Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1873-02-21
THE VALLEY RAILROAD. There is nothing
more definite about the success of the Baltimore

AlOlC ucuulte dUUut Tie SuCCcS6 VI tue DdItlMOEo
subscription to the Valley R. R., than was pub
lished in the last VINDIcAToR. The committee
on ways and means of the Baltimore city coun-
Gil, made a report, coldly viewing what the
friends of the road confidently considered, suffic
ent guarantees upon which to ask the ST. ,O00 600
subscription of that city, expressing their conf
dence that the friends of the road will see that
no ''half way measures" will avail in getting it,
commanding The Finance Commissioners for
their hitherto partlcularity about satisfactory
guarantees, and recommending continuance of
it, and concluding that ''while recognizing the
fact that the Commissioners of Finance cannot
upon the evidence now furnished, express the
requisite satisfaction with the provisions Of
means to complete the construction Of the road,
yet they Cannot doubt the ability of the compa-
ny to effect such arrangements, as will make
their claim to payment by the city a valid one ;
and they conclude with resolution, which was
adopted fully endorsing the position taken by
the Board of Finance in regard to the subscrip-
ton of the city, and recommtting the whole
matter to their discretionary action as provided
by the terms of the ordinance under which the
subscription was authorized
-<o<@sa1>ec >4es-
TIE Bondholders' and Legislators conference
in Richmond has adjourned. Judge Cochran, of
Augusta, presided over the Legislature commit
tee, and the bondholders were represented by
about dozen gentlemen representing Sc 900, 900
out of the S32, 900 900 the State owes, some OF
them representing stock held in England and
France. TIE general impression that seemed to
hinder any action, was that the action of the
bondholders present would not bind the absent
ones, but the following proposition, offered by
the Legislative committee, WAS accepted by the
boudholders present, who promised to use their
influence for its acceptan ce by others:
ITO provide by proper bill for the payment Of
interest due 1st January, and 1st July, 1873, as
follows:
"Pay at rate, as follows: Four per centum
per annum on funded debt. Four per centum
per annum on two-thirds unfunded debt, and at
same rate on f We per cent. bonds.
''For each coupon redeemed Co issue g certif-
cate for one third, to the following effect 'Due
by the State of Virginia to the bearer (one-third
amount of coupon redeemed without interest"
This proposition has no reference to an
money due except that of 10, and does not pro-
vide for the coupons of'72 The committee W Il
recommend this plan to the legislature.
-c-ss-
The OFFICIAL ANNOUNCEMENT OF THE
PRESIDENTIAL VoTE. The joint Committee
Of Consr ss-a senator and two representa-
tives including Beck, Democrat. Of Ken.
lucky, announced to President Grant the
result of the official count saying that:
In performing this official duty we take
occasion to tender you our hearty copgratu-
lations for the eminent civil and military
services you have had tbs good f,rtune to
render t, the United States. aud to express
our confident hope that your administration
during the term for which YOU are now
elected. will promote the peace, honor and
prosperity of the people of the United States,
without respect to sectional or party divis-
ions
IN reply to this letter President Grant
sold
II sincerely appreciate the renewed evi-
dence of sat sfaction with my ADMINISTRATION
When | was elected four years ago there
was less regard for party lines In the last
campaign political differences and personal
hostility were clearly defined by the lines Of
party, but notwithstanding this. shall con-
tinue to endeavor to make nay administ ira.
ton of the Government enc which will NEE,
not only the approval of the great party
which elected NE. hut as well of all the peo-
ple of the United States
The Committee also announced to Sena
tor Wilson his election az Vice President