The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-03-06

In the Richmond and DanYille railroad, the
route by which the, Atlantic, Mississipp]
and Ohio, railroad has, heretofore reached
the north side. This makes il necessary
that they should have another connection.
1t Is to be presumed that the company now
holding the Richmond and Danyills rail.
road will change the gauge 80 as to oconnect
with the Washington and Richmond rail.
road. 1t may, be that the Washington and
Richmond might change the gauge of their
road, but the probability is that the gauge
of the Richmond and Danvilie railroad will
be changed. Even if this Is not go, these
parties are possessed of the franchise of the
Richmond and Danville railroad, and will
consequently be enabled to put upon the
Atlantic, Mississippi and Ohio railroad such
restrictions as may ruin its business. This
would leave only one way out for the At
lantic and Mississippi, and that is over the
Richmond and Petersburg road, which it
now wishes to buy. 2iE} i.trz. j5a7 ST. .....
BEHIND THE CURTAIN--N0 GUARANTEE. =
It s said that the Richmond and Peters
burg Railroad Company Is ready to build O
road for the Atlantic, Mississippi and Ohio
Company parallel with its own. Why is this
extraordinary offerP There must be some
potential reason for it. But what assurance
has the Atlantic and Mississippi Company
that this contract will be carried out and any
such road be constructed9 Whatguarantee
that it VIII not be deprived of the use Of
the Richmond and Danville road, and then
what assurance that the road by the Rich.
mond and P Petersburg railroad will be built
1t is said that the president of the Rich.
mond and Petersburg railroad gives the
assurance. He Is an honorable gentleman,
and would carry out any proposition made
by him il it was in his power, but
THE PRESIDENT OF ROAD CANNOT BIND Els
STOCKHOLDERS TO CARRY OUT HIS PROMISE.
Therefore there is no guarantee for its
building. ..- F., s s..-
1t is hardly necessary to undertake to
prove to this House that :,
THE EoRTHsIDE OF VIRGINIA, INCLUDING RICE
MoND, SHOULD PARTICIPATE IN THE TRADE
AND TRAVEL
passing over the Atlantic and Mississippi
railroad. It is o self-evident proposition.
To deny it is ta1tamount to a positive de-
nial that there is any benefit in railroads
whatever, or that q railroad from Lynch
burg to Norfolk would not benefit Rich.
mond by passing through it. There is an.
other reason, almost paramount reason,
for selling this stock to the Atlantic and
Mississippi road. / come with no mask
and no dagger. Whatever other gentlemen
may say, L am frank to avow that 1 wish ii
TO PREVENT THE PENNSYLVANIA CENTRAL
FROM GETTING CONTROL OF ALL THE ROADS
IN VIRGINIA ......
To hold a check here on q company SC
powerful in its proportions that it would
buy up our roads, and, instead of running
them in the interest of our cities, run then
in the interest of cities far away, giving II:
no benefit of competition. The gentle
men who favored the Pennsylvania Centra
road in the Washington and Richmonc
railroad bill made it war-cry that they
wanted competition. That is what W.
want now. We wish to
BUILD UP WALL HERE OVER WHICH MoNoP
OILY CANNOT PASS,
crushing out all competition. 1t is ne
cessary for us to place somebody here t.
prevent the purchase, seizure, and sale
all the railroads in the Commonwealth un
able to protect themselves, for a mere song
What is the result? Competition? Nc
II it were that, we should favorit. The re
suit is one grand, crushing, overwhelming
monopoly. Already has this company col
troll of the Richmond and Danville railroad
and now seeks to get control of this othe
road. Are they to have both? Fyou, CIV
them both you destroy competition an
ieopardize the peoples interest, for th
people are injured by monopolies and bel
Gifted by competition. There can be q
competition with both roads held in tt
same hand. s..
THE DIs1NTEBEsTED PENNSYLVANIA CENTRA
It is said the Pennsylvania Central Cor
nany don't want this road. Mr.. Speake
don't believe that. I don't doubt for
moment that the gentlemen who assert
for moment doubt that it is positive
true. But / deny the assertion. The ZEN
sylyania Central does sCant that road!
| wants it to complete its southern come
tion, and az =.
1T WANTS IT, TOO, BECAUSE 1T CAN sWALLo
IT UP FOR MERE SONG. i.
Its game was to allow other stockholde
to purchase it up and then purchase IL fro
them. But suppose the stock was not beil
purchased for them. Suppose the stoc
holders of to-day would not sell, &
stockholders OF tomorrow would WheneV
enouqh was offered, and it is to avoid T.
PENNSYLVANIA Central stepping in and pr
chasing it whenever it wants to that wa
this amendment adopted. 1
But again. Even if that company 90
not want that stock at ell, yet the stoe
holders Of the Richmond and Petersou
railroad might at Some future time pe
| duced to
SELL IT TO SOME COMPANY THAT WOULD
RUN 1T IN TEE INTEREST OF VIRGINIA.
That is the reason I want Its controi
he in the hands of Virginia corporatie
A VIRGINIA ROAD, A VIRGINIA f3ksiphs
| AND VIRGINIA STOCKHOLDERS
It is said il the Atlantic, Misslssippl q
Ohio gets possession Of this road IL VIII
! run it in the interest Of Vrglpia. W.
the company must, for its own benens, T.. : ,
It in the interest of the State. VI ~,
shares of its stock $4,000 are helo IN '
pinia. It's very life is so identified "ltn
| interests of Virginia. Ess5