The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-11-24
should therefore be Increased by che aggre..
gate Of these amounts, say X, ,505. 900. nak

ing it S.s $4,000.
/ Again, It appesrs from aeccun. q tf,as
st.2S3. .4a3E9 cf other .I,ronertv ~ she c,n, %
papy is pledged as collateral se.aYsitg for ss
part OF the foa.ipe debt. But by whom g
this property IS held and the fietaiis cy Trans.
actions, we are not yet advised os. Il
Aaain. 1t does not appear how rnuch &C the
S3,567 1927 OF unpaid interest Is due upon
the mortgage debt, but whatever shere IS
that also Is secured 0y mortgage severai s.
consid derable claims for laHG taken OF pur.
chased by the company are iieEs upon the
property OF the company, so that ID faet there
lis but very insignificant portion OF the
DEBT que Dy the company Wnlcn ~ nos se-zsss. s-.ss
cured rec oy morIgass q or 0sass nsn.
sc 81 its nras;asn, sos ss II
emit of R,charda and othera ocair.s .,s =. ths
Chesnaata and Ohio Rairnad rns, =. =, rrss
otbers denend;ro Il, fba cgrc,,;, -a,,:t 49,
IIn;tei States for ihe Essterr Diatrsct ~ VIZ,
oinia in ansyrer fn the Sr,,e, ,;ss,,ad i, ,hat
ca,I.e sfates Ito mortgage 90 rss
iou,s. 2 3 -, :.
F;rst mortgage dated Anr;It5 1asf s,n,.
600: second morteage. dated Anrii 4. ISni
sol 5000: third mortgage. dated Febsi,arr
| 1866. $500. 600: fourth MORTGAGE. dated
January 15, 1870, $500 ,0e0 ! 9Th mort.
gage. dated October /, 1879, $12,13i, 900
accrued and unpaid interest. ss.4I5. $40.
Total, 81, 1851, 800. 'f2F, sss. sss5.s.l .
There was another mortgage to secure the
] State of Virginia loan OF some S2t0, ,000.s
| BY an act of Assembly passed March 2S,a
1871, the Board Of Public Works was arl-
thoriZed to sell to each railroad and internai
improvement company 10 the State the fu.a
| terest Of the State Ia the same, including all
bonds, stocks, loaI 8, and claims for an equal
amount of State bonds. It seems that the !
amouct Of the dabt due from the company to
! the State was, principal and interest, SS40,-g
| 900, and that the company rendered to the
Second Auditor bonds OF the State amount
| ing to 1880, 400 of principal in payment Of
this debt. No objection was made, as I am I
informed, TO the unlount rendered; but In
consequence of disagreement between the
parties upon the point whether dividend
| Snd should be paid Ia money or bonds the
transaction has never been closeds and the &
bonds remain in the Auditors Office RowD,
| This deed, I presume, of course, has never .
been released; out attacn no importance tos
10, as leei sure tne S'ais ~ VII, .sSeifo .no wv
Donds ID satisfaction OF all its ciaiuis:
Anotner deed was eXecutea W TUG ,llf ,SVul-f
pany 10 fnilo Y. DoDcan ana ahfee otheIs 3
on the lst day OF Octooer, 1905, 20 secure
ten millions OF bonds 10 De issued by tne
company. IL Wouif appear from accountai
b, NO. 2, iurnisned you, tnats ait tns pouos
issued by lhe company under TINS qeed nave
been callea IN except si,ouV. lhs,e
provision in this deed tnat Two mlllions 9.
the bonds designed 70 oe tnesfny seSurea
shall be placed IN Inc custody oltJonn steW.sa
art and Jacqueline I. Iaylor, Us coMmis. y
sioners tor that purpose consttuted: IN trusI
for the purpose OF discharging, poaas oI ane
Virginia Central Railroad company any q amolne.
Ing IN the aggregate 70 sl,4fs WOO o., wnlcn c.
pad aireaay Deen secured Wy prior nots
gage, "dnd certain anseeafea e. oonas n,ss.so a,as
omer aeots , createu ny tne saau t:,. Nasau
Central Ra.road Company an ooa alno4ns.ps Wna ~
the aggregate 10 aDout sooooyo. ssno nas naS naS
9ecome oi tnls uasec9rea a.e ueos =. sovVuvv
a. 40. lnioalnsJ sh. tha s.', ra.a ,,saSs nnS
ot .ne loaInS usos =, w.. :. .,aii aa nnas
onlo hasioau :. @ Sonipaus n..;sy,o n,nr,asaa
tloned II IL aoes not constNute uo'l.ssso :
lien upon all the properly conveyed oy tue
deed OF OCTOBER ISL looo'
ASSETS. %1
Account p. No. 1. furnished you BIZ the
New York office. shows the value Of the as
cote r. he GAO ala ,041 .76. In this account the
\ road and eouipment are valued at $4,000. )
65O.OG. Account A shows that this value Is
ascsrtained by putting the cost of the Blue
Ridge railroad and tunnel at $2,27l,6S753,
| which in fact cost the company only $685..
34S .13 In Virginia State bonds at pdT--actnaf
cost cav s30) .000-a difference Of S1,9T1-
| es7 IA Nv charging as part OF the cost or
.be road si0 49S 5OI} of the stock Of the COM
nanV which was given away by charging
10 mart Of the cost OF the road So, ,582, ,0i3 81.
which was paid for discounts and commission
! on sale of bonds; and by charging for in
/ feresf on bonded deb, and loins during con-
strnc,ion 81 $50. .648,53 it Is obvious that no
| mart of these amounts went to the corstruc.
tion of the road. and they should not be
I'IoS e'9h ~ to0 " swa,, ia nresent value.
Deducting them from the aggregate.
value represented by account 3, No.
| ], of $40. .648, ,041.7G, say S20,S92, ,o48 % -
! S2S. .750, 1872 13-and the true value OF the as
sets of the company, suppos'ng Me oseer
items Of account B, No. y 70 M oe scorIecs,
Wou'a oe go. 'oo,is1 ,a.s 10 Tho comn.nv 20 an,,.
merated in this account b, No. I, canDo. ne :
taken at their nominal OF COST falae. ~ ne
other assets Oh tne company a'unus ,san napia ~
satisfy any one that they will not yield ffsy
| cents on the dollar. Putting tnpH as Woitn
MY GEMS on si.ha ,se ao ,anU @ wouiS he ssa.
o. Do inc I asss's 90 This conaday very largo esti
ooo,'i c .no naino of tIa ossata os the com.
na.e VI 'n' '"'u' y w N'e'D - -" - 81 /.
paIg 1Hara so1,ows statement Of the proceed
mere toiiome es.Ss.,n. t.o,,s .So OF,