The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1871-04-20
From Richmond Dispatch.
Important Action of the Valley Railroad
Company. W
LEXINGTON, VA, April IA, 1877

Important Action of the Valley Railroad
Company. E
LEXINGTON, VA, April IA, 1871
| A regular and very important meeting
/ IF the Valley Railroad Company was hele
here last night, Col. J IT. Preston presid
/ ing.
It being ascertained that considerably
more than a majority of the stock was
represented, Col. NJ. G. Hartman was call
ed to state the status and prospects of the
Valley Railroad Company.
Col. Harm man stated that the whole Of the
stock necessary to build the Valley railroad
had been subscribed except two hundred
thousand dollars, which was the quota as.
signed Augusta. This county having re-
fused to vote the subscription, as it was
expected she would do, efforts have been
made to raise it elsewhere. Friends in
Baltimore discouraged the effort to raise
this amount there, and he saw no hope of
raising it along the line of the road. He
had proposed to subscribe the two hundred
thousand dollars himself, on condition that
he should be permitted to divide this
amount Of stock among the contractors
when the road is let. s.ae
| He had received letter from the presl-
dent (Mr. Robert Garrett), in which he
says that this proposition conflicts with the
terms of the subscription of the city of
| Baltimore. e n
Col. Parman said that he was really at
loss to know what to propose.
| The letter Of President Garrett was read
to the esa+ine. and seemed to be general
llv construed as virtual assss'ndonment Of
the enterprise. Il. a., r..
Judge Shelley did Nc TO- resafa ~, al. IN
mans proposition as at all connie. .'ns WIN
the terms upon which the city of sBaltl-
more had voted to subscribe to the stock
of the Valley railroad. i@a4A a
IF our Baltimore friends have the will
they can very easily find the way of ar
ranging all this. It would be burning
shame if, after raising so large an amount
for this great work, we should now fail for
lack Of the comparatively small sum of
1920 ,O00
He thought that the matter could be
satisfactorily arranged bya conference with
the authorities in Baltimore.
/ Col. William Allan was disappointed at
the tone of Mr.. Carrots letter. Itlooked
as if he meant to abandon the enterprise
He was not disposed to cast any censure
upon Mr.. Garrett, but we must have rail-
|road and if he cannot devise the ways and
means of building it, we must look to those
who can.
Rockbridge had done all that could be
expected of her, and if Mr. Garrett pro-
poses now to fold his arms, he would look
to the Chesapeake and Ohio railroad and
see if they are not willing to take. the
charter (of which fortunately, we and not
Mr.. Garrett have the contro) and build
the road Ell offered the following
"Whereas we have reason to believe that
the Chesapeake and Ohio Railroad Com
pany is willing to aid us in promptly car
rying forward the Valley railroad;
Resolpe1, That we appoint committee
of four to confer with the Chesapeake and
Ohio Railroad Company, and ascertain if
terms mutually satisfactory, and which
shall look to the enabling this company
to put some part at least of the line under
| contract this summer, can be made; said
committee to report to an adjourned meet
ing of this company to be held here on
May 10th at O'Clock p. M
Judge Shelley proposed as a substitute
that a committee be appointed to &C to
Baltimore and see if the matter cannot be
arranged there, said committee to report to
a meeting Of the stockholders to be held
here on the 10th of May.
After long and very spicy discussion,
participated in by Judge Shelley, Col. j.
w. Massie, J. D. Davidson, Esq :, Col. NJ
G.. Hartman, Col. Allan, Capt. G. A. Da-
wilson, and Col. J. T. L. Preston, Colonel
Allan's resolution was adopted.
Judge Shefey's resolution was also
adopted as an independent proposition.
The chair appointed as the committee to
confer with the Chesapeake and Ohio Rail
road Company, Col. VIM. Allen, Col. j. w.
Massie, Major Fl. NJ. Bell and Capt. Jas.
Compton.
The committee appointed to go to Balti-
more was Judge Shefey, Col. NJ. G.. Har-
man and Capt. c. A. Davidson.
4 This means business. The Rockbridge
people say that any responsible company
which will agree to begin at once to dig
dirt from here to Stanton can have their
subscription, and that if they can't get
prompt action they will spend their money
on railroad Of their own, or on turn
| pixies. LEXINGTON.
III