The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1856-12-12

Anaxat AsaiAg Dsy The Comnaav ne,
u Odd Fellow Hail. q 10 o'clock. yesterday
mornine-iov horshsad resunins the Chair.
tee 10 whom was referred the subject OF erouirira
into the policy adopted by the Richmond apd
Danville Railroad Company, for the regulation Of
the tolls on their road, and report their opinion,
whether any modification thereof ID necessarv y
presented the following report:
"Your committee hsvs examined ths sabjeet With
- ruch care - the limited time and the sources OF
information, accessible to them, would admit and
&. s0d
have sdopted steadily ipcreasing scale Of tolls
for passenger and moderately decreasing scale fer
freight from Richmond to its Western terminus
"Your committee are informed aud believe that op
ONE HALF OF the best regulated roads. extsndiss
from tidewster to the interior scale Of ineyeasng
tolls IN proportion to the dstance has Ibesn adopt
cd, and for tho residue deersasaa scale. such %
would invite and induce tonnage and travel to seek
their improvement over all rival establishments that
favor of travel and tonnage remote from the sIsn-
ment of the road and &C the came time stimulate
the production Of agriculture and minerals for trans-
portation.
"Your committee are of opinion that the Rich.
mond and Dsnville Rsilroad. commencing at tid~.
water and penetrating the interior, must maisly de
pend TOR success on its expansive power commani
the tonnage and travel Of that interior To accom-
plish this end. adequate inducements must be held
out 70 the public by way of speedy transportation
snow, if your commttee be right in the positions
they have asaumed, whatever exigencies in the af-
from this policy, at the inception Of their
they are OF opinion that such regulation at this time
i inexpedient and your committee beg leave to set
forth some additional reasons for that opinion
"A different policy than that before indicated on
erery long road. would exclude from TRANSFORMATION
oil productions of agriculture at and around the ter.
mnus except the most cost staples, would repress
their culture, would exclude all minersle vould
drive considerable population whose interest it
would be to seek transt for themselves and their
nm rnadk ko aw;.s
Improvements, would invite formidabl. rival i'm.
provement to ruu parallel with this to tide water
would invite another that may be located short dis
tance beyond is western terminus, would greatly
impair public regard and confidence in the stability
OF this road and make friends for ts rva O. would
decrease the annual income Of this rosd and in the
event of any untoward accident befaliing it. might
greatly ard or preclude Its sreesabIishment
"Yoar committee arc informed that on most in.
ished roads exceedns one hundred miles in lepg b.
the Through tyaret and tonnage peculiar objects of
favor the ment of this rule by the Richmond
and Danville Company would deny to it, in the
opinion of your committee, its we'll merited protsc-
tion and forbearance.
Your committee will not undertake to exhibit in
detail the amount OF tolls that should be charged on
the tonnage and travel at the Western and Esssern
end of the road this duty be far better perform
cd BY the officer. OF tho compeny-bu they respect
fully recommend that the said officers be regulated
duty"
On motion, the report was received and adopted.
Western E1tension.-Mr. George Hairston, from
the committee to whom was referred the resolution
to enquire into the expediency of accepting the
charter passed by the last Legislature for the
western extension, reported in favor of accepting
the charter but demonstrating against the restric
| tions contained therein-and recommending the
| stockholders to appoint committee to memerisse
| the General Assembly to remove the restriction
| which denies to the Richmond and DanvilIe Rail.
| road Company the power to appropriate the means
| of said company to the extension Of said road, or
in any other way that they may deem proper. and
Il - ~sA AZ. Ca,
| upon the two and three ffths principle.
