col. T. B. Coulter
is afflicted with consumption and no hopes
are entertained for his permanent recovery.
He will be brought from Washington City
TO his home in this city about June LIST.
Cashier Kelly, Of the First National
Bank, Of Bellaire, was in the city Wednes-
day on business connected with the settle
ment OF the estate Of the late William
Sharp. of which he is administrator. Mr..
Kelly is always welcome in Steuoenvllle.