Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1854-01-26

IA4t0IL II -
Siais Hsnsay Il rrdemFsioa tannlsy q Ssveys Il
nor passsle 81 asid Colpz feesnfss Tspos.,ta Z,
10 tie Lesislatura IF If.yiat nor oslore go !
bodr far is acfioass 4
l. Be ea4c.sA That TIE n Pit anu plIsS.oss q
of the winehesser and Po.onA filroad ccnpsny :
be authorised to issue the touf q seAs Il
pany, ion the purpose Of nsgor soan q elsssss
three Thousand three hundred thirs S-lnles 49,, 49,.
lars and shgty-three cents pay lin not ~ 49,
sh;r., ~, g fSom the data IL HI and bearins lns
terest at The rate efsix pes cen er annani--
BE senilannuallv. q
2 BeGfsrsAer eaacied, Eha;i said loan shall g
made, the same shall be pad ntfA Public Treasury
Of the Comnaohwealh, and the Insurer Of the Staie
is hereby directed TO receise sai4am OF
thousand tStef hundred ard thif-three dollars ana
thirty-three elnts, and receipt The SAID company
Bed fErslsr es.nrtei, Thatlpon such payment
to the Treasnjer, the saidccmIfsF shall De forever
released and discharged ftom q aaymsnt q see AZ
nuity Of hvq oEsand dollars ~ toyioed los Y se
Act Of th4 (sg.aeral Assembly p4Sd February z4sa,
1916: and ilsrreupon. theholde1 the bonds issnsa
under this4it shall be eatitleltdall the rigAtsol
the Commonwealth in the gigeexecutea eR ssAe
company ID tic Presidentand Iedors q we hg,la
Of Public Wosks for the heleff ofhec 0nmonMe
under de Aaa Of the General Assembly, passed tse-
ruary 18th lS3S, to theextent q sad sum q es.s-
three thouss3d three hunarod AID thirty -'hree eor
lars ana tbFtv-three cents and pf any interest there-
\ on whieh sasy d. ans time be due and in arreaF.
A. This]Att shall be in force tomits passage
\ 70 As Isii.or Of Iii. Spirit d ,Je6srsoss
Asa nssunler Of this community, feel an
interest Is question which has been discuss I
\ ed in gogt paper, and about which there IS 2 /,
4 diversity If opinion. A Till is now pending
Il before th Legislature Of Virginia 10 release the
\ Winchester and Potomac Railroad froa the
\ ts gent annuity q ooo aSssE SIS +
II Of ssh, sB333. A memorials been cireula-
II ted in :ur community in opposition to this
H bill. TIE charges made IN this memorial are
II denied Nv the Company. We have never
II made tlspse charges and Do not design enter
II ing ipta controversy ID reference to their
truth os falsity. II Is admitted, however, by
H the Company that none 81. its directory re
H side inI,Jefferson County. And il lustiliea-
II ton of this state Of things it il among other
II things Stated by the friends Of the Company,
II thatlthtugh two-thirds Of The road lies in JET
4 fersdn. 4et q very small part Of its stock Is
4 owned Nv citizens Of orr county. Taisf i
/ true. b4s it is also truethat the State has fur
i nished niuch the greater part of the funds BY
i which this saad- has been built and sustained
HI thes whole amount 50 furnished by theState
4 hasahein Ssl4,460 While the aniornt o
\ prilatJstock in the road nas only 8lse,o0o
VI The Object ofthe States appointing portion
\ the djrcctary is not only to protect the dsree
] intare;t If The Statefn the road but also 70 fur
4 nish \ protection Is Che indirect interest of1h
] citizens bf the S.ate. And It issohvious, tina
+ this Indirect interest would be promoted b.
] apboiiting some portion 81 the directory non
! Jeherson county. Nor could Frederick Caun
4 IL compair Of such an appointment; as ST
7 has furnished not more than one-third Of tn
7 capital Which has been expended on thisroaS
i the Site furnished most Of the reInann
) two.tlsitds. BY virtue Of this large interest ]
4 tile Cbi1panv, the State has heretofore had th
4 annoibtment Of d portion Of the directory. !
j 1876 tile legislature passed an act agreein
Il to rectige from the Company annually $500
y ri fea IF her interest upon the debt due j
4 and tlt dividends Of the stock Of the State
u tlEe Cs3nipany. This debt AMI stock amonnte
i I'd sS44 900. so that this act was equivalent
i releasing to tile Company more than $3.50
II 900. but the act provided that Il the Con
y pkny!fSiled to pay this anouut Punnetu,aily 7
le Said hight collect the whole OF the debt q
:, Tier. tits now proposedby the Company
u Il Satisfaction forever Of this amount to r.
u 3s3 bs3 SO a sum sufficient to produce an
ef tere4 DC $4,000 This has at first blush
i Anpia,ance of a proposition favorable 70
4 a'YaIsa,l
4. Fshiff4the State ought not to accept As
ed staif directory i appointed BY virtue Of
BE Statks direct interest III the road. and Il
r. would have no direct interest after the y,
u, laleNt OF this S93,333 50, the necessary
4. fbFt sToald ha that thereupon the State wot
! Aavg the appointment Of no portion Of t
i directory. This result would, We think,
y higflly prejudicial to the interest Of the Sta
be ant, specially Of our community. It is We
4 desirable for the protection Of its citizens. ii
L the State should have the appointment o.
# portion Of the directory III every Railroad. i
i more especially in such Rafisoad as t
T. Winchester and Potomac This road -eo
z pec.s With the Baltimore and Ohio Railroa
I the great feeder Of the city Of Baltimore.
4 20 portion of the directory was appointed
4 the State, there~Nould be great danger. il
Il qnly3of our interest but that Of the State
I. large, being sacrificed to the Baltimore ii
Il OHIO; Railroad, or to the city Of Baltimore. +
y thissireason and this only, ! am opposed
] Che Hhssage Of the. bill now pending before /
i lfglsptilre. The friends of the Company s
I thatSA 5 not the object Of the Company
i get I'D Of the State directory, and assert til
/ the Company is perfectly willing 50 to amer
I the bill rs to preserve the State directory. /
] this lia done, and there viii Be no further J
I position to the bill.in this Community. II
4 are Interested in preserving the State director
/ /. and rioGfarther. And if the Company do nc
q tbelf friends SAY, wish to get rid Of IL
j State directory, there can be no reason VI,
/ the bill should not be amended, and all COZ
tfoyersy upon the Subject ended. x.