The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-09-25
PETERSBURG, September "a, 1868.


A general meeting of the stockholders OF
the Petersburg Railroad Congratulated
to in advance in late letter-was held in
the Council chamber to-day. 1t was called
| bv order of the Board of DIRECTORS to take
into consideration the propriety Of consoli-
dating the debts of the company. The
meeting was well attended, and lively
discussion ensued concerning the recon-
mendation of the Board. Finally, q reso-
luton was adopted-but not till the city
proxies had changed their vote-authorizing
the proposed measure. 1t was in the fol-
lowing words:
"Resolved, That the Board of Directors
of the Petersburg Railroad Company be,
and they are hereby, authorized to issue
coupon or registered bonds not exceeding
five hundred thousand dollars, bearing in
terest not exceeding six per cent. per
annum, in the discretion of the directors,
and payable semi-annually; the bonds to
be made payable at long dates by mortgage
on the property of the company now exist
ing or hereafter acquired, with the net in
come, tolls, and receipts Of the company !;
the bonds to be sold at such discount as
the Board may find to be necessary and
proper, or otherwise used by hypothecation
or exchange Provided, That none of said
bonds shall be disposed of by sale or
exchange at rate less than eighty cents in
the dollar"
The total Indebtedness of the company
is stated in President Golfers report to be
S26S 1000. 1t is estimated that the differ
ence between this and the sum voted as
above will be needed to rebuild the Weldon
and CASTOR bridges, which the Board Of Di-
rectors contemplate doing as soon as the
means can be provided.
The Board of Education are diligently
arranging matters for opening the free
schools on the lst of October. 1t is under
stood that all the teachers have been
chosen, and most of them examined.
Those for the colored schools were elected
last night, but the names are not officially
announced. 1t is known, however, that
the selections have been made from among
our own people. Major Giles Cook, an ex-
Confederate officer, and very competent
teacher, has been elected principal of the
largest school, at salary of $3.50; and
ladies of excellent position and attachments
have been chosen for other places in these
schools at salaries varying from $500 tc
$500.
The colored schools under the auspices Of
the city will have formidable rival in the
one (St. Stephen's) established under the
patronage of the Episcopal Church. 1t vii
be provided with competent corps Of
teachers, the principal being Philadel
phia lady, who has been engaged at salary
of Sl,lO0. If, with all these advantages
negro children should fail to make progress
in learning commensurate Herewith, thei,
inferiority must be admitted even by those
who believe in the equality of the races.
The term of the Hastings Court closed to-
day, and tomorrow morning the officers
will take over the following convicts to ths
penitentiary David Brown (negro), sen
fenced for five years; Parthenia Francis
(negro), sentenced for seven years Will
liam Weaver (negro), sentenced for five
years John B. Pelham (negro), sentenced
for five years; Andrew Cary (negro), SEN
fenced for two years William johnson
(negro), sentenced for FIVE years. S.