On motion, the report was laid on the table, and
| Gov Morehead was called upon to inform the
| stockholders what action was necessary to ensure
= connection between the Richmond and Danvile
Railroad and the Central Railroad of Carolina
DIR. Atkinson, and Messrs Sutherlin, Martin and
Bryant Igave their ressors why Virginia desired
the connection. They were-to enable the sec
ton of country around Dan lille to send their fine
tobacco directly South by the Central road, and
Baltimore and New York. These gentlemen ad
| n ited that the Danville road would lose tonnage
onlcertain articles but gain on Others ~ well u
on travel
Gov Morehead then addressed the meeting, snd
showeds conclusively that both States would be
greatly benefited in freight and tonnage by the
connection, while the whole Union would be &C
commodated by the shortest route from the North
to the South. By the connection between
Greensborough, n c., and Dsnville, Va q dis
tancs Of ffty miles, the travel from the first named
point to this city, . distance of one hundred and
ninety miles, the route will be shortened about
eighty miles Gov. M. then alluded to the large
tonnage and travel that would be secured by this
| connection, and thought the people Of bis State
would eventually favor the road, as they mus,
see the advantages to be derived by the connec
ton; whilst the travel would be excluded from the
State by the completion Of the Knoxville and Vir
ginia and Tennessee Railroad, which would cut of
North Carolina from all participation in the grea
through travel. [Gov. NJ gave the ste ckhcldefi
. large amount Of gratifying Information IS to the
operation and effect of this Improvement
After remarks by Messrs. Chalmers, Edmund'
| aud others, the report on the Western Exten
| sion" made by Mr. Hairston, was taken up.
Mr.. Stovsl moved for division Of the report
He was not opposed to the reception of the charter
| but would endeavor to show that the proposiiior
| to appropriate any portion of the receipts of the
| company to the elongated road was unjust to the
| old stockholders and should not be passed
The question on being put on the first part o.
the report to accept the charter. was carried IL
the affirmAtive. ~ s=
The latter portion Of the report next came up
when Mr.. Stovsli obtained the floor and spoke il
| opposition to its passage.
After rsmarks from Messrs. Martin, Smith
Chalmers and others,
Mr.. A. Dickinson offered the following pro
viso which was accepted, and the report and pro
viso then adopted:
'Peorided, however, that pertisn Of the earning
Of the rosd shall be appropriated to the extension
| same, CONSENT
sxisting stock of the company" p
On motion, the meeting adjourned to meet asair
| at O'Clock, p. N.
EVENING SESSION.
Gov. Horehead resumed the chair ct o'clock
| and called the meeting TO order.
He then announced the following gentlemen 81
the
| Committe. to Menorialize the sgislature-Wn nliau
Martin, Thomas T. Giles, William #. 6utherlin, A.
| D. Dickinson, and James N. Smith.
Complimentary-Mr. A. d. Dickinson offered the
folio wing resolution, which was adopted:
"That the thanks Of this company are dae snd ars
hereby rendered to Mssss. T AtAins n, 70 jamia
| w. rinnsy, John Enders, (cemmittse) sna tseo,s
T. Welsh (accountantb for the diligence, fidelity and
ability With which they have served the company in
the invesigatoa and report upon the condition ana
nisnassment Of the Affairs of this Company made
unlsr the resolution the .st asnu,l meeting ofbs
stoekholders on the 18Th Of December, 1855. whose
report d appended to the Prssdsnts report to thi
ussina; snd that We tender 10 eseh Of them the su
Of ss dollars per day for the tioe expended in thai
service or In hsu thsieof at their option. fres
ticket over cur road for the epacs of two yeaso
InrestixstisE ComBitee AT the instance Of Mr.
Asa d. Dickinson, the Chairman appointed the
following gentlemen . COMMITTEES to 'invessieats
the manssemept and condition Of the Affairs oi
the company," to report 70 the next ANIMAL meet
ing: Messrs john r Edmunds, Of Halifax; George
Townes, Of Pitssylvania; and William Butler
of Rchmond.
/msndmeM-Nr Stovail offered . resolution,
that the thrteerth BY law Be amended, 20 ~ 70 re-
| auire the Secretary 10 audit and adjust sucn ac