The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-02-08

he said $500, shares os .I pa.arsh,,rtr ware
/ ahased from the city OF feterspu.g me.e
hsre lin possession OF the Board OF tupi,c
work.. and there are ! 200 shares winch be
received from the city and the scrip for winch
has been shown you. 80
lars worth Of scrip issued except upon trans.
fer Of old scrip taken in, cancelled, and flied
away when new scrip was given for 1t. NO
mortal man has received any other SCRIP.
When scrip Is sold 1t IS cancelled and trans
fcrred, and new scrip issued. Those are the
only kind of transfers made. 49,,
Judge Crump: Then, no new scrip mas
been issued except for scrip sulfeiueieo
Judre GRIMM: Then, scrip has not oech
issued for all Of the 4, 490 SHARES oo'sNs -
the city of Petersburg? T. ,,ohtv
M PaoIond. tt seems that 1t IS m!silty
hard To make Won understand. HOW cou,o
re,v acrin he issued when the Ole IS lying III
the State treasury? Scrip has oeen ISSUED
for ali the city has delivered-for all the Guy
hoe ,een able TO delivcr-and not the amount
If 1--WE cents more than that, not unless the
scr;n WINS carried in and transferred ana nc"
issued. am not going to swindle anybody.
Whenever the books of the Petersburg RAIL
ro,d Company are examined after my ad-
ministration. they will not be found in the
condition they were when ] received tncm'
although some directors have, on leaving
their high positions, brought suit anu 1
should be ashamed to have to ask another
president to release me and not to DI1ng
suit against me for malfeasance in ONCE.
Mr. Ragland, continuing, said that during
the thirty wears of his business life, for nj
teen wears of which he had been a bank pre-
sldent, no man had ever dared breathe a
word detrimental to bis character, ana no
man dared make such reflection, unless, as
ON Yesterday, man comes and asks the pro-
lection Of the committee. When q man ac'
cused him of fraud he had better ask protcc
ton. He defed any man to raise any sucn
suspicion.
Judge Crump: The resolution oil the stocR
holders directed the issue, and supposed you
had complied with Its requirements.
Mr.. Ragland You could not suppose sc
when the stock was exhibited here yester
day. go
CURED to issue it. :,
Dir. Ragland: When the other is brough,
in and the new called for. 1t is never issued
untilcalled for; no new scrip is issued until the
old Is brought in. cancelled, cut to pieces Al
cheques are cancelled. thought you knew
me too well, Judge Crump, to ask me sucf
questions.
any injustice. but
MIR. Ragland No; and if any man i'm
peaches my integrity have my recourse.
only say what do to put you on your guard
Judge Crump: Well, I do not require tc
be guarded at all. shall do nothing out
side of the line of my professional duty, hui
I shall not shrink from doing what con
ceive to be my duty. do not wish to make
any impeachment not warranted by evil
dence, or hurt your feelings in any way
But hold myself accountable for what dc
and say.
Mir. Ragland: believe you do, Judge;
believe you are that sort of man, and that j:
| the reason talk so plainly.
Mr.. Lyon: / think, if the gentlemen viii
| allow me, can pour
OH. ON THESE TROUBLED WATERS.
Judge Crump: Tt is not necessary, sir;
never lose my temper. l am perfectly cool
shall impeach no mans integrity unless TIT
evidence impcaches it. i have no persona
feeling against Mr.. Ragland, but intend tc
do my duty.
MIR. Ragland repeated that he professed tt
be nm honest man, and he defied any MIN tt
| bring any evidence TO the contrary. Wha
be said was merely cautionary. Lawyers
very often make destinations, the weight O
which they do not fully realize.
Judge Crump said that he was not in th'
habit of doing anything for which lie did no
| hold himself accountable.
| The chairman of the committee here inter
| vened to keep the peace, and expressed the
| hope that the gentlemen would refrain from
personalities. He thought there was nomis
| understanding which was natural and cout
not he easily explained.
Mr.. Lyon said Judge Crump seemed to be
under the impression that new scrip hat
been issued for the $500 shares in the hands
OF the Board of Public Works, but he knew
that this could not be done without fraud
without committing n criminal offence. IL
would therefore repeat the statement of Mr
Ragland that the $500 shares held here in tn
name Of the city Of Petersburg had not beel
substituted in any manner whatever.
The Chairman suggested that scrip nigh
| possibly be issued III duplicate Wlthou
being criminal offence.
Mr.. Lyon: Not criminal, perhaps, but un
lawful.
| Judge Crump: Then understand you t
say, Mr.. Raglapd, that this scrip is held b
the State and there has been
| . NO ISSUE IN IT'S PLACE?
u Mr.. Ragland: No, there has not.
. Judge trump: Was there an increase 0
sc, per cent. upon that scrip By direction o
the Board Of Directors?
d Mr.. Ragland: AS to that you will have t,
ask some one else. / had nothing to do will
the railroad then.
Judge Crump: There was, believe,
scrip dividend declared in 1861 and 1862 l."
so per cent. In 1872 you claimed, after max
Inc your purchase from the city, that thu
stock you purchased was entitled to that in
crease of 5O per ccnt.-that, is that the com
mon stock sold to you by the increase 0
1861 and 1862 became preferred stock.
would like to know with respect to the 1,G0(
shares delivered TO you and held by the city
Us common stock up to that time, whether
it was issued again as common or as preferred
stock
Mr.. Rasland: 1t was not issued at all.
Judge Crnmp: thought you got 1,G0C
shares?
Mr.. kagland: One thousand two hundred
and ifty-iye shares have been delivered.
| Judge Crump: Well, that number was
transferred to you? "r.
Mr.. Ragland: Yes.
Judge Crump: Well, was that reIssued as
preferred or common stock What is the
| form Of the new scrip?
Mr.. Ragland: 1t was issued the same as
before. No new scrip has been made out,
except that book was prepared which de-
signates the preferred stock. When the
preferred stock Is issued it will have its ear.
mark.
Judge Crumr: But none has yet been
issuedp ..'.....
Mr.. Ragland: None. ..-
The Chairman asked If the holders would