The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-06-19
from petersburg.
.,co,cc nr tho Richmond Dispatch.j
CORES i'V''"'"' ,,1s IS-S

-.,,,rcrncc 0f tho RtchmNn" p'sFa'''J
l''T'''' p,rrrsnrsG. June Il, 1879.
-o;Iroad w.r has been the all absorb
.,,.r on the streets to-day.
M ~ hank presidents OF the city neid
- ~ AZ. but what took ptSce during
49,. Deliberations has rot transp'reo. IN
l",' ,hs meeting adi>urned over until
!, - L tomorrow. Some OF the city DRINKS
oN', .,;a TO hold large amounts OF the second
"'' ..,,rc bonds Of the Petersburg Railroad
.', and II is 10 them, OF course,
'"."l f the first importance as 10 what Is
hlhsl1 attend the presen' troubles. There
81 ;,,1ac,, a half-dozau different interests
$''' ',.3 sornc OF n public and some OF
characters: some direct concerning
! ,.,, and some ndircct affecting trade and
"II =, tha; whatever NAY be the result
"',,' ..,,,,roycrsy now pcnding, somebody
% ..,,n re, hurt. though the general effect
~. ot hcprii; 10 the community.
"T--f,, Mr.. Rlgand submitted PROPOSE
- .hr CIV CouucIl IN the nature OF
.'.,,,-,,Yi>c. and designed TO nut an end to
..namYry proceedings which were lnStl.
.,.., hy IKE Council At its last meeting. or
".,.r which the Council directed to be in.
.,,,,.t hy the City Sergeant and the City
.,.'-,rv The proposition Of President
:, ,.ra covers toe foll,wing points: lie
-, :, satisfy THE judgments ootalned
,,., him and the Petersburg Railroad
C.r.,.,ny on the 10Th OF July; 10 pay on
~, atI The whole amount Of Interest due
49,. r:.y which tel! due on the LIST Of Fehru-
~. -, On The note made by himself
- other. for S2A9 49,. Mr.. Ragland
*. however. that a matter OF $4,000 he
T.ilr,,d, whl.h The road paid the United
,...,x fnr faxes. which, he thinks, the city
,..,a. n have paid. Within len days after
NV fall due Mr.. Ragland proposes to pay
,~..,.r,,.auuu.l instamentS Of interest on the
"ri.,,,.,l note, the city extending the time for
-. ..,,uru, Of the princip,l, SO that 1t may
-. t,y,drd mo three equal instalments, to
al an, in one, Two, and three years time
,,arY ,bp lst of August, 1875. The city is to
-.,.Io ia hen on the stock. and shall have the
-.', - ..Il the said stock ia default OF any
,,.r,,.or Of interest after thirty days notice,
Nr RsrIand retaining he right OF redeem
i,y .,,t stock by the payment in full OF the
,'~r,.,u,j aud interest Mr. Raslaud also
d,,,., 70 Iay the track of The CASTOR branch
1,,lo,r the 3l-t of Oc.ober, 1870, aud pro.
,,o.,.. to haul freight in wagons from any OIL
~. d,,0.s of that line 10 the deIo:s OF the
p.,rr>burg railroad without charge, anG be
,.sS tie assistance OF the Council ana peo-
nj. in rebuilding the bridge at South Bos-
Ton. c-.,
4 snccial meeting OF the Common Council
va, held At d O'Clock this afternoon to con-
slider Mr.. Ragand's proposition OF conpro-
NIT. Il VA. vigorously attacked by MIR.
William T.. Hinton. who objected to its &C,
r,,'4nce on the ground that Mr.. Ragland
CAV. ~ security that il the extension asked
Inr ga. granted the money would be paio.
In thj> v.cw the proposition was the most
absurd ever made by any one calling
h.,n>,lfa btl>iut>>-mln. II might be that by
,l,. line Of the fist payment Mr.. Ragland
,gf.iu h., in England ur beyond the reach OF
tn lown authority; and # here, who Will
-, Tia. he will ue auy the better able 10 pay
them than pow. The eXpe.ieuce OF the past,
lad, teaches Us that be will not pay the
worth Uf the paper on which the proposition
j. writer. During his remarks MIR. Hinton
stated that position on the directory of the
road bad been offered him, and. furthermore.
thai Mr.. X lglaud had offered him $4,000 10
interest himself in behal, OF the road, 10 be
,nii whether his services were successful or
l,,
Mr.. Raeland's proposition was unanimous
!! r'jecled.
A. Il meeting Of portion of the second
lr.t,.rred bondh0lders OF the Petersburg
Railroad Company bed to-day the following
Ee- Aation IVES adop.ed:
H-Sg!rtd, That committee be appoint
Cd from the body TO rcque-t toe Council OF
lie. city TO apDolnt committee 10 confer
Win committee from this body TO ace II
some Joint action cannot DE taken TO the III
tens. of both the second preferred bond
holders snd the city Of Petersburg, and that
thu, committee report back 10 this meeting
Tomorrow ut II O'Clock the result OF the
tar Golfer ne.
The meeting appointed Judge Joseph
Du1d. j. ". Frieud. and j. L. Young.
A. IN. meeting OF the Council this alter
noon Mr. j. 81. Goodwy n offered the follow
ID. resolution pertinent 10 the report OF Inc
lUnGhuid..r~ q The Petersburg railroad
Wh,rs had hceu submitted 10 the Council:
H,,pjr.d. That Il committee, CONSISTING OF
t.. fIuau,- Committee. thc. Nayo or, and hYe
u.,G.' ~ Of the Council, be appointed to
!ar.i the committee appointed by the bond
to.Jn-> of the Petersburg Railroad Compa-
~. uai 10 report The result OF the confer
car@ L. >iJyc,i meeting vi the COUNCIL II
tL"y deem il necessary.
The resolution WAS adopted, and the fol-
,3Wl4z committee was appointed: The
Mayor, William L. Hintoo, Jr., j. ). Gil
lam, /. J. JIrIa;t, +. a. Goodwin, and w.
t.. Parse.
Tue joint committees are now in session.
ROBIN HOOP.