Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1849-12-03
THE LYNCHBURG VIRGINIAN.
LyNCilHuRG. DECEMREn 3. 1919.
VIRGINIA & TENNESSE RAIL ROAD
COMPANY


! The 81 annual meeting OF the Stockholders of
the Virginia and Tennessee Rail Road Company
was held on Wednesday and Thursday last
/ Judge Wilson in the Chair. The Report of the
President was listened to with great ntere st. 1t
is an able and satisfactory exposition Of the affairs
and prospects of the Company and is calculated
/ 10 heiIhien the confidence which Is felt IN the
speedy completion of one of the grealeft works
Of the present dav. 1t announced the gratifying
fact that more han the amount of Stock (seven
hundred and fifty thousand dollars,) necessary
to secure the payment Of the State subscrip-
ton bad been taken by individuals, though the
returns of the commissioners had not vet
been received. The Report made a very inn
portant recommendation, founded upon data
drawn from the best sources. 1t was, that the
Company should erect a Rolling Mil and man
uiacture the iron necessary for the Road. A sug-
geson so novel startled the thnid, and perpexed
the cautious, but was received with favor by ma
ny. The subj ect was referred to Committee
which made a report, which was unanimously
adopted, TO the effect that the President and Di-
reeors should proceed to make enquiries as to
the terms upon which iron, OF the manufacture OF
Virginia, can be furnished, and at what price En-.
gllsh iron can be delivered here that, having
done SO, and the conclusions to which they have
now arrived not being shaken, in anY.legree they
shall call meeting of the Stocteroftfcrs for the
decision OF the question In this meeting, the
State would be represented and entitled to vote.
We are, from all that we can learn, favorably i'm
pressed with The seheme-but as there was d.
versty Of opinion, and as unaomty is exceed
ingly desirable we are glad this disposition was
made Of The quesIion-paricularly as little injury
can result from the delay Of three or four months
Col Garnet, Chief Engineer, read an able Re-
port of the operations Of his corps since its organ
izaon
The salary of the President was raised to $500,
and the compensation Of the Directors slightly in
creased. The greatest harmony prevailed in the
meeting. We congratulate the President and Di-
rectors of the Company upon the success which
has thus far attended untiring and well directed
efforts. Few have an idea of the manifold diff
culties which have bcset them. Without an ex-
eption,inexperienced in business of this kind un-
tirlng zealgood sense frmncSS and fnrbearance -
increasingly exercised have brought them through
riumphantlv, and entitled them 10 the gratitude
OF the friends of this great improvement.
We congratulate our fellow -citizenS upon what
has already been achicved-we congratulate them
still more upon the bright prospect which lies
ahead When we look back upon the incidents
Of the last two three years, and trace the pro-
greSs OF public sentiment in regard to this i'm
provement when reflect upon the liseSs in
difference, or stubborn incredulity with which
the speeches of few of The friends of the scheme
IN the street, or in the UnverSaiSt Church. were
received when we remember the contcmptu-
Gus terms IN which statistical SlatementS-now adj
United to be far short of the truth-wcre derded
as the offspring of cracked Drained enthusiasm :
when we call to mind the "ATass Meetings" at
kyle'S corner-consisting Of some fifty or sixty
persons-and the mutItudeS who would pass
by on the other side" without even pauynr to
he a word from the speaker; and above all
/ " intri 10,
which lay in the way. the sectional jealousy, and
the Legislative pre- judces, we had to encounter:
the magnitude OF the sum necessary TO be rails
ed by our own town the mSgiving. amounting
/ sometimes almost to dependency, which would
occasionally seize the earliest and most determin
ed Trends OF the improvement with all these re-
minlScenceS, we can scarcely realize the aStoun-
| ding fact. that, AT the present moment the Com
pany is fully organized the money required of
individuals raised and State Cooperation secured
and sy'y-one miles OF the road actually under
contract.
LynChhurg will derive great advantages from
! the completion of the road. She is entitled to
them. The State will be indebted emphatically
TO her liberality and enlightened enterprise, for
its greatest and most productive improve cement
What town, in the United States, of less than
eight thousand inhabitants has ever assumed
debt of a half million of dollars for any work OF
! thc h'uu INOt OIlt we COnHuenllN assert. he
popular vote was large and decisive in favor of
the measure. The additional taxation was i'm
posed and has been cheertully paid, and does any
man consider himself the poorer' Who would,
at this day. vote for repeal of the subscription
Our tellow-citizens have done their duty like
men. They will, in due time reap rich ward,
Already in anticipation, our streets present in
creased hustle and activity. 1t will be proad
era in our town, when some day, in the autumn
of 1851 the Iron Horse is seen entering our de-
pct, with long train of cars at his heels, filled
with the products of counties beyond the Ridge
1t will be a still prouder era, when some three
or four years later freight and passengers, leav-
ing the Tennessee line at sunrise, shall arrive here
before sunset Then will be the time for a grand
demonstration-then, fairly out of the woods it
shall be lawful for to halloo But. in the
meantime, eve respectfully suggest that the
first breaking of earta upon the road should not
be permitted without some formal observance. It
Is usual, in a work of this kind to signalize its
commencement by celebration of some sort
we understand that one contractor, at least in
tends to commence operations near town before
Christmas. The weather promises to be fine and
why should we not have a gala day
JAMES RIVER s KANAWHA COMPANY.
The annual meeting of the Stockholders of the
James River and kanaWha COMPANY was beld :,