The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-11-26

MEETING OF THE CRY CoUScIL.-An
adjourned meeting Of the City Council
was held yesterday afternoon. Present
Messrs. Mcfarland (president), August
Maury, Tinsley, Harvey, Smith, Scott,
Lee, Taylor, Styll, Mason, and Crutchfield
Chesapeake and Ohio Railroad.
The resolutions Of Mr.. Lee offered at
the last meeting were taken up and read
| again.
Mr. Scott proposed to amend so as to de-
volve upon the Chesapeake and Ohio Rail-
road Company, in the first instance, the
condition that they agree to build short
line between this city and Charlottesville.
| This amendment was lost.
Colonel August then offered petition,
signed by many leading merchants and
others of the city, asking that the follow
ing be accepted as substitute to the
| former resolutions:
RESOLVED, That polls be opened on the
- day of -, at the different places
heretofore used for voting in the city, for
the purpose of ascertaining the sense of
| the voters upon the question whether the
city shall subscribe 81, 100000 to the pre-
ferred eight per cent. stock of the Chesa-
peake and Ohio Railroad Company; such
polls to be taken in conformity with Gene
raj Order No. so Of General Schotield,
dated November 6, 1867, in all respects ex-
cept that thSvotes of none but residents
of the city be polled.
ResoLued, That if the requisite number
Of voters shall declare in favor of this sub
scription, no part thereof shall be paid, or
bond issued therefor, unless SO 200, 900 Of
additional stock shall be subscribed by re-
spcns;ble parties other than the city, or un-
less the Virginia Central Railroad Company
shall enter into an agreement or contract,
in proper form, with the commissioners
of Virginia and West Virginia to construct
the Covingtot and Ohio railroad, and that
for this purpose, if necessary, their whole
property shall be mortgaged, nor until the
| Chesapeake and Ohio Railroad Company
shall, by resolution, bind themselves to
construct what is called the 'short track
between Charlottesville and Richmond as
soon as the Chesapeake and Ohio railroad
is finished to the Ohio river: ind proUided
! further, That the subscription of stock
herein authorized shall be paid by bonds
bearing eight per cent. interest per annum,
at no greater discount than ten per cent,
and redecmabic at such time as the Coun-
Gil may determine, not exceeding thirty
years from the date of other iss ue.'
Mr.. Crutchtield offered resolution lay
| ing the resolution on the table until il
should have been ascertained what course
the Central Railroad Company intended to
take with view to raise the three mil
! lions which certain counties had failed to
subscribe. This was lost.
| Mr. Smith offered a series of resolutions
as substitute, differing from the others
by the addition Of the requirement of the
Chesapeake and Ohio and Virginia Cen
trail Railroad Companies, the execution
| Of joint bond to the city for the
amount received by them from the city
| the first bond so given becoming due and
payable - years from date of such bond
or bonds; and any other bonds given by
the said companies to the city of Rich
mond to be at such date and time as that
of all the bonds given by these compa-
MES to the city becoming due on the same
day and year as the iirst-named bond.
The second feature in which Mr.. Smiths
resolutions differed from the others was the
condition that unless the railroad should
be completed by the first day of January,
IS, the bonds given by the companies to
the city should be null and void and of no
force and effect.
Some discussion arose upon the substi-
tute of Mr.. Smith and the vote being
taken, they were lost.
Mr.. Macfarland urged the necessity OF
having some stronger guarantee for the con-
struction of i road towards which the city
was called on to subscribe 50 largely, and
he could see no objection to making these
conditions as binding as possible by stating
them in their fullest ard most explicit
sense.
He moved to insert in the second rcsolu-
ton, in lieu Of" "Ihc Commissioners OF Viz
ginia and West Virginia." the words the
Commissioners Of the Covington and Ohio
Railroad Company" and in lieu OF shall
by a resolution bind themselves the
words " shall bind themselves by bonds to
be prescribed by the Council"
! These amendments were, after some dis
cussion, accepted, and the substitute
adopted.
/ The question recurring to the original
proposition as amended, it was voted upon
with the ayes and noes with the following
result:
/ Ayes.-Messrs. Taylor, Styll, Mason,
Lee, Smith, Tinsley, Maury, August, and
Macfarland-9.
Noes.-M Messrs. Crutchfeld, Scott, and
Haryey-3.
Tuesday the 3lst of December was then
fixed as the day for the election, when the
substitute offered by Colonel August upor
I the petition of leading citizens, anC
adopted by the Council, will be voted
upon by the people.
Appointments for conductors and com
missioncrs of election were then made.
The Council then adjourned.