The New York herald., 1869-08-03
VERY QUsER R,HROaD OPERATIONS IN
viRG:ysA.

VIRGINIA.
/ -~--~~->~~-~~~s-ooo-~
Princeiy Offer of Seven Millions With.
drawn-A "Raiiroad Link Dropped Out.',
lDanvllle Va July 2sl, correspondence of tho Rich
To-day panvlls hs0nG y s,ys wh'g,l 81, vo,.u
growing WIN nope because OF the prospect OF the
sure completion OF the Norfolk and Great Western
solid and substantial men from every county along
! the line Of road from Norfolk to Bristol except
OF capitalists, who WELD millions OF money are here
from Philadelphia, New York and cities beyond the
sea. lucy are aere 70 attend the second annual
Great Western Railway Company.
Az twelve n. to-day the meeting was called 10
order by the President OF the road Colonel Thomas n
Flournoy, on whose motion Dr. Thomas r. Atkinson
Of Danviiie, was made chairman, and n. Taliey,
On motion Of wlnam Martin. Of Henry coun.
ty a committee OF three was appointed to as
ing. The committee soon reported through lis CHAR
man tMr MARTINI that 81 600 OF stock repre-
sented. and that Messrs. r. q. LINK Co. claimed to
be stockholders TO the amount Of $7,o0oo00 more.
They had rendered this amount OF subscription 10
the treasurer Of the company the day before,
being the ten per cent required by the by. by
laws OF the company 70 be SO paid. The
Go. We're sfockholders' e or should be allowed to
become sucn, was oy the committee referred to the
meeting, and Messrs. Z. G. klnk and - Levy. of
their arm, being present. they were requested TO
PLAIN their objects and purposes In making so large
Q subscription.
Mr.. Link, In speech OF some twenty minutes
which was as concise and as much to the point as
any ever heard, explained fully the purposes OF his
company and their ability to carry them ont. HIS
firm was an extensive one, OF ample meaus and had
been engaged largely in railroad building, both
tins continent ana Europe. He was frank to say
aged properly, presented the finest opportunity the
world q returning to It's owners magnificent reye
nue.. WIN TINS view he aud his company proposed
TO invest In II to the extent indicated by their SUBJ
scrption, an amount winch they thought amply sur
fcient To complete the road through from Norfork
| to Bristol by the first day OF January. 1872.
Mr. Martin offered resolution tnat K. @. Link &
90. Is proposition be accepted, but before II put
| by the chairman Colonel Flournoy asked that the
! vote be postponed until General Impoden repIe-
sent sentative tive Of & the International Land Sompany Of
| speech OF On hour, urged the proposition Of his
| company.
| At the conclusion OF General Imboden's remarks
| Mr. Preu0w, OF southampton, offered substitute
| for the resolution OF Mr. Martin. Of Henry to the
| effect that a committee be appointed to consider
| both schemes and to contract within thlrty days
| with the party whose scheme they deemed most ad
| vantageous
| The vote was taken first upon Mr. Pretow's sub
sttnte, which was defeated Dy an almost unanimous
vote. TIE vote was then taken by scale the
| luton OF Mr.. Martn, OF Henry, permitting Link
Co. to subscribe to the capital stock Of the
road. 1t was adopted, with two dissenting voices.
The stockholders then adjourned to tomorrow at
ten A. NJ, when tue ofcera OF the company will be
elected. There is good deal OF business to he done
Company. auching the accounts Of the old oficers
| and employees, paying them, &C.. before Linz Il Co.
can get straight 70 work. we are assured that this
can and win be done right away and that In sixty
days Link Co. Will have LOCO laborers at work upon
| the road.
We have not had to wait long for that further In.
| formation which we cautioned our readers was ne.
cessary in the making up of safe opinion about the
very extraordinary occurrences In the railroad meet
ing at Danville. Our c0ol-headed and saRacious
friend, Dr. Pretow was right in advising delay for
the purpose of making an investigation In tile Dali
| Vile Times, OF Saturday we ind long account OF
the proceedings. relating with an animation quite
e.ss wH aHSsa sysa
| tOne:-
tatons that there would be no dificuty IN the mat
ter OF the subscription OF Messrs. Rolls c. Link Co.
Since then things have taken different turn from
| The meeting met Thursday morning aud adjourned
| nothing being done on that day.
| O'CLOCK Colonel FIournoy read resoutons OF the
Board to the effect that masmuch as K. g. Link Co.
had been applied to TO pay two per cent Of their sub
scriptiOn and had refused to do, their names be
| erased from the subscription books OF the company
A long discussion arose, In which 1t was stated by
the above resolution was introduced was that the
| former refused TO pay the deots OF the company,
| On the other hand it was contended that they had
| been properly audited
| The discussion was still going on whom we went
| to press. We regret not being able TO inform our
| readers OF the result.
We learn that the resolutions of Colonel Flournoy
| were adopted with about the same unaninity with
| which the previous ones making Link Co. stock
| holders had been carried Our information is that
Link Co., after having their names enrolled aud
after engaging to discharge at once the Indebted
ness OF the company, amounting TO about $4,000,
asked and were granted time TO have the claims au.
dited, ana that Thursday consumed IN the bush
| ness. On Friday morning. to the dlsmay OF those
| who had given their confidence 10 the pretensons
and prOtestaons OF Link & Co., 1t was ascertained
that Levy who had the custody OF the "sponducs, y
had disappeared before day, bearing OFF with him
the portenous iron chest with It's inestimaole and
persuasive contents. The eject may he more easily
imagined than described. Link, who remained,
said that Levy had taken the money away because
he was afraid IL would be attached. He still claimed
that the subscription was BONA Jfie and declared
that he would yet carry out his engagement. And
this, we believe, he continued TO assert after his
| name had been stricken from the list OF stock
holders He left Danve Saturday morning
The affair Is a very odd one. and IN some OF 1t.
aspects almost ludcrous. With sensible men it Will
not OF course operate any prejudice 10 the enter
prise itself to those engaged IN it The projected
work Is really.one Of the first order OF importance
| and the men engaged IN II are our worthe5t and
best cittZens They have great ditlcnles TO contend
with, and deserve the best wishes vi all that they
| may succeed.