Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1867-05-31
The meeting of Stockholders Of the Va.

The meeting of Stockholders Of the Va.
Central R. r. Co., held in Richmond last
week, authorized the President and Direc-
tors to enter into contract with the Com.
nissicners of Va, and West Va, to com.
plete the Covington and Ohio Railroad
The contract was signed on Saturday last, by
the Commissioners of Va, one of the Com
missioners Of West Va, and President Fon.
tame, for the Va Central R. r. Co.
The other Commissioners of West Va,
though approving the contract, stated that
they felt it due to attend meeting of the
West Va. Central r. r. Co., which was
chartered to construct road on the line Of
the Covington and Ohio R. r., from the
mouth of Big Sandy to Charleston, Kanawha
This meeting will be held in Wheeling or
June Ord, at which they suppose some prop
osition will be offered which will relieve the
Covington and Ohio from the complication
which might grow out of chartering thai
company to build road on the line of thu
Covington and Ohio, and that after thai
meeting they have no doubt they will sign
the contract This contract guards the Va.
Central R. R. Co., from any liability or out
lay until 100000 are raised in subserip-
tions of stock, (Which are believed available, J
and as much thereof as may be needed is ex-
pended in completing the road to the head Of
steamboat navigation on the Kanawha. The
contract further pledges the entire property
of the consolidated roads, east and west OF
Covington, after the completion Of the road
to the head of navigation on the Kanaacha,
for the completion of the road thence to the
Ohio, and guarantees the Stockholders in the
Covington and Ohio R. r., an annual pre-
ferred dividend of s per cent. after the COM
p7etion of the road to the Ohio.
It is thought the preferred dividend will
be sufficient inducement to capitalists, to raise
the $4,000, 900 in months, the time re-
quired. 1t will be seen also that the Central
Railroad assumes no liability until the road
is completed to the Kanawha, when it can
readily assume and pay any liability. Cap
italists will doubtless subscribe to this stock,
promptly and literally, but we must put our
shoulders to the wheel also. In this connec-
ton we commend to our readers the follow
ing letter taken from the g Enquirer"
We have received the following from one
of the most energetic and wide-awake Of the
citizens Of Virginia. Enquirer.
SrAuNroN, May 25, 1867.
Editors of the Richmond Enquirer:
Gentlemen-Now that the stockholders Of
the Virginia Central Railroad Company, ir
their recent meeting, have authorized The
President and Directors of the company tt
contract with the commissioners Of the States
of Virginia and West Virginia for the COM
pletion of the Covington and Ohio railroad
the Importance of that great work should be
diligently impressed upon the people Of the
State.
would suggest, as the most speedy means
of having the stock subscribed, so as to ena-
BILE the Virginia Central Railroad Company
to 90 on with the work, the holding of pub
Tic meetings, say at Richmondsso on the 18th
day of June, at Louisa Courthouse on the
18th, at Charlottesville on the 22d, a
Staunton on the Oath, at Covington on tht
list of July, and at Lewisburg, West Virgin
ia, on the 10th Of July next. understand
similar meetings will be held in West Vir-
ginia, commencing on the western end o.
the line. 1t is important that Richmond
should move in this matter, in this or some
other way.
Yours very respectfully. H.