The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-03-09
interests are not identical with OURS All
that we ask Is y. I.t.,1 J ..L,-


interests. are not identical with ours. All
that we ask Is "tz tscis :. -,
FAIR PLAY.
He was frank to say that he was In favor
Of the States selling Quilts interest In any
railroad, if it could be done advantageous.
ly, as was the case with some railroads.
Prices had been offered in some instances
so dazzling that they could hardly be re-
sisted for moment. And when parties
came before the Legislature, and offered for
certain stock prices far ahead Of those
ruling in the market, he for one could not,
from simple business point of view, re-.
fuse it the approval Of his Judgment. But
when ..r . ..4...>.,
/ A LESS PRICE THAN WHAT TIE STOCK s
I is unblushingly offered, IS not the situation
very different? Would any member here
sell his own stock for price far less than
could be obtained from other quarters?
Then how is it that members would sell the
States stock on such ruinous terms? Why
will members pursue different course In
the management of their own business from
that they pursue in the affairs Of the State !?
How can a man satisfy his own conscience
in closing such q bargain, whatever his local
interest may be? ' .-@
THE ESTABLISHED PRECEDENT
| Mr.. GUY then reviewed his reasons for
supporting the substitute without the OBJ
noxious amendment of r.WooD. That
company should have the first right to buy
the States interest in its own road had been
agreed to by the General Assembly. This
was wise for many reasons. The Justice Of
such course is too obvious to require ex-
PLANTATION. But now comes forward an
other .[
PROPOSITION op A VERY DIFFERENT oHA-
RACTER. -.
1t was proposed by the representatives OF
Gen. Mahone's great railroad that when
the States interest in the Petersburg rail-
road is to be sold, whatever might be the
precedent, stranger should be allowed to
purchase that interest in preference to the
Richmond and Petersburg Company itself.
The proposition was enforced by holding
up to the eyes of the friends Of Virginia the
picture of the rapidly-advancing strides of
the Pennsylvania Central railroad, and the
tpropriety of stopping it in it's career by
keeping it from getting possession of this
important link in the great through line
between the North and South. The ques-
tion was put thus Would you place this
little road in the hands of this foreign cor
operation, or sell it to the Atlantic, Missis-
lsipp1 and Ohio railroad, which is q Vir-
ginia institution? Naturally with the ques-
tion thus stated, the sympathies OF the
lspeaker were with the Virginia company.
But sober, second thought brought with it
the fact that there is
| NO EVIDENCE WHATEVER %f
that the Pennsylvania Central road desires
the control of this road, but that the parties
really opposing the schemes of General
Malone are North Carolina gentlemen, in
terested in railroads there, who desire to
give their State an outlet through which
THEIR PRODUCTS MAY FLOW INTO THE LAP
OF RICHMOND,
land manage it in the interests of Richmond.
On the othegBand, we know that If General
Malone sss control Of the Richmond and
Petersburg railroad, there will be hazard
of our trade being cut of in favor of an
other city than Richmond. He was op-
posed to putting such power into the
hands of any man.
| A PROSPEROUS AND LIVE MANAGEMENT.
In regard to the Petersburg road, he had
TO say that under the new management a
new and prosperous commerce had sprung
up over it which never existed before that
the fares have been reduced fifty per
cent. and tolls one-third, travel has in
creased, and Of these things Richmond has
had the benefit. Six months ago we had to
pay ssr cents per ton per mile for coal, and
now we only pay four. And there have been
correspondingly advantageous changes,
which have wonderfully encouraged the
southern trade and enured ~tte the ben
eft of our people. month ago a
large lumber-YGfd of this city stood
down town, obliged to be near the
river, it being necessary that lumber
should come DEsteamer, instead of by rail,
although the feautiful white pine of North
Carolina torests was so near at hand. Now
this lumber-yafo has removed to the yicini.
ty of the Petersburg denot. and is there
storeo WlGh nle timber, which never would
have found lts way there but for the chan ge
IN the management of this little railroad. Be.
lore Tue cnange Vie managers of the Trede.
gar WORKS were unable to avail themselves
q n
Oh the ioreS's y North Carolina in the manu-
iacture Oh cals " Virginia. Now that fine
'Ilhper Is "ltnuh tnui heir reach, and is in daily
use' ihe llite ptt1tlge over James river was
cohs'ruc'cu 81 Zine brought by steamer
from ne" Aoih' Notwithstanding the vast
array OF superior iirobor j., North Carolina.
Under the new IN mo oomant nrosnerous
'faoe HAS spiunAalp between Richmond
aiiu Noi'n o"ioaA Here is germ OF
prosperity which N,e Wow with del;obt
and only ask that 1t, ,a not intertared with
ul.h VIC nave ohsA bee to see whether 1t
will grow into statAy production. au~
He then spoke our manufactures,
which nave 1ound fine market in the
South since the PEG rsburg railroad had
ipassed into the handHbf live railroad men,
and showed how new fe had been infused
in various departments, and not only this
but valuable new trade built up.
| xoDEsH REQUEST.
He only asked in behtlT of Richmond that
the bright hopes of h$r citizens, based
upon these encouraging signs, be not dis
PEELED, and that the persona by whose man.
| -. L -, l,nr Ix,o