Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1830-06-08
DOME STI9.
COMMON HALL.


Aldermen and Commonalty of the Town OF Petersburg
at the Courthouse OF the said Town, Tuesday, the l.
day OF June, 1880: Present.
Patrick Durkin, Mayor; Joseph Bragg Recorder
Daniel Lyon, Charles f. Osborne and Thomas H. 30 ,
ell, aldermen; Samuel Wnfree and Thomas Jordan
Hdermen elect; John +. May, John Patterson John
Iobson, Robert wilkins, VIM. II. Mcfarland John ID
Iownes, VIM. Weeks and Henry Whyte, C0niiuo,
Councinen.
Judge May of the Committee appointed at the l,s
meeting of the Hail. to examine The subject of the con
tempiated Rail Road TO Roanoke, made report accord
ngly; and the report read and rec ved aud the re-
solutions thereto attached adopted.
REPORT ON THE RAILROAD
The Committee TO whom was referred the Report on th,
contemplated Rail- Road from Petersburg to the Roam
REspEcrFULLY REponr:
That they have had the subject under cons leration;
anu iorbearng to offer any remarks upon its mpor
It's hiiuence upon our future prosperity, the de ep in
terests which pervades our whole community in rela
ion to it, they proceed to recommend such measure.
as are deemed most expedient FOR the adoption of the
Common Council.
Ii is not TO be expected that this Town. unaIed nv
subscriptions from individuals or the Common ealth
VIII undertake or can effect this important work. A
liberal aid from both of these sources is indis-
pensaby necessary to inspire that degr of confidence
in the success ofthe enterprise without which will be
absolutely impossible to command the amount of funds
which will he requisite.
The first step therefore will he to open books of sub
scripon, in order to ascertain what amount individual
patriotism and public spirit will contribute And as an
encouragement 10 these efforts, assurance should
be gwen on the part OF the corporation Of Petersburg
oil Its deposition TO contribute largely and literally TO
the Undertaking. I'm immediate subscription by il
would not be eNpedient-We should first ascertain
what amount WIZ be necessary on our part; and then
our means OF obtaining it.-As must RELY chiefly
upon loans we should proceed with the crcumspecion
and franness which characterize COOL faith and can
alone inspire confidence. In this spirit il becomes us
TO acknow'e edge hat doubts exist among some of our
citizens to the construction OF the act of A.
sembly, which allows to borrow money for this pur
pose and in relation TO the power and Obligation of this
holy to levy tax sufficient Tor the payment of the
interest and the ultimate redemption of the principal
the debt, TO be created. While these doubts exist
any effort 10 borrow, mus, be abortive Blu, the Com
mon Hall can with proPriey announce at once its dis
position TO subscribe half of the capital stock if
adequate funds be ob,acl aud the Iawf ul voters
OF the town shall sanction it. This sanction being Oh.
tanned, the Legislature must be applied to, in order TO
remove the doubts before mentioned; and to make it
the duty of the town to provide, by taxation an ade
Guate fund for the payment of the TO be borrowed
The property and resources of the town. added to the
value OF the stock which is TO beaken will, it is be
ieved, be amply sufficient for this purposeBut as the
money or Iaage portion OF it will propaby be borrow
ed from persons residing cut Of the State il will be pro-
per TO make earnest appeal to the Assembly 10
guarantee 10 the lenders the punctua payment of the
interest When our msans of fulfilling such engage.
ment are properly made known 10 that body, and they
are respectfully reminded of the very large amount
which we have contributed 10 the public revenue from
whence such liberal aid has been furnished TO other i'm
provements may confidently appea al to their liberali
ty and justice to afford and assistance to
that extent.
The Committee recommend there fore the adoption of
the following Resolutions
l. That the Commissioners appointed by law for that
purpose, he requested to open hooks OF subscription for
the stock OF the Petersburg Rail Road Company,
early and convenient period.
z. That il the lawful voters OF Tn town consent and
the necessary means can he raised, the Common Coun
Gil will subscribe for at least shares of stock
in the said Company.
3. That the Mayer be requested to a meet
ing OF the said voters 10 consider the expedency of the
second Resolution.
4. That it be recommended TO the said meeting TO
present memorial TO the General Assembly request
ing the passage OF an act TO empower and require the
Common Council to raise by taxation in aid of our other
means, sum suii cent to pay the annual interest and
ultimately TO exiingush the principal Of whatever debts
the corporation may from time for its subscrp-
ton to the Petersburg Rail- Road Company; and ear
nestly praying that body to afford us the aid of ifs
pledge upon such conditions il may II ink necessary
that the interest OF the TO be borrowed, shall
be punctualy paid and to grant to us such other aid
as may deem expeden in the accomplishment Of this
important enterprise. Petersburg Int.