Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1849-07-23

o. The Wytheville Republican has replied to
the structures of the Patriot and Virginan in two
very long articles, which we have read attentive
ly and SO far as we can see their drift, do not
think they require an extended notice at our
hands.
We are challenged to print the 10th section of
the amended charter. We have, in our paper
of the 3Oth April. published the whole act-but
have no objection to insert the section called for
.'l0 Be Il further enacted, That in any meeting of
the Stockholders Of The Virginia and Tennessee railroad
Company, the proxy or proxies appointed by the Board
of public works represent the subscription If the
monweath The capital stock Of the said Virginia and
Tennessee railroad company, shall be authorized and
powered to give on behalf of the commonwealth mum
Der of equal to three iihs of the whole number Of
allowed by law stockholders other than the
who shall rsonally represented by proxy in such
meeting of The stockholders"
We give also the lst section as sufficient an
swer to the rigmaroe about the Company never
having enjoyed an hour OF pure life
81 Be it enacted by the General assembly Of Tirgi
MIA, That the name and style of the railroad company
incorporated by act entitled ian to incorporate the
Lynchburg and Tennessee Rail Road Company. passed
the twenty fourth day of March, eighteen hundred and
rtyeight. be changed, that the and style of the
company shall hencefoh be "the Virginia and Tennes
see Rail Road Company )" Provided, That all subscrip-
lions made to the stock of the company and all proceed
ngS, acngs and dongs whatever, in pursuance of any
of the provisions of the reeted ac Tror TO the passage
Of this act shall be in way impaired affected by
said change Of name and style, And Provided, That all
the provisions Of the said above reced act not repealed
by inconsistent with the provision Of this act, shall
be and continue in full force and ppcabe to said
pany with the change of name and style hereby made
Suppose the efforts of the Republican to be
successful, and that the Southwest fail to raise
the sum necessary 10 secure the State subscrip-
ton, would such failure affect in the slightest
degree, the corporate existence of the Virginia
and Tennessee Rail Road Company ? Would it
not be as fully competent to 60 on and expend
the half million subscribed by Lynchburg, and as
much more as may be raised, as if the State had
come in as a partner The existence of the
Company, as corporate body, is in no wise de-
pendent upon the subscription of $3.50, 900 of
stock. This amount may never be rased-or,
when raised, the State may have become bankrupt
and yet the. right of the Company to all the
privileges secured by the charter be in no posi-
bic manner impaired. Should it be deemed ad-
visable, the Board of Directors may 60 on in the
construction, and expend the amount at present
subscribed, and extend the road slowly out of
the profits. These are positions which the Re-
publican cannot ashland, if they be impregna-
bic, what becomes of all IFS argument based it
would SEEM upon the idea that the presence of
Directors, appointed by the State was necessary to
render valid the acts of the Board.
We are glad to find that the Editor of the Re
publican is viewed in his proper light by the peo-
pie of Wythe friendly to our great enterprise,
and was not chosen as Delegate 10 the railroad
Convention at Chrisiansburg