The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-03-15
~ -f.i0RlTT ANA MINORITY
r;TI,uHTS or THE COMMIT
E>E an ROaES.
ne LAS T DODG f d..
~ 4tHpNE BEGS THE STATE TO
GIVE HIN ONLY Sl21,4S4
..:. nEFlET or THE MINORITY
r TIE COMMITTEE.
fin, van, 10 Save the State S273,O 900.
YioiyrIfS Report.

.u.:c lIll No. 3 and the amendments
q. ..... prudng in the House Of Delegates,
{. .t.ncr with The following resolution Of
..ry adopted i,y the House OF Delegates
= l,h @fh. 1871:
"rSolrs9. That the Committee Of Roads
. Internal Navigation he instructed to
..........r and ascertain who are the real
..s t.r> propn~in, 10 purchase the States
..'...g>. II the Richmond and Petersburg
..,toai: Icy whom the money for said pur-
..t>C i 10 br furnished; who is to hold the
ok when 50 purchased. and by what cor
:. ration or company said company is to be
.jrgatvd, when said purchase shall have
made: The true object and intention
g.. ,aI proposed purchasers; and make
:. .ug; thereof 20 this House and for this
oppose said committee shall have power
e. "a for persons and papers, and to eX-
Lille witnesses
After having investigated and maturely
>5uSidercd the matters referred TO them,
l"-, leave TO submit the following report
]. That the proposition made by III. h.
t.yson and others TO purchase the stock
lid by the state in the Richmond and Pc
...>lnr: railroad IS in truth and reality a
deposition made by VIM. I. Walters, "a
wealthy citizen Of Baltimore" through the
~.l Llly>on and others. rs Intermediates,
,3yaua verbal promise and agreement or I'M
Outstanding with said Walters, OF his agent,
ill.,. The Richmond and Petersburg railroad
ln ,I h,- q
".tH him III said purchase obtained control
t...cot hy virtue Of the private stock Al
r..ny owned by them, and the said State
.,'gh DC managed and controlled in such
manner "a the said EllySon and others
H.-ht deem 10 The interest Of the city Of
Richmond OF Petersburg, to lie regulated
~ q contract hereafter to be made.
=. That the $500, 600 OF State bonds de-
.lcd with the state Treasurer was the
supcrty OF the said Walters, and deposited
the said Elirson and others i'll pucsu-
J.re Of the above agreement.
3. That the said Ellyson and others in
making said proposition We're only ioaning
Tie USE of their names TO the said Walters,
and do not expect to pay dollar of the
purchase money for said stock out of their
uwn pockets unless the said Walters should
IN 10 comply with his contract-a contn-
-racy they do not contemplate us ut all
Probable.
/. That the purchase Of the said stock by
Ihr said Walters and his associates will give
them the control OF the Richmond and Pc
,rrsburg railroad.
j. That while the said Walters is himself
making said purchase, he expects to have
..,or.:tcd "lth him rs partners therein B.
I. Ncwcombcr, }. ID. Cameron, and q. NJ.
'aGmaker, WHO, together With the said
Walters, own Il large, if not a controlling,
interest in the Weldon and Wilmington
railroad and the road leading south from
Wilmington 10 hingsville, ). c., and the
.a.d Newcomber. Cameron, and Shumaker
are directors iii said roads.
q. That the said Cameron is President of,
md The said Newcomer and Shumaker are
directors in. the Northern Central railroad,
oIsc 81 The roads operated by the Penn>yl~
aria railroad.
Your committee, acting in accordance
with what may now be regarded as the
>,ttled policy of this General Assembly, as
shown by numerous preccdents, and in ac-
c,rdance with their own views on the SUBJ
jrct, deem i; unwisc and impolitic to sell
HE stock belonging to the State in her
works uf internal improvement to foreign
corporations, or their representatives,
ft.pp l,v nhtaininu
control Of roads within this State, to run
them in connection with roads outside OF
this state, to the prejudice of Virginia in
'cre,t, when purchasers can be found with
IN the state, upon terms fair and just 10
the state, and recognizing as we'll the ne
rc.>i.y Of protecting the pecuniary inter-
rsl> al Tie Commonwealth a3 the difficulty,
!! not the imp0ssiDllity, Of conducting such
Il sea!e or liking a price where there are
conflicting interests involved through the
medium Of the Legislature, instead Of the
l;oHd Of Public Works where such mat
los Of detail more properly belong, re-
-recliully recommend the following substi-
lute for what is known rs 4" Woods amend
uIcut"
Except the stock owned by the State
In The Richmond and Petersburg Railroad
Company, which said stock the Board of
Public Works is hereby empowered aad
expressly directed to sell to the Atlantic,
mississippi aud Ohio Railroad Company for
y uch an amount Of State bonds OF certifl-
a a.rs OF debt--not less than $3.50 in such
81 uuds or certificates Of debt for every 800
VI said stock--as may be deemed just and
reputable in the premises ; provided that
H." said Atlantic, Mississippi and Ohio rail-
u DAD shall, upon the payment of the first
$1nstalmcnt Of bonds or certificates of debt
a'eIuircd by this act, have the right to cast
None vote for every share Of stock owned by
3 his State in said road and provided, fur
81 her, that the gauge Of said Richmond and
Petersburg railroad shall ever remain the
IAN"
'b I'D add the following as an independent
tion -
% Any railroad company accepting the
Tins Of this act shall allow any connecting
sork all proper facilities in and for the for
aon OF u physical junction with the rail-
tracts of the same and for the inter-
anse OF freights and passengers and shall
We no higher rates of charge on freightsi