Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-06-26

IN little more than twelve months from the present time,
anu before much more than fifty per cent of the stock
shaii have been paid in.
AT an early meeting of the hoard Dr ro,.,, AZ ch.s
para, one OF their body, was requested to make proper ar
Engagements with the owners OF such lands OH the route
as was required Tor the purposes of the company, and in
Those eases in which no agreement could be made will,
tue owners, To take proper measures 10 have the lands
gT"hoenined and damages assessed according TO law
az ooaiu are pleased at being enabled to state 10 the
s'ocNhoiders thatth benefits oftic Improvement To the
country through which il passes, appca: TO have been
generally appreciated by the landowners I'm mos,
eases releases OF damages have been freely givcn. and in
others, where 1t has been necessary TO amply 10 the
courts Tor the appointment of frechold,rs to assess
been fair and reasonable.
a different view Of the subject by the owners of lands
or ny commissioners, could scarcely have been anticipat.
w. turning, as Tins ruil- way does, "A link i'm the urea,
'e u communication between the North and South
ahu executed on a route so cheap and favorable. there
81 !. ieasoh . peNeVe, that IN u very short period
IL maximum dividend allowed by tho charter may b.
expected from the Northern and Southern travel Wben
that period shall arrive, it would be seen To be- tho clear
pohcy OF the company TO charge OH the transportation of
produce and merchandise tolls very little, fat all. higher
uhah may be necessary To pay the expenses of trlnspSrta.
uon, ana TO look, Tor the profits OF stockholders, 10 the
uivel chiefly, perhaps entirely.
The act Incorporating the company. Authorized .,h
scrptions To be received to the amount of S70n onn or
winch hree-hitlls would have been $i2O,OOO. The sub.
scriptions actually received during the ten DAYS tL,, IN.
books were originally kept open, amounted To- S305 onn.
oeihs SIllsoOo less than three-finhs. One of the tirsi
i"SSbous ociOf tic BOARD was, as To the expediencv Of
sc-opehingl inc books of subscriptions. Satisfied as the
board was OF the future productiveness of the stock tbcv
entertained no doubt that if the books were re.opensd
Tor the purpose, there would be a prompt subscri,,ion ON
the part OF individuals of the balance reou;si,c - -.
up the tliree-titths; but they resolved in The 6rst ;ns,nncc
.o oner TO the corporation of Richmond, the option of
subscribing Tor tins balance, or for any portion thereof
u common Council declined acting upon the sub;.c,
AFTER they so declined, the board allowed the hook H. hc
,e,oPened on the i9th OF November, 1884; and subscrip.
uons were received on that day To the amount of sd
OOO. On the same day u memorial TO the General A..
senbiy was adopted, asking n subscription by the com.
nonwealtl when thrce-ihlhs of the canit,I s,ucL
should have been subscribed bv iod;v;dn,T, Will.
tins subject was before the General Assembly tho board
mao reason to believe that the deficiency in the sub.
sc.ipuon oi thrce-htths by individuals though small
might yet be urged as an objection to the usual snh''
scription in such cases by the State, and on the first Of
1anuaiy, IodS'' the books were ~re-opened and additional
SUBSCRIPTIONS received to the amount of S15, 900: making
the whole sum subscribed by individuals St2i s00 o1
S4,SO0 more than three fiiths. Aflcr this an act a.
passed authorising the board of public work 10 srhso.;so
on behalf OF the commonwealth, and requiring .ha, board
o make the subscription, when il shall appear That AT leo.,
ohe-iourth oil the private subscriptions OF not less than
uree-hiths oil the capital stock have been actually maid
up, ana when certain other conditions are complied yrr;tb
All these conditions will be Immediately complied with
n inc Board OF Public Works, it is presumed, will there
upon make the subscription. When this subscriotion
snai nave been made, the whole capital stock will be
subscribed that is at present allowed by the charter ofthc
company.
In their applications, both to the Common Cou,.;l nc
Richmond and to The Legislature of Virginia. the opi.
mon OF the Board was expressed as to the future pro.
'e Seoch' e gradual rise in its price
iroin par to seven dollars and ten cents per share above
par, furnishes strong evidence, that in the JUDGMENT of
the community, that opinion is we'll founded The
noard now venture TO express their belief that within
u very short period after the completion of the work am.
pie evidence will exist of its value in adding 10 the trade
Oh me city and developing the resources of the State.
a branch railroad which has been projected from tho
neighborhood of Taylorsville to the southwest mountain
Tor winch 1t Is understood n charter will he asked AT The
next session OF the Legislature, must add larpcIv 10 ho,b
me tTaoc ana travel oil the road, and may be expectrJ Ia
the industry of the region through which II
VIII pass, by conveying It's products more cheaply and
quickly to market. A railway to connect tic R;cL,
inond ana Fredericksburg Rail Road with that between
and the Roanoke, viii, it is believed he con,I.
" an object OF Legislative attention. The execution ,af
TWO works must promote greatly the public inter.
's' anu convenience, and at the same time add LARGELY 10
the productlvcness of that committed to the UNDERSIGNED
WIN such motives to impel the rapid completion of
lneh enterprise, the Board have made all their arrange
lients to effect the work between Richmond and Frc5c.
Ilckshurg at the earliest practicable period. The location
having proceeded beyond the North Anna. n reeolu,ion
adopted on the 10th of May, 1885, authorship the
engineer TO put under contract from time to time, fur.
ther portions of the line. And il is now confidently bc.
iieven, that the whole line between Richmond and Ere.
dericksburg will be in readiness for the TRANSFORMATION of
passengers, merchandise and produce, in eighteen months
from the present time.
Inc following persons were unanimously re-eIccted
and Directors, to continue in Office mill iba
next annual meeting, to wit:
JOHN A. LANCASTER, President.
MILLS,
CONWAY ROBINSON.
JAMES BOSHER. D;re,s
lCHARD B. HAXALL. and
JOSEPH NJ. SHEPPARD.
. VIM. +. SHEPPARD, Seeretary,
tn, ,oo r., +. d p. II. r.. e.