Daily Richmond times. [volume] (Richmond, Va.) 1849-1850, 1849-12-07
From the Lgnchbwg Trginidn.
VIRGINIA AND TENNESSEE RAILROAD
COMPANY

The I'd annual meeting of the Stockholders of the
Virginia and Tennessee Railroad Company was held on
Wednesday and Thursday last7Judge Wilson in the
Chair The report Of the President was listened to with
great interest 1t able and satisfactory exposition
OF the affairs and prospects OF the Company, and is
calculated to heighten the confidence which is felt in
the speedy completion of one OF the greatest works OF
the present day 1t announced the gratifying fact that
more than the amount OF Stock, (seven hundred and
fifty thousand doars necessary TO secure the payment
OF the State subscription had been taken by Individuals
though the returns OF the commissioners had not yet
been received The report made very important re-
commentator founded upon data drawn from the best
sources 1t was, that the Company should erect
Rolling Mill and manufacture the iron necessary for
the Road. suggestion SO novel startled the tmid and
pepexed the cautious, but received with favor by
many The subject was referred to a committee, which
made report, which unanimous adopted, to the
effect that the President and Directors should proceed
make enquiries as to the terms upon which iron, OF the
manufacture OF Virginia, can be furnished, and at what
price English iron can be delivered here-that having
done so, and the conclusions which they have now
arrived not being shaken in any degreee, they shall call
meeting of the Stockholders for the decision of the
question. In this meeting the State would be repre-
scented and entitled to vote We are from all that we
can learn, iavoraby impressed with the scheme-but,
there was diversity OF opinion and as unanimity is
ceedingy desirable, we glad this disposition
made OF the questlonparticulary as little injury
result from the delay of three or four months Col
Garrett Chief Engineer, read an able report the ope
| rations OF his corps since Its organization.
The salary OF the President raised to $500, and
the compensation of the Directors slightly increased
The greatest harmony prevailed in the meeting. We
congratulate the President and Directors Of the Com
pany upon the success which has thus tar attended
firing and well directed efforts. Few have idea Of
the manifold difficulties which have beset them. With
exception, inexperienced in business Of this kind
untrng zeal, good sense firmness and forbearance,
increasingly exercised have brought them through tr
umphantly, and entitled them to the gratitude Of the
friends OF this great improvement
We congratuate our fellow citizens upon what has
already been acheved-we congratulate them still more
upon the bright prospect which lies ahead.
1t will be proud in our town, when some day. In
the autumn of 1851, the iron horse is entering
depot with long train OF cars at his heels, filled with
the products OF counties beyond the Ridge. 1t will be
still prouder era when three or four years later
freight and passengers leaving the Tennessee line at
SUNRISE shall arrive here before sunset. Then will be
the time for grand demonstration fairly out ofthe
woods, it shall be lawful for to halloo. But in the
meantime we respectfully suggest that the first break
ing OF earth upon the road should not permitted with
out some formal observance. 1t is usual, in work Of
this kind to signalze its commencement by celebra
ton of some We understand that contractor
least, intends to operations town be-
fore Christmas. The weather promises to be fine and
why should we not have gala day?