The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1853-11-11
LOCAL MATTERS
VIRornrA CEsrRAL RArrEoAp-T1

O'clock yes erday morning en crfsrizxtiou beips =
fected By the election Of HoRAck L. KENT, Esc- y
this city, ss President and Ger. BERNARD Pzyrer.
of AlbemsIls. Vice President. Meszrs }. Gasrsn
Eassne Davis and G. J. r. Netherlsra were thes
elected Secretaries.
| In the absence Of tho books Of the Company ,us.
cesarJ to asceraif the fact President Ron,ane rcs
his issnnull Report, and tia. Of the Chief Engineer,
to tho meeting. synepss Of which we subjoar. =
follows,
| ssneps.s The Pressdenss Report The stockhol-
aets are cougratusied tho laiiou and prospects
OF sue company. brief review .de Of sss hst<-
presenting stik ns contrast between the presens
| ara tue post Wnie it G mrDenc ID IS q brareh of
tle T., 4. AID + Rar ad, running bnt s. miles 10 :
nSgnboIlIg county Town. it has ughf its wsy lhr0
atoPposlltou, aud la stock his advanced nearly 0o
PEI CENT trom its pr at he period first alluded Ia
pnrR tne pTese ut year shs work which was under
consiac s wss q s.aanrop SO miles has been pro-
zsesslns Ee srd Il ts expec ed will be all ready Tor
IN ti,s 70 pat the By the ist cf Au.
| sasas nex.. ine Sc ection between Waynesborough
ard Sssnatcu will be completed Ia short time and
ready fof use The nporary track az Roek 6sh fs..
| is pr3gre ssiag rapidly.
The report speaks of the rosd frpnn Cov;ueton tr
tho mourn OF tho Big SANDY the dscieyry fsr rs, &,
Pletius which 10 greater than was sntirpa.ed owi1r
3 the greater Gee. consequent upon higher pricest
but the Beard believe It Is the duty a. well AZ tha In
teres of the stockholders tn meet shs difcuIty vim
energy and pronpttude. To insure the earliest com-
plicstiou should be made to the Leris,stnrs - ts
crease the capital on the uint stock principle and
that they should be instructed to ask of the
tufo sufficient loan to meet all the Comnsnvsa
wants on the same principle that loans were grant
ed to the other Railroad Companies at the last sex
son, @ VIE althoHtJ to eve lien on the property Of
.ne company TO secure the payment OF such loan
any other that they may fnd IL necessary 70 maize
The Board feels the rnosf confident assurance thsk
| one. fD
The construction of second track from Charlotte.
sbst Z uis. saona warmly urged 1t Is believed
pfalneaoie hne. Many reasons are adduced In favor
o. .n.s pan. II win make l1 miles nearer ffou
miles nearer from Charlottesville to ri. .hmond In
20 Atexanofa THIS however, does not conteu pla4n
Sonss soaheoomeIs OF the old line BY way Of Gos-
The BosFs urge the necessity of re s5ins the track
Tbs receipts Of the year, ending so.b septemh.,
amouns TO sza0e2 ~ exceeding those of ths pre-
si.us year By SS5 s6 Il. being increase Of nearly
increased in the same raio the general chs,s
for this years expenses being only 80 sol 81 nsosS
seedd sho.s Of Ssas b1 as RECEIPTS have
In conformity with the settled policy and praoti.r,
Of the Company the Board have declared dividend
1928 and '5, that being the iDvestn IN
.hs present working part Of the road; this dividend
pary. payable on the 18th day Of October. ig7s a.
Interest payable annually at the Office of the Gonna.
NY and the bonds bearing date the 18th day of Oc-
Ssnopss Of the Easinee's Report Mr. Elicit ssatse
that he work on the ile, west of Mbero, is pro-
that it will be completed in the time stipulated.
| In consequence of the delay attending the eeles-
ten of route west of COvingon, the making Of con-
trrcts can be postponed to next spring and still brua
that section into the line crossing the
Allegheny mountain be put In condition for bu.
of the road from Mlbor1 to Clifton Forrs' simoitaL
neously with that from Clifton Forge to Coyinetop
and hs division of the State work, extending frs:
| Covinston to the western base of the Aleahany
Considerable pace is allotted in this report to de-
senpticn OF ths blue Ridge Temporary track and irH
this tract in year. in reduced cost of por are 3
estimated at Sl23 S32 and it is computed thar the
Gomp,ny viii save in three years dnrins which tho
| $57o.oo0. Aud adding tho Increased trsnsportaton
ngers Mr. Ell is of the opinion that there
VIII Be obtained 4 tor the probable value Of the teu
The report suggests that there will be needed sa
outlsy of not less than $500 900 on the track ensnes
and cars for the proper accommc dation Of the basS
ness that may reasonably be anticipated next year.
