Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-12-19
Alexandria, LOudOun q Hampshire
Railroad.

LoudOun g. Hampshire
Railroad.
The following is the communication from the
Board of Public Works in response to a resolu-
ton IF the Senate of Virginia, calling for lnfor
nation in regard to the sale of the States IN
tere,t in the Alexandria, Loudoun and lamp
shire Railroad:
RICHMOND, Dec. g. 1872.
To tie Senate: ~
In response to the resolution agreed TO oy tne
senate December 7th, 1877, requesting 1 f
upon certain specified points touching the SAFE u
the states interest in the Alexandra, Louoouh'
and Hampshire railroad the Board OF fuollc VOTES
have the honor to submit the following statement;
On the Goth OF September, 1867, in accordance
with the provisions Of the act OF Assembly passea
Anri nth 1867, entitled "An act disposlng OF the
scate's interest in the Alexandria Loudoun, and
Hampshire railroad on certain conditions, pro-
position was submitted TO the Board OF puollc
works by the authorities Of the said railroad COM
pany for the purchase OF the states interest te,e
in at the rate of five dollars per share the par value
of the states interest being 1Ol724o ana the par
value of each share being $500. Al the same time
there was Fl ed certified copy of the proceedings
of the stockholders Of the said company IL general
meeting assembled, accepting the provisions OF Tue
act of assembly aforesaid, in accordance Win the
requirements of the fourth section of the said act
After mature consideration the Board OF puoilc
works agreed TO accept The SAID proposltloh upon
condition that the said company should fully com
ply with the terms and requirements OF the SAID act
of assembly in relation to the said purchase, and
mon the further condition, as additional security
to the state, that The said company shoula agree
and bind itself in the deed of trust to DC given that
the iron rails and other superstructure OF tne sara
road should not be taken up or removed from us
place In the road any of the companYs rolling
stock removed from the track or from the posses
sion of or control of said company until the oond
to be given bv said company for the said purchase
should be fully Paid and in case OF forfeiture by
said company under the provisions OF sucn deco OF
trust, or of the act OF assembly aforesaid; before
the said railroad should be completed as far as Win.
chester then the Board of public works should
have the right to resume the absolute ownership,
possession, and coctrol OF the stock sold as alore
said, and thereafter 10 hold the same as fully as II no
such sale had besn made.
On the 18th of November, 1867, the forms OF the
bonds and deed Of trust to be executed by the said
railroad company in compliance with the act OF
assembly aforesaid and the order of the Board OF
public works, were submitted tothe Board OF public
works, and, after due consideration, they were
severay app owed, and Francis L. Smith, OF Alex
audria appointed trustee on behalf of the state, TO
co operate with Reuben Johnston, who had there.
tofore by said company been appointed their trustee
In the execution of the sal deed Of trust.
On the 7lh Of December. 1867, three (3) bonds
duly executed by the said railroad company for the
purchase of the states interest therein were sub
mitted TO the Board Of public works, considered,
accepted, and ordered 10 be filed. The first OF said
bonds was for the sum OF lit, 934 IA, payable hve
years after The 18th Of April, 1867, or upon the
completion Of the said railroad from Leesburg TO
Winchester, should the same be completed III less
time than the said five years; the second Tor the
sum of o16,954, 13, payable seven years after the
l7h Of April, 1867, or upon the completion OF the
said railroad from Winchester to the west side OF
the Little Cacapon river, should the same be COM
pleed in less time than the said seven years and
the third for the sum of SIG 954,13 payable ten
years after the 18th of Ar 1867, or upon the com
pletion of the said railroad from the wsst side of
the Little Cacapon river to point in Hampshire
county west of Psddytown,. should the same be
completed in less time than the said ten years.
copy of the deed Of trust, duly executed by said
railroad company in accordance with the require
ments Of the act of assembly aforesaid and Of the
order of the Board Of public works, and duly re-
corded in the clerks Offices for the county courts,
respectively of Loudoun, Alexandria, and Fairfax
counties, also submitted, accepted, and ordered
to be filed. And the said bonds and copy OF the
deed Of trust now IN the possession OF the board
of public works
On the 29th Of August, 1870, communication
from the authorities of the Alexandria, Loudoun,
and Hampshire railroad company, stating that al a
general meeting Of the stockholders of said comps-
ny they had accept the provisions OF the act OF
assembly approved March 29.h, 1870, changing the
route of the said railroad and the name OF the said
company to "Washington and Ohio railroad compa-
ny,'' was received by the Board of public works
and ordered to be filed.
On the 18th of April, 1872, the first of,the three
bonds herein before referred TO became due and
payable, but was not paid. The Board OF public
works had under consideration the steps to be taken
to enforce the penalties Of the payment as pro-
vded in the deed Of trust and, pending that con-
sideration, the president OF the said company ap-
psared and stated that the said company were not
prepared, at that time, to pay the whole amount OF
the said bond, but were ready to pay sl,5oo as
partial payment and would short time be prepared
to pay the balancein full The Board ofpublic works
ordered that the 81 500 be received into the treasury
to the credit of the sinking fund.- in accordance with
the provisions of the of assembly, March
go 1871, entitled San act TO provide tor the fund
ing and payment Of The public debt" And being
assured by the president OF the said railroad COM
pany that The balance due would be speedily forth
coming, and all the requirements of the act OF as
sembly authorizing the sale othe states interest IL
said company speedily complied with, aud deeming
1t unadvisabe for the public interests to take sum-
mary proceedings against corporation struggling
to complete work OF internal improvement, when
there were assurances that such summary proceed
ngs were not really necessary for the protection OF
the interests of the commonwealth, the Board OF
public works agreed to accord the said railroad
company the indulgence OF the orlet delay asked
for r.--.:t "n. ..'- .....E E-..
In conclusion, the Board of public works deem 1t
proper to state, that the assurances upon which
they relied have not, in any wise met their expec
tations, nor justified the indulgence granted, and
they have determined at once to enforce the penal
ties prescribed in the aforesaid deed of trust.
Respectfully submitted,
By order of the board ofpublic works,
VIM. D. COLEMAN,
..-. Secretary.
OF gTE4LTH