Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1877-04-14
SHEN. VALLEY RAILROAD.

At the meeting of the stockholders
of the S. v r. r. Co., held at Front
Royal, Va, on the 80 instant, five
Directors were accorded to Jefferson
county, viz: Messrs. w. II. Trayers,
A. r. Boteler, II. 3. Davenport and
Logan Osbourn, reelected; with Mr..
David Billmyer, new member, Berkeley
was also given new Director in the
person of Col. J. Q. A Nadenbousch.
In addition to the above named Direc-
tors, the following were also chosen
members of the Board: U. L. Boyce
and w. D. Smith, of Clarke; Mann
Splitter, of Page; and H. B. Harnsber-
ger, of Rockingham county, Va;
and John Kelly, of Lancaster, Pa.
Hon. VIM Mines was unanimously re-
elected President of tho company, and
Thos. n. Ashby, Esq, was reelected
Secretary.
The meeting is said 20 have been full
and harmonious, and the prospects, 1t is
asserted, are good for the early con-
struction of the road 10 Martinsburg
and completion of main stem from
Shepherdstown, via Cbarlestown, South
ward.
The following report was submitted
by the Board of Directors through
their President, Hon. VIM. Mines, Jr.:
To The Stockholders # The Shenan
donh Huiley Railroad Company:-The
President and Directors OF the Shenan-
doah Valley Railroad Company, in
submitting this, their annual report,
congratulate the stockholders upon the
prospect now before them of an early
resumption of the construction of the
work committed to their care, and
which, owing to unforeseen and I'M
comfortable circumstances, and against
their wishes and efforts, has so long
been suspended. With view Of the
furtherancc of the interest of this Com
pany by securing, at future day,
practical connection at Harrisonburg
with the Valley Railroad, the President
and Directors Of this road, at the com
mencement OF the past year, obtained
upon the terms of written PROPOSE
ton from the President and Directors
of the Valley Railroad, temporary
lease of the completed line of 26 miles
from Harrisonburg to Staunton, with
distinct understanding and agreement
that the said lease should be extended
to such further length Of time, not eX-
ceeding fifteen years, rs might be de-
sired by the Shenandoah Valley Rail
road Company. Ga these conditions
and under these expectations the Shcn-
andoah Valley road took possession Of
the Valley road between the points in
dieated-procured all the necessary rol
) ling stock and appointed all the neces-
:, sary agents for the operation Of the
road thus passing into their hands. The
President and Directors, however, re-
gret to be compelled to say that the
hopes held out to them of all extension
of their said lease have been frustrated
by the refusal of the Valley Railroad to
comply with the terms of the PROPOSE
ton under which the temporary lease
was in fact effected, and having thus
falling in the accomplishment of the
purposes ofthe original agreement; the
President and Directors of this Com
pany gave necessary notice tor the ter
mnation Of the arrangement entered
into, and surrendered at the end of six
months the Valley road to its proper
authorities, withdrew the rolling stock,
discharged the agents employed, and
paid off aud discharged all the llabllI-
ties incurred in its management
l1.i-
tous to effect, at as early day as pos
sible, connection with some existing
and operated road that would give an
outlet to the rich products Of the Shen-
andoah Valley, have accepted the over
lures of the county OF Berkeley for a
subscription of $4,000 on tie terms
and limitations therein contained, TO
construct the road from the city of
Martinsburg, in the county of Berkeley,
to the town Of Charlestown, i'll Jetfer-
son county, al important point on the
main line Of the road This arrange
ment, they are pleased to be able to re-
port, has been effected through the aid
of the said county thus afforded and
other means, and without in any way
impairing or diminishing the resources
of this Company to proceed with the
construction OF tie main work.
The President and Directors in con
clusion feel fully warranted in declaring
as their belief, that by the use of the
means which are now placed within
their reach, and early resumption and
vigorous prosecution of the work may
be expected during the current year
WIN. MILNES, Jr.,
President S. V. II. r. Go.
Lrro,, Do.,l Va Anr;l Q 1877