The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1877-01-11
sa.sao.obo.

s3.500.0O0.
A mortgage Has been recorded in the Clerks
Office of the County Court OF Augusta coun-
ty, by the Royal Land Company to the FL
deity Insurance. Trust and Safe Deposit
Company, OF Philadelphia, upon their vas.
possessions of mineral lands in Augusta and
Rockingham, Va, and Pendleton county, w.
Va, and also upon the Fredericksburg and
Orange Railroad, and other property in the
possession of the Royal Land Company, to
secure SO, SOC, 900, borrowed from the Fideli-
ty Insurance, Trust and Safe Deposit Com
pany.
The object to be accomplished by this loan,
is the completion OF the railroad and mining
enterprises of the Royal Land Company
They have already surveyed the route for the
continuation Of the Fredericksburg and Or
ange Railroad to Harrsonburg, and thence
to the iron and coal deposits in Virginia and
West Virginia, and possibly on to tie Ohio.
We are not informed of the particulars OF
/ this loan, but have heard it stated that it was
to be transferred in instalnents as the enter
Tprises tits designed to develop are progress
ed with.
We notice in the proceedings OF the l.egis-
laturc, that Il modification OF the charter Of
Royal Land Company has been granted by
the House, and will doubtless pass the Sem
ate, enlarging its privileges. We have not
seen the bill, but see that Mr.. Stuart sup
ported and Ex-Governor Smith opposed it.
Gov. Smith urged, in opposition, the same
old story that has kept Virginia in irons from
| time immemorial, that the Improvements
contemplated would direct trade from Rich
| mond and Virginia cities. Mr.. Stuart sup
| ported because the operations OF the Com
pary would develop Virginia interests, ere
ate taxable ealth, and contribute to the
general good. He. doubtless, readily remem-
bers tie song as the same that was hummed
years ago. which prevented the Valley
of Virginia from getting railroad upon more
favorable terms than she will be able to pro-
cure one in any future time.
If the purposes of the Roy al Land Com
pany are carried ont and. with the aid Of
So, 500, 900, for which their mortgage is made
as security, they will doubtless be-we
may confidently look for revival of all
kinds of interests in this portion Of Virginia.
The Company as now constituted, is COM
posed of S. D. Harms, P. Y. lite J. H. Wal
ter, G. C. Howe. r. n. Pool and James G.
Fulton.
With the opening OF spring. we may ex-
pect enlarged operations in the coal and iron
fields, and the rapid prosecution of the rail-
road from Orange Court House to Harrison
burg, by this company. The heavy loan they
have effected will enable them to complete
all their present plans, and give employment
to large number OF laborers.
|
| AUGUSTA NATIONAtl BANK.--At the an
nual meeting Of Che stockholders of this in
stitution, held at their building on fues-
day last, the following Directory was A.e-
elected: Hugh W. Shelley, President: A.
II. H. Stuart, Vice President: ID. A. Kay
ser, W. L. Bumgardner, John b. Evans,
NJ. P Funkhouser, G. G. Gooch, James
C. Marquis, A. A. Sproul, c. S. Baker. r.
L. Parrish.
In presenting his report, Judge Sheffey
made most gratifying statement as to the
condition of the bank, its operations, the
amount Of deposits, number of depositors,
etc. and complimented highly the efficient
management of the officers.
The Directory then reelected all OF the
old officers.
HusTINGs CoURT.-The January term OF
the Hastings Court. Judge Smith, presiding,
commenced on last Thursday. Twenty
seven deeds and cthcr writings were presen-
ted by the clerk, as admitted to record since
the December term.
The usual accounts to officers Of tllesG Court
were allowed.
A correction in the tax assessment against
D. A. Risk. for 1876. was made.
Chas. E. Hudson was appointed anu quail
flied as assistant Commissioner OF the Rev
enue.
Ordinary license was granted Augusta
Weaver.
In the case of the Commonwealth VS.. Il.
M. Hope, charged with an attempt to burn
the Stutz building, on Augusta street, the
Jury, without leaving their seats, returned a
verdict of not guilty.
Geo. Stuart, COL, qualified as guardian OF
Emma C. Parrish, and Immediately gave his
consent to her marriage, he being the BRIDE
groom.
John w. Stout was appointed Commits
sioner in Chancery of the Hastings Court
vice VIM. Patrick, resigned.
In the case of the Commonwealth as. Geo.
Washington. alias Jas. Marshall, charged
with grand larceny, the prisoner plead
| equity and was sentenced to three yeafgl
in the penitentary-the lightest penalty
the offense.
Kate Collins and Susan Curry were ar
raigned for keeping house of ill fame. The
jury was unable to agree, and when the case
was again called the accused waived trial,
confessed judgment for $40 each, and accep-
ted thirty days confinement in jail.
WEEK OF PRAYER.-The following are
the subjects recommended by the Evangeli-
cal Alliance for the present week OF prayer
which is observed by the Young Mems Chris,
tain Association of Stanton with the con-
culrchce Of the ministry:
Monday, Jan. sth. Prayer :--Ihanksglv-
ing for national, social and personal. relig-
ious and temporal merces during the past
Centennial year, with confession OF short
comings and mis-improvemento of privileges.
Tuesday, Jan. 9th. For the outpouring
of the Holy Spirit on all fissh that Christian
churches in all lands may be enlarged. de-
liyercd from error and corruptlens. and
blessed with an increase of spiritual power
and frllitfulness.
Wednesday, Jan. 10th. For our homes:
that family relationships may be sanctiiied
and home duties more faithfully discharged;
tbat haliavars may prOW in Grace and those