Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-01-26

to say nothing Of the depreciation of tho motive power
the Cost OF which is tsooooo which, 10 per cont
Iu this stats Of things dividend bonds have been Civ.
to tho Stockhoiders iaa Of tho mountains, for
lows;
Do. 1888, not ye, issued, but supposed
to DO lsssio 90
&qos,o2o %
From which clearly appears that tho Virginia Central
Railroad Company has expended the money Of the wes-
stockholders tho Eastern end OF tho road; the
me refusing them their portion OF tho prof. which
pretended has been made, and which has been al.
vded amongst the Stockholders Of the mountans.
Let the state take care shoald.shs grant the u 800
and scattered through country to pay
with The Company, being in debt, have right de-
clare. HENRICO.
| 10 fhs Editors Of the Dispatch:
DrAR SiRs-for several weeks past have heard that
statements have been made about the city calculated to
affect the value Of the Central Railroad stock and there
by inure innocent share holders This morning one of
the Directors from thw side of the Mouutsn called
my attention to an article In Saturdays paper over
the signature Of" Henco characterized BY gross error
in the statements, and malevoent spirit regret to sec
existing towards any work of internal impro yenent
lf any thing l. to DO said against tho company or s
management Il IL better to DO brought to light howey
or oojus than to be circulated privately. Tho accuracy
OF the Of tho and Treasurer Of
the Company, will challenge comparison with those of
any other officers
LIST The charge shat the company has expended tho
money OF the western stockholders the end
the Road" 10 wholly destitute of foundation The stock
holders In general meeting authorised 5000 900 to be
raised oy bonds payable 20 years. for the purpose Of
constructing track from the Junction to Gordons.
willie; which track was accordingly built out Of that fund
as charged In the general account, with avas from
the old materials
=. should think the merest tyro In accounts ,,ouI
know that the cost Of constructing track ncludina
alterations in gradel thus authorised and provided for
hnn1I moi ha oh Ifn, l.
uone 10 permanent construction aud therefore made
ueo' on Tue company.
d. ino interest pau from tho lst october, 1880 to LIST
ue'ooer 1901 mas been included in the expenditure
Of the last two years thus swelling the false balance
maue up mainly oy charging Ssoa,ooo to current eIpen-
ses, s"i M was au gu. III construction.
t.n' ne pus uo"n an ITEM Iot depreciation not only
unusus N anhus Nsrosu accounts loecause the heavy
'sPais oloare power covers tha but most
Sr h,na ~ ".'e , ~ ue ,' ~ sas loo
| 60. s,,i o -: W s'f,oou 'or .ao years as
~, ., c;,p a'S 'o' su''en' auun's''suon aoa
w S.; ,h - 80 80 ' =, oa'snee VI SliV,oso
.., s,octhoiSrs ,o'nss =, ,h .n5 oS siS n'o"ey VI
e,h Dir;asnds bsv. b.en ,,.oi.roS - H.. 80 III, q,
.ss,,sndsd on m. nressn, ,so,I;n =, -, ,s S 'e
-, t. ~ 49,, ~ H. ,.rhIss pr =, " sue ,oau, ~
fined 10 those on This aide of tb, mountsn hu, nh.ca,
iii o., RI. ob.r s,d. shosn G,n. -. ,hn. nnn1,
rho n,n.;n., la h.en rens.,s.,Iv s,;an"i h Il,
lLnIdsrs .s ;ns, nns FF S - ''
Resnsc,luuy f PoNrAINp
| p,a.,5n,,
Om.s ". q Railroad R;cbmo,5 Ia, fs,ssI
-
p,r m. ,,oon from, wa,,.shor, n, S,,,,,o, ,,,,,.
none, has ~ a, n.,J,1 ,hon ~ No. ooI..,aa -
the c.,;,. snnIc.hIs 70 ,h., ssc,;on tho SGc; 49, S
been ,pnpled In mar, Inv funds raised INV tbs Prsjsn,,
individual credit The funds applicable to the section
west of stanton like those for ,h, .t meo,ioned a
kent in sep,rate accounts the work then I. .ili In
gre and considerable amount of the capital uneoe,ted
90 7 cIpRErT -
om.,v n pu,,,c p;hs I =. .. ,'e ,s,
" N' ~
tn ne EI;to, oft5, D;n,,.b
g.. tn ,yy,;, ,h, -" a. ,o,s., =; ,,,, j.,
Give 70 comm,nic,on 81 ,hc pres;Jsn, os ,ha We ~
Railroad Comnany when anne,rsJ In vonr n.na s ~
10Th ins,,nt calls for n rsnIr tbongh ,Ss ,rn
,s.If sc,rcsIv cons;I., - .n,i,Ist 40 on. =, 49,, -
should no somewbat harsh and abrun, in ,h .aa -
only apology | have to Offer As to INV being actustej
malevolent spirit only say that the charg.
il unfounded in fact either as it regards Col Pontane or
the road which he presdes In reference 10 the in
maton that some one had privately circulated rsports IN
the prejudice OF the road only state far a, INV
extends have heard m nothing OF the kind
for do not regard individuals WHO think proper to dis
cuss the merits OF Col Fontaiuss reports which have
been published 10 the world "a being guilty OF
circulating rumoTs to the Injury the road ID have
made any statements public which have no fouuds
ton in truth or have paraded halanees which are false
must beg leave TO state that Col fontanes report has
furnished the materials Ny object has been 10 place
them proper light before the people in order that
they might avoid the into which his repor, calcu
lated TO lead them. In speaking Of the Wo.;,rn and
Eastern stockholders and charging that the read bad
made dividends benefit one to the exclusion OF
tie oteT il vas evident from the very nature of mr.
statement that designed characterize the
the new and the Eastern the old Stockholders Of the
Company and the ptiu subteIfuge which he has re-
sorted that paragraph Of his reply commencing Diy
| dends have been declared &c. Sc by making an
individual rere-erna ybils. he ia,.e . rs,o,,Y IN
| $1,000 - 10 80. / 49,. o.. ~
eIehcS W NC uhSh Is 700 Cobtcpubie 10 require
You seem to ,hInE M Edi,ol tho, liz rGe.,d,u, ha.
oor,nIeter rndic,,ed tho onanv from ,ba a,a,omo,,
| k..f -. - 80. 80 III -. - -
nave inaue OF us hHhHs now iet NE USE, mas lie uone
coy BY charging to the account of permanent
construction man properly oeongs 70 H. and asserting
tha' lac rg III uo'hs u tns Is he ony evidence tnat
lief tina, have made an imnroner s,.,smsn, oI be Co.
=
ped that you should readily have given credcnce &c
II w.
suppose SIR 10y OF iustrationl that your valuable
paper the Dispatch Won in the beginning IN,
sum Of S9O 400 and from this on.y Won rsceiva