The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1876-03-16

ting under q trestle OH Col. Harlnan's farm,
and of doing certain earth work in the yard at
Staunton, which, according to the engineers
estimate would cost 81 900. Mr.. Kayscl s at
tention was called to the fact that largely over
$4,000 was charged for the tract laying and
earth work. For the track laying Il bid had
been offered to tie Valley r. r. at $3.50 or S400
per mile. and Mr.. Il. replies by mentioning
| the very superior manner in which the work
was executed They again call attention to
the engineers report, which Mr.. kayser did
not think an economical exhibit" in which the
actual track laying is put at. $500. $40. 900 Is.
and fcr raising the bed, 6sc.......... TIPS 90.
making. $97 1868 10
while the road department. charged $3.50, All 90
| for this work-thus giving $50, 900 beyond the
| figures Of the Engineer
But eyan it this sum was creditcd,as it should
be, to the Valley railroad the estimate Of Mr.
Randolph, allowing S77,27S for extra work
seems unreasonabiy high. when we remember
that all the iron, joints, &C., are taken outand
that still s7727s is charged for $4,000 yards OF
earth work and for such repairs to embark
! tients. &C., is We're necessaar
Ii tile Road Department had any contract
for this work it was Que requiring that it should
be done at cost not exceeding the usual rates.
All expenditures over and above that were I'M
authorized by tte y@iiey Co., anu fov theln /;
is not rcsp0nsiOle.
The iron furnished to the road is charged
at sS5 per ton. The company bought 800 tons
the same year at so. In regard to this Mr..
kayser says nothing except to refer to his pre-
sioi,s communication of Nov. It'll. That COM
mun;cation was in response to letter from
the committee setting forth certain facts con
nccte,l with the rail purchase. and asking
l If it can be said in the absence Of all re-
oou1 tI,nto Ion nry ili ~ ,trant
ever made for the iron?
2. IL only a general verbal understanding
existed about the matter should the Valley Co.
be charged the high price OF sS5 per ton for
iron delivered during tie period extending
from the Fall of 1873 to that 1874. when such
iron was furnished Instead of that bought to
be delivered in 1878.
Mr.. Garrett replied to these inquiries by the
statement that when the contract was made
with the B. & O. r. R., the price fixed was
800 per ton, and that at this price the B. &. o.
company weress reluctant to sell the iron, as, on
| account Of its extraordinary quality, it was
considered cheap. Subsequently they had
made deduction of s. per ton.
The report concludes: '!Your Committee
deem it proper to state that the interviews
upon the subjects referred to in their report.
80 far as the b. & 0. Co. is concerned. have been
of the most friendly nature and that they are
duly sensible Of the many obligations arising
from active cooperation and valuable assistance
on the part OF that company. Believing.
therefore, that the differences referred to have
arisen from apprehenson and from clerical
errors, they suggest that the whole matter be
referred to Il coGnittee from the Board OF Di-
rectofs of both Companies for final arbtra-
tion.n
The reports were received and adopted.
THE GoRDIAN KNOT CUT.
Mr.. Anderson offered resolution instruct
ing the Board OF Directors to notify the Ba!ti-
more s. Ohio Road, that the present arrange
nent should be terminated on the list Of May
End. That the road be leased for tie term of
two years for sufficient amount to cover all
| expences, including the wear and tear and
cost Of the administration.
Thes.vote was carrieil-al except the B. & O.
proxy voting AYE
MIR. Davidson offered a resolution which was
| adopted, instructing the Board of Directors to
report promptly to the Stockholders the result
Of the proposal to the B. 6 O. Co., to submit
| the account between the two Companies to
| arbitIatn and that the Directory be en-
| powered to call meeting of the Stockhold-
ers il necessary.
! On motion, meeting adjourned sine die.
! CARRIED OFF THE PRIZE. The fifty do
| lars prize given BIZ the Co,iere of Pharmacy