Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1876-11-23

my VI thS Ss"chhoiueIS3 t3 HlluutOIi,
last week, Mr.. Poole, on behalf of the
National Security, Iron. Coal and I'm
provemcnt Company ofered 20 lease
Tie road at $1,000 per mile per annum,
aud TO complete it to Salem in. sec,
tons OF II miles, guaranteeing the
county bonds at 80 cents and first
mortgage bonds at SIS cents. The
present lessees. having fully complied
with the terms OF their lease in every
essential, claimed the precedence, apd
the Whole subject was referred oyer
to the directors Col. Harman
declined TO serve longer as director
because OF the unfriendliness mani
Tested toward him in consequence Of
his agency in bringing about the
lease which substituted a 1924, ODA in
cone for 5000: cefcit, and Gener-
al John Echols was elected in his
stead. 1t is due to Col. Harman, in,
this connection to say, that his ser-
vices in that behalf are. we'll undere
stood and fully appreciated by ALI
observing men of the Valley who ad :
here to the principle of fair dealing
between corporations and individuals.
We are sorry he felt called upon to
call Mr.. keyser hard names, SINCE
that heacy, imported NINETY ooAas a
ton iron explanation made it so an
necessary. We may add the hope
that General Echols will not wholly
disregard the good example Of Col.
Hartman in looking after the interests
of counties and people in Valley Rail-
road affairs
But who is this n. S. I. G. & /,
Coz We have heard Of Mr. Poole as
preacher in the Method dist church,
as an insurance agent and as presi-
dent of that railroad he didn't build
from Harrisonburg to the Ohio river.
If that be an old company it would
seem that its corporators and stock
holders should be known to somebody.
If it be a new institution, as would
appear from Judgs McLaughliu's
incorporation bit, the name is not
suited to this climate. National
Security Company is. good,and would
indicate that it is transplanted
germ. Iron, Coal and Improvement
rather signifies one of those changes
which are SO often rung ON names
For instance, we have heard of the
Pennsylvania Railroad Company alias
the Central Improvement Company,
alias the Southern Security Company,
alias the California CONSTRUCTION
Company with q half dozen other
|
aliases growing captlyatingly longer
as they accumulated. In some OF
the States there are many prolific
sources Of huge corporate bodies
illcgi timately got. The Credit
Mobeiier was child of the charter of
the Fiscal Agency Company Of Penn
sylvania. We wonder who this N.
is. I. G. & I. Company is. And yet
it is more than likely we will be told
that it is none Of our business; that it
is an ASSOCIATION Of gentlemaa hayipg
more money than they know wha. to
do with who are desirioIs of Develop
ing Virginia's hidden resources by
way OF attes ting their devotion to the
mother of states and statesmen, that
it is the Centennial year, the year Of
/ jubilee, when every maa is expected
to do something for the good OF bis
low man. Perhaps these may be
but the suggestions of our oyertertils
imagination, and that all we want tc
know may be vouchsated on the mere
asking. We must generously accept
that the N. S. I. G & Is are all veal.
thy gentlemen liable to the amount
lot their stock subscriptions, and thai
{ they mean business. If there be any
of those who are not wealthy, why
they--have the most stock Of course
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