Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1867-07-16
reported a series of resolutions which we're

ness, reported series of resolutions which were
read.
On motion, the Convention proceeded to con-
slider the resolutions seraatam the Isl resolution
was as follows: s.s
Resotved That this Convention earnestly rec
ommends thai at least five millions OF dollars be
raised by subscription of stock to enable the II
ginia Central Railroad Company to fulfil the con-
tract entered into conditionally with the Commits
sioners of Virginia and West Virginia, on the
oath of May, 1867-that at least two millions, five
hundred thousand dollars should be raised in Flr-
ginia and at least two millions five hundred thous-
and dollars in West Virginia -
Mr.. Price moved to strike out the words and
at least two millions, five hundred thousand dol
lars in West Virginia"
Col. Fontaine moved to amend the amendment
by striking out from the word that which fol-
lows 1867 to the word dollars inclusive.
long debate ensued in which number OF
gentlemen took part Finally Mr.. Lee, of Rich
mond, moved that the report be recommitted
On motion, Mr.. Ly ons was added to the Com
mittee on Business. The motion to recommit was
| carried.
On motion of Gen. McCausland, the names Of
the delegates from Ohio were added to the COM
mittee on business, viz: Geo. W: jackson, DR.
G. w. Levisay, Capt. John A. Robson.
On motion the convention adjourned to meet
at O clock, P. M.
EVENING SESSION. -
Pursuant to adjournment, the Convention as
sem DleQ at o CLOCK 4. III.
Mr. Caperton, from the committee on business
to which the report of the morning had been re-
committed, reported the following:
Resolued, That this Convention earnestly rec.
ommends that at least five millions of dollars be
raised by subscription of stock to enable the Vir-
ginia Central Railroad Company to fulfill the
contract entered into condtionally with the com.
| missioners of Virginia and West Virginia on the
24th Of May 1S67-that at least two millions five
| hundred thousand dollars should be raised in
| Virginia, and at least two millions five hundred
| thousand dollars in West Virginia.
| Resolred, That the Legislatures of Virginia and
| West Virginia be petitioned by the Chesapeake
and Ohio Railroad Company lin view of the in.
fiuence its work will exert favorable to the in.
crease of revenue to the States) to pass acts ex
empting from taxation the entire property of the
| Chesapeake and Ohio R. r. Company including
such lands as it may acquire in payment for sub
seriptions of stock or by purchase during the pc
riod of ten yes after the completion of the road
| to the Ohio River
Resolyed, That it be recommended to each
county to pledge itself to settle all claims fol
| land damage in the construction of the road
within the boundary of each county.
| Resolred, That il be recommended to the coun
| ties of West Virginia to subscribe for not less
| than the following amounts of per cent pre-
| ferred stock of the Chesapeake and Ohio Rail
road Company payable in per cent county
bonds Off required by the counties) convertible
into preferred stock-the bonds to be received BY
| the Company at a discount of not more than II
per cent;