The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-11-28

| ter hearing some OF the statements made oy
| Mr.. Aylett, to make some inquiries Of Colo
mel Fontaine, the president Of the road.
Did he not state at the meeting of commits
sioners at the Sulphur Springs that s., ,500,-
| 900 worth of stock had already been un-
: conditionally subscribed
! MIR. Davis, as one Of the directors, felt it
his duty to make personal explanation in
reply to the gentleman who had just taken
his seat. He wished it distinctly under
stood that he was not party to the pro-
ceedings referred to by Colonel Baldwin,
not having acted with the directors at the
White Sulphur Springs. ~
! (, Colonel Fontaine corrected Colonel Bald
wins statement. He had not said at the
meeting of the commissioners that s3,5OO,-
600 of stock had been uncoDditionally SUBJ
scribed.
Colonel Baldwin said perhaps he ought
TO have said that Colonel Fontaine said
4 available stock.
Colonel Fontaine: ''A most material
change!" He then proceeded to give on
account Of his part in the transactions at
! the White Sulphur Springs. He did state
that the amount Of stock named was avail
able, and go they were, and they are avail
able at this time. If there was any defect
in those subscriptions does that fact, or the
fact that the West Virginia commissioners
accepted them, make them valid now? He
made an honest effort to secure the bonds Of
| the city of Richmond and of the counties.
On the 9th Of October he had invited the
Representatives of the different counties to
meet him at Covington, but they had not
done so, with the exception of the repre-
sentatives Of Henrico, Allegheny, and
Goochland.
| Colonel Baldwin interrupted to call Colo
mel Fontaine's attention to the question
which he had asked Was the subscription
of Richmond upon the condition that S.
100000 be first raised elsewhere
Colonel Fontaine said that his friend Mr..
Aylett had been mistaken in that state
ment.
Colonel Baldwin asked, What about the
subscription of Fluvanna? Was it condi-
tional upon the building Of the short track
to Charlottesville 7?
Colonel Fontaine replied that it was upon
the condition Of the commencement Of that
work.
| Colonel Baldwin (the President) did not
so state at the Sulphur Springs meeting.
We relied upon his statement,
Colonel Fontaine had there the book
of subscriptions, which was placed at the
disposal of the commissioners.
Governor Samuel Price, of Greenbrier
advanced the idea that the counties of West
Virginia which had subscribed to the Chesa.
peake and Ohio railroad, conditionally OF
Internationally, were either stockholder!
or not stockholders. If they were no
stockholders, this was still the Virgins
Central railroad, and nothing more.
they were stockholders, he was at a loss t.
understand how this attempt could be mad
to exclude them. -z.-
Mr.. Page followed, charging all the com
plications now perplexing the company upoI
the friends of Colonel Fontaine. If h,
(Mr. Page) and his friends had come here
meekly and voted for Colonel Fontaine
there might have been no difficulty; but tht
work in which all were interested WoulC
have been at o stand still. But because
:. there was party that advocated the claim:
of a younger and filter man they hac
raised row, and now insisted that this was
the old Virginia Central, and that no new
D stockholders should be allowed to vote.
Mr.. Baylor, one of the directors, replied
to Colonel Baldwin's remarks. If there
had been anything wrong in the ncgotla
tions, Colonel Baldwin and his legal asso
ciates were to blame. 1t was their duty tC
: have inquired into the validity Of the sub,
scriptions.
Mr.. Mason, another director, begged
leave to say word. He had resigned be-
fore the meeting of the commissioners, and
was not, therefore, responsible for anything
= done at that meeting.
Mr.. Maury, another director, was pre-.
: sent at the Sulphur Springs meeting, anc
believed more than the minimum amount
: of stock was available. He deprecated tht
unnecessary and exciting discussions a
this meeting, in which he regretted to SET
= the citizens Of Richmond taking SO promi
} nent part.
/ Mr.. Lyons argued at length against tht
5 admission Of the counties named in tht
: majority report. Subscribers were not ne
: necessarily stockholders. They were no
stockholders until all the conditions Of tht
} subscription were complied with. In conclu
! sion, he desired to say that he would as sooI
believe himself capable of lying or stealing
as to believe that his venerable friend whC
sat near him Colonel Fontaine) would vii
, fully deceive any man living for any pur
} pose under the sun.
Governor Wise, of Richmond, with tht
kindest feeling towards them, wished t
hold his friends, Colonel Baldwin and Gov
manner in which they had discharged theil
} duties. If they had locked into the book:
, and seen the conditions Of the various sub
scriptions, would they have contracted tol
the. completion of the work
Colonel Baldwin said that the acceptance
of the subscription by the company made
} it valid, whether o good bargain or not
He would have acted just as he had i
those books contained available subscrip
tions to the amount of S3,000,00 which
= he now and then believed they did. Wher
he came down from the chair, he confessed
that he had, for the moment, thought he
had been imposed upon, but Colonel Fon
taine's explanation was perfectly satisfac
, tory.
after further remarks by Governor Wise
Mr.. Macpherson, Of the directory, stateC
that at the time Of the Sulphur Springs
meeting So, 100000 of available stock hac
been subscribed. There had certainly beer
no deception upon the part of Colonel Fon
taine.
Pending the discussion Of MIR. Lyons'
amendment, at fifteen minutes of y O'CLOCK
!, P. NJ. the meeting adjourned.
CHARTER GRANTED. - Judge Meredith
! granted yesterday o charter to George Nor
/ ris Nichol, Henry A. Wise, Alexander r
| Holiday, James D. Halyburton, VIM. W
: Crump, Bradley 7. Johnson, A. Noise, Jr.
Thomas j. Evans, 7. P. August, and Johl