Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1876-11-17
;yrMlhe Mtaateatnr&
FRIDAY MORNING, NOV. il. 1916.
BIDDERS FOR A RAILROAD.

MEETING OF THE Valley RAILROAD
sTOCKHOLDERS--THE AITIMoRE& OHIO
COMPANY DETERMINEDro GET RID OF
COL. HARMAN-HEIS ENDORSED BY THE
VALLEY STOCKHOLDERS T DECLINES
RE-ELECTION--A MAGNIFICENT OF
FER FROM A NATIONAL SECURITY
COMPANY-BLACK YOUR DOTs. SHAVE
YOU AND GIVE YOU A GLASS OF BEER
FOR FIVE CENTS - PERSONAL TRoU-
BLEs.
&C., NC, &C.
The law-office Of Sheffey & Btmgardner
shone, Wednesday morning, with the fa-
| miliar faces Of the stockholders, directors,
| officers and SO forth Of the Valley Rail
road Company. The meeting was called
for the Sth inst, but no quorum being pes
ent Mr.. VIM. F. Smith in the chair ID
| journed it until the 14th. Col. CharlesL.
| Davidson presided, Wednesday. The Hal
timore II Ohio Il. r. Co. was represene ed
| by vice-President VIM. Keyser, the cityof
| Baltimore by MI. Henry Duvall, Rod1-
| bridge by Maj. Dorman and Messrs. D. G.
| Brady and w. I. Anderson, Lexington
| by Col. Davidson and Mr.. Andersen,
| Stanton by Messrs. r. w. Burke, l. aac
eral individual stockholders-a among than
w. U. Boyce, vlce-President Of the Shea-
andoat Valley Railroad Company, WAC
row leases the Valley Road. It had been
rumored for twenty-four hours, that the
National Security Coal Iron and Improve
ment Company" a corporation chartered
last week by Judge Mclaughlin of the
! Circuit Court, with a maximum capital OF
| $1,000, 600, and which has recently pur-
| chased the Elizabeth Furnace i'll Augusta
| and some coal lands in Montgomery coun-
| ty, and of which Mr.. Thos. S. Blair, a
/ wealthy iron manufacturer of Pittsburg
| Pa, is President, had a bid to make to lease
the Valley Road for so years. This rumor
| and thegilt-edge terms which it was said
would be offered, created good deal of
| feeling.
| REPORT OF THE PRESIDENT.
| President Pendleton's report stated that
| the rent of $4,000 per month, since the 10th
of July, had been promptly paid by tie
Shenandoah Valley r. R. Co. The Valley
| Co., has settled all claims against it. 1t
has notes out for $194 4465 given to contrsc-
tors, which will fall due during the ensu-
ing fiscal year, and about $4,000 of them
this month, but they will be protected by
| the Baltimore q Ohio Co., which holds
! 1922, 800 of Its county bonds as collateral.
The President of the 3. & 0. Co. had sig
| nified the willingness of that corporation
to submit to arbitration it's unadjusted
claims against the Valley Co. Col. J. L.
Randolph, the Chief Engineer of the Com
pany, who had resigned, had offered his
services to it gratuitously, when they have
| since been needed. The President remarks
| in concluding his report that the finan-
| cial condition Of the country. instead Of
| growing better, as hoped, has grown worse
| and worse.
| TREASURER's REPORT.
| The report of the Treasurer shows a
balance in favor Of the company. of So 1884
! on the 1st of October. On the 30Ch of Apri
4
! II 0. Co. terminated, the deficit against the
| company was $4,3S6. The net receipts fol-
| July 10th to Oct 1sJ were S. 1888, after pay
| ing 500 for repairs to The road, necessary
before the leasing company would receive
it.
GOING FOR COL. HARTMAN.
Mr.. Keyser moved that Messrs. Decatur
| Miller, D. G. Brady and I. Witt be ap
pointed committee to report the names
| of seven gentlemen for directors for the en-
! suing year.
| Tie committee retired, but returned
saying they were unable toagree on names
| Mr.. Keyser then moved to go into the
election of directors by ballot.
Col. Hartman moved that the Iomina-
tions be made iii open meeting, and the
| roll be called. He knew when Mr.. KeyseI
made his motion it was intended for one
| particular man-himself. When in Balti-
| more on business connected with the leas-
irg Of the road, Vice President King of
the B. & o. road had said to him, ''Y OH
are the man that has given us all this
s,ouble." He knew when Decatur Miller S
J name was proposed for the committee that
the motion was intended as against him,
for Mr.. Miller was opposed to his director
ship.
Col Allan objected to Col. Harman IS
remarks as out Of order and merely per-
soilal in their character.
| The char sustained the point.
Col. Hartman again moved to nominate
directors and call the roll.
Col. Allan seconded the motion saying
| it was the usual courtesey extended to
! each interest to permit it to nominate it's
own representatives on the Board.
| Col. Hartman said he wanted an open
vote and no ballot. He had spent great
deal of time for this Valley r. r., but was
willing now to step aside; but not at the
instance OF the B. & 0. Railroad.
| Mr.. J. E. A. Gibbs, Of Roclzbridge,
thought there was an agreement made at
the Salem meeting by which the stockhol-
| holders were bound in honor TO give each
| interest the privilege of naming it's repre-
sentative on the Board.
| Col. Harman's motion was defeated the
| B. & O. and city of Baltimore proxies vo-
ting against it.
! Mr. Keyser then renewed his motion to
vote by ballot for directors as was custo-
MARY and called fora scale vote.
/ Mr.. Gibbs said that would throw the
whole matter of choice into the hands Of
the B. & O. Co. and Baltimore. 1t was not
| in accordance with the agreement made at
| Salem.
Nh. Keyser did not recollect any such
agreement at Salem.
| Col. Allan arreed with Mr.. Gibbs as to