Norfolk day book. [volume] (Norfolk and Portsmouth Va.) 1868-1880, 1869-08-02
RAILROAD CONSTRUCTION SURE.

nA1LhOAO CllNS 1hUUllONS SURE
The building Of the Norfolk and Great
| western Railroad seems to have been
secured by the action Of the annual meet
ing OF the stockholders held at Danville
On Thursday. A committee reported that
Sl,9o0,000 of stock was represented,
and that Messrs. r. @, Link & Co. claim
ed to be stockholders to the amount of
$7,0O0,000 more. They had rendered
this amount Of subscription to the treas
urer of he company the day before, and
offered to pay 100000 in cash, that
being the ten per cent. required by the
by laws of the company to be paid.
Messcs. Link and Levy, of the above
named firm. explained the objects and
purposes of their subscription. The only
other railroad in which they had any
interest was the line of railway from
Memphis to Ri Paso, 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 continent to
San Diego on the Pacific, and, by ship
ping from Norfolk and San Diego, to
the ports of China and Europe, and III
timately belt the world.
The road should be built in the most
substantial manner the line should be
as straight as possible, the rails should
be of steel, the bridges of iron, and the
grades easy, so as to make it the carry
ing road of the continent. The money
subscribed, portions of which had been
paid in by the counties, they did not
want, and would refund. They did not
want county bond until they had COM
pleted through to Bristol. AS an earnest
of their purpose and of their ability, at
least to commence the work, they had
with them in the town of Danville
100000 in cash, which, if their sub
scription was accepted, would be turned
over Immediately to the treasurer of the
Norfolk and Great Western Railway
Company. Upon the conclusion of Mr..
Links speech the meeting grew wild
with delight. The mans sincerity of
purpose was plain, and few doubted the
100000 guarantee of his ability.
The plan and proposition were then
discussed by various gentlemen. Colonel
F!ournoy, President, reminded the COM
pany that if the subscription of Messrs.
Link g. Co. was accepted they would be
the controlling power in the road, and it
would pass from the hands of Vlrginians
forever. A resolution was then o-s-ed
by Mr.. Martin of Henry, that B C. Link
& Cos pro position be accepted. g.
Genl Imboden introduced counter
proposition, as representative of the In
ternational Land Company of NewYork,
which was substantially to build the
road and people the country for twenty
miles on each side of the road with en-
igrants at the same time. A proposition
to delay thirty days for further consid-
Grafton was offered by Mr., Pretlow.
Judge Ould gave to the meeting the
amplest assurances of the good faith and
ability of Messrs. Link & Co. Build the
railroad, and all conceivable material
blessings would follow in its train. Ac-
cept the proposition of R. @. Link & Go.
and there can De no doubt that by the
LIST of January, 1872. the grandest rail-
road projecC ever conceived would be
carried fully into execution.
At the conclusion of Judge Guilds re-
marks the vote was taken first upon Mr..
Pretlow's substitute for delay, which was
defeated by an almost unanimous vote.
The vote was then taken by scale on
the resolution of Mr.. Martin of Henry,
permitting Link & Co. to subscribe the
100000 to the capital stock of the
road. 1t was adopted with two dissent
ing votes. The principal Office of this
firm is in London, with branch in
Philadelphia. There is good deal of
business to be done, such as turning
over the books of the OLD company, au-
diting the ACCOUNTS of the old officers
and employees, paying them, &C., before
Link & 60. can get straight to work.
| This can and will be done right away,
and in sixty days the new company will
have thousand laborers at work upon
| the road.
We await the upshot of this business
with great interest. 1t is the most extra
ordinary event that has ever occurred
in the history of public works in this
State. We trust it may be eminently
successful
| NAVAL.
Secretary Rubeson, has decided that
officers of the marine corps serving on
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