The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1852-08-11
LocAL MArrnRe.

0OOAAo 406A6s
DANvIExx Ran. RoAD-Our reporter, on yes.
terdsy, received copy In advance OF it, ofiicial
publIcahon Of the report of the Committee Of City
Finance, submitted at the meeting of the City Coun
ell, BY Conway Robinson, Esq, Monday evening
last in relation to the direction Of poll in this
city, to take the sense of the freenoloers on tne
subject of making additional subscription 70 the
Richmond and Danville Rail Road Company OF
| $4,000. The report will be acted on BY the Coun
| Gil at its next regular meeting.
The Committee Of Finance, to whom wa refer
red the petitions of certain freeholders OF the city
of Richmond, asking that poll may be directed 20
,.k The sense of the freeholders of the city on the
question whether the Council, in behalf of the city,
.hs,, subscribe to the stock Of the Richmond and
usnyille Rail Road Company, an amount not ex'
ceeding $4,000 respectfully report
That the assessor of the city, after q careful ex
animation of the books, reports that the number oil
white male citizens OF the Commonwealth, resident
| therein aged 81 years and upwards. who are tree
holders of the city, is, according to his pest Juos
ment, a. he can ascertain IT. il7e; ana ater
examining the said petitions, the SAID assesso. re-
potts that they are signed by 376 persons OF whom
| according to his best judgment, 29s are such tree
| holders
The petitions thus appearing to be signed by one
fourth of the freeholoers of the city, and the Coun
Gil therefore ii it see fit, having power 10 drect
| the poll that is asked some views have occurred
| to US which we deem it proper to present Tor the
| consideration of the Council.
1t is stated in the petitions that the capital stock
| of the COMPANY is allowed to be increased S50O,
| 600. of which tw O ftths may be subscribed by 9th
ers than the State and it is urged that II Richmond
| shall subscribe the proposed sum OF $oOO0O being
one fourth of the two-tfths, her example will be
followed by counties on the iine and ihat as acdl
| 10 al rinfinn NM
| State the Board of Public Works is to subscribe,
| ON behalf of the Common wealth. in the proportion
of threeffths to two ifhs. And in this way 1t is
argued an ad tional subscription of $50 600 by the
city will be materially instrumental in making pro-
ductive her previous subscription OF $500 0uO, to
! the stock of this Company. Giving to this argu'
ment all the weight to which 1t Is entlled we tnink
if the poll should be directed and the majority OF
voters be for the subscription thought to be unaer-
stood that the Council will not feel bound to sub
scribe at once one fourth OF the S2OO0OU, out may
only subscribe as additional subscriptions are made
by others than the city and State, and then only
| suhscribe one third OF Whatever sucn aodiilohai
| subscription will amount to, VIII en- Will De In tne
proportion of onetouIth to three iourths OF the
| $780, 900.
We think, too if the Council should subscribe the
| whole or any part of the S5O000, 1t should DC III
order render productive and useful as may De,
| what has been paid may be paid by the clty,ano
impose some condition as to the part u the line
| on which the money is to be expended The com
pany, it seems, commenced simultaneously at the
| eastern en-. wettern terminus. Ot the 9u3 miles
| from Richmond to Sraunton River it has now IN
| use 534 miles from Richmond to Bulksvlie, the
point of junction with the South Side Rali ROAD,
! aud expects to open tomorrow an adolul mai Sec
| ton, reaching to the station at Moores ordinary,
| Ia miles beyond the junction, SO that there VIII
then be in use Is miles; aud it has under contract
| the grading of the next 254 miles. OF the 49,
| miles between Stauuton River and Danvllle the
| Company has done nothing on the 2o5 miles next
m Qtt,F hpf hna
the 20 miles next to Danvlile, which II has eX-
| pended an amount exceeding 100000, which Is
| now unproductive and must continue so until the
western shall be connected with the eastern secuon
| The company has proceeded in this way under the
9th section.of its charter, which PROVIDES thatlt
| "sha 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 directors may from the Ceay
occasioned by the erection of bridges and difficult
passes in any particular direction, direct Otner'
wse or in toe event they shall determine that the
interest OF the company and the public may be ad-
| vanced by 1t, they may commence simultaneously
| at the eastern and western terminus" We think
| If there be made the part OF the city such tur
| ther subscription as is proposed, 1t shall be with
| the expectation and understanding that the money
to be paid by it shall be expended In getting INTO
operation continuous line, first to stanton River
| and then from Stanton River west Proceeding
| Ga this way will be entirely consistent with the
| charter Of the Company, and we think for the In
terest It the stockholders beth in and out OF The
| city
| All of the Committee who We're present concur
in the foregoing views, in the poll be directed
| and we agree That though the petitions be signed
by fourth of the freenolders OF the city, there
is discretion in the Council either to erect the
poll or net But upod toe question whether in the
exercise of that discretion the poll should be direct
ed, the members of the committee present were
divided In opinion; and we return this report and
| along with it that received from the assessor,
| that tue Council may take such Gction on the sub
| ject rs may seem to it proper
WING MEETING -There was a respectable