Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1875-02-26
VALLEY RAILROAD STOCKHOLDERS,

j, VALLEY RAILROAD STOCKHOLDERS
MEET1NG.-Th adjourned meeting Of the
Valley r. r. stockholders was held at the
Town Hall on Monday night. 1T being
understood that further postponement
was likely to be the only business before
the meeting, not more than twenty per-
sons were present. not representing a quo
rum of stockholders. Judge David Fultz
presided, and Mr.. Heber Ker resumed the
duties of Secretary. Col. M. G. Hartman
read a telegram from President Robt. Gar
rett, asking an adjournment to April 7th.
Mr.. Jno. B. Evans (who took the place of
Mr. Robt. W. Burke, detained In Staunton
by death in his family reported the re-
suits of his official visit to Baltimore. He
said the committee to examine the affairs
of the Valley R. r. had appointed sub
committee, with a clerk at its disposal,
| which examined the vouchers, and found
them correct, with one OF two unimport-
ant exceptions. The motion for an ad-
| journment of the stockholders meeting
came from Rockbridge, and was made for
| two reasons: LIST. The accounts of the COM
pany showed that there was only $254,000
due the contractors instead Of 100000 as
claimed by them, and it was necessary
that the contractors should have an oppor-
tunity to meet that charge; and I'd. To de-
eide in what way the contractors were to
be paid.
The Rockbridge representatives were in
clined, he said, to the opinion that their
county would dissolve the injunction and
hand over its bonds, and in that case the
contractors would be paid, as both the city
of Baltimore and the Baltimore & Ohio r.
R. Co. very distinctly, he thought, said
that if the bonds were delivered, they
would provide the money. The committee
had telegraphed Judge Mclaughlin, the
President of the last stockholders meet
ing, to fix day to suit himself for the ad-
journed meeting, say between the 18th and
last Of March, and he supposed that Apri
18th was the Judges own choice. In re-
gard to the lease, the committee had re-
ceived no propositions. 1t had telegraphed
MI. Bickle to know if he had any PROPOSE
ton to make, aud he had replied that he
had none. The subcommittee then visited
President Garrett, of the Baltimore & Ohio
| r. R., who said he had no proposition OF
lease to make. The committee had come
to the conclusion that about all that could
be done was to go on as they were doing
until something better could be done.
The suggestion of adjournment Of the
stockholders meeting came from the CON-
mittee, and he did not know that the
Board of Directors had anything to do
with it.
MI. r. w. w. Burke, the representative
of Staunton on the committee, said he had
received in answer to the advertisement of
the committee a proposition to lease the
road dated February goth.
/ THE bid was one from Mr.. r. G.. Bickle
to lease the road at 10000 per annum, but
Mr.. Burke did not present it, as there was
no quorum present.
| The meeting then adjourned to meet on
the 18th of April. The Baltimore s'Sun,' y
speaking of the meeting of the Valley r.
r. Directors last Saturday, says:
| Officers and directors were present as
follows Robert Garrett, president; Gallo
way Cheston, VIM. Kayser and p. P. PEN
dleton, on behalf of the Baltimore and
Ohio Railroad Company; Richard Norris,
Decatur H. Miller and Robert T. Bald
win, of the city of Baltimore Edmond
Pendleton, OF Botetourt county Va; Co.
lionel William Allen and Charles A. Da-
wilson. Of Rockbridge county. The alb
sentees were Col. NJ. G.. Hartman. of
Stanton, and G. W. Hansbury of Roam
oke. MI. heyser, from the committee ap-
pointed at the Staunton meeting, held last
month, reported that the committee had
not had time to cor slider the matters refer
red to them relating to the policy of the
road, its assets and liabilities, and the pro-
posed lease, SO as to be able to make
! satisfactory report, and the meeting was
adjourned until the 18th day of April. Du-
ring. the meeting the matters pertaining to
the affairs OF the road were talked over,
and it was hoped that by the meeting in
April the differences existing in the COM
pany would be settled, and some move
ment adopted for the payment of the debts
OF the company which would be satisfacto-
ry to all parties. Col. VIM. A. Anderson,
| Of the supervisors committee of Rock
bridge county, Va, called upon the mayor
on Saturday, and was DESTROYS to have a
talk with his honor about the affairs of the
affairs of the road, but as the mayor was
busy it was arranged that conference
would take place to day. Mr.. Keyser also
had talk with the mayor on Saturday
about the Valley railroad affairs. Mayor
Vansant, it is understood, is DESTROYS that
there should be no interruption between
the friendly feelings Of the citizens of Bal
timore and those Of the valley, and that in
his opinion the cities and counties Of Vir-
ginia should pay promptly the amount of
their subscriptions to the road. ef
The s'Sun' of Tuesday says further
Col. VIM. A. Anderson and Col. Chas.
A. Davidson, of Rockbridge county, Va,
had an interview with Mayor Vansant
yesterday morning at the mayors Office, at
which the condition and prospects Of the
Valley railroad was the subjcct of CONVEX
sation. Col. Anderson is a member of the
supervisors committee, and Col. Davidson
is a director in the Valley railroad. The
interview lasted half an hour, and was of
a pleasant character personal to all the
gentlemen, but produced no results other
wise than by it's tendency to cherish kind
ly feelings on the part of those interested
in the road. Col. Anderson while in the
city expressed confidence in the completion
of the road at not distant day, and
thought the road would BE leased to par
ties amply able to furnish it at the small
est cost and in the shortest time. Propo-
sitiOns looking to a lease will, it is expect
ed, be had before the next meeting of the
Baltimore and Ohio railroad directors. :