The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-01-25
VOL. XIIV.

the emergency. and in pursuance of the pol
icy recognized by the General Assembly, and
which influenced the pasS;,.c.of The aforesaid
act, the company purchased 5.Gi2 shares OF
stock nj about $50 per share, and this Is The
amount the Scahoard and Roanoke EIl'road
COMPANY owned at the last annual meeting
Of the Raleigh ind CASTOR rairoad; since
which iinc the Scabnard and Roanoke rail-
ruad have acquired 800 additional silafes nj
about the same rate. The accumulated pro-
fit rt the road above its dividends Tor scVf-
raj wears were applied to the SAID purchase,
and here + take OCCASION to state that the
profit, of tho Scaboard and Roanoke Rall-
road COMPANY. from "toIIs and tranSportt-
tom i'm no rear have exceeded ID per cent.
upon its stock.
I'd. II il had been known that the Seaboard
and Roanoke Railroad Company was buying
stock in the Raleigh and CASTOR Railroad
Company. the motive of protection and Sc
curity which prompted such purchase
mich, and naSi Jrolahiv would blyc been
defeated bv Il RAPID advance in the price per
share. and hv competition on the part OF The
Southern Railway Security Company and
others. who might have desired to have tic
Scahaard and Roanoke railroad cUt OIL lis
communications and destroy its business. It
vas therefore absolutely necessary to MAKE
m,.chaScs Of said stock III The names o1
irjcDdS cf the latter company until Its salriv
y,a, assured. and not disclose ill then Tic
name Of the real purchase: and in 80 d"ilig
the Sraboard and RoaNVk" railroad merely
uursurd the course OF the Southern Hallway
Security Cculany. aHd practIccd hy mr.
Racland, as understand. i'll his purchases OF
the Petersburg railroad stock.
Sd. The >cabourd and Roanoke Railroad
Company has huugh: the 80 shares OF stock
in the Raleigh and Ga>ton Railroad Com.
panv owned in the year 1861 by The city ri
Norfolk. Some time in the year ISL the
Scabnard AM; Roanoke Railroad Company
loaned to the city of Ncrfolr, at the request
of that city, the sum Of So, ,0c0, and the said
city conveyed the said I35 shares of stock by
decd 20 George w. Grice in trust to secure
| the paymcnt of the said loan, and tran !tcTrcd
the said shares 10 him the said G. W. Glice)
| Il, trustee. Since such transfer the sald STOCK
| docs not appear in the name of the said city
| i'm the iSl of stockholders OF the Raleigh
and Castor railroad. but in the Maine ut the
said trustee.
| 4th. The 735 shares Of stock oi the Ra"
leigh and CASTOR railroad reported in the
name Of ". ". Chamberlaine, trustee, were
| held By him in trust to secure TO the Citizens
| Bank Of Norfolk the payment OF loan OF
some &c, 900 or $4,000 made by that bank
to the said city. When the city paid to the
| said bank the sum 50 lcut Nj. ChanIjcrlainr
rctrau~!crrcd The said I3:: shares of stock TO
the said city: after which his name aG trllS-
t.c disappeared from the list Of stockholders
Of the suid Raleigh and Castor KIIroad
Company.
5th. The 125 shares Of Raleigh and Castor
-, Z. ,sfn,Ii,,r ir,f fbn pf{ w
Grice, trustee, are the same 135 shares that
belonged to the city OF Norfolk. The said
G. W. Grce is the trustee. to whom the
stock his been transferred, and in that capt
city i equally The agent Of the city Of Nor
folk and The Saahosrd and Roanoke Railroad
Cum,mny. He has no official or other coii-
ncctirn with said S;aboardand Roanoke, cE
ccit hat hc has been employed tn look after
its interests in North Carolina.
". Has not the Scahoard ard Roanoke
Railroad Company, or lis officers or control
lers, or some one or more Of them, in some
way obtained possession or control Of 3d.
600 of stock in that road formerly owned by
the city ni Norfolk If SO. state when. how,
by whom and upon What terms. and what
amount Of TIC profits Of the Srab"ard anH
Eouiu!.c Railroad Company were used.
loaned, or expended thereon:
Answer: AS Neal " IL can ascertain, in
the year 1898 the city Of Nolluik sold I00 ol
the 40 shares of the stock of the ScnG2trl
and Roanoke railroad which il owned TO the
executors of Samuel Mcdowell. and in 1869
the rclnaiuiug 80 shares OF the SAID stock
V ere sold by That city To Eirt!ard D'rks".',
Esq. The ScaEoard and Roanoke Railroad
Company has never obtained possession or
rontrol of that stock. nor h;r; any pi il>
officers obtained such possession except the
said Richard Dickson, who bought the said
10 shares. He is now Il director i'll that COM
panv, though not al the time OF his purchase.
Y. Show the committee how YOU Is
President uI Tie Baltimore Stem-Packct
Crm,rlny account 10 the Scahoald and Ro&
nnkc Railroad Company for its dividends
upon rnc-third Of the capital stock OF tie
Baltimore Stcaln-pacf;ct Company, and
c<recia!Iv whether YOU allow to the city Of
Norfolk, AZ holder Of .000 OF the stock
of Your Scaboard Company, any share Of
the profits made upon and by the Balti-
more Stcam-Packcl Company.
Answer The Seaboard and Roanoke rail-
road OWNS III shares Of the >tock nf the
Baltimore steam Packet tomlmny--; little
less than onC-tiIird Of SAID Stuck--aii The
sai Baltimore Stcam-PackCt Company pays
| the dividends on the stock Of that company
owned bv the Scahcard and Roanoke knll
road Company to the treasurer OF the latter,
in like manner as 10 any othcr stnckhoItci.
The city Of Norfolk own; 40 stock in the
Scaboard and Roanoke Railroad Company,
and therefore docs not la'tlcil@te IN the
profits or dividends paid to said Scahoard
aud Roanoke Railroad Company hy the Ea-
timorr Stcam-Packct Company.
VI. What interest in or connection with
the Potomac Steamboat Company has the
Richmond, Fredericksburg and Potomac
Railroad Company:
Answer: 1t owns onC-third Of the stock.
VII. W hat interest in or connection with
the Potomac Railroad Company has the
Richmond. Fredericksburg md Potomac
Railroad Company!
Answer: The Riclmchd, Fredericksburg
and Potomac Railroad Company is the ere
ditor of the Potomac Railroad Company and
liic mortga"ee in possession Of the property
OF, the Potomac iiallroad Company, mort
gagged TO secure its debt to tic Hirlnnond.
Fredericksburg, and Potomac Railroad Com.
pany.
VIII. BY what authority of law, or hy
what authorization Of your siockGo'drr1,
have Won used SI09.740.j3 Of money belong
inc to the Richmond, Fredericksburg aud
Potomac Railroad Company to buy or othcr-
wise acquire al interest IN what Is called ahe
Potomac Railroad Company-or "the lex
lin quarter :"
Answer: The amount CT money mentioned
in this question WAS Is the Richmond, Fred
cr,cksburc and Potomac Railroad Company
advanced and loaned out of its reserved fund
10 the Potomac Railroad Company, the loan
being secured by Il mort gaze or deed of trust
on all the property and franchises of the Po-
tonac Railroad Company. This loan was
made 10y order of The Board of Directors of
L., tlnim iA.Il