Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1869-08-06
kn. ANAL ts-j
RAILROAD.
MEETING OF THE STOCK.
HOLDERS.
Important Proceedings
SeUen Millions of Dollars Sab
srtOed on LinE d Co.
A Competing PrOpo ition by GeneraI
InnlotBcn Rejected.
THE ROAD TO BE BUILT IN TWO
AND A HALE YEARS.
BUT A LINK BREAKS !

DANvlLLE, Va, July %. 1867 To-day
Danvijle is alive with excitement and glow
ing with hope, because of the prospect Of
the sure completion of the Norfolk and
Great Western railway ut an early period.
see here the faces of solid and substan.
tial men from every county along the line
of road from Norfolk to Bristol except
Meckenburg. The Richmond press, save
by this writer, is not represented here at
all. Capitalists and the representatives of
capitalists. who WELD miHions of money,
are here from Philadelphia, New York and
cities beyond tile sea. They are here to at
tend the second annual meeting of the
stockholders Of the Norfolk and Great
Western Railway Company.
At IL NJ. To-day the meeting was called
to order by the president of the road, Col
onel Thomas S. Fournny, on whose motion
DR.. Thomas z. Atkinson, Of Danville, was
made chairman, and N. Talley, ESD, sec
retsry.,
On motion Of William Martini, Esq, Of
Henry COUNTY, committee of three was
appointed to ascertain the amount OF stock
rep resented in the meeting. The cJmmit-
tee soon reported through it's chairman,
mir. Martin that 81 100000 Of stock was
represented, and that Messrs. X. G Link
& Co. claimed to be stockholders to the
mount of $7,010,000 more. They had
rendered this amount OHsu5scription to the
treasurer of the Company the day before
and offered to pay $780, 900 in cash, that
being the ten per cent. required by the by.
laws Of the company 10 be so paid. The
question as 10, whether Messrs Link & Co.
were stockholders, or should lie allowed to
become such, was by the committee referred
to the meeting; and Messrs.. II. q. Link
and-Levy, Of their firm, being present,
they were requested to explain their objects
and purposes in making so large a subscrip-
ton.
Mr.. Link, WHO is seemin gly not yet TWEEN
ty-fve years of age, in speech of some
twenty minutes, which was rs concise and
as much TO the point as any | ever heard
explained fully the psrposes of his company
and their ability to carry them out. His
firm was an exte rive one, ofample means,
aud had been engaged largely in railroad
building both on this Continent and Eu
rope. ROLES c. Link & Co. was .he name
of tie company in Philadelphia. but this
might be considered only n branch Of the
| parent house, which lad its headquarters
| in London. His company had been attrac-
ted by this magnificent scheme of railway
i from Norfolk to Bristol, which was, in his
judgement, the grandest railroad scheme Of
scheme that ever entered the mind of man.
| As early as last January, he had visited
Danvile, and again in February, also, and
each time he had proposed to the President
and directors to subscribe to the capital
stock of the company u amount sufficient
to make his company absolutely the con-
trolling power in the road He was frank
to say that the Norfolk and Great Western
railway, if managed properly, presented
the finest opportunity in the world of re-
turning TO it's owners magnificent revenue.
With this view he and his company propos-
ed TO invest in it to the extent indicated by
their subscription, an amount which they
thought amply sufficient to complete the
road through from Norfolk TO Bristol by
the LIST dry Of January, 1872. They had
no connection with, and were not in the in
terest of any other railroad whatever save
in the line of railway from Memphis to Fl
Passo. and they desired to possess this road
only because it was the last link in the
chain of road that in less than three years
would extend from Norfolk across this con-
tnent to San Diego, on the Pacific, and, by
shipping from Norfolk and San Diego, to
the ports of China and Europe, and ulti-
mately belt the world The road, he said,
should be built in the most substantial man
ncr the line should be as straight as pos
sible, the rails should be of steel, the
bridges of iron and the grade easy, SO as
to bake it the carrying road of the Con-
tinent. The money subscribed, portions OF
which, he understood, had been paid IN by
the counties they did not want, and would
refund Tbev did not want n copntv bond
mill tbeybod comnIotod tho rood ,i,uo,,,,t
A. pris,cI
r. m;-h, .oo,,, % SOMA -. ;,,,,o..,,,e 49,
dar,ak;Sr,'..~ ea.,,Ia,a ocs Ill 20 IL,
T.. Ii,,lS 80 NJ "'..e' VI re''"
~, 30 Ie. 100 NV ga. ,'a,' auu "ai.
Sasr,v hals XIII a. VI r, .uo ,as "a
ha.s,,,Ia s ~ in"s " :
1900 .,1 10 ,n h,,,a "us hs mno
uoSpsoa "ou.u, - my ven' ,eu nr's' su'c-
uo'o"1 uonnaone WIon 40 toiu tnem
CT iioui y NV nopp"y msn uon
~ n's nrn' o was .no SAM ulNn wI", IN guy
ley, uu,'. Hoo n'mes VI 'no nNan,Ic anu
. lice. Mes.ern runway. as NJ earnest OF
~ pu,pu ,ha nr,, =. had ,.;,h h;.,
-, ~ m,,,,n eson Gao ~, n',l'
wh,nb 40 ,hoi, snhsar;v,son - ao,,saS
wnnId he ,wr,,od 90. ;,,'',.S;a,al. ~, ~,
,rasanro. ~ ~ Ma.c.,i' - g., w.
arm RaiIwsy Coonsnv
!
upon TINS conclusion o, Mr.. LINKS
speecn the nleetng grew VIVA WIN dengn'
Iue msns hco,ny .. p"1pose was p'Ain,
his ahilitv1
wi '1eIu'y ea'ue 'o.waru, u, respnnse
~ eau W .no s'ockp % YER, ana rtmlnu,
4 w s ,ne Io" y tnat !, 'ne suuscr'pt.un =,
~. -, Nj - , ,hn w; weIo scuep.sn
n "oS S !, uo ,%S 1ou'o s po"rr ~ sns
4 Yiroinjans for, yer II Link 81 Go so willed
he eloonentIy ureed the meeting 10 con-
slider the proposition. and n in their indg.
ment thew were satisfied that @. LINZ
1 & Co. pnrposed and were really able 70
build the road: then to accent Il without
hesitation. unless the scheme which Gen
. Imboden was present TO pronose pronoised
5 better results more speedily He told the
company that no matter which scheme was
adj, bed the control Of thee Smnany would
doubtless pass from those who had hpreto.
fore managed and directed its operations