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PDF (20 MB) - Virtual Library of the Public Library of Cincinnati

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CHAPTER XXXII<br />

RAILROADS IN ERIE COUNTY<br />

The report <strong>of</strong> <strong>the</strong> Board <strong>of</strong> <strong>Public</strong> Words <strong>of</strong> Ohio, <strong>of</strong> January 16,<br />

1838, shows <strong>the</strong> following named railroad companies <strong>the</strong>n chartered and<br />

receiving subscriptions by <strong>the</strong> state to <strong>the</strong>ir capital stock: The Ohio<br />

Railroad Co., <strong>the</strong> Monroeville & Sandusky City Railroad Co., <strong>the</strong> Painesville<br />

& Fairport Railroad Co.<br />

The board in its report <strong>of</strong> February 9, 1838, slates that <strong>the</strong> estimated<br />

cost <strong>of</strong> <strong>the</strong> Monroeville & Sandusky City Railroad Avas $56,000, <strong>of</strong> which<br />

<strong>the</strong> amount <strong>the</strong> company was entitled to from <strong>the</strong> state if <strong>the</strong> Avork was<br />

completed Avas $18,666, and <strong>the</strong> amount <strong>of</strong> credit already loaned was<br />

<strong>the</strong>n $14,667.<br />

In addition, <strong>the</strong> report SIIOAVS that applications had been made to<br />

<strong>the</strong> board from <strong>the</strong> following railroad company, <strong>of</strong> Avhich <strong>the</strong> plans<br />

and estimated cost <strong>of</strong> each work had been approved by <strong>the</strong> board as<br />

follows:<br />

The Ohio Railroad, estimated cost $1,975,413<br />

Mad River & Lake Erie Railroad, estimated cost.. 1,<strong>20</strong>0,000<br />

Little Miami, estimated cost 596,060<br />

For <strong>the</strong>se <strong>the</strong> anticipated loan <strong>of</strong> credit if <strong>the</strong>y should be completed<br />

Avere:<br />

Ohio Railroad $658,371<br />

Mad River & Lake Erie Railroad 400,000<br />

Little Miami Railroad 198,686<br />

To <strong>the</strong> Mad River & Lake Erie $100,000 had been paid by special law.<br />

On <strong>the</strong> 5th <strong>of</strong> March, 1842, <strong>the</strong> commissioners <strong>of</strong> <strong>the</strong> canal fund, in<br />

a special report to <strong>the</strong> Legislature, stated that <strong>the</strong> folloAving amounts<br />

had been advanced by <strong>the</strong> state to railroad companies:<br />

Lake Erie & Mad River , $270,000<br />

Monroeville & Sandusky City 33,333<br />

, «Painesville & Fairport 6,182<br />

Ohio Railroad 249,000<br />

Little Miami 115.000<br />

Vermillion & Ashland 44,000<br />

These six Avere <strong>the</strong> first railway enterprises in Ohio receiving aid<br />

from <strong>the</strong> state, and four <strong>of</strong> <strong>the</strong>m crossed portions <strong>of</strong> <strong>the</strong> Firelands. The<br />

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