The question of the gauge to be adopted for tho
ROAD west OF Coyington, receives good degree of
attention After detailing the advantages and disA-
ysntaees OF the various gauges the Engineer says III
adoption of feet ei inshes gauge. the road from
Big Sandy to Msysviile and It's extensions north ana
west through Ohio and Kentucky
The reading of the reports being concluded on M.
ton of A. b. McGRUDER, Esq, committee of three
appointed to receive all proxies, and prepare .
suitable list of the same. in order that the meeting
| might proceed regularly to business. Comntsess,
Messrs a. B McGuder. John Wood, jr. aud Robt.
| Ii, Kent
The meeting then took recess Of an hour, In o..
der TO give the above committee time to repor buk
at the expiration of that time. the ChairmsL's h
forming the meeting that it would take until icOsk
transact the tuines before them farther recess
was agreed ,pon, until O'Clock. P. M.
AFTERNOON SEssloS.-The meeting was
called order by Its Pre- sident few minutes AFTER
O'Clock, when Mr.. A. b. Mc6ruder, from the Con-
49, l.Z-u
| the duty assigaed them, far practicable, ssd
found by the number of Proxies placed in their po
session taat there were majority of the individual
stockholders represented, either In person o. hy
| Gen Gordon of Aibsmsrle, then srose and noms-
| Dated as President of the Company, Col. EpMoxn
| FoETAIsE, the present incumbent.
| There being no position the vote taken sko
vCce, and Col Fontsine declared to be unlnimousiy
| elected.
The rsxt buiiaess in oder was tbs election Of sv~
| Directors by the Stockholders.
MIR. A. 3. MeGruder nominated WILLIAM |. Ro-
BgRrsoN, ECO, Of Albemarle, the first DireetoR
aud all opposition TO him having been withdrew,
| the vote was Put rfsa roce and bis election MADE
MI john Wood Jr, nominated DAVID ANDERSON,
Jr, for the Office OF second Director
| br. HaImsn nominated Horace l.. KENT, Esq,
| of Richmond, In opposition TO Sir Anderson.
Mr.. A. g. McGrud r arose ard stated, that st the
request of Mr Kent he arose to ssy that the gentss
man proposed by mr Harman, did not desire TO 10
Mr.. Harrsan would not have brought forward the
! lf, -
gentleman Of Richmond that his non4inos woaid
| serve if elected.
Cant Dnm sck desired to know If it was to DO un-
derssnod that althoa2h Mr.. Kent was lot . candS-
date he would serve ii elected
Nj Lyons roas TO explain He had given Mr. Ha,.
man the information referred TO BY him. and Ia this
| way The Wess were d.ssatiaied with Mr.. Anderson.
1 and would have gone for gentleman from Monroe
or Gfeenbrier To have taken the Director from one
OF these counties might have engendered jealousy.
and 70 prevent this they al willing to c1mpro-
mise on Mr. Kent Hs had made these facts known
TO Mr. X, who though opposed to holding fhe Office.
had consented TO l it IL the stockholders eesrd and
the interests Of the company demanded tha. he
| should do &c.
| Capt. Dinamock advocated the election Of Mr. An
dersop, on the ground that he bad been Director
for seventeen years-hsd served the Company faith.
fully during that period-and no cause could xov Be
| asst gned for tuning him out
Mr. Lyons supported Mr.. Kent, because the Wes,
| desired hs election. He aid not Gesgn ettaekins
Mr.. Anderson, snd would not do so
Cen Go don for soothing the feelings OF all
He knew co East, no West. IN this matter, tut Wa
for pushipg the work forward rapidly ~ possible
Richmond had interests TO be respected es well q
the West. She had subscribed literally towards ths
rosf, and he expected that shs would again do 40
necessary He did not think that tho West had an,
right TO complain Of Mr.. Anderson. for ne had heal
zeeieus friend Of the improvement from its nfancy
and he tfused there would now be no jaring Of ace
tous over the foaves AID Gshes. fr6esd he telieve
there were no leaves lef and hut few fab 1t TIL
| time. The werk was State improvement and !
such should be locked uron ard hs hoped It's fiead
would deprecste every hing Ike section.
A citizen Of Albenarie bad horn-a very lon