Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1849-04-27
Eor the Enquirer.

For the Enquirer.
CALLED MEETING OF THE STOCKHOLDERS 3, i
THE LOUISA RAILROAD COMPANf.G., ,uE
GORDoN-aR. RlVES-ACCEPTANCEo or IN! d,iL
TUNNEL BlLL-SUIT 10 ARREST The eo'
PANY. ,o.o
LOUISA Couar HOUSE. April 24h ls49.
Messrs. Editors :-YrsIerday, the siocRh o'"ei.
OF this Company acted on some qursli"ns "
great interest 10 The public as well as 10 'neui.
selves. They sanctioned The contract mace "
the Board Tor the grading &C., 81 the koaa il,n
the Junction 10 Richmond in December i'4o,
and authorised lean Tor the sum required 'o'
lis completion 10 Ricbmuna. While these ieso-
iu,icns were nndef discussion, very increasing
speeches were delivered hy The Hon. William Y.
Rives and Gen. William F. GoTdnn-the 'at.i
illustrating, IN his peculiarly happy ana e'oqaeu'
manner, the necessity u an indepthdeh' iod''' ~
bear 10 The city Of Richmond The ficn pfo""c's
OF the We>i, without delay ar GifhcuIly, arising
from divided responsibility between TWO CON-
panies.
Mr.. Rives stalled that, al one time, he had oee'i
inclined 10 apprehend danger from me Iesun -
The sun now pendinslo se.e The LEGAL r'sh' " .,e
| Louisa Company 10 make this rodu-"s,'o'
| Welding somewhat 10 the inllueace OF some US
| tinsui>hed names, whose authority nal oeeh quo-
led against The right OF The Louisa COMPANY
whiisl he rad nu until very recently examined
/
Potomac Company, with the care necessary 70
form a distinct opinion. He declared, alter q
careful examination OF the guarantee clause, anu
| The preamble 10 il, in he charter CT that CoHpa-
ny, that he ell confident that The distinguished
gentlemen referred 10 had not been IN possession
OF a The acls To enable them 10 give corfecl
opinion. He himself considered The case 50 cirar,
that il du not admit Of doubt but that The Ia V
authorizing the extension nt The road T. N" dock,
| IN Richmond, was no invasion OF their chartered
privileges
The meeting passed tie resolutions for Dor
rowing the balance Of the none and APPROX
ing the existing contracts with enpe nnanimtty,
and also for acceding to the provisions OF the
Rockfsh Tunnel BIZ. with but one dissenting
voics !, and that no. actually in opposition, but
desiring 10 delay for srort time the consldera-
ton of The quest.s,, that some doubts as TO the
construction might be removed. The time IS
past when the devices of the Richmond and
Fredericksburg Company, for producing dis
traction and division in the councils OF the
Louisa Company, will have any effect They
may rely on il tina! there will always be found
industry and intelligence enough TO collect The
necessary light on the disputed points for the
guidance of the Stockholders and that they will
have lrmness to persevere in their purposes,
in spite of efforts 10 produce Panics ihey
have an abiding confidence in the wisdom and
purity of the courts, and nothing but their
command can stop the execution of their work
from the Junction TO Richmond. 1t cannot be
doubted that the Louisa Company would prefer
TO CO operate with the Richmond, F'rederIcks-
burg and Potomac Company in all proper mea-
sures for Inc advancement of their mutual IN
lerest and The public accommodation; but II the
Richmond, Fredericksburg and Potomac Com
panp shall think proper rather 10 continue mea
sures of intimidation, coercion and conquest
they may rest satisfied that such measures WI
! not succeed
: The President referred 10 the financial crnd
ton Of the COMPANY which eyinced e
:, markable degree If health and soundness: From
the receipts up 10 the first Of April, zine
mouths, il was eydeLt that the increase for The
uresen, year over The last would be from thirty
e FIVE to forty per cert. He demonstrated tha
the profits from Tie Eastern extension woulc
: pay the whole debt II very abort time; and the
i meeting ad journed, having transacted their
t business with great HARMONY.