Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1853-11-16
Central railroad Company.

Central Railroad Company
The annual meeting of the Central Railroad
COMPANY commenced its sessions in r e mo I'd on
Thursday last HoRAcE L. krsr, Esq, OF
Richmond was elected chairman, and tho Presi-
dsnt Of the Company read his annual Report, a
synopsis Of which we have heretofore given.
At the afternoon session, the election OF officers
was proceeded with. Gen. w. F. GoRpon, Of
Abemarle, one Of the State Proxies, nominated
Col EDMuyD FoNrAIyE for reelection TO the
Presidency. No other nomination being made,
Col. FoNrAlSE was elected rira roce, unanimous
ly. On motion of Mr. MAGRuDER, WM.J. ROB
EaTsoS, of Charlottesville, was reelected d.
rector, without opposition. Mr. }. WooD nom'-
mated DAVID ANDERSON, jr., as Second Director,
and Mr. NJ G. HARHAN nominated h. L. KENT.
Some discussion ensued. in which Gen. GORDON
and Capt DIMMocK advocated the election Of
Mr. ANDERSON. and the vote being taken, result
ed ANDERSON 206l, KENT 1910 50 the former
was elected.
Mr.. EeHoLs. of Monroe, appointed State
Proxy in place of Gen. CHAPMAN, resigned, NOV
cd that the next annual meeting of the Stockhol-
ders be- held at Stauntou. The motion was lost,
ayes AZ, nays 80, but was recOasidered before the
adjournment, and carried in the affirmative.
Col. FosrAINE then came forward and return
cd thanks to the meeting for again eectlng him
President OF the Company, and promised to devote
himself, body aud mind as heretofore, TO its inter-
eats. He proceeded to show the condition Of the
funds of the Company at present; and after an es-
innate of the cost ofcvmpletng each branch of the
line west Of Stanton, presented an aggregate de-
fcieucy of 81 ,427 LOG. The items of expendi-
ture for which this amount is needed, are as fol-
lows:
The cost of grading the road from Staunton to
MillbOro' amount done on the lst of September,
1897 ,325-amount to be done, S229, 26l making
S6l0,606.
Grading from MILFORD to Jackson river, $500,
600.
Supersiructure from Staunton to Millboro', SO
miles, at 50 800 per mile, 1851 900.
Land damages to Jackson's river, 81 miles,
$4,000
Buildings as far as Millboro', Sl5,500.
Equipment of Rolling Stock to Millboro' $780,
000
Engineering expenses to MILFORD, $50 ,000
From Stanton TO Jackson's river. 90 miles OF
superstructure not provided for,) Sl97 COG.
Whole capital for this section, $4,000.
Deficiency in operations TO MILFORD and gra.
ded to Jackson's river, $780,
To which add 10 miles Of sapers;ructure, al
80 500 per mile $3.50 500
Total deficit between Stanton and Jackson
river, $i57 LOG.
Add for Jackson river to Covington, say $780,
600.
Total deficiency west of Stanton, 1857, LOG.
From Waynesborough to Stanton, $50 900.
Rolling stock recently ordered, 100000. To
tai, Sl50,000.
Re-laying the road with heavy rail from Rich
mond 10 the Junction, $4,000.
And from GOrdonsvilet to Charlottesville, $3.50,
600. Total. s390,000
From which, take 100000, the estimated val
nc of the flat rail that will be taken up. Total
$4,000.
Buildings in Richmond necessary for the &C
communication Of the business OF the road purchase
of ground. engineering expenses, and unforeseen
contingencies, 100000.
BY order Of the Directors, Col FoNrAIsE sub
mitted resolutions asking the authority Of the
Stockholders to apply to the Legislature, at thei
next session. for loan of 81 100000. lieu to BE-
| given on the road for that amount; aud, in case
they should refuse, power to negotiate for a loar
! from private sources. The resolutions were re-
ferred to select committee OF seyen, to be report
cd upon next day.
The salary of the President was increased FROM
( s., 600 to S2,500
At the meeting on Friday, the Special Com
rnittee reported the following resolution as sub
stitute for the proposition of the President and Di-
rectors presented on Thursday, and it WAS adopted
By large vote
The Board of Public Works having elected TO
locate the Eastern terminus of the State road at
CoVington. and the same being in course Of con-
sruction, 1t s necessary to provide for the extern
sion of this road to that point therefore
Resolved, That for the purpose of extending
that road to the town Of Covingion and of compile
ting and equipping the same. OF erecting buildings
in the city of Richmond, and relayng forty miles
of the track with heavy rail the President and
Directors be authorised to apply TO the General
Assembly for an increase Of capital stock of this
Company and for such loan as may be deemed
necessary provided that the aggregate of such in
creased capital stock and loan shall not exceed one
million five hundred thousand dollars.
The following committees were appointed, and
after some oth.r business Of no general interest,
the meeting adjourned:
COMMITTEE TO EXAMINE THE RoAD.-Wil-
liam M. Tate and j. |. A. Trotter. of Augusta
John Hunter and Ro Nj. Kent, of Louisa S. w.
Ficklin and Gen. Il. Peyton, of Albemarle; and
Thos. W. McCance. of Richmond.
COMMITTEE TO EXAMINE THE TREAsuREs's
BooKs.-B. H. Magruder, John Wood, Jr., and
B. c. Flanagan, of Albemarle Ro NJ Kent. of
Louisa David j. Saunders and Thomas r. Price.
of Richmond; and Hugh w. Shelley, Of Augusta.
The Pledge Redeemed.
At meeting of the Agricultural Society an
amount exceeding $4,000 was pledged by citi-
zens of the various counties represented in
the meeting. Albemarle was pledged for ST.
0C0, besides large subscriptions which were made
by private gentlemen then present. We are glad
to say that on Monday last, upon our Court Green.