Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1858-03-19

nontha tao ccE,I;!c:lo" 81 u" oIan.n - i,-% a.,
vii; h,ve ircm the Tennessee line to Inc roonac i'e'
vour State ravcrscc by nearly four hundred nes OF CO"
irnou- rail road competing with unrivaea auEanl"t''
49, ,ia, ,.J ,,rrc, ui southern aad South Wescrn IL"
vel 4, The North which makes every rail- r"ha "'t'
il passes n valuable property: Mr. ArKiSSoS l',e ,n,"
ran;nccr Of ID. Orar.c AID Alcxandra Rail Road, ana
gentleman t the III chest authority on rail- roma suuJ'
trr , careful rX animation and upon data which hc sN's
estimate, that IN. receipts upOlphis ROAD n,el ilS '
nec,in is completed cannot be lees ihan pei '
IT, Sr,c no,y upwards of SsOOOoc IN me ,oeh "
The Orange and Alexandria Ha Read and SIov W. III
h.. .tnrI OF VifgiIi aud Teinerre; lta koha oce:u
ln,n n( uiiiul vi dollars the latter company Ne
whole Of this investment Is now unp;oducive ~ nn
investment i'll ill., Virginia Central Ian h"hu '"tn'y
miles OF which is be made part oil tbs NM uc.c ~"
between four and tive 'ions cl the PUBIC ihEISt'em
wholly unproducvo 70 the state. Complete ts ue
link; put your line in condition 70 at'thcl '
travel Of the South and SOUTHWEST from lhe "este
and North Western ines which now passes ahu
you give immediate available value 10 %hat 10" .e".
investment OF Jour or millions OF the peoples money
Sir 10 not refusal this appropriation cryn. mions
To me ourdeneo taxpayers, who are enu'eu 10 NC
relieved from the weight OF these unpEoauct'e t''
men,l The current OF Souta.N western travel CONS
North ana Essr nor passes of different points Oh nc
Ohio River over tie Ohio, Illinois, Fennsy HH .h
ryaud Rail Roads Complete ths aHH ioni eo, ,"
vile 10 Lpucnburg and the Virginia ne In direct eo
on nv rail road with Memphis will present 9Gvan.ases
and attractions that viii inevitably command that III
meme travel, WITH lis vast profits ,o,r,.
According Mr arnasons estimates 'ne s!V,' p
ri the Virginia aud Tennessee Railroad WIN DC over
50 OoO 900 pc. anausn instead OF us pfeo'H. ~
ahout 100000 The gross receipts OF Tue grunge fonu
a., 49, 81 80 Geo instead S21i COO. And the receipts
Crn,r,i Road vii, considerably increHoe. The state
odcr will draw thrce-n::as OF these aet cceips
,b,n will 20 the treasury tor ;hc reilr OF the Tan
ouyrr Other beneficial results will ensue II no ":e: I'd
vantage be derived except 10 enable our own COM
psn;e- ANNUALLY be:wt On three "hd Tour millions oi
io.rs drawn, part from abroad, and eSpenScd
mostly come either Of the expense. W IN"
companies di.,Hut5n dviend among the stock
holders that alone would br some compensation Tor THIS
appropriation what +priGS w0ad that give 10 enSr'
prise-h employ irbor-whnt prosperity 70 ire
communities penetrated hy these improvements But yet
mors-by securing This large business 10 our own com.
paaes you will easbc them 10 reduce their !resn's ae
iares-you immensely promote tue development OF inc
country BY cErapening the transit OF Its commodities 10
nark.t The official returns show that since the construc
ton of the Vrgnia and Tennessee Railroad there have
been added seventeen millions OF dollars 10 tae Vaie OF
real estate the Since the construc
ton Of Orange Road o! leso than halt the length oil me
other nine millions been sd led ID the assessed value
of real in It. The tax on this
new value of real estate the Orange Road actually re-
ras the treasury nearly six per cent yearly on me
amount invested by the state In that WORK By securing
10 those works the large business which VIII cnabe nen
10 lower their fares and frughts, press still furthtr
this wonderful development at the valuable country now
penetrated by these works iour virginia ana
Road WAS originally designed enable you 10 stretch cur
h.yopd the State in competition for the trade and COM
MERGE of tho Southwest Give that great Improvement the
b,n. of this valuable lux and you brighten and Whist the
wcspon which WELD In your contest with Northern
md Eastern cities for Southern and South western COM
mcrce Richmond and Norfolk Will derive those adrhn
,oycs When tho heavy rights deposited at Lynch
burg the Railroad OF ono hundred ana seventy miles u
axsndria can be equal competitor with hundred
and forty miles OF watcr.lne To Richmond The gentle
man from Stafford talks about this being Baltimore road
because il terminates az Alexandria Why, sir, hlcxHn
dra /. fifty miles b. Railroad from Baltimore It's cheap
est communication with Baltimore is by wator. By wa
ter it is as dstan, from Baltimore your other Virginia
cities II you enter INFO successful competition with Bal
more for large part OF the trade Of Western and North
western Virginia you must make Alexandria the point oil
competition This is Of a the Virginia cities, tho
danscrou. rival that Baltimore has tn encounter Let
Virginia do justice 10 Alexandria and she viii build upon
Nirvini urlf " Ahn
can have the borders of the James river or on the
shores OF the Chesapeake. .
