The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-03-13
the necessary sum Of money to purchssc
the States stock. We had considefabIe


the necessary sum IN Of money to pdrehsso.
the States stock. We had considerable
conversation about the details OF the mat
ter, and he finally drew up bill which at1s
thorized the Board Of Public Works 20 cell
the stock to such parties as In their opinion
would best promote the interest Of Viz.
ginia, and requested me to deliver the same
to Mr.. Budd, which I did. I further ID
the conversation expressed to him theopin.
ion that did not think the, management Of
the road should be absorbed by his road OF
the road that Representative there wasa
local business which ought to keep up 9
local management, aud on that matter Of de.
tails, If we could not agree, we could leave
the differences to arbitration. While he
did not make any absolute agreement or !,
contract, understood MIN as asserting 70
these views. In the bill that was drawn
up, he expressed the opinion that he would !:
be aestz - fssE 80 sasfr
ABLE TO SECURE FOR Us TIE sTocT ~
that it would strike the Boz ,t;,- go, "a, I
Works as so just that !. .-la vi 1iup,l.s
open to Richr ,rd I0.n a. to.s 'aos, n,s'
he. aaa, upon consultation with mem,
-, Game to the. conclusion that, the, bill,
{ could not be passed before the recess OF the /.
Legislature. During all Of this time was ,
not aware Of any purpose on the part Of.
the Pennsylvania railroad people to extend
their railroad connections to Richrrord. /,
had understood from Mr. Moncure Robin.
son that an arrangement had been msde by
which he was to extend his road from,
some point beyond fredericksburg toy
Quantico, aud that the. Pennsylvania rail-
road people would extend it from there To-
Alexandria or Washington. Thinking it,
very doubtful whether the bill would pass
and with view to change the administers,
ton of a road that had given the Wilming-E
| ton and Weldon road and its southern con.
nection great deal of trouble, began to-
make increased efforts to purchase the stock,
OF the Richmond and Petersburg railroad,
1 then left the city Of Richmond. / con-
Quoted purchases principally through Mr.,
Lyon. In January We had purchased over;
1900 shares, and had prepared to return
here to look after further purchases
The day on which 1 got ready to
come received package contain
ing several numbers of the Dispatch
newspaper, of this city, that made known
to me for the first time that the Pennsylva-i
MIA railroad people were trying to extend
their charter to this city. My visit was
postponed few days by business matters
connected with my office, during which
time l saw from the papers the contro-s
yersy between the Pennsylvania. railroad
and Richmond, fredericksburg and EPoto-'
mac railroad people had grown to be very
warm. / came on here to look after the
purchasing up Of tho stock in the Rich
mond and Petersburg road, believing and
publicly stating that +aE
. GEN. MALONE AND MYSELF WERE IN FULL
: ACCORD -. : sgtflr n
Up to my arrival here I had never seen Or
communicated in any manner with those
Pennsylvania railroad men. was intro
duced to them. I was not In their conf-
dence. sympathized with them In getting
their charter because thought we should
us additional facilities, save time In getting
to Washington, and I had no faith IN the
extension of the Richmond, Fredericks.
bun g and Potomac road to that city; and lit
had been SO extended, was fearful 1t might
be used to control us rs in times past
Hearing that Gen. Malone was at Petersa
burg, went there to see him. I told him
that had come there to execute our agree
ment; that with the stock that we owned and
the control of the state proxy we could do It.
He replied, saying he was not aware that
he had any agreement, and II considered
it was so, it was not such one as he would
consider binding on mel think my re.
ply was that if it wasn't an agreement, eve
will call it an understanding" He then
requested me to repeat what understood
to be the agreement at Lynchburg, I stated
if 1 understood him to say that 1t was
correct, but do not recollectt that he made
any further reply ut that point, but re-
manned silent for some time-I then re-
marked to him to tell me what he wanted.
Some gentlemen came in at about that time
and broke up or suspended the conversation.
In aIlusion to the conversation or under
standing / told him l thought we. could
agree, and If not we could by arbitration.
During the conversation he made SEINE
mention of the Pennsylvania railroad mat
ter. told him I did not belong to their
party, and if the question was to come up
whether they or we should be cut of from
Richmond l should not hesitate to say cut
them off. Many things were said during
the conversation, others OF which perhaps,
If my memory were refreshed, might re-
collect, but this is the substance Of the
points as well as can recollect them. Per-
haps it might not answer for me to state =
HOW THESE BALTIMORE GENTLEMEN BECAME
CONNECTED WITH oUR ROAD.
In 1865 took charge OF the road. Nearly
all the rolling stock had been destroyed
burnt up) during the war. Every bridge
on the road but one had been burnt; much
of the track had been destroyed The ma
chinery had been taken from the shops ct
Wilmington during the occupation Of the
Federal forces. A mortgage debt OF about
$3.50, 900 was then due. One-haR OF the
road was not in use. 1t became necessary
to create large floating debt, or give up
the road to the bondhoiders. Thisawas
done in the fall of 1885, on the assur-
ance that / could sell the bonds
of the road In Europe. In1athe
summer of 1865, in order to carry this debt
became personally responsible for item
dorsed it. l went to Europe, and failed In
my negotiations. 1 tried also, after my re-
turn in 1857, in Boston, New York, and