Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-06-15

~ - 49, -
s6kinx ~ thl1 ~ sid the
promoter III that subsc1iption lor
bonds n Wheeling and WaynesburE
would 80 ! great way toward inducing
Eastern capitalists to buy the bonds.
Col. Horkheimer asked about the
change from Moundsville to Wheeling
as the terminus.
wheeling the Terminus.
THAT has been abandoned, he said,
for two reasons. We wanted to mar
row it down and simplify it. In the
second place we met with hostility down
there from people whom we had reason
to believe would be friendly to us and to
our plans. That is our position, can
didly stated"
Mr.. Hurlburt was called upon. He
said he had no definite proposition to
submit, but would like to hear from
the members of the Board.
Mr.. Brown, the consulting engineer.
and also an investor, was called upon.
He said he had known OF Wheeling
since 1862. A teacher was illustrating
how to build and how not to build
bridges. giving Wheeling as an example
Of the former, because the bridge here
hau blown down. He referred to the
analyses OF the coal to be reached by
the road. and said it compared very
favorably with the Connellsville coke.
The promoters were confident they
could furnish all the coke desired and
would be only too glad to DO so.
Mr.. Brown contrasted his two visits
to Wheeling very pleasantly.
Capt. Dovener next addressed the
meeting. He said he had heard of the
project and had listened with interest to
the discussion. There was no question
about the benefits to be derived from
the building of the road. 1t is a manu-
featuring city entering into competition
with Pittsburg, which has distinct ad-
vantage in fuel over Wheeling. He re-
McMechen, which will be completed in
three years, and will form a pool here
which will be of inestimable benefit in
the shipping OF coal by river to the
southern market He understood that
the bond proposition was very different
from stock subscription. He believed
the investment would pay. He did not
think New York financier would sub
scribe 81 100000 unless he regarded 1t
| as safe investment
Capt. Dovener said the investment
would pay even If there was not one
| cent in returns. He referred to the
profitable county investment in the
| ''Pewiky" road.
Pertinent Questions.
Mr.. George Hook asked upon what
conditions the Ohio county subscription
would be made, and what assurance
would be given that it would not be di-
verted to Moundsville? Another import
ant point would be guarntee of coke
rates as low as are given to Pittsburg.
Mr.. Potter replied The promoters
would submit to the County Commits
sioners plan of agreement for bonds
upon a completed road. The agree
ment would provide that not one cen,
of the money be paid until the road Is
completed. The matter OF rates had
been considered. He said they would
not be obligated to give the same rate
as is offered by another road into
Pittsburg. The promoters have fig
ured upon a cheaper rate than Is being
paid to-day. He pointed out the pos
sible legal troubles which might be en-
countered. He thought the public
should appreciate the fact that the in
terests of the promoters and the city OF
Wheeling are mutual.
Capt Dovener thought the matter
would be regulated by competition.
Mr.. J. c. Brady pointed out the dan
ger of an agreement between competing
roads, which would result to the dis.
advantage of Wheeling. Mr.. Brady and
Mr. Potter entered into colloquy re-
lative to the length of the proposed
road. Mr.. Brady asked a number oil
questions which the railroad promoters
did not feel called upon to answer. Mr.
Potter finally arose and stated that he
would frankly say that the promoters