The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1872-12-19
THE VALLEY RaIEgCAD.

Inc Board OF Supervisors Of Rockbrids Sc
county, have passed an ordinance, directing
the clerk OF TIC Board to notify the President
aud Directors Of the Valley Rail Road Com
pany 10 show cause at their annual meeting
Oh the I'D of December, why Rockbridgc
county should not withdraw her subscription
OF S52o 900 to said road \ bill has also
been introduced In the Legislature authori-
zing the t.ausfcr Of such subscription to any
ether Improvement.
This action is taken 10 view of the refusal
of the city of Baltimore to pay the 30 per
cent. of the 81 100000 other subscription to
the VALLEY load, originally intended upon
the subscription Of ether solvent corporations,
Individuals, COUNTIES or towns, of 50 200, GOO.
The city ordinance, authorizing the subscrip-
ton deciores that mo payment" on the city S
subscription shall be made until provision
satisfactory to them has been made bv the
railroad company, by additional subscriptions
or otherwise, Tor the means to constru ct an Il
complete the road through its entire length. "
The estimated cost Of the road from Harrison
burg to Salem is put down at $4,000 COO
OF which $3,200,000 have been subscribed
including the $1,000, 900 Of Baltimore city.
it was doubtless contemplated BY the compa-
ny thct alter the ~oad had been placed unde,
contract, the remainder of the required S.
ooo,ooo would be obtained by mortgage loan
That has been the policy Of all railroads here
tofore. aud 1t is not reasonable to expect that
any other expectation MAS entertained by
Baltimore at the time olNthe subscription.
The city, however, from the face of the ord
nance, has the advantage of strict construc
ton OF the language to favor escape from the
payment of its subscription until the whole
amount necessary to complete the road is Sc
cured. It's hesiaocy, or refusal is based
upon mere technical reason, and to avail Of
that would argue dissatisfaction with its
original action. Judge Shelley, the senior
counsel for the Railroad Company, Is now ia
Baltimore, and we hope will present such rea.
sons the Finance Commissioners. as to over
como their objections, and secure compii.
ance with the original understanding.
In the meantime the Shenandoah Valley
Railroad Company, are taking active steps te
push forward their Improvement to an inter
section with the Chesapeake aud Ohio Road
oft ~ CHI
on to the South west. Mississippi Valley and
the Pacific. They have placed upon the re-
cords of the several counties ia which thf
road is prosrcssinga mortgage for So, $50 600
which conveys the road bed, franchises and
other effects of the Company. to EdgaraA
Thompson, President Of the PENNSYLVANIA
Central Railroad, to secure the payment of ,hs
amount mentioned Of erst mortgage bonds
which will be placed on the market to rails
money to construct and equip The road, Thos
A. Scott. is Vice President of the PonnsyIea-
MA Central and President Of the Shenandoah
Valley Road. The present indications are
that the Pennsy lyania Central Company vii
take hold of the Shenandoah Valley enter
prise. ard push it forward with its proverbia
emery, to its connection with the Souther,
}ines under lis control, which reach out inf
Texa-, and look forward to the Pasifc at So,
Diego, Calif,rnia, along the SD parallel O
latitude
1t is eotircly'possiblc that the subscription
of the counties between Staunton and Salem,
to the Valley Railroad, may be diverted to tn
Shenandoah Valley Road, provided thos
counties can be accommodated in the rout.
this road may take towards the South, If Bal
timore still continues to withheld her subserip
sion.
This is about the status Of the Valley Rail
road at this tme. A very short time will
doubtless develop the future purpose of Bal
s;more, and determine the action Of Rock
bridge, Botctourt and Roanoke.
FINANCE Ar..-Fbe Court IF Appeals OF