Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1875-01-13

Rev. Dr. n W. Wilson, of the Grace street
Baptist Church, 10 R.cnwoni, has resigned
the pastorate of that church.
CONGRESS.
In the Seuate. yesterday, Mr. Scott, trou
Committee on Finance, reported substitute
Tor the House bill To amend the National Bank
act, and fixing the compensation OF natlonaI
bank examiners. Mr.. Sargent presented
| lengthy memorial from cltiz:ns OF the county
Of " ashlngtou praying that, 10 view OF the
| limited advantages which they possess a. coui-
pared with the city, that they should not be
taxed over rs cents in the $l0G Mr. Howe
had the hoor and made al ultra Radical
speech. The discussion assumed oolloqulal
turn, aud Mr.. Bavard, Mr.. Morton aud MIR.
Saul bury took part in it, Mr. Howe granted
that the use Of the troops 10 the Louisiana
State House was Illegal but excused it on the
ground of general awlessness' 10 New Or
leans. He demanded full civil rights FIR the
coored race as the only proper settlement OF
Southern troubles Mr.. Logan obtained the
hoor to make speech to-day, and after short
Executive session the Senate adjourned.
La the House of Representatives the Com
mittee on Po5toficcs was directed to inquire
whether the postal system can be improved in
the direction Of ecouomy. Mr. Alert, having told
all he kuew about the Pacific Mail Inquiry,
was discharged from arrest The Naval APP
preparation bill was finally passed. Bills we're
Introduced to reconstruct the pay depart OF the
aruy, for an auuuity fund for the benefit OF
the widows and orphans of army officers, aud
to increase the Signal Service Appropriation SO
that it may embrace the health Of the stations
in it's reports. The bill makDg general grant
OF way to railroads through public lands Was
passed. A petition from the Commissioners
of the District of Column bia for an approprla
ton to pay the interest on the 365 bonds OF
the District was presented.
THE VALLEY RAILROAD. At the meeting
of Tue stock builders Ut the Valley Railroad, held
al Stauntou, Yesterday, report "t the pres-
dent up TO November first of the company :
affairs WIS read, showing that the road from
Harrisouburg 10 Stanton, t"eriy-slx miles,
| has te,,u completed at cost, as estimated, vi
81 377.795.O3.
The cum peted portion Of he road has been
| opera ed by the Baltimore and Ohio Railroad
COMPANY during period Of eight mouths
with the following results:
| Amouut OF gross receIpts S2I,o2l -
| Less working EXPENSES, ~ 3Ol 70
| Net earnings, S6.Ii5 10
There has been expended 10 CONSTRUCTION,
! rights of Way, land damages, &c., 90 that part
| of the line be'w~en StauDtUn and Salem 81
mles, total amounting TO 1854, S99 SS
| To this amouat must be added the
| present. estimated Indebtedness
OF the company Ia sum properly
| chargeable 10 that amountl 392,OOo w
| Making a total of $l.226,o 99 IS
paid aud to be paid for work, &c., upon the
incomplete portion of the road.
The liabilities of the company DOW existing
are estimated as amounting 10 1892 600. These
liabilities are payable 10 Cash aud b1uds.
| The available assets (so-caIIed because 10
hand or under immediate coutro of the COM
pany. aud directly applicable to Discharge Of
its ablties) are stated as amounting 10 S2S3,-
| $40.
a efficiency is thus shown to exist of about
! $ll0 900, but lDasmuch as the bulk OF the
| available assets consist OF bonds OF counties
| and towns not readily Convertible into money,
aud not worth the par, this deficiency wall be
| Increased by discounts upon the bonds-what
ever that may be.
There is due to the company on account of
subscriptions to its capital stock from lbd.Vld-
ualS, q SUN vi dUOuI SOo,OOU, lIolD
and towus further sun OF about 1861 700,
making total of 1872 900.
Col. Hartman, one Ut the directors, handed
10 bid from Robert Y. Bicke, president OF
the Stanton Cry Couocil, otf.riDg to lease the
com pleted road between Stanton ADD Harris
oubury at twenty thousand dollars per annum.
Tie proxies of The city Of Baltimore and the
Baltimore and Ohio Railroad Company both
announced that they We're positively Instructed
to vote against such bid. The proposition
was defeated. The meeting adjourned to Feb
ruary %, wheo uil report Of the affairs OF the
Company up to that date will be submitted.
President Garrett read paper announcing
his determination to resign his position at the
nrxt meeting, and commenting with much
plainness on the lack Of cooperation the com.
pauy had experienced from those through
whose sectious the road ran. and from whom
it had right to expect hearty support ADD
also complaining OF the extortioD practieed by
the Inhabitants along the line, with some ex-
ceptions.
AT the close Of the meeting the Sheriff Of
Rockbridge county served writ on Messrs.
Robert Garrett, President of the company; R.
Norris, jr and Decatur H. Miller, of Balti-
more city. to appear a. the Hastings Court, to
answer az Injunction obtained by Rockbridge
county and Lexington, to prevent their dispos
ing Of the bonds subscribed by said county and