Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1876-06-24

In
BE RUNNING THROUGH AT AN EARLY LAY
FROM STANTON TO BALTINoRE-WHAT
| HARMAN AND MILNEs SAY OF IT.
The Baltimore Gazette of MonGay says,
an adjourned meeting of the board OF d.
rectors of the Valley Railroad Company
was held on Saturday, at which it was
resolved to lease that portion OF The ROAD
completed from HarrisOnburg to Staunt0n
to VIM. Mines, Jr., president OF the
Shenandoah Valley company, upon the
terms and conditions mentioned below.
There was a full board present except
| VIM, Seemuller, one of the directors on
! the part of the city. p. P. Pendleton &C.
cupied the chair, Colonel NJ. G. Hartman,
secretary, Decatur III. Miller presented a
letter from Mayor LatrObe, president OF
the board of finance commissioners, COW
ering a resolution instructing the city
directors to accept the proposition OF Mr..
| Mines, Jr., to lease the road at $2.OOo a
month. The resolution was as follows !:
Resolved, That in the Judgment of the
board of finance commissioners 1t Is des-
irable that monthly lease Of the Valley
railroad be made in accordance with the
! instructions Of the stockholders to the
directors Of the said company; provided,
that the said lease shall contain all rea-
sonable and proper stipulatiOns for the
protection Of the Valley Railroad Compa-
nv from any loss or damage to the said
railroad company during the term of said
lease, and for proper fulfillment OF the
terms and conditions thereof and security
therefor and providing further for ter
mination of the same at any time OH thirty
days notice given in writing by either OF
! the parties thereto.
Col. Edmund Pendleton, Botetourt, Of
fered the following resolution:
Resolved, that the proposal OF VIM.
Mines, Jr., president of the Shenandoah
Valley Railroad Company, In regard TO
the lease of the Valley railroad, so far as
completed, by the month, be accepted, and
that said lease be perfected and consum-
mated at the earliest day that the same
can be legally done; provided however
take effect until said lessee shall put upon
the road an unencumbered equipment
ADEQUATE to its successful operation Ofthe
value of at least $4,000, Of which the
president of this road shall be satisfied !;
and give this company lien on said
equipment by written contract, accepta-
! BILE to the counsel of this company, and
| shall bind themselves ut all times during
| the continuance of the lease to keep the
same up to said value; and provided,
| further, that said lessee enter into writ
| ten contract of lease satisfactory TO the
president and counsel of this company,
containing such provisions as the presi-
| dent and counsel of this company shall
| Judge necessary to protect it against loss
| or damage beyond the ordinary wear and
| tear of the road and the structures, ana to
secure the prompt payment OF the rent
agreed to be paid, and also provision
that either party may terminate the lease
| on thirty days written notice; and pro
vided further that said president and
counsel be authorized and instructed to
| introduce such other provisions in said
contract of lease us they may deem neces-
sary for the adequate protection and sccu-
rity of the company.
The resolution was adopted unanimous
ly.
Colonel Allen offered the following:
Resolved, That the offer of the Shcnan-
doah Valley Railroad Company to lease
the Valley railroad for fifteen years
having failed to receive the approval of
| the board solely because of q difference of
| opinion as to the security offered, we are
| prepared, in compliance with instructions
of our stockholders, to accept the same
VIXEN the Shenandoah Valley Railroad
Company is prepared to give the security
indicated i'm The resolutions of the finance
commissioners of Baltimore city, Oh June
| II.
Mr.. Keyser offered the following amend
ment:
Resolved, That the president be in
structed to call meeting Of the board
| Immediately upon the receipt OF a propos-
al from the Shenandoah Valley Railroad
| Company, or any responsible party, to
lease the road for fifteen years upon the
terms and accompanied by the security
stipulated for by the board.
The resolution as amended was adopted,
Colonel Hartman alone voting against the
amendment.
The board, on motion, adjourned.
WHAT Mr.. MILNEs SAYS.
After the meeting adjourned repre-
sentative of the Gazette called upon Mr..
Mines ut Barnum's hotel and found that
gentleman considerably elated over the
result of the meeting, by which, the
Valley road was transferred to the Shen-
andoah company. A conversation OF
some minutes ensued, substantially as
follows:
"Mr. Mines, can you inform me when
the running of trains will be resumed on
the Valley road!"
"At the earliest moment possible"
"Can you form al estimate OF the time
it will take to complete arrangements?'
"Probably a week or ten days, and be-
fore that time, if possible"
'"Then the stage coach line will disap-
pear almost Immediately?
Eyes, Sir much to the relief and graft
fication of the people Of the Valley. |
shall return to HarrisOnburg at once, and
as soon as we can get the road equipped,
in doing which all possible dispatch will
be used, we will begin operations.
"Will you give your personal supervls-
Tor to the work."
Certainly; my home is near Harrison
burg, and am president of the Shenan-
doah Iron Works, and will constantly be
on the spot, and give to the work Of
equipment my personal oversight"
"Will your trains on the Valley road
make direct connections with those Of the
Baltimore and Ohio, as was the case when
the latter company operated the road?"
"They certainly will-that is if the
Baltimore and Ohio company will allow
! us to make the connection. Unless they
change their schedule so as to prevent the
connections they will be regularly made.
| shall do what possibly can to develop
the Valley road in the interests of its
freight and passenger traffic, and can as
sure you that nothing will be left undOne
TO secure its early and thorough equip
ment."
COLONEL HARTMAN INTERVIEWED.
The Gazette's representatives also had
brief conversation with Colonel Harmon,
who was in his usually happy frame Of
n Al. he
result, and with his usual demonstrative
manner slammed the Gazette man on the