Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1868-08-28

other equally polite expressions that occurs
further On ia his communications, when re-
ferring to our statement as to the value OF
the stock "under the very shadow of bis
sagacious nosen let him enjoy il. The Jun
ior editor is a minister Of the gospel, and
has ever eudeavored to treat all of every
class, with becoming courtesy, but claims
as II public journalist, that he has right
as "A citizen, and one interested in the pub
lie welfare, to give his views upon any, and
all subjects, in which the pubilc IS intereS-
ted in "a respectful manner, and thinks him.
self entitled to the same respect from others
IN noticing any remarks he may think prop
or to submit. He holds that he used no
improper expressions in the article "a
Stakeholder" processes to review. Aud
again it "a Stockhoder" can derive any
satisfaction in his very discourteous anmad-
versions upon the Junior editor Of the Nir-
ginian, let him enjoy II.
We again assert that, "beforo the sub
ject Of consolidation was agitated" the stock
OF the Va, & Tenn,, Il. r. iCgS worth irOm
80 to 80 cents in the dollar, the contradic-
ton OF "a Stakeholder to the contrary
Notwithstanding. "Stockholder" says, che
cannot find II SO quoted during the months
proceeding the meeting of 1861" Will
"Stockholder" say when the subject was
FIRST agitated-- was it not during the months
preceding the meeting Of 1866
We k7toU of stock sold in Oct. 1866 at 30
cts. in the dollar. There is gentleman IN
Abingdon who was offered 32J2 for his
| There is a gentleman living in This county
! who sold his to banker in Richmond be-
| fore the passage of the consolidation bill by
| the Legislature Of Va, ut 40 cents in the
! dollar, to whom that same banker offered
| TO resell that same stock, after the passage
of that bill, for 80 ceuts in the dollar.
Washington county owned touring the
months proceeding the meeting Of" 1860,
stock that cost originally $500, $4,000
worth of which stock by en- order OF the
| county court was directed to be sold, but
not for less than $50 for each share, sub
! sequennlly the whole of the county stock
was thrown upon the market. Mr.. Ddbney
! of Lynchburg, took $4,000 OF the stock at
! $50 the share in part payment Of the cost
| fOr cages for the jail. Messrs. F. b. Hurt
! s. Bros, OF Abingdon, bought 5000 of the
stock at $50 the share, aud the balance
| S24, 400 was sold in Baltimore at SIS per
| share the people of Washington county be.
ing thus compel ed t pocket less, on III
latter lie, as compared With the lolmer Il
| ,22O, aud all for consolidation.
When we gave the price ot stock on the
18th inst, at Is cents on the dollar, we cop.
led from the quotations Of the Lyuchburg
NeirS of the llth inst, Che paper can be
seen, we presume, by calling at the NeloS
| office, Bristol.) Sorry we did not agltate
the question sooner, as our notice has lad
the effect, We presume, of increasing the
value of the stock very percepubly.
"a Stakeholder" further remarEs-"The
Virginida has strangely omitted TO publish
any speculations as to the value now, and
then, OF the Company's bonds, the extent
now and then OF the Company's business,
the substantially of the CUmpany's pay
ments. Why this neglect 81" We reply
lst, in regard to the bonds, that we only in.
tended then to call attention TO the value OF
the stock.
But, as 4 Stakeholder" desires the val
ne of the bonds of the Company, we will
: give the best information We have at hand
The value of the lst Mortgage Bonds is
given in the LyDchburg Relrs of the llt1
of August, at "a cents on the dollar 2nd
Mortgage bonds 62 cents and S per cent
bonds at 6Zls cent. The Richmond
t Dispatch quotations Of the 22ud of March
, 1867, give "Virginia & Tennessee r. r
BONDS 60D75." We should say, from the
: exhibit, the "value Of the bonds has ad
vauced" backwards with vengeance
Such advances as this, will certainly en-
nance "the value of the bonds" to n very
= valuable price. Is "a Stakeholder" salts
fed with such an enhancement.
9 We are wiling TO admit an increase il
= the Company's business, but question hai
puzzled us exceedingly, as the line is con
solidated, practically, not legally,l from
y Bristol to Norfolk. What share OF the re
: ceiplS for freights is paid the Va. Tenn
I II. X. Co. Tor ITS share OF transportation ?
I Tue road from Bristol to LyuCbburg il
2O4 mites. From Lynchburg to Norioll
c the same distance. Upon an average i
4 car loads Of Cotton were transported owe
the Va. 4 Tenn. Il. Il. each trip, with en-
gines of great power, from Pamplin's below
Lyuchburg on the SouthSide Road, 30 ca
loads each trip are, with engines OF les
power, hauled 10 Petersburg and from Pc
tersburg TO Norfolk 40 car loads each tri
are hauled with engines of comparatyel
small power. We ask again. What Shar
~ OF the receipts, for relghts, is paid the Va
If 4 Tenn. Coz The Va. y Tenn. r. II. CO
n works four days to supply one days trans
is portation on the Norfolk s. Petersburg i
d Il. Is the Va. & Tenn. h. Il. Co. paid &C
p. cordiug to the cost of transportation, or
D. the Company paid according To distancC!-
n Will "A Stakeholder" answer
p As TO "the substantially OF the Comps
re ny's payments" We have but little 10 sa
/ at present. We are gratiied to hear thu
s. the Cowpany's payments ON present COZ
n tracts are substantial and satisfactory. n
IA one regretted more, We presume, than di
as Col. Owen, his Inability 10 meet prompt
r all the liabilities OF the Company but whe
A il is remembered that at the terminate
n. of the terrible conflict between the Unite
a. States and the Confederate States, the vi
me- giuia & Tennessee Railroad Company w
,fi
rolling stock and many OF its engines d
IN stro> ed, us bridges destroyed, crosS-ti
of burned, iron destroyed, aud the road b,
As in many places oblteratvd, should the
u.s. be any surprise, as extraordinary eApeuS
ye | were necessarily Incurred IN rebuilding q
M road, that Col. owen was unable To me
a. tbs obligations OF the Company, and partl
us uhrly as the interest ON the bonds OF q
ms Company had 10 U0 met In order 10 pg
Ns serve the credit Of the Company. Al
pt. was il not auecessary sequence that hea
he doauug debt should be created, WHIT su
ri lmmmense uutlays We're necessary IN {
sy rccouStvucuou oil the lOIdi We are 81
We priSed that "a man of the high business ch,
m actor oI "A Stakeholder" should have
Sc luded to the floating debt, left as an iahe
ir- lance To Gen. Malone and that il shor
av have been seriously introduced into his /
Ar, lice Of our own grticle. Indeed We rtga
SECS every thing, other than notice Of our D
IL ereuce TO the value Of the stock, as IRE
OF want and tar fetched, aud only lugged in
zen divert attention from the inevitable conc
his sion OF every Intelligent mau, that the {
We probation OF the Stock OF the road is 50
,k- Is Attributable 10 consolidation.
ill., We deny that ",lc bonds of the Va
m Team. r. X. have appreciated the mari
rs" from 10 10 II per cent. since the iuaugn
di- tIuu OF the new poucy,' aud refer 10
,ck uuotatiauS given above. Since the iaau,