The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1852-09-23

il1e; q and after examining The said pstisjeus
me 1 sac Assessor reports that they are signed
best Judgment 298 arc such freeholders.
ne petitions thus appearing to be siened bv
one-io urth Of the ffeehoiders OF the CIV .nd
the Council. therefore, il Il see ft hav;n~
pe~ef to direct the poll that d asked. souSs
views have occurred to as which We deem 4
proper to present for the consideration Of the
Council. - -
4 is stated in the petitions that the cspisal
s.ock O tns Company 10 allowed to b II.
s,s.ssa snh lSSvo,oOO, Of which two-ffths may b
suoscFloed y others than the State; and Il i
uaseo tnat II Richmond shall subscribe the
~ rhopo.eo @ sum OF $50,00o, being one fourth of
sus u sWo niths, her example will be folIowed
syh hsocnaes on the line; and that as additional
S.osc!Puons are made by others than -
S.e,e, the board Of Public Works in 70 s,,h~
scnoe on oe1aif Of the Common wealth n -
p.opo,uon .u:H % tnrce hf,hs to two ffths. And
subscription Of $4,000 by the C,r ''.unsl ,";s, ~
materially instrumental in making nrodnc,;.e
ner previous subscription Of $2O0,OOO 10 ~
STOCK OF this Company. Giving To hi. .rs,,-
ment all the weightto which il is entitled. =.
think i the poll should be directed and ths
majority OF voters be for the subscription. Il
ought TO be understood that the Council viii
NOT ,eei @ bound TO subscribe at once one fourth
% ane SsoO,ooO, but may only subscribe a. ad-
| than the City and State, and then only snh.
| scribe one third Of whatever such additional
SUBSCRIPTIONS Will amount to; which will be in
The 5000, 1000. = e' 'o1''ls u
We think, too, if the Council should .uh.
| scribe the whole or any part of the $50 GOO. /,
| snouid' IN order to render as productive and
useful as may be, what has been paid or NAV
| De PAID by the City, impose some condition an
| 70 tbe part OF the line on which the money 10
| to be expended. The Company, il seems.
commenced simultaneously at the eastern and
western terminus. or the 90I miles from
nicnmond to Stanton river, it has now in
use oo4 miles from Richmond to Burksyille.
the point OF junction with the Southside Rail.
road, and expects TO open to morrow an addi.
tlonal section, reaching 10 the station AZ
Moore's Ordinary, II miles beyond the iuuc-
ton so that there will then be in use IS miles
and II has under contract the grading of the
next @o3 miles. vi the Ash miles between
| Stauaton river and Danville, the Company
has done nothing ON the 2S3 miles next IL
Staunton river; but it has put under contract
the 2O miles next to Danville on which il has
expended an amount exceeding hundred
thousand dollars, which is now unproduc tive
and must continue so until the western shall
be connected with the eastern section. The
Company has proceeded in this way. under
the 9th section of its charter, which provides,
that IT shall commence the construction OF
said road at its eastern terminus and proceed
| with the same by regular continuous sections,
except in such cases as the President and Di-
rectOrs may, from the delav occasiOned by the
erection of bridges and difficult passes II, any
particular direction, direct otherwise, or in the
event they shall determine that the interest ol
the Company and the public may be advanced
| by II, they may CONNIE nee simultaneously Al
the eastern and western terminus" We
| think if there be made on behalf of the Civ
such farther subscription as is proposed, II
should be with the expectation and under
standing that the money to be paid by il shall
be expended in getting into operation con.
tinuous line from Richmond; first to Stauntou
| Tlver, and then from Staunton river towards
Danviie. Proceeding in this way will be on.
tirely consistent with the charter of the Com.
pany, and, we think, for the interest of the
| Stockholders, both in and out Of the City.
All Of the Committee who were present con-
eur in the foregoing views in case the poll b.
directed; and we agree that though the peti li0ns
| be signed by one fourth Of the freeholders Of
| the City, there Is discretion in the Council
either to direct the poll or not. But upon the
question whether in the exercise of that dis
sresIon, the poll should be directed, the mem-
bers OF the Committee present were divided IN
opinion; and we return this report and along
with il that received from the Assessor, 20 that
the Council may take such action on the subs
ject as may seem To il proper.
A resolution authorizing the opening OF Q
poll on the I'd of November next to take the
sense of the freeholders whether the Council
in behalf of the City may subscribe $50 600
adopted BY the following vote-yeas Q. nays 4.
Yeas-Messrs. Anderson, Darlington, Des
noon, Fry, Haskins, Hill, McCance, Myers,
Robinson.
Nays-Messrs. Allen, Dimmock, Mills and
Saunders.