Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1868-11-04
Alexandria, LOuiIOun and Hampshire
Railroad.

i
the Alexandria, Leudoun and Hampshire
Railroad Company was appointed to be held
to day, but in consequence Of the absence of .
quorum no business was transacted.
The stocl holders present assembled at the
Office Of the company at II O'Clock this morn
ipg, when Mr.. W. H. Gray was called to pre-
side, and Mr.. r. Johnston appointed Secretary.
MesSrs. II. Johnston, R. II. Miller and j.
NJ. Orr were appointed committee to examine
proxies, who reported that there were but 489
shares represented in person and by proxy,
and that 1924 were necessary to form quorum.
Upon this announcement Mr.. Mckenzie
moved that the report Of the President and Di
rectors be read for the information Of the stock
holders present, but not made part of the re-
cord, which motion was opposed by Col. G. d.
Ball, but adopted by the meeting, when the re-
port was read as follows
THE BOARD OF DIRECTORS of the Alexandria.
Loudoun and Hampshire Railroad Company
respectfully submit to the Stockholders their
ninth annual report.
Under the authority conferred upon them by
| the general meeting held on the 18th OF June,
| 1867. a Committee OF the Board, with Reuben
Johnston, esq, Clerk of the Company, con-
Guided an agreement with the Board OF Pubic
| Works for the purchase of the interest or the
State of Virginia in the Stock of the Compa-
nv. This agreement, being considered highly
advantageous to the Company, was approved
bv the Board, and deed OF trust to secure
the amount to be paid for that interest has
been duly executed and recorded, and the
transaction has been closed by transfer by the
Governor. in due form, upon the COmpany'S
books, of "all Stock held and owned by the
State of Virginia" in the Company.
Under like authority, and for the purpose OF
providing the means for extending the road
from Leesburg Westward ito point Ia
Hampshire county West OF PaddytoWn,
bonds have been prepared, and mortgage
executed and recorded upon the Company'sS
! franchise its road, and all other property, real
and personal including its rolling stock, mo.
| tive power, machinery, fixtures, equipment
and appurtenances, now held and constructed,
or hereafter to be held and constructed, to Sc
cure the payment Of the interest and principal
Of said bonds, to the amount IN all OF S8,OOO,-
OO0-an amount which was deemed to be suit
fcient for the purpose The Board appointed
| Messrs. Henry d. Cooke and Moses Kelly
trustees in the deed, who consented to serve.
They are both gentlemen Of high character
and standing, and the Board consider them
selves fortunate in securing their services
The provisions of the deed are carefully drawn
and ample in their scope; and the Board be-
leve the security, IN form and substance, TO
be ample TO give assurance OF the safety OF the
amount proposed to be issued. The bonds are IN
sums of $500 and $1,000, and bear seven per
cent. interest, payable half yearly Oil the first
of Nav and November, in the city OF Wash
incton. None of these bonds can be issued
but by express order of the Directory, and the
great care and caution which will be exercised
bv them, as we'll as by the trustees, ought to
be regarded as an additional guaranty OF their
safety as an investment Under an order OF
the Board of the 10th OF August last, passed
IN conformity with the provisions OF the deed
The trustees have signed and delivered to them
/ bonds TO the amount OF 100000
The authority conferred upon the Board
bv the general meeting OF June 18th, 1867,
to make special issue OF bonds to the
amount Of $4,000 payable in 1870, TO aid IN
completing the road to Mercier's, has been ex-
ercised by the issue OF such BONDS, bearing 10
ner cent interest, payable half yearly-the cou-
Mons receivable in payment of all dues to the
Company, as we'll os the principal, when due.
The Board had reason to hope that these bonds
would be readily taken by farmers and others
upon the line and in the vicinity OF this extern
sion; and under the influence of this hope.
they have caused the work to be commenced
and prosecuted with some energy and with all
possibe economy, under the sklltul and eth-
cient management of n. Hayes, ESQ.,, our Mas
ter of Machinery The track has already
reached Clarks Gap, the gate OF the rich
CatOctin Valley, where we are erecting the
necessary Station accommodations and the
track-laying is In progress tor the remainder OF
| 4 =, xry,ll ar
be completed during the present month. Here
we will attract and accommodate the trade and
travel Of an extensive rich and thriving region,
which viii contribute largely to the company
| traffic and income. This expectation has stlm-
ulated the Board to press the work to MERCER s,
notwithstanding great dIscouragements as re-
CARDS the anticipated demand for the bonds.
Tofaclitate trade and travel, to induce settle
ments, and otherwise to aid in building up the
true interests of the country on and within
: reach of cur line, two passenger trains day
are now run, leaving Alexandria at a. m, and
D. M, and LeeSburg at Z a. NJ and l23 p N.
The experiment OF a second train has thus far
been successful, and has enabled Us, IN great
degree, to dispense with an extra freight train,
] without diminishing the necessary facilities Tor
} that branch of traffic Both these trains will
be continued; and we look for large increase
oil trade and travel the next season. Commu-
tation tickets are issued at such rates as must
insure, during the summer months, large and
increasing trayel, from Washington city, OF per
, sons having business there who may desire to
spend the hot season in a healthy country, and
must induce an iucreasein thefixed population,
esnecialy Of the agricultural class, thus con-
tributing to rebuild our waste places, and open
to prodaciivencss much land now lying idle -
Land is still selling on aud near our line at
rates which, considering the superior facilities
TO the pest OF markets, may be regarded as
very low.
r There has been much said by the people and
city authorities of Georgetown about direct
r Railroad connection with our road. At q
meetiog of the Board, on the 10th of August,
last, this company agreed to make survey
Jointly with the authorities of Georgetown tol
,, the purpose Of asccrtaining the best route ioi
such connection. Nothing was heard from
them, of definite character, on the subject
~ = boli he, hove hon