The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1873-03-13
For the Virginian.
For the Vlrglnlah
Stanton Wants to Sell a lot Of Forfeited
Railroad Pledgcs-Eor References, Apply
10 Kuckbriiige County,

citizens Of Stanton authorized subscription
of $500 to the stock OF the Valley Rail
road Company, subject to all the terms con-
ditious and pledges then made to the voters
OF the city. 1t we turn back to the year 1917
aad only thius of the changed condition OF
the Valley Railroad company, then and now
we will iud it has lost every ycstisc OF what
it was pledged to be when we voted the Sioo,-
| 900 subscription. The Railroad authorities
then took the ground tha5 about 33,2oo,ooO
would complete the road from Harrlsonburg
ia Salem. Now, the estimate is mlde that
| it will require, in addition. hrst moftase OF
So 600 GOO, and if the interest on this large
mortgage is not paid promptly, at any time
after sixty days notice, the road may be sold
subject to mortgage, and when sold, as sold
it will be, the Bait and OHIO r. Il. Co. will
become the purchaser, and have the exclusive
control and benefits Of the Valley Railroad,
and the city as well as all the counties alang
the line, lose every dollar Of their stock We
ask, in all canGor, is this one of the condi-
tons upon which We voted the subscrip tlon
Again: it was pledged then that the Valley
Railroad would complete thu last link IN the
chain from New York, Philadelphia and Bal
timore to the South and Southwest, and at
ford direct means Of communication between
tie above mentioned cities and Memphis,
Vicksburg, New Orleans and other points in
the Southwest Now it has essentially chan
gel. This great highway has degeueratea
lnto petty tribltary Tor the benefit Of the
Bait. aud Ohio Il. 4. Company.
fhsN nIaf}ra3 fhan tbot ~ would rA
gin to pay as it was flashed, section by Sec
lion, aud i'll the construction of it, Sl,250.-
coo must be expended ia the county and city,
and that VIC must ali thrive and prosper ia
the midst Of such an outlay Now will the
merchants of the ,isy, and the laborng wen
answer whether this pledge has been forfeit
ed I? Aud just here We give quotation from
the 'Staun.en Spectator" that will be read
r-i.h deep Interest ia this crisis of cur city {:
One Of the greatest dangers now threaten
ing the interest Of the country, is the tenden
cy on the part OF large corporations to COM
bae ana form huge controlling monopoIies,
which, being soulless, to aacancc their o1gn
interest, hesitate rot to use tie nsesf corrupt
means to accomplish that Object aaa IN d.
ingso, ruii,iessly disregard tie Interest Of Ike
people" What thiuk the su!,st antiai citizens
CT this timely ana real warning? Can you
consent to such :. large increase OF the funded
debt Ct the city, when the conditions of the
subscription are SO essentially changed 1t
would be laoustrors ii the property OF this city
ia TO be held 10 the hands Of these huge rail-
road Combinations, and they to dictate their
own terms! The question may be asked, how
are we to honorably get out Of the subsc:ip-
lion fox If the question Cd voting $3.50, GOO
to the Wiley Railroad were again submitted
to a vote, We woull decide against it, We
assume that the pledges and conditions then
made have essentially changed, and it is just
rs feasible and jus, rs easy to instruct the
commit the city directly or Indirectly, to the
payment Of the Subscription, until The terms,
pledges and conditions. acc2rdin. to the un
dcrstantiiag and intent of the voters. ara
strictly complied with and accomplished. -
The ciiz.ns should take tnis vital question
into their own hands and not leave it alone
to the City Council, in its present complies
ted and tangled condition. lie. lis ieaions' j
watch our own interests, ri lie We have it in
cur power to resist !. tax that will be giiev-
ous;y oppressive, and Stand StiH will take
the place OF our present ci;y-like appearance.
\ VOTER
[I'hc editor Of this paper does not agree
with ,:Voter" What he calls 'tcrns, plad
ges aud conditions, we're merely arguments
The legal coud lions are embraced il: the or
daaacs Of subscription. They are binding,
whenever the ValIay Railroad company coa-
pig with then:l