The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-02-08
bonds used for the purpose,.sof ratsiDue

bonds used for the ptirpose1.sof raising &
money! s..sst Il, sfs II d sTlt s
Mr.. Raglnd II cannot say exactly that
any portion of them was /: ed for that exact
purpose. There are st5l, 900 OF the first
issue on hand. There were some notes is.ai
sued by the company; we found $24Q, 900 Id 4
the bank to pay this dehts end It was &
paid by the Railroad Compa 80
Judge Crurnp: Tolmean there are $f62.
600 cf;these eight per cent bondg and then
the rest Of the money MAS raised by thenoscs s
OF thec0npaDy. l .s;t y
Mr. Ragiand.: Yes, sir. sSs5s. a,.sss q TX
| Judge Crump:, We're thesnotes delivered
to the parties in interest for the Sa43 $50
Mr. Raglaad: Notsa dollar. It5 was paid by
y check on the bank, and the money was i
there. ss,5E II. If 81 50 ~
Judge Crump: Was it not paid. on the 4
very day on which the order YVES made BIZ
the stockholders to paytit? 4.3i .
3ir.! Ragland: ] don't recollect. but the
records will show. - ~
Judge Crump: ! ask because, yoE oh.
serve, your report Is not in for 1872. IL
your report ready Z ~
Mr.. Ragland: No, SIR; have been sick, s
and have been over here ia great deal OF my 81
time ;.but we never make these reports until
our stockholders meet in March
Judge Grnmp: I want to ascertain from
you what was ljis1ses -
j., THE ACTUAL DBsT OF THE COMPANY.
see what it is psto January, 1872; that ;
therewere these $500, 900 in bonds and an 4.
old debt of $4,000 Of per cont. bonds.
Was that paid! ,.sss s. ,s...s' =,
Mr. Ragland There i, no ssiuic.sh ssiucsh debt y
now. There is no debtagainst the company
except what told you. The. S500,080 lin
bonds are out and about 500, 600 OF floating
Judge Crunp: Well, the s2za,oo Was paid
by checks to the parties yo,i Mad two-ffths
and the others had one each I? sfa5 sssisti1fs;s
Mr.. Ragland lit was 'a.l paid by cheek.s ,g
Judge Crump Then, a. ! understand Il,
at the time you received this $4,000 Ion
| had only paid about S150,000f - - -.
Mr.. RagIand: paid $4,000. tss ~ -
Judge Crump: And you reCeiIediof this
city stock S249, $50? 3M .ag}sas1 ass8 gs.
Mr.. Ragland: I received what theg. owed
Judge Crump: So far as that operation Is
concerned you are t'@.aS f'i3ss,z =
ABOUT ONE HUNDRED THOUSAND DOLLARS IN :.
Mr.. Ragland2 Wen, r ttion's know exactly;
but the figures will tell II the calculation ID ~
made. -, a.esess
Judge Crump:. Well, It is 80; IS It not
You have paid ont 1854, 900, aud you have Z
received sS49, 900 !; and it.leaves about $780,. |
900 IN your favor. ~, 90 ct @t-sts zs'ss'lt
MIR. .Ragland: Let me correct you there;
there was some of this preferred stock out,
si8e .+.iS rssftI sEsEt,s'i ts3r ~ l3ssSs:
Judge Crump You got sa4o, $50 that Is
| exactly what you got -ssR r ~ sis9tst
Mr.. Ragland': That is exactly what / did
get 80 ''i.t ~ - 'ss,. s'ssf SO .'2Si
Judge Crunp You paid for the stock out
of what you got--tliat S154, 900. The pre-
ferred stock was held as follows, March 20.
1872, according to the report Mr. Raglaud,
4,490 shares; Petersburg Savings and Insu-
rance Company, 200 shares !; Thomas Branch
& Sons, 10S shares ); r. A. Young, 10 shares;
e. ". Scott, 10 shares; W. Il. Mallory, 10
shares; John Donnan, agent, shares; John
Donnan, 5 shares; r. X. Bridgers, 8shares;
stock, 1852. :shares. But here is the res0lu-i
ton: ,,ss... , Is .a.t.. !. ,s.;..ssB 4
"Resolued, That the Board Of Directors
cause to be issued to Reuben Ragland, the
Petersburg Savings and Insurance, Thomas
Branch 4 Sons, Il. A. Young, Ii. Wsscott, q
i W.. Il. Mallory, John Donnan, agent, John
Donnan, r. L. Bridgers, and to,S. A. Plum-
mer, or their assgnees or transferees, certif-
Gates for the preferred stock held by them,
: respectively, as stated in the report OF the
board of directors" tR Il @;tFZts )
The Board passed the following s.rs+ @si.
Il "Resolred. That ting, Board Of Directors
, and Treasurer pay to Reuben Raglsnd the
sum of S249, 1850, in fun satisfaction Of all ar.
, rears due upon the 400 shares of preferred
stock held by him, and to any other: holder
of preferred stock such sums of money as
may be foI,nd to be In arrears and due upon
! said rteck.S
. Mr.. Ragland: That is right; they all came
| in and received it. S. B. Paups institution
and Mr.. McIIwaine, who brought htsuit against
me, came in and received it too. want to
:, show that they all received the same, 40 that
if there is anything very dirty about 1t these
: gentlemen all came in aud took the same loaf
|, did,; d ,,;ole1 .-sfso - .s1is :,
Judge Crump: You took Of this, bread
upon the advice Of counsel? na5
; MIR. Ragland I did, and upon good sound
> Judgment of my own ~" =" ,.,,
Judge Crv,mp !: J. only want to know that
1, you did receive. the S249, $50. as7.g eeree5zf
thir. Ragland ;, ! did, and got the money,
Judge Crump; And up to this time you
have ~ '-'-ss''
F0UR THoUsAND DoLLARsY
Mr.. Ragland Yes, all that Ia due 70 them.
Judge Crump: So that. out OF the Guys
money you have got these s949, ,35V,an
have paid on the purchase St5+eo0. ai u.
:. NIr. Ragiand: Yes sir, ! received some
money on some stock that bought from
other parties outside Of the city, -.
Colonel Taylor: That Is not included TN
Z the S249,350f - ..',3' ''ttPss .eSst.! :.
T : Judge Crump !: No; the reportshows that
4 Mr.. Ragland's share Of the city stock, was
u 1880; there were 1852 shares Of perferred
, stock altogether. Were you q member OF
lthe company ut the time the stock was In
y creased irlG1S 1891 1sstfs %iIqt5 49, Sta 8Es ri
3bir.lRaglai,d: Not that know OF. All
. the information I. have u what & have got
since ]. went there. ..l,su..,. ....,s.ss IL
y Judge Crunp: How early was It that ycu
owned any stock .'ssE s5ss@ go ~ ss's's
Mr.. Raglands Well, i had bought sornei
stock, in 1864, but I never knew anything
about the road until made this last pur-
chase. g,t
The committee then rose. q ~
/ Yesterdays Proceedings Before the.
H. soneta committep nm Reads So