Daily Richmond times. [volume] (Richmond, Va.) 1849-1850, 1850-05-25
THE TINES TERMS.
DAILY TIMES, per annum, if paid in advance
within 80 days from the beginning OF subscrib
RICHMOND AND DANvILLE RAILROAD.


The friends of this improvement will be graft
fled to learn that at the special meeting of the
stockholders at Charlotte Court House, on the 9th
instant the proceedings, which were of an impor-
tant nature, were very harmonious, and the exh-
bits made by the officers of the company, in re-
gard to the condition and prospects of the work,
were highly satisfactory. The principal business
of the meeting was the consideration of the ques-
ton of accepting the act passed by the Legisla-
ture last winter, authorizing the States guaranty
of the bonds of the company to the amount of
5000 900 to enable it to lay down the heavy rail.
resolution to accept the provisions of the act
occasoned good deal of discussion, and was fl
nally adopted unanimously. The only difficulty
at reaching this result at once was found in the
circumstance that by the inadverence of those
who had charge of the bill before the Legislature,
proviso requiring the company to lay down a
rail of not less than fty-one pounds to the linear
ward. was inserted in such form as to make that
requirement for the whole length of the road in
stead of the portion contemplated by the friends
of the measure This difficulty was met by re-
solution, moved by Col. Townes nstructing the
Directors to withhold the execution of the mort
gage required by the act, and empowering them,
with the present means of the company, to lay
down the heavy rail from the coal pits to Apo
mattox river. Another resolution, moved by Mr.
Crump one of the proxies of this city, was adopt
ed, drectnga memorial to the Legislature, asking
that the company be relieved from the obligation
to lay down the heavy rail-
We understand that from the report of the Pre-
sdent and other exhibits made to the stockhold-
ers, facts were ascertained, justifying the conf
dent expectation, that the grading and masonry of
the road will be completed as far as Burkes in
Prince Edward, in the course of the present year;
that the rails will be laid, and locomotives and
cars will be running, between Richmond and the
Coal Pits, some time in July Or August that the
bridge over James River will be completed by
that time, and that the rails will be laid as far as
the Appomattox in October, and in a short pc iod
thereafter, to Amelia Court House. The locomo-
tives and coal cars are now nearly or quite ready,
and parties have repaired to the North for the pur-
pose of procuring the requisite number of pas
senger cars as we'll as the additional heavy rail
for the portion of the road between the Coal Pits
and the Appomattox. The light rail and timber,
already procured, will be sufficient, (without an
excess) together with the heavy rail provided for
by the guaranteed bonds, for the whole line tc
Danville. 1t is estimated that the difference be-
tween the cost of the heavy and light superstruc-
ture for so much of the road as it is proposed te
furnish with the former, will be $4,000, some
what less than the amount of the States guaran-
ty The Company is therefore assured of hav-
ing road of the first character for at least that
portion of its line which lies East of the point
where it is expected that junction with the Vir-
GINA and Tennessee Railroad will be secured.
The stoc khoders assembled in Charlotte were
naturally we'll pleased with these evidences of the
steady progress of the work, and parted with re
newed confidence that the time is not distant
when the Roanoke region will be in full enjoy
ment of its benefits.