Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-13

The Northern Ohio Valley Railway
Company has been bought out by the
Wheeling Traction Company. The
deal was closed Thursday night or yes
terday morning. The Traction Com
pany was not known in the transac-
ton, the negotiations being conducted
by a third party who from certain con-
ditions which exist, would have been
thought to have other intereSs to
serve. There can be 10 doubt, how
ever, that the purchaser will maAe q
formal transfer OF the stock to Gie
Wheeling Traction Company to-day.
If he has not already done so.
The negotiations for the transfer
have been in progress for three or four
days. The public is acquainted with
the fact that there were d~i5sentfons
among the stockholders of the North
ern Ohio Valley Company, some OF
whom engaged in the enterprise for
purely speculative reasons, and others
with the determination to build a road.
IlcIG NE1S pltflOuo hOSOttHSAoA' ~
the sale of thefranchise, which came to
naught. for Inc principal reason that
the two sides could not agree upon
price and terms.
1T will be remembered that the work
of constructing was commences at the
eleventh hour, the time limit under
the ordinance of the Board or County
Commissioners having almost expired.
The company is also required to FUR
nish a bond in Brooke County to-day,
in accepting the franchise given them.
This bond will be furnished by the
Wheeling Traction Company or its
representatives.
The Northern Ohio Valley Company
has been somewhat embarrassed, both
in finances, and in securing an en-
trance into the city of Wheeling
without the latter, the value of the
franchise would be very much depre-
ciated. Council has been asked to
grant the right to lay tracks from the
corporate limits, over certain streets.
down to the intersection CT Onapline
and Twelfth streets.
1t is understood that the company
has not complied with all the legal
conditions necessary to securing a
franchise. At any rate, the petition
for a franchise will not be pushed, as
the tracks of the new railway will
probably connect with the tracks of the
Wheeling Traction Company at it's
present northern terminus at Jona-
than's Ravine.
The deal which was closed carries
with it the transfer OF a large majority
of the stock to the gentleman who
made the purchase. The price paid
has not been given out, but it is under
stood that the promoters of the North
ern Ohio Valley Railway Company will
receive fair remuneration for their
work, and a fair price for their fran
chise. 1t is understood that they did
not have the money to build the road,
and they would probably have exper-
fenced a great deal Of difficulty in Sc
curing from the City Council the fran
chise which they desired.
1t is given out from an official source
that the actual work Of construction
,of the new road will be taken up at
once. and pushed with all possible Wig
or with a view to having it completed
by fail. Tins will be a valuable addi-
ton to the network of electric rail-
ways connecting Wheeling with the
suburban population. Merchants, es-
p~ecially will rejoice in the completion
of the road. Ilre cost will not be near
ly SO expensive as the expense of con-
Btructing the road from Benwood to
M~oundsville, inasmuch as very little
grading and m%asonary will be neces-
Sary.