Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-02-17
Richmond and DdnpiHe Railroad Company.

The Company resumed its meeting Saturday morn
ing.
DR.. Atkinson offered a resolution, which, after being
amended adopted the effect, that the ANNUAL
meeting of the Company be held in Danvle on the 4lh
"Wednesday in October next
Mr. Brooke offered the following resolution:
Eesoiped That the Board Of Directors of this Com
pany be and they hereby Instructed TO lay down no
iaI upon any part OF the road between the Coal Pits
the county Of Chesterfield the point of intersection of
this road with the South Side Railroad, of less weight
than 81 lbs. to the running yard.
The resolution temporarily laid on the table in
order to allow the Chief Engineer opportuny,o pre-
pairing statement showing the present condition OF the
work and the resources of the Company go that the
merits of the question could be understood.
Mr.. Crump, Chairman of the Committee of lnvesti
CATION in response the resolution adopted the pey
Gus day, presented the following report:
In response to the resolution of The Stockholders
hereto annexed, the committee transfer to them the
evidence which has been taken in writing before them
up 10 the period at which their examination was ter
minated. They have said in former report that this
evidence imperfect and INCOMPLETE and that tley
have not formed and cannot undefsandnglv give any
opinion upon this tragmentary testimony. The eyI-
denee had never been revised by the comnee-they
had not examined it with view OF forming any OBJ
mon thereupon reseryng that revision aud examina-
ton until the whole testimony had been taken. They
cannot say therefor upon this portion OF the evidence
whether any further investigation be necessary or NOT,
but the committee decidedly OF OF in on that the
which led 10 their appointment etil ex js
IN all their force. W. W. CRUMP, Chairman.
Mr. Crump handed in the memoranda of testimony
referred TO in the report aud offered his resignation as
member of that committee
On motion of Mr.. w ltcher, the question of accept
ing the resignation, was laid the table, [Mr C,ump
stated that he was compelled to be absent on proies
sona businessl
MIR. Stovall submitted minority report from the
Committee OF Investigation, as follows
In conformity to resolution of the Stockholders of
the Richmond and Danv,lle Railroad Company re-
guessing any information which may be deemed ne
eessary or interesting from the Investigation Commits
tee or which may render proper that the investigation
should be pursued further
The underS gned bess leave TO submit the following
report:
The committee commenced their investigation nv
examining the contracts for grading and masonry en-
tered into by the Company with Messrs Hunter Ear-
Vey q Co., aud Messrs. Townes 4 Co., both of which
contracts appear to have been made on favourable
terms Tor the interests OF the Company. The under
signed deems unnecessary to inquire into the policy
ohaving made contrac at toe Western terminus Of
the road that subject has been passed up-
on by the Stockholders The work as tar as comple-
ed seems TO have been generally within the estimates
ofthe Engineer. There seems to be one or two small
exceptions, owing TO change in the location 1t also
appears that the additional cost Of the road from the
Western terminus OF the Tunnel 10 the Coal wharves
was about $4,000. This additional cost was rendered
unavoidable by the obstnaey OF the Richmond and
Petersburg Railroad Company in refusing to Hermit
the road to under their bridge and the requirements
OF the town OF Manchester TO the particular loca
tion OF the CompaHys bridge James river which
bridge has been constructed on reasonable terms and in
good style.
1t does appear tina there was any unnecessary
expenditure at the station North OF James River II il
proper, however to staie that a stone WILL which ost
$4,000 might have been avoided, had The land owners
above the bridge acceded to the proposition Ii appears
that the company has constructed lateral road with
drum Tor the accommodation of the Failing Greek Coal
rits, winch cost Il say in round numbe!s) $4,000
lhis work was done principally by day lahore en-
ployed by the company 1t also appears that The COM
pany have proceeded with the grading and masonry
swell as could have been expected, considering the
failure OF one OF the contractors and the prevalence Of
cholera, and othes diseases the line during the FIRST
year OF their operations In the year 1913 the compa-
nypnrchased 5000 tons OF plate iron rail- and 1902 tons
OF heavy rail- winch cost in the aggregate 1912 500 at
prices considered at the me reasonable The COM
pany have recently purchased $50 GOO worth of heavy
rail at S39 80 cents per ton, which is considered and
IN TACT IS less than any has purchased in Virginia
IT appears that the company have nearly (f not uIly)
sufficient quantity OF Eo hand to complete their
road.
1t also appears that they have purchased So $50
worth OF TIMBER at p1ces which thought reasonable:
the most OF this timber has been delivered and pajd for
and ls well piled and in good state of preservation
II IS estimated that there will be sufficient quantity OF
this timber 10 complete the work 10 Staun,on River
portion OF this timber, which was intended Tor string
pieces is now hand in Manchester and was intended
Tor that portion OF the road Immediately beyond the
Goal Plts but IN consequence of the provision OF the
law (which was recently passed. requiring the heavy
rail to be laid on that portion Of the road will Of course
nave to be transported beyond that point It also APP
pears, That the Company have purchased Engines Cars
and other fixtures, OF the value OF about $4,000 The
qualify, style and convenience OF which are not srpass-
ca ny any 10 Inc Stale, all OF which purchased
Terms considered reasonable The various surveys and
locations OF The road appear to have been completed by
the Engineer Corps apparently extravapant in
Inc aggregate Itappeari, however from the estimates
Oh ie Nhei Engineer, that the annual expenses in tl-
lure VIII not be more than half much as heretofore
ihe DOCKS and accounts oil the Company have been
KEPT IN manner highly credtable the officer having
charge OF that department. 1T will be proper 10 saw
mat upon review OF the management OF the affairs of
"io CohpSy as lar as the committee have been able to
ascertain has been good could have been antic-
pated under oil The circumstances. Ii s poper how
ever, TO stale that the engagements of tho COMPANY
nave al all lines been met with solitary execution
au 10 'ha case II could not have been ioreseen and
provided lor IN lew days without detrnent 10 any
ohe) III CONCLUSION, may lie proper state that this
report not as much IN detail the investigation would
nave admitted. 1t has bern deemed sufficient how
ever 10 report the general results Therefore it ia
deemed Unnecessary under all the circumstances 10
prosecute The investigation any further.
Mr.. Clifford moved to lay the reports on the table.
Mr. Reeve inquired if no member of the committee
could in MIR. Crump's ABSENCE state the objections of
the majority to the minority report
Mr.. sloga proposed to read the notes of evidence
nc hau taken datne The investigation. Mr. McCance a
member oil the Committee oh ected
he motion 10 lay both reports on the table Was car
ried.
Dr' Aikason moved resolution, which was adopted
ior tHe appointment OF standing committee of three to
audi The books and accounts. Messrs. g. Richard.
SON. 3 Reeve and j. c. Crane were appojnted the
Committee.
Mr. bfooke's resolution concerning the he ayy rail
was Then taken mp, aud Mr.. y. spoke in favour OF
laying down the heavy -ai as laf as the Junction.
MI iunsiai argued thu, though the heavy rail was
ihnch p'ehfsbie, Tie Company not in a condition
10 adopt it,
AIR Wood Bouldm argued that the Compapv was
bound in good faith 10 the State to lay down HE heavy
rail- muc Of its road would not be covered by
the light bar which had been purchased al the i'm. tIe