Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1873-05-29
THE VALLEY RAILROAD,
TIE WHOLE WORK Put UNDER cosrRAe

The president and directors of the
Valley Railroad Company were in
session in this city yesterday, earnestly
engaged in devising means for recon
cling all the difficulties which have
been in the way Of letting the entire
line Of road to contract, and securing
the first payment on the Baltimore city
subscription of one million dollars, by
satisfying our commissioners of finance
under the provisions OF the city ordi
nance, of the possession of means to
complete the line. al l.'s -.sana. ;
AS announced yesterday, the repre-
sentatives Of the different Virginia
Valley counties are here with the 80
per cent: Of their bonds in hand ready
for delivery. Most of the day was
spent in consultation, and finally at a
late hour last night, in-session at Bar
mum Hotel, it was formally determined
by the board Of directors Of the Valley
railroad to let the road to contract Fl ON
Staunton to Salem, Va, to McMahon,
Mason & Co., at the estimates of the
chief engineer of the road. The reso-
lutions adopted are as follows {:
Resozyed, That the president be
authorized to accept the bid of c. r
Mason, Edward McMhon, J. G, Green,
Thomas X. Menefee, Dennis Flannahan
and A. w. Hartman to construct the
road from Stanton to Salem at the
estimate made by the chief engineer in
his report under date of Goth September,
1872, and upon such lire and with such
grade, ETC., as he shall designate, pro-
yided the said contractors shall in their
said bid agree to accept in part pay
ment Of their contract price 10 per cent
thereof in proportionate amounts of
town, city and county bonds at the
rate OF 50 per cent Of the par value of
said bonds and provided further, said
contractors shall in their said bid agree
that this company shall have the right
to relet fifty nine miles of the said road
between Stanton and Salem, at q less
price than that named in the said bid,
if the said company can make such
reletting, and in case of such reletting
the said contractors shall have no claim
for any compensation of the part OF
said II a which is so relet; and it is
provided further, that if the said com
pany shall not exercise the power of
reletting the said fifty nine miles, then
the said contractors shall in their said
bid hold themselves to be bound TO
complete the hole line of the road from
Stauuton to Salem; and it shall be
further understood that the said rights
so reserved to the company shall not in
any way impair any obligations de
volved on the said contractors by their
offer to contract, and it is further pro-
vided that said contract so to be made
shall be Of no effect, and that the said
contractors shall have no claim because
of the same against the Valley Railroad
Company, unless and until the coun-
ties and towns and the city of Baiti-
more shall have made payment of thirty
per cent of the amount of their respec
tive subscriptions to the. stock Of the
Valley Railroad Company.
RESOLVED, That it is the intention of
the company to commence work, on the
road within sixty days, and to complete
tho read throughout its entire length
within the period of three years.
1t is known that the portion of the
road nearest to Baltimore, from Harri-
sonburg to Staunton, is now under
contract and in course of construction,
and is expected to be completed by
August or September next.-Balt. Sun.