Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1873-01-17
cor otherwise" in this proviso we're inserted
to meet this identical point.

cor otherwise" in this proviso were inserted
to meet this identical point.
It becomes question Of grave considera-
ton, whether the action OF the Finance
Commissioners in refusing to pay the City's
quota, on such slight grounds as techni-
cal objection to a single proviso, and that
one stripped of its spirit and meaning, as
understood by all the other parties in inter-
est, is warranted; especially 50, when no
reference whatever is had, to any other con-
dition Of the ordinance
And further whether their action docs.
not also Ill measure involve the fair name
of the city, as wei! as its comm ,rcial pros
perity.
Let US refer Mr. Editor to tbs ordinance
itself, for ligat on the subject.
Sectioa 1st Authorizing and requiring
the Finance Commissioner to make the sub.
serption reads as follows
Provided. however, that such subscription
shall moi be made, until the further sum of
| So 200 900 shall have been vail dly sub
scrbed to the stock of said Valley Rail Road
Company, either by counties or towns in the
Valley of Virginia, or by persons or corpo-
rations, solvent and able to pay their res.
pective subscriptions nor until at least 80
per cent of the amount Of every subscrip-
ton which shall be made to said stock by
individuals or corporations, other than said
counties, shall have bssn paid in cash to
said Company.
Here we have the amount of ths stock
subscriptions fixed, aud as condition, prece :
dent to the Cty's subscription, this sum was
considered satisfactory and ample, for il
passed the Council, was approved by the
Mayor, and subsequently was ratified by
vote Of the people.
When it was known By the Couueil be-
fore the passage of the ordinance that the
| 1900, 900 stock subscriptions were made
quate to the completion of the road, to put
| any other construction on their meaning,
than, THAT provision for the means to con-
strucs it through its entire length" meant
anything else but to mortgage it, would i'm
ply an ability to build Railroad without
means, and mortgage it before it was built.
/ cannot but think that such were also the
views OF the Finance Commissioners uatil a
recent date, for the strict examination Chat
I learn they made) as to the fa Glnens OF the
| oOiISd ticaS vi el. oouot oUooot ioo1 > " huo
stock of the Company, before SUB cri 1iag
the City's quota, wo aid hardly justify the
supposition that it was then taeir purpose
to refuse to pay the City's subscription on
any such slender grounds as a technical OBJ
lection to proviso stripped Of its spirit and
meaning.
With regard to the wisdom of the Coua
Gil in making the subscr;pt no one look
ing to the commercial prosperity of the City
| of Baltimore can for q moment doubt it..
By this Valley Road, Baltimore NOT only
secures another direct connection with the
great West, but has the further great ad
vantage of aa all rail line to New Orleans.
If these connections with through lines
traversing the productive regions embrace d
between the 81 and 81 degrees Of N Lati-
tude, which furnish the bulk OF the foreign
exports of the country, are thong ht now too
dear by the Finance Commissioners, at q
subscription of Million of Dollars, they
will no doubt at later day, think ''other-
wise' Gas the meaning of this word seems to
be the STUN bling block) when they see their
commercial rivals, reaping rich harvest
from these avenues OF wealth which geogra-
phically belong to Baltimore l verify be-
lieve that unless these geatlemen re-consid-
er their action, they will realize the fact
that in a business Of the magnitude which
this subscription involves, it is bad policy
to strain at gnat, while their rivals are
swallowing camels. q.