Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1854-04-12
Meeting or the Stockholders Of the Va. Gem
trail Railroad.


From the Richmond papers We CLEAN an ac-
count Of the action Of the recent called meeting
Of the Central Railroad Company. Gen. Ber-
nard P-yton, of Albemare, presided, and Messrs
J. Garrett. G. J: r. Netherland aud X. NJ, Kent,
jr. acted as Secretaries.
President Foutaine read report in reference
to tho principal object Of The meeting, which was
to devise some mode of raising the means to con-
iiuue and complete the Company's work West of
Staunton, and to relay with heavy rail the, road
between Richmond and the Junction. and, be-
tween Charlottesville and Gordonsville. The
report proposed to issue the bonds of the Compa-
ny. secured by mortgage on all the property OF
the road, in order To raise the means from time to
time as needed by the CompaDy: the dehclen-
cies for which immediate provision should be
made were estimated at S995, 900, in the aggre-
gate.
A Committee. consisting of Mr.: Lyons and Col.
Dimmock of Richmond, Gen. Gordon, DR.. Woods
aud Mr.. Timberlake, of Albemarle, Mr.. I'm
boden, of Augusta, Mr.. Hunter, of Louisa, and
Mr. Amber, of Madison, reported resolutions in
favor of raising 81 SOC, 900 if necessary, in the
mode proposed in the Presidents report, and the
resolutionswere adopted.
The subject Of reducing the rates OF charge for
travel and transportation, in which our communi-
ty is deeply interested, was brought before the
meeting by resolution of Mr.. Page Of Hanover,
for the appointment Of Committee to investigate
the subject and report to the next annual meeting
of the stockholders. Mr.. j. II. McCue, Of Au-
gusta, offered substitute proposing to consider
the matter in the present meeting. Mr.. Skinner,
of Augusta, offered the following as substitute,
which after discussion was finally adopted, Mr..
McGruder of Albemarle, and others opposing it,
and Messrs. McCue, Skinner, and Christian Of
Augusta, advocating il :''''.'s - - - 49,,
Resolred, That the Board of Directors Of this
company be and they are hereby instructed to re
wise the tariff OF tolls npon freight as well as upon
passengers, recently established by them, with
view TO ascertain what reduction, if any, may be
made therein, consistent with the interests of the
company.
LIT. lNel>oh, VI lldhOftI, OLeleu lio iOItVWiHS :.
RESOLVED, That it be referred to committee
Of three stockholders to enquire into the manner
10 which the. transportation ofsreight along the
road is managed-to confer with the President
and Directors upon the subject-andsto report
thereon to the President and Directors at as early
day as possible, and also to the next annual
meeting of the stockholders. with any recommen-
dalion touching the same which may seem to said
committee ad yisable-and that the said committee,
pending the said examination, be allowed the per
diem compensation paid to Directors, and to pass
free over the road.
This resolution after discussion was also adop-
ted and the following Committee was appointed
under it-viz: Messrs. Bolivar Christian of Au-
gusta, John Page, of Hanover, and John Wood,
jr, Of Albemarle.
The subject of the resolution is of much impor-
lance to the farmers and merchants Of our COM
munity, and to the merchants Of Richmond. All
who have complaints to make in the matter should
| lay them before the Committee at an early day
that action may be had to ascertain where the
faults lie, and grievances have occurred to any
that they may get, if possible, indemnity for the
past and security for the future" or blame them
selves only.