The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-02-24

( said act :sSapds PHessas 'nSS .sr,,ai, ia
Atlantic, Mississippi snnd 9n!ob snIyu 81 Il
p .ocst,niders tiinreof heIdsiri the CITY,
I,s,arsbnrp ON the dlYof December, 1879,
nnhIish and declare, among other things.
| ~ IN address then and there deliveries
efore said stockholders meeting, the iol'
towing words "I deem it .uaTisc anu iln !,
noliic. if not cruel, to the stocknoiuers ANU
bondholders of the company Atlantic, DIS ls.
sissinpi and Ohio raiIrosd) to commence
s,jd road extension TO Cumberland zap, OF
VIRGINIA and kentucky road-Wlthout Tue
hone of it's becoming mere WorkS, y.
words fo that effect; and whereas the sald
nresideut, on the 29h February, 1874, IN q
sn,ech before the Committee on ROADS OF
the House of Delegates, did publish ana ue-
clare that by the fair Interpretation ana true
under standing Of the charter OF the atianlH,
mississippi and Ohio railroad they were nor
legally bound to build said Virginia ara
Kentucky railroad, now known as the Cum-
herlapd Gan extension that if they were
in anv way bound, the time bad not yet
arrived for legislative action; that nc
denied the jurisdiction OF the :besls-
l,t,re ut this lit;e to enforce its remedy, II
il had anv, which remedy he likewise de.
MED. holding thatthe Atlantic, MISSISSIPPI
and Ohio Company was in DO way bouno
urlcss connection could be secured for tue
said Atlantic, Mississippi and OHIO ROAD eS X
tension Virginia aud Kentucky ral!road)
with the railroad system CT hentuchy ~
Cumberland gap; and whereas the state OF
Virginia, by subscription by her BOARD CT
Public Works, acknowledged ana ratluea Ia
the said act of June II, 1870, was que Tue
Virginia and Kentucky railroad the sum o.
S., SOC, 900, which was released 10 Tue o'ate'
together with all claims thereto, uion Tue
condition, among other things, that tue sals
Atlantic, Mississippi and ONO Company
would In the time aforesaid compete sa!u
road, the benefit of which the said Atlantic,
Mississippi and Ohio Company, uEder lhel.
charter, now enjoys to the great detIlment
ard utter ruin of the said Virginia and
Kentucky. and strikes fatal blow to the
prosperity of the people along the SAID VIZ
giuia and Kentucky line as well as inc titie
Interests of the people OF the whole otA.c ,
and whereas the State, III Der leniencs w.
wards the said company, d'd postPoi'e nor
security for the enforcement OF wl'atct..
l. I,n, miyht he due her under said charter 10
= fret mortgage lien of S15,000,0Oo, autnor'
| ,zed 70 he executed by said company Oh siiu
ro.d 40 well to complete the Cumoeriahu
Co. ewtension rs to repair The whole iihei
ttarosnre owing 10 the fact that the Atlan-
Wv SI;ssissinpi and Ohio railroad claims us
~ ',,,-,nton from the work anticipated on the
I::i;r;a ord Kentucky road, and owing to
~ c,rtber fact that the said company has.
l"e 80 ronorts show and statements OF its
d. I'd show, realized from Sl5,000,0GO,
authorized loan, the sum OF ~ ,5cO, 000; be IL
Pssoired. That the Committee for Courts
of .Ius1ice be and they are hereby Instructed
70 ;nouire into and report to the Senate
First. Whether the Atlantic, Mississippi
and Ohio Railroad Company are, under the act
of June II, 1870, authorizing their forma-
ton. bound TO complete the said Cumberland
GAP extension or Virginia and Kentucky
road within six years from their orSan!za-
ton?
Second. Whether The building of the same
depends on the condition for the fixed and
ascertained connection by way OF contract
with the railroad system of Kentucky ut
Cumberland gap?
Third. Should the said company be bound
to complete the said road within six years
from its organization by fair legal interpre'
tation of their charter-are bound to CON-
mence the same within reasonable time!
Fourth. Has that time arrived?
Fifth. If they are not bound TO complete
the Cumberland Gap extension or Virginia
and Kentucky railroad on any terms or con-
ditions!
Sixth. Does their charter confer on them
the State stocks, interests, and claims for.
perly owned in the Norfolk and Petersburg
Southside, Virginia aud Tennessee roads
Have they legal right to withhold out of the
sl5. 900, coo authorized loan the amount esti-
mated to complete the Cumberland Gap eX-
| tension?
Seventh. If they are bound to build the
road when connection is secured at Cum
berland gap with the Kentucky system OF
! roads, who are the judges, or who is 10 de-
termine when the terms of such connection
| are Completed!
Eighth. When all efforts for such c6nliec.
| too have failed to attain the same within
any definite time, how will the relative rights
of the Atlantic, Mississippi and Ohio Com
uany, the State. and the Virginia and Ken
lucky Railroad Company stand?
Nlutb. How bias the Atlantic, Mississippi
and Ohio railroad applied or disposed OF the
-, 800, 0G0 realized from and under the Sl3,-
900 900 authorized loau?
BILLS ADVANCED.
4 large number of senate bills were taken
I'D and ordered to be engroSsed and read 4
third time.
WELCOME AND CONGRATULATIONS.
Dir. RAGLAND presented the following ;
which lie over under the RULES:
Whereas the State Of Virginia Is anxious
10 receive within her borders ali good Cit
zens from the North and Europe who come
to devote their energies and enterprise 70
the material welfare of the Commonwealth
and y hereas there are already located in this
State large body of educated and lntelIi'
cent British settlers; therefore be it
Rcsolred, That the Legislature Of Virginia
cordially welcome our brethren from Great
Britain, and views with interest and syInp:'
thy the efforts now being made to invite the
testimony of actual settlers, and extend
their influence by means Of grand re-
| union in Richmond on the birthday OF thai
excellent lady Queen Victoria.
Adjourned.
HOUSE OF DELEGATES.
House met at u M.-Speaker HANGER in
the chair. Prayer by Rev. DR.. Biting.
INTRODUCED AND REFERRED.