The appropriation sought in ,as blu docs NOT involve
one dollar of charge upon the Treasury The Company
undertakes 10 DAY. annually into the Treasury the per
cent on ;hc appropriated which the Constitution
requires us apart for interest and Sinking tund
ON the very days you have pay i; out of the
Treasury the Company pays il into q Treasury The
whole work is TO be mort-aged as yoursecurity and as
guaranty of the cord faith of the friends Of this bill
have ourselves incorporated a clause, requiring the
Board of Public Works TO take possession OF the road
whenever the payments are In default Tor thirty days II
has boon shown and over again. IN this dscusson
that the present rec; pts Of the Company are ample
to meet ali it's liabilities and to pay per cent TO
the state on this loan. strengthen those nrcd.
urnrs and will repeat them will only add, on this
poin that have my hands letters from three OF the
directors Mes rs Rves, Dsnserhed and shackeliord,
and the President Of the Company avcrrns on their own
know ledge of the affairs of the Company controlled by
hem that ample to pay the seven per
cent and declaring their purpose good iah to pay it,
But Sir the gentleman from Harrison says, that when
the State was induced subscribe S2l0 0 the prefer
rcd stock of the original Orange Company similar dcca.
ra,ons OF s ability 10 pay the preferred dividends were
made and that payments hnve not been That
is sample OF the unfoundrd assaults made on this Com
panv Why Sir, the Legislature were never asked TO
subscribe to any preferred stock in that Company Mr..
BARBOUR eud the act authorizing the Board OF Pub
lie Works TO subscribe three ths Of the increased capital
stock of $50 0oo authorized by that act without any re
ference preference subsequent part OF the act
authorized the Company to make any part Of the In
creased capital pecrred stock This power TO pre-
fer part OF the stock was given, 10 enable the Com.
iIl f,ilp tNan
the S;h,r WHEN ;hc Company acted undcr this grant,
in spirit of litcrny. which ought 10 be eci-"d
they referred stock going the State well as that
10 be- subscribed by others, hut provided that the prefer
red dividends should BE- paid in scrip until there were
nett Proces OF the road AS the receipts OF INC rond
are applied construction there nett proceeds
md the State s only entitled 10 scp 20 far from the
Company owing money 10 the state here the very last
Rcrr.t of your Second auditor stating that there Il
Instance of more h,n 527 900 remaining unpaid By the
State To the Company.
The gentleman from Taylor, (Mr. IoHSsos.l WHO has
bcca pccring into official reports OF the company with
an gcrncss equal that with which, according TO Peter
rndar. mag.pie peers Into marrowhonr has dscov.
cred Of the company because, lee
,hcy have coli their bonds fifteen per cent below pnr.
WELL sir selling rail road bonds at echyivc, whcnState
stocks ranging from eighty to ninety does not
10 me rs n bad business transaction Still the gentle.
man insists that there ms been msnnracencnt will
&c very distressing the directory Of tina. company
know thai hcy have incurred the censurc OF the gentle
man from Taylor Does ibst gentleman know who
these directors "re with whose opinions he thur chal
sn.ee comparison OF bis Uwni BY way, suppose, OF
his authority, he tells he
chant Well cir, tsere various kinds of merchants
Some call themselves merchants when they sell
tapes and ribbons: call themselves merchants when
they sell gingerbread and bccE What sort OF Iner'
chan: the gentleman is have troubled myself
Quire But do know the whose conduct he under.
fakes 10 cricse sir can tell him. thu, MS much intel
ec Ia embraced within the Orange directory as Is TO be
found IN the Cabinet Councils OF many Of the rulers OF
The world ID not know sir that the gentleman has ever
heard 0! The whom nm a'out to mention But his
name Is familiar in wciEorncd circles irou snout the
civilized world lie devoes his great intellect to the
affairs this company with much assduy as he ever
applied the discussion OF great questions OF national
policy or 70 the conduct Of the intercourse between his
own country end foreign nations He rs known 10 tine
country ia stare. M N he is known his personal
qusin' uncs rs successful business Wa c. RvEs
sir, is a director in that company HENRY DASGEKfIELD
Of Alexandria is another The extent and the success
ri his blsDrss would aatound III. compc
hension oil the gentleman from Taylor distinguished
gentleman now in my eye, whom AMI proud 10 recognize
constituent, VIC personally known TO most gentle
men here Mr. HENRY SuAcHELFoRD OF Calprpcr, Is nm
other. M'ssfs. N,rAS HoRSEn Of Fnuquier, and john
WILLIS OF Orange 10 whose high intelligence and fine
business Qualifications every member from that part OF
the Sa;e will testify the others. Of the President,
Mr. joins BARBOUR considerations Of dclicacy restrain
from speaking Ii the gentleman from Taylor is right
stands upon this point with the gentleman from
Taylor, on side aud VIM c. RwEs. HEsRY Danger
WILLIS, and J. barbour on the other, um quite will
Ing tor the House to strike The balance
will not trespn;'. further upon the attention Of the
House leave the bill TO lite fate. My duty Is perform
ed Whether tho bill falls. succeeds ut least have
the cons rlaon to know that have spared no labor und
shrunk from no responsibility connected with it.
LATER FROM EUROPE.
PORTLAND. March 16 The steamer North Anne
RIGA, from Liverpool, with dates TO the Sd of March,
has arrived.
The Arabia arrived on, on the 18Th Of February.
Earl Derby msde M inaugural speech in Parliament
lie urges the necessity Of continuing OIL friendly
terms with France. The reply Of England 10 The
French government, the question OF the political
cnuspirn;ors against Napoleou had been sent to Count
Wal.w.k. and further proceedings depend on his
answer. Canton having fallen, speedy pence in CHI
IA is anticipated. The Indian bill will profanity ia
modified The Parliamentary reform bill has been
postponed till the next session. The Directors oi
the Nor h British Bank have been sentenced to i'm
priscnm"nt for terms va'vng from three to twelve
months. Sever Gays later News from India states
that S:r Colin Csnphe was still preparing To march