The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-12-05
LIBERTY TRANSIT COMPANY To
BE ORGANIZED IMMEDIATELY
FINANCE COMMITTEE NAMES MEL
SON C. HUBBARD AN
COUNSEL
To Secure q West Virginia Charter and
VIII Place Sarges on tho RIVor at
Earliest Possible Moment

With the least possible delay IN" new
Liberty Transit company Will he or
gan!zcd, s5nn.u0h worth Of stock sold
and boats placed on III" Ohio river 4"
ply between Pittsburgh and pnrk2rS-
hurs to carry heavy freight. WAS III" re-
suit OF the meeting Of the finance com
mittee. appointed by Il gathering of
river men who met here Monday Il
week ago. which was held yesterday
afternoon. IN tho Dollar Savings and
Trust company building.
The committee met at the Fort Henry
club where they were the guests nt Il.
Walker Peterson. chairman of the nm
An"c committee. ut q luncheon and thcH
adjourned tn the bHnk where they got
right down To business. Those present
were: r. Walker Peterson. l. VI. Scott.
Nelson c. Hubbard johnson c. Mckin-
Icy and &. NJ. kctchum uf Wheeling: f.
y. Mccoy md L.. a. Durham Of Sisters
vile; George l.. Work Of rarkcrShurG
j. T.. Shaw and ". L. Fullnnshcc Of
Pittsburgh: j.. NJ. GOurhrr Of Toronto;
". f. Wells Of Newell.
When the meeting WAS called To order
by the chairman the first proposition
considered was tho Incorporation and
Nelson c. Hubbard was engaged I" draw
up tho charter nr TN" proposed conn
draft tentative bylaws. The members
OF the committee agreed 10 bear all The
initial expense of Incorporation.
VIII Be No Delay
Tho scope. purpose and object "f the
company was discussed at some length
and the sense Of the meeting was that
time Is the eSScnlrn of the whole prnpo-
Sition and that any action should he
toward tho NEST rXpenditiouS plans I"
get the boats In operation on the river
at the rarlicst possible date. That Tie
greatest need at the present time Is tAH
movement, VI heavy tonnage and that
therefore the company should not con-
Tho Itself TO the operation Of packets,
but should have for its initial purpoS'.
tho operation of burgcs. TO handle the
freight.
1t was agreed. however. that packet
freight should he handled IL II Is avail
able In sufficient quantities I" warrant
IT, Reports submitted basel on recent
Investigations indicated that there ~
considerable more package or broken
lot freight waiting TO be transported on
the river than can be haEdlcd by the
present equipment In operation.
The question If equipment on other
waterways that might he nvnilahl" was
discussed and d committee was appoint
ed whose special duty II Will b" :" as
certain the number. cost aud present
location OF boats and burgess already
constructed that might hc secured for
the service.
The Manage1Len emit
! The committee was Unanimous mat
the PERSONAL of the management sh"nId
h. IN. very best that ctn be secured.
Only men IF the widest experience HItt!
of the best business ability. wh" arc
available should be enlisted in thr COM
pnny's ranks and MS It Will tax" t!nh
10 secure such men 4 committee" WAS
uDpointcd II look after Tile matter ana
report back in one week II r"SSlh".
When the question nj tlnaucinG tn"
company came up IL wnS concluded thN'
the stock should hc apporttHn"d upon I.
general basis uf population. c"h'h"F''"i
Importance aud the gross Nihuni ION
mage hauled 10 and from each "i IN" IN
tcrcsted cities. The committee th'''
went into the figures dIvidinE Inc FN'E
into sections or zones.
Z PITTSBURGH and the nHNnEatah'c lrinu-
,,ries leading to It WAS taken us one
zone. The others were divided as io'-
lows:
second zone-Beavrr and Rochcste7.
Third zone--Midlnnd.
Fonrth zone--F.uSt Liverpool, Chester
and Newell.
Fifth ACKNOWLEDGEMENTS.
c,,th zouc-Turontm. Empire ana NJ"
Cumberland. ,,.,,..
Seventh zone-SteVbCnviil1. f"''hHS-
lee Wcirtnn and M!tE".
Eighth 2ouc--WcllshurS anu bfh-
liant. Dali
Ninth zonc--NIartins Ferry and He'll
airc. ,.,,,d
Tcn,h znna-Whrcline anil R"nw"""'
Eleventh zunn-- AinWnhsvill"
twelfth zuuc-N"" Mar''"SN ''''
Iudcn city and Siat"rsNili".
.rbirtcrnlh 2onr---.Sl. MaTyS.
I3ourtr.uth "onc--MIr!ctta.
EYrteruth 2nn"-. rnrk"r*hurE
Allotment OF stock
Tentative allutIn"n." 81 th' -"
..crc fixed for each "f the ulS't''>'
- which ar. subject I" r"NI*'"n IL ~,
rurtb.r investigation. All we're INV"
IN n, r,r.rnlaEr huSi=. not taking IN WV
.,r,I1rr tuvuS along III" TiN"r' ''.' ia
l,c,, ne a lrrwny n las" som" "' ''''
districts fail I" luy their Iu'i H'i".-
,rcu, This matter. h"w"E'r. WAS "!
with NrSsrs Petersen. Auh"'iu an"
,..,,,,, 10 decide az tn" occasion
lHght arise ,a waning the
.nmpany, making Wheeling us hr""-
,uurtnrs. lrstructinE counsel !" "''"'' Il
yTrst Virginia charter ard hN,hh NV,
,...uItaI stock at $500."nh with Shi'r"S o'
tho mar value Of slhn.
C-burIos NJ. kctchum was appointed
.,,,,,It.nc az one to draft Il prospectus