Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1870-11-18

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THE Lynchburg meeting occupied
the whole Of Thursday, Friday and
Saturday of last week. The stock
holders of each of the separate lines
between Norfolk and Cumberland
Gap, met en Thursday and appointed
committees to confer with each other
Us to a proper basis for the transfer
of stock to the consolidated line. -
Their deliberations consumed the day,
and on Friday they reported unani-
mously in favor Of voting the stock
in the various lines as equal in value.
The reports we're adopted, and the
remainder OF the day was consumed
in transferring tho stock, of such par
ties as were willing to the arrange.
ment, to the new company. The
amount thus transferred was as follows:
5,l16 shares Norfolk & Petersburg r. F.
! 5,3lj d" Southside r.. II.
| 800 " Virginia 6; Tennessee r. r.
9l7 " Virginia & Kentucky II. r.
1925
On Saturday the A. N. & o. r. r.
Co. was organized by the election OF
Gen. Malone as President and the
following gentlemen as directors:
Il. ]. Corprew. r. c. Taylor, j. A.
Johnston, Ro. b. Boiling, Ro. G. Nell
waine, John +. Slaughter, Charles w
Statham, William Watts Gen. j. 4
Walker and Abram Fulkerson.
We append the speach of Gen.
Malone. who on being informed Of
his election, entered the meeting.
SPEECH OF GEN. MALONE.
! Conference.-The announcement made
| to me 10y the Chairman of your commit
| tee is one that fills my heart with graft
| tude, but which brings to it deep
sense OF obligation. | acknowledge
myself proud to stand in the presence
of Nirginia's citizens-the proprietors
of this great corporation, and am
| grateful to know that the honor con-
/ ierred upon me was 10y such hands
and | have to confess that the honor
would be compromised If it came from
| Other hands than those of whom | am
part and parcel. This is corpora
ton essentially Virginian, owned by
! Virginia people, and whose manage
ment will be co; troled ~ Virginia
people. For this reason, repeat, the
trust you have confided to me is the
more grateful TO my heart, and in as
suming it, | acknowledge TO a deep
sense of obligation.
The compliment IL no empty one
The work is II great wOrk-great i'm its
| results to the State, and in the amount
of labor to be performed. You have
not only undertaken to establish q
great line of railway from Norfolk to
Cumberland Gap, but also the duty
of restoring the several roads to full
health and vigor: and, beyond that,
to complete the Virginia and Ken
lucky Railroad. which involves no or
binary outlay of money. But when
undertaken by such An organization
as this, can not doubt that the great
objects had in view will he accom-
pllshed. 1t is your purpose TO estab-
fish line OF railway which will ever
remain the property of citizens of the
state; and by the charter it is mpossi-
bile for it ever to pass from their man
| agement. 1t is pleasing feature Of
| the scheme that the line is secured In
| perpetuity to the people of the State
| Besides, you have undertaken, bv uni
! ted and harmonious effort. to put this
| line i'm good order, and moreover to ex-
| tend IL TO Cumberland Gap, the inn
! pOrtance of which | will not undertake
/ to demonstrate. But until your en-
| gines run to the Kentucky line, the
| great work will not have been compile
| ted. Then you will have the most inn
| pOrtant line of railway in this coun-
try. Then will You have access to the
/ great fields from which New York,
Philadelphia and Baltimore have
| drawn their great prosperity. Virgin
Ia cities must look to those same fields
/ for resources, power and wealth.
Pesmt me TO cOnf ratulate you on
the harmony, good feeling and broth
erho0d which prevailed, i'm adjusting
| the terms Of union. You have acted
in that spirit which hope will govern
those who have not yet come into the
new company. You have borne i'm
/ mind THAI the Idea i'm the construction
of the three roads, between Bristol and
/ Norfolk, was that which you have now
| inauguratod-a continuous line from
/ Kentucky to the sea, and in doing so.
/ you have determined To bring TO n sue
cessful completion, the magnificent
! scheme of the projectors Of these roads.
| With the formation of this Company,
/ you have entered upOu the consum-
nation Of connecting the great waters of
: the West with the Atlantic, and which
cannot but rebound to the prosperity
( and greatness of Virginia. The sew
/ eral lines are now one whole. and we
/ have only TO complete the connecting
link, which you have determined by
| your action, to secure the full realiza-
| ton of the most sanguine hopes OF the
/ projectors of the scheme.
Let us have patience and f'rhear-
apce, but above all let MS have faith all
/ the time; faith that will overcome OBJ
staCles and secure grand cOnsumma-
/ ton. With these remarks, gentlemen,
allow me to thank you and u leave
/ you.