Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-07-18

| tXpOSIITe COnH1grHtIOn, TIC
public money which they know is secure in the
fre-proof vaults OF number of Banks. With oil
the panic they excite-with all the money of the
Bank TO aid them-with all the distress that Bank
can productivity cannot alarm, or bribe, or drive
the people TO believe n the patriotism and puri-
~ Of purpose of such asprants. Before the next
spring elections, the people will have weighed them
u >ihe balance, and they will be found wanting.
INTERNAL IMPROVEMENT
The country is once recovering from the
distress which was principally got up by the Panic
makers. Virginia seems To- have suffered rs little
any other State in the Union. Her Banks firm.
They defy the storm which has been created
Her staples IRE bearing fine price. The best To-
baccoes have sold in this City, according to their
qualities, from 10 TO 20 dollars-and our Farmers
are getting ! Is and 100 cents for their wheat.
Let us, then, arouse ourselves-and again raise the
batte-cry, EDWARDS! The great cause of the James
aud Kanawha Improvement calls upon for ac-
non. The brightest prospects of success again
dawn upon 1.-THE following is an EXTRACT of
Letter from Joseph G. Cabell, Esq, dated OIL the
18th inst, from the University of Virginia:
IL happy in being able inform you that found
Mr. 7. Coles in fine spirits as came down. They are
going on bravely with the James and Ksnawha sbscrip-
ZION about Scoilsvie. Mr. Garrett, The other collector in
Albemsre, is just beginning here They think all safe
IN thls county Nelson is secure Our friends be-
ginning in Buckingham, and i'll be moving all along
the line"
While this generous spirit is thus moving along
the line, let us in Richmond be up and a-doing.-
w uO, ltl WUOIe tOfnfnOnWchlt, are more deep
iy interested Than are? There is scarcely
square inch in this City, the value of which will not
he doubled IN 10 or 20 years by this munificent
terprizc
Another subject, too, deservedly invites orr atien-
tion 1t will greatly rebound 10 the prosperity Of
the City. We mean the Richmond and Fredericks-
burg Railway. The Corporation of the City having
done their duty by the james River, are now making
appeal TO citizens about the Rail Road.
Polls are TO be forthwith opened, for taking the
sense of the People-and il is hoped that the mea-
sure will now be rumphautly carried--as we be-
lieve the other great work will soon be placed be-
yond the reach of accident:
RICHMOND, FREDERICK SBURG AND POTO-
MAC RAILWAY.
AT Meeting OF the President and Directors Of the
Richmond +, fredericksburg ani Potomac Rail. Road Com
pany the 2l, OF June 1884, the following resolution
adopted:
The books which opened for ewing subscription
to the Stock OF this Company Showing that ihree6hs Of
the whole stock have not been subscribed -Resolved
that committee OF two members Of the Board, be appoint
ed TO consider whether is peden open the books
adopt any other obtaining subscriptions to
the amount OF such three ths; and they directed
make their report at early day may be practicable
Ands committee was appointed, consisting OF Messrs c.
Robinson and X. b. Haxsll.
AT meeting oil the Board The llh Of July 1884, The
following Report submitted by The said Committee,
and agreed 10.
The Commit appointed under resolution of the
President and Directors of the Richmond, Fredr ricks-
burg and Potomac Railroad Company, adopted the
2lst OF June, 1884, directing them 10 consider the
pediency OF re-opening the Books or taking other
measures Tor obtaining subscriptions TO the amount Of
hreeiifhs OF the whole stock Of the company, have
bad under consideration the subject 10 them referee
and respectfully submit the following ieport:
The act Incorporating the company authorizes subscp-
lions 10 be received TO the amount Of hundred thou
sand dollars OF which three Ihs would be four hundred
and twenty thousand dollars. The subscriptions actual
Iy received during the days that the Books
kept open, amount 10 $305 200 being $ll4S00 less than
tire C. hths.
Satisfied the committee are of the future productive
ness OF the stock and OF the importance of The work
fhA rlfU hau ain ,bt
excellence OF the scheme would induce a prompt SUBJ
scrpon the part OF individuals, OF the balance requi
site to make up the threehs il the books should be
opened for that purpose The isc that within the shortest
period that under the charter OF the company books could
have been kept subscription made OF the whole
amount necessary 10 organize the company and the de-
sire expressed the part OF various individuals sub
SCRIBE since the hooks closed, furnish strong evil
dence of the ectness OF the opinion bch the COM
mittee have expressed And If The committee could
think that all the purposes which the company have in
view would be fully attained by subscription Of three
hths the part OF individuals, and two.hiihs by the
Sts,e they would feel hesitation in ndug that
the books should be Immediately re-opened.
IL appears however TO The Committee IN many points
OF view important that the Corporation of Richmond should
be subscriber TO the scheme. Ii is important both he
Corporation and TO the company The road after
ing the city, will it is presumed, terminate in the FIRST
stance the site selected by the company
their depot; but the interests Of the will undoubted.
y require extension into other portions OF the CITY, and
these interests the city will have fair claim con-
suited, il she is herself large stockbolder Another
consideration, OF at least equal weight is the oowiDg II
railroad its branches through streets them
The mole OF doing this in each must, OF course, be
subject OF arrangement between the Common Hall and the
Board and the citizens Of Richmond and The stockholders
Of the company have guaranty that the adjustment
Of question likely 10 arise between the city and the
board will be made in most the
interests Of the whole city and OF the company, ehec
tuA in it's character, that guaranty which will be afford
ed by the fact that the city herself by becoming stock
holder, will be Interested in the welfare OF the enterpze
and have d voice in its control.
Olber cities Philadelphia and Baltimore for instance
have contributed largely To the Rail Roads Terminating
within their limits. aud sister Petersburg
folk and Portsmouth, have been influenced by similar poll
cyIn these cases though The municipal authorities OF the
different corporations doubt acuated chiefly by
wish 10 osler schemes deemed TO be Of importance
their citizens may be presumed they also desired
ercise influence ia the deie:min alton Of que
OF equal interest TO the respective cities and towns and
TO the popretors OF the works TO which they contbuted
In most Of the above cited, impression was
probably entertained, the time OF the subscriptions
the respective POI aons, that the schemes which they
aided would be productive-n the pi esent instance the
work 10 which the aid OF the Corporation will be asked will
have the rare merit il is believed OF adding instead OF
diminishing tho OF the he
Improvement Oithe subscriptions already made and nhich
have been generally given with reference merely TO the
produciveness OF The Stock be any ies) il 10 he al
vanageous and productive. 1.-THE Corporation should
scribe she will probably only receive the completion,
Of the work, from her subscriptions annual dividend
sufficient 10 meet the interest loan she make
this account, but will find herself possession OF surplus
that will be adequate TO the extnguishnent Of any debt
she may incur, aud may afterwards be applied the di-
minuliOn OF her taxes.
Even during the progress Of the work ay increase Of
the burthens Of the city may be avoided No doubt
is entertained by The engineered the company, that the
rsr road be completed in use in little more thsn
to- unuN0 81. a a