Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1844-07-18
$l,22S SIS

Inc debts OF the company have been bonded to
me amount OF Sl7.l64 81, the interest unon
wh'ch mas been regularly paid on the presenta-
Won o, 'he coupons, The consequence has been
mat the company bonds have assumed a more
! IoSPec,aoie station IN market, and the Board is
strongly OF the opinion that without some unfore
seen accident the company will be- able to nav of
all The bonds of the company as they fall dse
PfoViuing The concerns of the companv are =, \,
mayed as they should be.
mere are some settlements and controversies
a1ohg me line yet TIC be adjusted, and should have
particular attention, as it is decidedly TO the inter.
est oil the company that they be ARRANGED as soon
as practicable.
The actual debt of the company az
reported by the Treasurer appears
.r, 10 oe s55,4sl III
the bridge after It's final comnle
ton, payable in monthly install
.r,, menls o, Saoo--say 1000 90
Inc Board estimates for law expen-
ses, interest upon unpaid estimates
Tor construction and repairs, tho
sum Of 3ooo m
For land damages, of which no re-
turn We're ever made TO the Trea-
surer's Office, and charged as SO
much debt due from the company. 1000 on
For unsettled accounts for work done
anterior TO the LIST June, 1913. for
REPAIRS &C. 1000 90
Total amount of the company's debt. G5.dsi ~
1t is proper here 10 remark that the tbree lac,
items OF debt above estimated are conjec,ural.
ana are I'm the opinion uf the President sufficient
II not more than sufficient, TO cover the whole 8,
mount oil the Indebtedness of the company over
a'u ABOVE me amount reported by the Treasurer,
save that Of the bridge.
There is accruing interest (sav) upon
from So to 10000 90 of the above
debt, which will annually amount
To which add the expenses of tho w
year, 67-e %
III "''"e 1898 33
Take SlO,37S SO, the amount of EXPENSES and
interest for the year, from Sl6.S43 OO. tho a. |
mount oil receipts for the year, leaves to be maid
upon Inc debts OF the company towards its per,na
nent reduction S6,464 e.
1t is fairly estimated that the re-
celpts of tells the ensuing wear
will not be less than SIG ooo
Interest on the compapy's ''0
debt say e2coo
Hhole amount of expen-
mated tn n@bw nt "Aar ns,i- ~
Leaves, sc ooo
An amount that can be safely calculated upon !
TO go towards the permanent reduction of the !
debts OF The company. And the Board is decjd-
guy o' 'he opinion, that by good management
the company will be enabled at a moderate calcu
laiion, to pay oil its entire debt in 10 years. and
other than the State debt in less time
That 1t is fair and reasonable that The Bo,,d
should arrive at conclusion of this Sort is evil.
denced from the fact. that the amount of tolls re-
ceived in 1910 were So oea ne |
in lS4l 7o9e ~ .
III i0fS 1888 rs .
i" 1910 1920 SO |
in 1914 f." IA 40 90
Shelving evidently regular increase of tolls |
from year to year. The Board is more fully
borne out In coming to the conclusions tina, the !
tois VIII be increased the ensuing year. from the
addiuonal fact, that we have now a daily line of
mall coaches running over the whole line of road
instead OF a tri-weekly line, and that it is more
than probable that we shall have i'm a short time !
an accommodation daytime line Of coaches. be- |
sides the erection of an additional toll-rate inn !
medlaiely upon The final completion of the bridge
across the Shenandoah. 1t is also fact, that
larger crops Of wheat have been sown SINCE the |
construction of the Valley Turnpike road, than
were ever sown before in the Valley and more |
particularly last fall, all of which must and will
have The effect of increasing the tolls on said
road. "
The Board cannot close this Report without
staiing the Fact, that while they have not been
enabled to effect all that would have been mos,
deslrabie TO them, in placing the prospects of the
company in still more favorable light, vet thew
do say, that no company in the State has with
more hdellty and promptness payed all lis inter
est as 1t Tell due, also all other contracts enter
ed INTO during the year, without solitary excep.
lion TO the contrary they believe. All of which
is most respectfully submitted to the stockholders
in general meeting
JNO. w. RICE, Pres't. V. II. Co.
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"a ROWL.A.ND FOR M OLTVERn