Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1873-05-23


great deal interest evinced here in the past week
regarding the completion of the subscription tt
the Valley Railroad, which was to have been Ell
fected on Friday last in Baltimore. The featur
of the news upon which most anxiety centered
was the subscription which was to be made b.
Baltimore of her 80 per cent. 1t appears tina
the following letter was written by Col. Har
man, to the FinaLce Commissioners in Baltl
more, who have it in their control to make thu
subscription
" Barnum's Hotel, Baltimore, May IL, 1872
Hon Joshua Vansant, Robert 7. Baldwin and
Charles J. Baker, Esqs., Commissioners of FL
nance of the City of Baltimore
| The representatives of the counties OF Rock-
| bridge and Botetourt are here ready to deliver
the first installment go per cent? of their bonds
in part payment of their subscriptions to the
stock of the Valley Railroad Company. The
represen alive of the county of Roanoke is now
on his way to this city, as we advised by
telegraph, with like authority Thirty per cen
tum of the bonds subscribed by the city ofStaun-
ton and the town of Lexington are now in pos
session of the company, IN escroao, to be absolute
when the conditions complied with. The
company is now quite ready to proceed with the
execution of the contracts to build the road re-
quired by the ordinance.
therefore respectfully ask you whether, Ia
the light of these facts, | am at liberty to say
that upon the delivery of these bonds absolutely
and the execution of proper and valid contracts
to build the road we may rely on the payment
of the quota of the city's subscription. diff
Guilty in our way at present consists in the fact
that $l25, 900 of the $525, 900 subscribed by tho
county of Rockbridge and $780, 900 of the Staun-
ton subscription expressly dependent upon
The action of this city. You will at once per-
ceive that this constitutes strong reason for de
String to know your views on the facts as they
are now presented.
Yours, very respectfully and truly,
an. G. HARTMAN"
No answer was received to this communication
and after spending Friday in consultation, at a
late hour that night in session at Barnums no tel
Baltimore, it was formally determined by the
board of directors Of the Valley railroad to lei
the road to contract from Staunton to Salem,
Va, to Mcmahon, Mason & Co., at the esti-
mates of the chief engineer of the road. The
resolu tons adopted are as follows:
"R esolvei that the president he authorized to
accept the bid of G. r Mason, Edward McMa
hon.. J. G.. Green, Thos K Menefee, Dennis
Shan nahan and A. W, Hartman to construct
the road from Stanton to Salem at the estimate
made by the chief engineer in his report under
date of goth September, 1872, and upon such
line and with such grade, ETC., as he shall de-
sign ate, provided the said contractors shall in
their said bid agree to accept in part pay ment of
their contract price 10 per cent. thereof in pro-
por Tomato amounts of town, city and county
bonds at the rate of so per cent. of the par value
ofssLid bonds and provided further said con-
trac tors shall in their said bid agree that this
company shall have the right TO re-let fifty nike
mil es of the said road between Stanton and
Salem, at s. less price than that named in the
sal d bid, if the said company can make such re-
letting, and in case of such re- letting the said
contractors shall have no claim for any compen-
sation of the part of said road which is so re-
let ; and it is provided further that if the said
company shall not exercise the power of re-let-
ting tn e said ffty-nine miles, then the said con-
tractors shall in their said bid hold themselves
to be bound to complete the whole line of the
road from Staunton to Salem and it shF II be
further understood that the said rights so re
served to the company shall not in any way i'm
pair any of the obligations devolved on the said
contrac tors by their offer to contract, and it is
further provided that said contract so to be
made shall be of no effect, and that the said con-
tractors shall have no claim because of the same
against the Valley Railroad Company, unless
and until the counties and towns and the city
of Baltimore shall have made pay ment of thirty
per cent. OF the amount Of their respective sub
scriptionsI of the stock of the Valley Railroad
Company.
=" Resolved, That it is the intention of the
company to commence work on the road within
sixty days and to complete the road through
out It's tire length within the period of three
years.
The Baltimore Commissioners of Finances,
held meeting Wednesday, and recognizing
that the exhibit of resources was satisfactory,
and that the putting the road under contract
bound all the parties in interest took action au-
thoriziRg the register Of the city of Baltimore
to issue it's bonds for the payment of the first ID
stallment of so per cent. on the city's subscrip-
will now be built right away to Salem. The
Baltimore Sun, and the Salem and Lexington
papers, all have editorials rejoicing al the hap
py termination of the affair.
PERSONAL Hon. W. L. Scruggs of Georgia,
U. S. Minister to Bogota, was in the city last
week securing residence for his family during
the summer months. He proposes placing his
children at school here.
Rev VIM. S. Baird, of the Baltimore 'Epis-
copal Methodist" preached at the Methodist
Church here Sunday.
Mr. Harvey Risk, has been appointed by
Judge Rives, U. S. Commissioner of his court
Mr. Risk has held several Federal offices in this
community and made himself acceptable to the
people i'll all of them.
Mr. James F. Netherland ths efficient General
Ticket Agent of the Chesapeake & Chic R. R.
Co., has been promoted 10 the position of Audi
tor of Revenue for the same company.
Mr.. N. P Catlett,' Teller of the Valley Bank
had an ankle badly sprained Friday night
by falling into the New street cut. The city has
used no proper precautions to prevent such acct
dents and if the sufferers, for this is the third
one, would sue the corporation, they would ODE
tain such damages as would induce more car
hereafter.
Hon. Jno t. Harris returned here from tho
St. Louis Congressional Convention, yesterday
afternoon.
Rev. George B. Taylor, late of this city, is at.
tending the anniversaries of the Baptist Ma
tional societies at Albany, Y.
THE New POSTAL CARDs.--Dscidedly, the ex-
citement in Staunton now is the new postal
cards Every body wants them, but they are
not so easy to get The acquisitions filed at the
Postal Department are for 5000 000 and so
far, up to the 18th instant 100000 have been
issued Postmaster Sears ordered 5000, but