Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1869-08-06

NVIthy Ifcsluent, MS company proposed |
10 form partnership with the Norfolk and
Great western Company TO build the rail |
road, to people tho country for twent,
miles on either side Of the road with sub
staniial immigrants from Europe, to relieve |
Virginia from negro domination,
and to- continue the road in the manage |
ment Of those In whose brain Il was first |
conceived. To Virginians belonged the
credit of its origination, and by his plan,
to Virginians would belong the profits aud
control of the road. He did not know
Link & Co. He had never heard of them
or their proposition uutil this morning, but
though now temporarily resident Of New
York city, he yet had sufficient interest 10
Virginia TO Justify him in warning this
meeiir to think wei and long before they
voted the road ont of their control fore yer.
Link & C>. might be all they claimed
They had not yet shown themselves TO be
so. Tho payment of the 100000 was no h.
ing. Pay 1t to-day, and Tomorrow, | eing
in control Of the company, they receive
II back again. What was a million of dol.
lars to John Garrett, or to the Peunsylva.
MIA Central, that they should hesitate to
pay 1t TO prevent the building of the Nor.
folk and Great Western railway. The road
from San Diego 10 Memphis was a Fixed
carrying of the freight and passer gers to
the Atlantic seabosrd would begin. Pre-.
vent the completion of the Norfolk and
Great Western railway, and the Baltimore
and Ohio and the Pennsy vania Central
must necessarily form the eastern link Of
The Southern Pacifi 5. They could sf;rd'
TO give untold millions TO secure that trade,
and would do 1t.
AT the conclusion of General Ifntoden. s
remarks, which were listened 10 attentive.
~ throughout, Mr.. Pretlow, OF Soutbamp.
ton, cffared a substitute for the resolution
Of Mr.. Martin, Of Henry, to the effect thai
a committee be appointed TO consider both
schemes, aud to contract within thirty days
with the party whose scheme they deemed
most advantageous.
|, The substitute Of Mr.. Pretlow and the
scheme of General Imboden we're severely
commented on by George W. Read, ESQ.
of DLnville, one of the directors of the
Norfolk and Great Western Railway Com
paDy, and by Judge Robert Ould Of your
city, of the firm of Onld g. Carrineton. of
counsel for X. @. LUX & Co. Mr. Read
argued strennonsly against the adoption of
General lmboaen's plan.
Alter some further remarks from Col.
Flournoy, in which he begged the stpcK
holders not to permit regard for him or his
individual interests to weigh one feather In
In making up their minds as 10 which
scheme they preferred, Judge Ould gave
to the meeting the amplest assurances OF
the good faith and ability of bis clients n
G. LINK s. Co., to perform fully what thew
had promised. Judg. BtId did not choose
10 say one word against the scheme Of Gen
Inboden. He felt II, however, a pleasant
duty TO defend his clients against the iusin.
ustions that had been thrown out by Cen
Imtoden. He knew that they bad no con.
nection with tbe Baltimore and Ohio Or
Pennsylvania Central railroads. II was
time anyhow that tho "raw head and
blot dy-bor es" bugaboa, OF the Baltimore
snd Ohio railroad buying up Virginia rail.
roads to prevent their construction was
stopped. lie knew John Garrett well. and
and knew him to be too clt Sc and too stingv
10 give eve MS 900 to defeat the constrnc-
tion Of Any reed. Eook at the Chesateake
and Ohio road--certsinly rival of the
Baltimore and Ohio. Had Garrett given
anything to defeat its extens on to the
Ohio and the Yves = Look at the projected
Valley railroad, which Won certoiniy con.
tribute largely to the carrin trade Of
CARROTS road. Had not Garrett spurhed
the solicitations even OF Robert Lee in
that matter To what railroad has Gar
rett ever contributed one cent, either TO
complete or to obs'ruct itS As TO Gen.
Imboden's point that the railroad would
not benefit this country uni IS the emil
grants were brought here, IL was suffice Mt
answer to say that the emigrants never
would come until the road was buiF. Gen
lmboden had been active ever since the
war ended, but what single emigrsnt had
he ever brought to the section Of country
trayersed by this road What emirranr
| could be ever bring, natil he could give
positive assurances of the speediest com.
! pletion of the road Build the railroad
and all conceivable material blessings would
| follow in its train. Accept the proposition
Of r. Link & Co., and there could bs
no doubt that by the 1T Of Januaty, 1872
the grandest railroad project ever conceiv-
| ed wouli be carried fully into execution
Aud why not accept i'll Why doubt il p
| Didn't they have with them the "spondu
! lies" to make good their subscriptionH He
had seen the 'rhino" HIMSELF and knew
! that it would be paid over imm ,diately.
| At the conclusion ofJudge Guilds remarks
the vote was taken first upon Mr. .Pretlow'
substitute, which was defeated by an almos
unanimous vote. The vote was then takel
by scale on the resolution Of Mr.. Martin
OF Henry, permitting Link & Co. to sub
scribe 81, 900, 600 20 the capital stock of tn
road. 1t was adopted with two dissenting
voices, "t
The stockholders then udjournd to to NOR
| row at 10 A. NJ, when officers Of the Com
pany Will DO elected. There is good dea
of business TO be done, however, such a.
turning over the books of the old Company
auditing the accounts of the old officers q nc
! M M in e. 4
Il Co., can get straight to work, We ar,
assured that his can and will be done RICH
away and that in sixty days Link & Co
will have y thousand laboYers at work upoI
the road.
Despite the efforts of petty men to bin.
der and delay it--despite the ridicule which
the same petty men have heaped upor
Colonel Flournoy's visionary project, tn,
completion Of the road by january 1872 il
fixed fact.
Very truly you're; w.
The Danville Times says" ~
The meeting then adjourned TO NEE
Thursday morning at 10 O'clock,
When we wrote the above, we were il
high expectations that there would be NJ
difficulty in the matter of the the snbscrip
ton of Messrs. ROLES o. Link. g. Co. Sine,
then, things have taken different turn
from what We expected.
The meeting met Thursday morning and
adjourned i nothing being done on tina
day.
On Friday, the stockholders met agar
about ] o'clock. CO... Flournoy reat
resolutions of the board, to the effect, that
inasmueh as II. q. Link C Co had beer
applied TO, to pay two per cent, on theii
subscription, and refused so 10 do, thei
name he erased from the subscription bockl
Of the company.
long discussion arose, in which 1t wa
stated by counsel Of Messrs Link & Co.
that the reason why the above resolution
was introduced was til at the former refused
to pay the debts of the company (amounJ
Ing to s25. 00O,) before they were audited
On the other band it was oonte nded tina
they had been properly audited.
WE learn that upon examination j