The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1875-12-02

4 the road was permitted to remain under II
present management until spring, the incom
wonld be increased. :, -
/. Col. :Allen.-It is plain case. Here W
have road which has cost us 81, 100000, all,
which we believed would yield six per cent. b,,
instead we'arc actually paying six per cent
for the privilege drumming the road.
| Mr.. Davidson. At.am in hopes that the ex
penscs will be materially reduced. BIZ the las
two or three days a reduction Of $2,0OO'per an
mum has been made at this place. Heretofore
the Valley Company has been paying $2Ool
per annumf for the privilege Of using the, Ches
apeake and Ohio Railroad track npto the de-
pot. Now an arrangement has been enteredinte
by which this expenditures met by permitting
the Chesapeake, and Ohio. Railroad Company
to SHIFT their cars ON to che Valley Railroad
track. Other reductions will doubtless follow
Another thing which should be taken into con
sideration is the fact that the Baltimore and
Ohio Railroad has kept all the accounts, and
experience always demonstrates chat the par
ty who keeps possession OF the books generally
gets possession OF the money. And then. too,
it must be remembered that this is.a new en-
terprise, and one which must develope its
trade. - -. =
Col. Harman.-It isn't so muclfthe keeping
Of the books as may be imagined, bit the truth
IS that we have been pro rating our short line,
which secures the connection to the Baltimore
and Ohio Railroad, when it is customary with
all roads to allow larger per cent, per mile
to short lines. We ought to. give sixty days and
get all these matters settled UP and the ar
Changed.
Mr.. Kayser then moved that a committee
Of three, with tire President as chairman, be APP
pointed from the Board to confer with the Di
rcctors of the Baltimore and Onio Railroad, for
the purpose of securing more favorable ar
for operating the road. Adopted.
Mr. Davidson moved that when. the meeting
adjourn it adjourn to meet on the 18th of
March next. Adopted.
Mr.. Brady moved that the election of Off
GERS be postponed until The next meeting, aud
that the present officers hold over. The mo-
ton was lost.
Mr. Kayscr moved that the salary of the
President be fixed at $4,000 per annum.-
Adopted.
The election of officers being in order, Col.
Hartman nominated Col. P. P. Pendleton, of
Baltimore, for President. He was elected
> r.. :
A committee was appointed to recommend
the Directors, who, after retirement, reported
the following gentlemen: For Baltimore city,
D. Fl. Miller and w. Seemuller; Baltimore and
Ohio Railroad. Richard Norris, Jr., and VIM.
Kayser; Rockbridge, Col. VIM. Allen; Bote-
tourt, Maj. j. W. johnson; Staunton, Col. NJ.
G. Hartman. The nominees of the committee
we're unanimously elected.
A proposition from the Supervisors of Bote-
tourt county was read by Judge Sheffey, pro-
posing to dissolve the injunction upon certain
conditions, which was accepted, upon condi-
tons.
The meeting then adjourned.
-
THE VALLEY RAILROAD CAsE.-The Cir
cult Courtis still engaged in hearing the case
Of Mason s. Co. vs.. the Valley Railroad Com
pany. The evidence was completed on Satur-
day last. and the case adjourned over until
Tuesday morning. Tuesday and part of We'd
nssday were taken up by argument of Counsel
as to the admissability OF evidence. Messrs.
Tucker & Parrish representing the plaintiff,and
Judge Sheffey the defendant. !, On Wednesday
Mai. Elder opened the argument. on, the mer-
its Of the case on behalf OF the plaintiffs, and
had not concluded his remarks when Court adj
journcd at o'clock. He will conclude this
morning, and will be followed by Judge Shelf
fey for defendant. Mr.. Tucker will close the
argument for Mason s. Co., following Judge
Shelley:
We stated last week that settlement had
been effected with three of the Syndicate,
Mcssrs. Mason, Hartman and Shanahan, who ac-
cepted the estimates of the Chief Engineer.-
The difference between the Chief Engineers
estimate and the Resident Engineers. in the
case Of Mcmahon s. Green, is sls,227, added
to which is claim of $7,sl5 for rock auarried,
but not estimated shaking an aggregated diff
ference of $26, 042. In the case of Capt. Mem
ifee there is a difference between the Chief En-
gineer's estimate and the Resident Engineers
of $l1,S35. 0S-added TO which is $2,44l of
work not misunderstanding an aggregate of
s14,276.
The amount OF the Chief Engineers allow
ance for McMahon a. Green is $66. 967-s40. $50
in cash and s26;lH in bonds-whict, added to
the amount claimed. make $93,009.
The amount of the Chief Engineers csti-
mate IN the case Of L. X. Menifee is S29, ll3-
$l6, 436 in cash and sl2,677 in bonds. This
added to the difference between the Chief and
Resident Engineers estimates, 81 ,saa, and 81
Al not estimated, makes $43, 3S9.
1t will BIZ seen from this statement that the
amount really involved in the controversy is
$40, 3ls-the amount the company is not will
ling topay.
The case has been conducted with a great
deal of ability by the learned counsel and pa
thence by the Judge aud Jury Much interest
is manifested by the community not only in
the merits Of the case, but the intellectual con-
tests of the distinguished gentlemen who. are
engaged for the respective parties.
The case villa not be given to the jury proba-
bly, before Friday.