The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1875-02-25
VALLEY RAILROAD.

VALLEY RAILROAD
The meeting III The 5tockhoitess q. the Val
l.y Railroad, adjourned to be held on the END.
inst, i'll this city, was again adjourned to the
!sh of April. The reason for this was that the
committee instructed to receive propositions
for leasing the road, was not prepared to report.
The meeting on Monday last was called to
srter by Judge David FultZ, taking the chair.
Mr.. Gibbs offered a resolution appointing
committee to ascertain whether there w;ls
..,iorlm OF the stock represented. The COM
!,,itte reported that there was not a quorum
present.
Col. II. G. Hartman moved that the meeting
adjourn until the 7th of April, at IL a. M, in
accordance with the recommendation Of the
committee recently in session in Baltimore.
Mr.. r. w. Burke stated that he wished to
call the attention Of the meeting to the fact,
That he held III his possession coma .Jsde bid
for the lease Of the Valley Road from Harrison
burg to Staunton at $50. 900 per Ann,.ni.
Mr.: Gibbs desired to know the reason why
this postponemeht was recommended.
Col. Hafn,an stated that one OF the committee
was present, w..em he thought could properly
give the Information desired by Mr.. Gibbs. :.
Mr.. Jno. B. Evans, the member Of the COM
mittee alluded to, stated that the committee
met In Baltimore OIL the 1ath inst. After els
cussing .hc matters submitted to the committee,
Col. Anderson, of Rockbridge, NJ. II. Efinger
andJ. 3. Evans, Of Stauuton, were appointed
subcommittee and secretary was placed at
theii disposal to examine the accounts and the
detailed statement of the President Of the Com
pany, Robert Garrett, ESQ.,, made to the ri,ect-
in, of stockholders Gil the 18th Of january, and
the vouchers connected Herewith: The COM
tnittcc had access to all the papers bearing upon
the subject, and after careful examination, found
} the vouchers and the accounts to correspond,
with the exception Of few small accounts con-
traetcd in the early management of the compa-
ny under Gen II. Z. Lee, which were with the
papers of the Baltimore and Ohio R. R. Co.,
and which would be hereafter produced. In
the conclusions reached, Mr.. Evans stated, by
the committee. there was entire unanimity.
In regard to lease, Mr.. Evans said that
there had been no proposition submitted to the
committee to lease the road, notwithstanding
the proposal to lease had been freely advertised
through the newspapers. For many reasons,
that will be incorporated in the matured
report, the committee are of the opinion that it
would be iniudicioiis at this time to change the
manner in which the road is now operated. OF
course the present arrangement is subject to
the full control and disposition of the Directo-
~ Of the Valley Railroad Companyte
The paying of the accounts due tic coptrac-
TORS was very fully discussed by the committee
while in Baltimore. Tho engineers returns
made ont the amount due the contractors to be
1851, O00-slO6, 900 in bonds and the balance in
money. Mr.. Keysc:, representing the B. & O.
X. II. Co. aud Mr.. Miller, on the part of the
city of Baltimore. expressed earnest desire to
settle with and adjust the Indebtedness to the
contractors, and urged upon the representatives
from Rockbridse to dissolve their injunction
and deliver their bonds. Mr.. Evans stated that
the impression left upon his mind was, that ii
this course were adopted by Reckbridge, the
result would be that the Baltimore and Ohio
Railroad would make provision to raise the
m ,ney to settle with the contractors.
The committee cons der it proper, before they
make their report, that all the facts Of the case
bearing upon the general and special interest
ofthc company and the contractors be gather
ed in shape SO that they can incorporate them
lii their report, and present their conclusions
thcrefrom, for the informatian ofall concerned.
The Baltimore American Of the goth, has the
following allusion to the meeting in Baltimore.
The committee of the Virginia Valley Rail
TOAD now i'll this city held meeting at the
banking house of Messrs. Robert Garrett & Son
this morning, Mr.. William Keyser, the chair
t,ian. presiding. The subcommittee, consist
ing of Messrs. Effinger, Evans and Anderson,
made report, setting forth that they had ex-
a,nined the vouchers for the accounts of the
Company. 1t was decided to ask for a post
pOncnent OF the meeting OF the stockholders OF
the Company, which was to be held next Nom
tny at Staunton, Va, until future day, when
the difficulties now embarrassing the road Will
lave been adjusted. One of the difficulties
mentioned is the injunction obtained by Rock
bridge county against the Company, and which;
it Is hoped, will be withdrawn at an early day.
Another difficulty is the failure OF the Baltimore
and Ohio Company to lease the Valley Road.
~ published in the american OF yesterday
The gentlemen now OH visit to the city, state
that im agreement to lease the road by the Bal
tiniore ard Ohio Company would have obyiated
all the impediments and restored confidence in
we TOdN HiIioNS Gile pcOpIe ci hOChDit &c CUttl-
ty. They still entertain the hope that within
the next four weeks or before the meeting of
tire stockholders some definite conclusion will
be reached between the two companies. The
representatives of the county of Rockbridgc
now in the city, Messrs. Leecll, Davidson, and
Anderson, state that it was promised them be-
fore the first subscription of the county had
been paid that the Baltimore and Ohio Railroad
would lease the road at six per cent. upon the
amount expended for its construction. The
failure to do this, and the abandonment of the
construction OF the road after it had been built
~ far as Staunton, is looked upon with suspi-
cion by the people of the Valley. who maintain
that it Was the intention of the Baltimore and
Uhio Road to complete the Valley Road to that
poilit only where it connects with the Chesa-
i,e2ke and Ohio road The gentlemen in this
city, although sharing no such opinions, believ-
Ing that the road will be completed to Salem as
promised, say that the county OF Rockbridge is
10 nearer q railroad now than it was before the
Valley Railroad was begun.
Messrs. Leech and Christian had an interview
yesterday with Mayor Vansant and Mr. Rob
ert i. Baldwin, one of the Finance Commits
.siOners aud Director Of the Valley Road, on
the part OF the city. They explained to them
the reasons why the injunctons had been OBJ