The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1876-06-01

have been a proposition before the meeting
to-day, or the company would have been rich
or by 100000 He would pledge his head. 1
it was worth anything, THAT ip five days le>-
see could be found, and ii 2 party was to take
the road by the month, he thought that $780,
600 worth al equipment would be sufficient Sc
curitF.
Mr.. Kayser asked what would have
been the result had the road been in the
hands Of such lessee at the tima at the Narz
row Passage disaster:
Col. Hartman replied that there we're no
Narrow Passage Bridges on the Valley road,
and that tie security named would be ample,
Mr.. Kayser.-Withont meaning to dispar-
age the Shenandoah Valley Road, woult,
remind the gentleman that it has not kept
| faith with this company, and that its oblisa,
tions TO its contractors are still unprovided
for.
President Pendleton rose to
PERSONAL EXPLANATION,
and sail that he was astounded to hear Col,
Hartman say that he had lost eanddence IN
him.
Col. H. Gnterruptingly.)-T gentleman
misnterpreted my remarks. said the Rresl-
dent gould not be trusted OH the fifteen yeap
question.
Nr, Rcndletan.-I did not consider it to the
interest of the Valley Company to lease for
fifteen years, and eNerGised my right to vote
in ACCORDANCE with my better Judgment
Mayor Latrobse conceded With me IN tllls opir.
ion. Nt' 4 -
l. MR.. SEEMUI,LER - s...,r -. :.
moved that in order to end the discussion be-
fore the 1st of July, each speaker be confined
to five minutes, and none allowed to address
the meeting more than seven times.
Major Rlq2lR9AAN
vacated theGhair and spoke In favor of Col.
fiarmal,'s resolution. lis true, he said. thai
the B. & O. R. 3. has ihVested and paid its
money to to- the Ss Valley Bead 1pt Who else had
and Baltimore city could FAR better allow the
road to remain idle than the counties and
towns of the Valley. His own county, Rock
bridge. was meeting her interest and prepar-
ing sinking fund. but the people were bur-
aened with taxes almost too great to bear, and
the completion OF the road was matter OF
life and death to them.
shodlq all be submitted to a committee. which
comIpittee should report Oh the one deemed
most m feasible Adopted Ry SCALED vote-Mr:
: The chair appointed the following commit
te ; M Mes .. anderson, kayser' secm"ller,
Pending " Esp9rt ths meeting taak re-
= on the feaasssemR|ing 0f the meeting tl,e
conlinittce presented the following resolutions
which, while they did not exactly meet the
views of some of the members, had beell
agreed on as a compEQmise:
Resolved, That the Koard Of Directors be
and are hereby authorized and empowered to
lease the Valley sqad from Harrisonburg to
Staunton, and RIO Ta5g as i may be complet-
ed in sections df % niles, for the term of II
years, at $40 ooo annup q'lA oile-half Of
Resolved, That the board be authorized to
lease the road by the month until ? permanent
lease is effected.
Resolved, That any company leasing the
road by the month shall pledge its equipment,
unencnmbered as security.
THE resolutions were adopted. Mr.. Kayser
voting no. II
Col Allen offered resolution that the
President and Directors be ilsStrHctetl to call
the attention Of the z. q. r. =. to the un:
settled condition OF its accounts with the VAIL
ley Road, and to request ap immediate and
amicable adjustment. Adopted.
Adjourned.