The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-02-04
apital-vill mot .be blind to their interest

capital-will not be blind to their INTEREST
In opening up short line of communica-
ton with the tide Of through travel from
the Southwest Uta East Tennessee. AS 70
your interest and theirs, this AIRLINE ROAD
is Of consequence too palpable; but u those
interests are to be subordinated to those OF
the Danville road its construction may oe
matter of more questionable PROPHECY.
Maintain your independence ana ~he4
your road once reaches the Chesapeake,
indulge sanguine hope that you may DC
able to control, through your connectlng
roads upon the Eastern Shore, sufficient
amount Of capital to enable the friends OF
this air line road to hasten it forward to o.
speedy completion.
With these views, then, Mr.. Chairman,
I am not prepared to entertain favoraoiy q
proposition which holds out to the DanVllie
road the hope of our surrendering future
prospects so fattering to your stockholders,
and opportunities of usefulness SO valuable
to this community, as the price of their
assistance in the accomplishment OF WORK
necessary to them as well as toyou.
would have the Danville Company to un-
derstand, and would give them every as
surance. that heart and soul we would JOIN
hands in expeditipg the completion OF this
great line of through connection, which
PROMISES to them and to us the same tide
of travel. If they have any aid to give to
facilitate us in our peculiar work for the
common benefit we will cheerfully accept
and gratefully appreciate it; and any price
which. er equo ct bono, they may be entitled
to, we will cheerfully pay.
am satisfied that the adjourned meet
ing. if held, will not result in anything
more satisfactory to the Danville Company
than NAV be attained by negotiation With
our Board of Directors and apprehend
that the only result of the adoption OF
Colonel Guilds proposition will be to de-
lude the friends of the Danvllle Company
with visionary hope, and thereby to de-
lay them in lending such aid as their lnte-
rests concur with ours in emitting US TO
claim in the prosecution of our Work.
have, therefore, to propose, as substl-
tute for the proposition of Colonel Ould, a
preamble and resolution expressive OF our
sense of the Importance of the connections
with the Danville road, which we have
been considering, and their identity OF IN
terest with us in consummatlDg them with
the least practicable delay, and instruct
ing and requesting our Directory to nego-
tate upon the subject.
I have one reason, Mr.. Chairman, which
is very sufficient to my mind, for being un-
willing to go farther. I am here as one OF
three representatives of the State of Vlr-
ginia, and as such we are in m inorlty OF
this body. The interest which we repre-
sent is, in amount, largely in excess OF the
entire private interest, and nevertheless,
upon any question submitted to this meet
ing, we are liable to be out-voted. 1t is
very different in your Directory. In that
body the State of Virginia appoints ma
jority. That majority are deputed by the
same authority in behalf of whom am
commissioned to speak here. l am not,
therefore, Mr.. Chairman, willing to assume
for myself the prerogative of controlling
them in the discharge Of duties with which
they, and not my associates here and my
self, are delegated. They might well say
to me, as, positions being reversed, I should
assuredly say to them: We do not recog-
nize your right to control our action. When
we feel that we need advice and direction,
we will seek it, not from you, but from our
common superiors, equally accessible to us
as to YOU" And while I will not assume
such power for myself, never will, while
represent the State of Virginia here, re-
cognize the right Of the other stockholders,
constituting a majority of this body, to direct
and shape the action and deliberation of
your executive body, in which the laws Of
the Commonwealth and your charter Of in
corporation reserve to the State Of Vir-
ginia a controlling voice whenever she may
choose to exercise it.