Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1847-11-29

w. AMI Will n,, ihsr Interested IN the trade and pn,p
r,, oftle Corporation rietrally submit ilt sh'n time
II, his comparatively Slight BURDEN When, ny So 80 ~
,L,, can o,uc such iut smads agts T. lie I'M
,y,neni holds oul in prospect \ orr Committee CA
n. allow themselves 10 entertain di1bl as Il the an
swer. IL,
In raising the amounl pr posed VII he S'en iha'
ou, COMMITTEE have laohrd entirely 10 voluntary Sal
sc,,,on IN the art OF the cz This HEY We al
p,onish,d do from respectful tie op'ubS "i lh7s'
h object ON principle. direct lean bt the c1fpora
,on They considered tea that hkNe adoption o' ms
plan. the annual interest On " R,serlhrd would
the pckels al trrlgu 1ap W aSs"''"
thai every ctH'n. "hrlht 's''0
not will chrtrtHlly Sutscrf s'al,S ~
Stock on the prop scd guaras .o. 'RN
h,y. ,Iso assumed that CaIW le haNiaH
funds ieknglng ibitsate estatfs, r~11v'uc Trusts,
&c. Sc. will gladly avail themselves OF The oIPFen'
~ alare, Of making larger and more permanent ihNes'
nents-snce fhcy " ul have The double security o IH'
stock Itself, aud the gnaance ot thr rporalon. ~
sai; and better Investment could he nad IA the Slut;
f,r sub-crhcrs in over &oioo. would ave ' oP
tm as the eAcs> either IL rcau HE siocI should IT
bear premium. should t below IL par val
ne 10 cNcllne, II Corporation scrip hearing an Inlf
:, Of & per cent, and PAYABLE seui annually S"eh IN
nc,mru,s rarely hrId out To Capitalists, ana Nohr
Committee, as vii be scen. have recommended lHal "'s
dens only, "r tin 81 holding taxable property III lP r'f
porsiiun, shall ruly al least t'r t"'aly days alter @
"~nag tl Books Of ,ub>ciPou the advantages They
offer.
As regards subscriptions Ia s'ach in amounts varying
from St0 Ia 1UOO. lie inducements are not less 2fea.
and obviuvs Such subscribers. dsp. ecelfe annual u
per cent On the rad N until the company de
clare dividend equal Ia such interest," when me guar
anrce Of the Corporation IS discharged, aud the Shfh-
holder receives the dividends IL lieu 81 the interest guar
anep,l with al The additional advantages connected with
the almost Certain nIan 'eucnl ia the value stoeh -
advanar res winch in the opinion Your onnlli'e must
when the uorh conn lrtcd reach 10 al ltas : per c'
per nnnum on the aniuatt ii subscription.
As the corp Itself. considered S'iuctly and
apar, from the individual subscribers, III ugh Il may be
called upon. h, mnoliig, 10 nrl upon The int
,sls Of all. yet ii cannot /" Truly sud that the lNTEe-
FISTS OF ALL contemplated by such action W hen
,h, tcnIrs upon the STA al clucrrsed III TIE sale
~ # the shin neither they blue To The deck H. the
hold The taxes proposed To he laid 10 meet the gnaran
tied ST viii run III cqua proportions through peri
nd Of hrce years and iIenllS hIeycd that be-
fre it shall he nce,>ary have the whole amount til,
dividend IN the stock Will aifarl ncon>lderale re-
lief Should the " rk in that lime be ca s. : * tai
Yves, as Sulen,-whcre il viii connect VIII HE Mead
amizcd Turnpike nov IN pr5grs = through the Southwest
the navel and tonnage must be greatly Increased an ff
the present and IS nal unreasonable 10 conclude
that from This RESOURCE the Corporation will derive a
fund equal at least to one lhsd ut the whole Interest,
which il is proposed it should guaranly,-to say nothing
of the benefits viii eJ from the lncrtase u It's com
On the whole your Committee confidently believe thai
the measures they recommend may be acresuiIy carrie
gu, without serious Inconvenience 10 their fellow cltlzens
without detriment 10 any n'ercSs,-bnt with vas
benefits 10 all. They. therefore, recommend the adoP
tion Of the following resolutions:
First. Res dyed. that books Of subscription 10 the
Stock Of the Richmond and Ohio Rail x lad Company
should be opened by the commissioners Tor the Town
Lynchhurg and that the citizens OF the Corporation
and those holdng property therein. be invited 10 sub
scribe 10 tie same, in an ainoant not eNeerdng s3oo
600, and thai the Common Couueil ol the Cooperation
after having been duly authorized by an Ae "i The 'tof
raj Assembly ior that pnfp Sc shanId guaranty 10 eacl
subscriber the payment OF per cent per aahom III III
amount subscribed and actually PAD IN
Second Kos lived. lhll IN iurth'rance' Tue 40. q
proposed, the anh 'fes aforesaid should SIZE Inc ''
of the Computation IN sums tqia II me amount 81 Hoe
scr'oed pa" 'i' 10 e'cn SUBSCRIBE. S'a! ''ieuF
deposit the s'r "' me t1nP'n} WIN te feasnfeF :"
The Corp a''onWho shall be EN- ed 10 receive ana pas
to the credit {" the same Sufh diTaen as may c o
cared 'hcrem' n''h Tue amount eI'e s''l' Fedcn
cent per annnh' Whn 'he scrip o ''F ''P' s'at
DC snrrehnefe a"' 'nii " me o'ii'"e '''"'u - 'n
snoScr'ofS' fo''4P" '' ' 81 Vi W. - ~"
p'a'oh issued as a''es'u s'ai " 10 CAST eAeeeu aoo
10 any one n'o''i%' ~, ,...,z 80;
Third Res l'ed, That any person or persons, res
gents OIL h"o,hS m "'e ~ t,''""' ~ NJ"
"!rs; VINO s,.'i'' "''i" "eN Gay ''''' me oi ia-
ss'' popNs o' Su'se''i'u q pay ''o znoa
" m nu "'s SUI" " , ,,% f,,..,J i
sun '' w - 49, IT, s.; -, -, f,,.,.,,,