The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1899-04-26

The bend Proposition Submitted for
Valley District Ninety per cent Of
the People over There are Said 10
Favor the NOVEL; carried Through
ii will be very Good thing Tor Nor
santewn-What the Argus says about
IL
The Klngwo0d Argus Is very much
in favor Of helping the construction OF
the proposed rlilroaS rom Morgan
town 10 Kingwood, la its last issue
the matter reproduce below was
given:
The building of the railroad be-
tween Kingwood ahd Morgantown is
now assuming tangible form and sue
cess seems to be assured. The matter
seems to depend very largely on the
people along the line of the road In
Valley district, this county and Nor
gan district of Monongalia county.
These people will be benefited more
than anyone else by the building OF
the road and it is therefore but natu-
raj that they should have more in
terest in the road than anyone else
AT the session of the county court
held here last week petition was
presented and signed by quite a num-
Der of the citizens OF Valley asking to
be allowed to vote on the subject OF
taking bonds in the proposed road.
The court thereupon passed an order
covering the whole ground, and max
Ing the matter very plain, so that he
who runs may read and fixing upon
the first Saturday in next month for
voting on the question. The COM
missioners OF the last election were
appointed to conduct the voting at
the three polls Of the district Reeds
vile, Masontown and Herring and the
law requires thfee-flfth majority of
the vote, cast in order TO ratify the
bond issue. The order provides that
the district may take SIS, 600 in the
bonds Of the road and that this
amount shall be preferred stock and
come in ahead OF everything else as a
tlrst lien on the road and furthermore
that not dollar is To be invested ex-
rept as the road Is built. So that the
district can run no risk whatever In
the matter, for IL the road Is not built
not dollar of the bonds can be paid
over or invested. In fact, they can
not be issued till the road is built.
The order provides that as each mile
of the road is built and in running
order In the district one thousand dol
lars of the bonds are to be issued and
tnrna1 m ha
the fifteen thousand is delivered.
There will be something over eight
miles Of the road in Valley district
and as the work will begin at the Nor
gantown end and come this way sever
al miles will be built and running be-
fore it strikes Valley district and the
stock is first mortgage on the whole
road, not only on the part ia Valley
district, but on all Of 1t, and as it is
chartered for a capital stock of $780,
900, It looks like the road ought to be
good for the distaict bonds, anytime,
so that as we said, we do not see how
the district can run any risk whatever
in voting for these bonds.
Ofcourse it will increase the taxa
ton of the district, because ii will in
crease the value of the property Of the
district very largely and viii bring a !
lot of capital and business to the dis
trict, that would otherwise probably
never come without railroad. The
railroad Itself will pay heavy tax to
the district and in the end it will be
largely the gamer.
The only parties we have found so
far from the district who were opposed
TO the matter, did not understand the
question, but seemed to think that
they were called upon to donate that
amount TO the road With no assurance
that it would be built, but when they
find out the exact situation they are
all In favor OF 1t and we insist that
everyone read the order Of the court
very carefully and investigate It thor
oughly before the election comes off
on May 9th. Don't take anybody's
word for it, but study the proposition
yourself
Mr.. ]. Ami Martin, the general Supt.
of the road. declares that if the bond
issue carries they will be at work on
the road bed IN ten days. He proposes
to call meetings at several points in
Valley district and get the voters to-
gether and explain the whole matter
to them and answer any questions
that may be asked by anyone.
In Monongalia county the interest
is even greater than in Preston and
at Morgantown petition was clrcu-
lated recently asking the county court
to call an election for that district
(Morgan) the wealthiest In the county
because it contains all of Morgantown
and a big lot Of property, to vote on
issuing $i5, 600 in bonds for the rail-