The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-01-18
llr Robinson, beins Pushed 10 the
Wall. Takes Time to Consider.
S0ME RICH READING.

Al meeting Of the Senate Committee on
Ponds and Internal Navigation held on FIJI
re, morning, January Eth, SI3,-pre>ent
Nr.>r>. Tavlor Of Norfolk (clIairman). Terry,
CIr>,nberrv. Ward, Holiday. Thomas. Nut
r.r-. and SmitEl--the committee resumed the
,,usiG.ratiou Of the hill amending the char
t,r %. ,hr Petersburg Railroad Company, in
r,rducvii III the Senate 10y Mr.. Greene, Of
Petersburg.
A. the request OF Mr.. John Lyon, of cOun-
,,l Ior toe Petersburg Railroad Company,
Mr. .Inhn Vi. Robinson was called and cX-
ainjucd
MIR. Robinson ,ni,l I reside in the city of
F.}tlmorc: have been president Of the Sea-
beard and Roanoke raIlroad five years, or
y,Y'ills longer. Ny Immediate predecessor
Wt, Mr William l.. savage: he occupied the
,4,,idrnry from the close of the war until
my election To- the position, | being III the
mean wlil" nolnnally m1na~ing director.
hu. practically the president. II was thought
lri'.: thp; should not be generally known
rs ~" president because OF my recent con-
rryti"u With The Confrd",at" army. Before
vi. >;Na.", Mr.. Stmur VI. Wilson was pre-
.dcut. 1t tho time was president was
/, resident Of Norfolk. At present j am also
ric>idcnt ~ the Baltimore SiCan-I'nckct
,umpaur or Nl Bay Line of steamers
havr h"rn president of that between four
and five wears. There j. n" corporate rca-
ton between The EaIiinInr" :>lpam-Packet
Company aud tho SCaboard and Roanoke
railroad, on" being chartered by the State Of
Maryland aud TIE other by the States Of Nir-
siuit and North Clrolina but the Scaboard
md Roanoke Railroad Company owns Que
r!Itrd Of The stock in the Bay Line.
Mr.. Lyon: haze before me an act OF the
General Assembly OF Virginia. passed Jan,l-
Hry 10Th, 1898. concerning the >eahoard and
Roanoke Railroad Company, the twenty
second section Of which provides that notice
hall be published Of every dividend declared
rs that company. When was that laSt done:
Mr.. Robinson: ottcl you just now:
that duty evolves upon the treasurer. or he
generally directs the publication. suppose
i.utcr was published tho last time rs usual,
hut did not see it. | do not remember
positively what the average dividends of the
cumlunv have been since the war, but for
The last two years we have declared divi-
dvnd OF about -four per cent. each six months.
They may have tccn tbrcc-and.a-half per
cent. pr aunum before that. Several divi-
l.nu> have bucu declared / cannot tell you
IL" gross amount. think for three or four
Years more or less, the dividends have been
ivIu rent. each six months.
Mr.. L. Y. Daniel, JT.: Nr. Robinson, YOU
II" wrong; s,ml-aunual dividends of four
FER cent. have not Eecn declared for as long
a. four wears.
Mr. Robinson Well. ! do not mean TO
speak positively. | knew that for two on
more wears after the war there was no divi-
'jcnd. the road having been broken up.
Mr.. Lyon then read nn act of Assembly
passed February IS, 1858, Session Acts, p.
l2i,l and asked. "D0cs the Seaboard and
ii"nnUkr kalGuad Company own any boats
nHdcr The power given by this act!"
Nr. Robinson: No, except as hive men,
toned, and tug for transferring goods be-
tween the depot Of the company in Ports
mouth and the Baltimore boat. | said before
HAT the Scaboard road OWES one-third OF
ia" capital stock Of the Baltimore Steam
Packet Company, and the capital stock of
lbal company il 100000. The larger
ani",nts Of the balance Of stock are held
by different gentlemen, residing in Baltimore
'h;"tIy, and some in Philadelphia.
~ruator Taylor: is not some owned In
Norfolk:
Mr. Robinson: Not now, think. own
seven shares and my father thirty-tive shares.
senator Qucsenbcrry: What is the par
value Of the stock?
Nr. Robinson: About $1,000. So my fa-
ft"le Is worth about $50, 900, and mine ST.
"''' Lu"h share votes as one. There are
iuEc Owners in Baltimore, but 1 cannot re-
""iiect ali their names. Thomas kel>o is one.
hn' d" not know that | have right TO
rlN" The names of the stockholders and the
amounts they hold, except so far rs land my
,n"i'y aIc concerned. The Scaboard and
Roanoke Railroad Company is, as have said,
considerably the largest shareholder; no
U'"tI person owns hundred--indeed, |
,"L'Ih not ntiy-sharcs. The largest stock
'o,lers are i'll Baltimore and Philadelphia.
-. M Lyon: wish TO know the names Of
,n">c Stockholders who control the company.
or,s ION scott ownuny:
NJ kobIison: No, sir; noue that know
Mr.. Lyon: Does William T. Walters own
any:
., Nr. Robinson: None that know Of
'i.ii Datncs are not on the books.
-lr. Lyon: DO not many persons own
S'',h without its appearing in their namet
hr. Robinson: do not know that that is
'' "'ht. Ny father sometimes votes as
f'"As lnr other stockholders.
W.T. Lyon: Are not enough usually eu-
".1''a 70 lim To control the vote cast?
Nf' Robinson: think not enough to con-
~" eHhcr company. i will say here that
'', 'ute'ings are generally harmonious.
NJ Lyon: But | want TO develop before
Un. n oenatc and the country the tact that the
s,"oihSoh s,oh interest controls the Baltimore
In'paeket Company.
,.,'i Ht Robinson: Well, sir, have no besi- !
,Ia ,I''pn IA telling you tiiat the confidence !
tf's"su | t Dy the stockholders in my father, and
ppiS III mSspH lead fi,c,n tf rail-, n,,.