Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1877-06-23
Washington and Ohio Railroad.

| ma mySCl! GitackEG ID your lGuFSuay 5
paper by writer signing himself "Justice' fer
sevarsl alleged grave n,isstatcmcn's in my state
rsens 1t uccio. cf the ". & 0. bondholdcrs
OF .Iunc IA, ani also fer want Of SELF respect
far making The satrrcH:.
La regard tn the alleged ulSstatcmcnts, l
here append the minules Of the proceedings Of
the boari, which fully .us!ain me in every fact
stated to that meeting and now denied by
81 justice ~
| On the sd oil March 1850, Mossr: :. }. G.
| Moore and John Powell rendered their resigna.
| tons rs Directors, and Hossrs. r. s. McComb
| and Cakes Ames were electe! TO their places by
| tho Board
| On tho 18Th Of AIay, 1860, al u meeting OF tho
| t'o.rG present, tho President, and Messrl.
Morgan, McComb, Leo aud Jsnney, Directors,
The following resolution was adopted:
Resolved, I'hat tho President and Messrs.
! lie orrb and Lee lie 2 committee TO negotiate
with competent ard suitable parties for the
completion OF the company's railroad to or nesr
| Winchester, and for the equipment and stock
! ing thereof and that thoy report their proceed
ings therein 10 this Board for approval before
| execution.
On the y Of July. 1863 -uresent, tho Presi-
dent End Mcssrs. McComb, Lee, Orr and G.
| ]nrneT. plrec.o.s,-tho committee on the SUBJ
| ject reported a contract which they had made
|
Henry 5. McCenb, JOHN l., King J. Bard
we'll, S:rnueI IL Edgar, John S. Kennedy,
! Henry Lewis, Andrew Jameson, J. Frailey
Smith ard Cakes Amos. The said contract was
approves, and the President was directed to
execute it. and the Clerk to c0untersgn it. This
WAS tho contract known by the date of July 9,
! 1868.
On the sd Of November, 1860, the following
| Directors were elected by the stockholders, viz
H. S. McComb Wilmington, Dol; G. +. Lee,
Fairfax county, Va; John H. King, Springfield,
Mass; John Janncy, Leosturg, Va; Henry
| Lewis, pAiladclphis; BENZ. Morgan, Clarke CO.,
! Va John S. Kennedy, New York "a ma jority
| Of whom we're pa; les 10 the contracts
ct the same mceting tho President and Aessrs
McComb, Lee and Morgan wore appointed a
committee TO oxemins and report upon the best
route to Berryvle; ard tho President, HIS.
McComb, Q. Z. Lee and j. L. King, COM
mitlee TO procure tho necessary legislation from
the General Assem- blies Of Virginia and West
| Virgins.
AZ Bosrd ,noctiug November 3, 1869, tho
were appointed ths Executive Committee. and
ut a subsequent meeting Mr. Nee. was made
| Chairman.
Sept. -, l670,-prcscrL. the President and
! King, Leo. McCornb and Kennedy Directors
! Mcssrs Kennedy, King HGd McConb Wero ap-
pointed p committee 10 prepare the deed OF trust
! or mortgage to secure the bonds known 80 the
| Washington and Ohio issue.
| Feb. S 1871, j. z. Smith, of Philadelphia,
unoLhcr party TO the contract, was chosen Di-
rector in place OF NJ J. Janney, resigned At
this meeting the committee reported draft for
the r,crtgage deed, which WAS approved and
new Executive Committee appointed, Consisting
| Of Mcssls King. Kennedy and Smith this on
motion Of Mr.. McCoTb. Tho route 10 Win
chester Was referred to the Executive Committed
with power 10 contract for the construction
thereof.
On tic :o.h of May, 49,. Mr. McComb WAS
| appointed Chairman Of tho EXECUTIVE Com
mittee and VI. Levi. was appointed member
Of i. in place of M Kennedy. This committee
WAS authorized u retro tho A, u. u II. bonds
by substituting w. Il o. bonds for thom and TO
cause tho a, l.. X II. mortgage to DO cancelled
! Of record.
1t thus appears that H. S. McUon5 aud
Cakes y mc-, Two OF the parties TO the contract
Of uIy . 1862 were directors on the 2%l of
March, 1869, and that John l.. King, Henry
l.wis and } ohm 5. Kennedy, three other con-
tractors, ,er.;Gc directors un the 81 OF Noyem
Der, 1863, thereby pIaeiGg themselves in the
attitude 81 directors aud contractors 1T the
-.rna liu1r. ",Iustica" states lha. the aSso
| catcs clam nothing except the money advanced
a,a ln;rrr"'. They are over modest. They
Stipulated three things First, to advance the
S.2j Goa; second, IL negotiate the bonds
lhld, to tui!d !hc road 10 Winchester. They
have 10 claim Or case til they have performed
all their contract, or have 4 sufficient reason for
ret GGirg So
The n!ouey they advaGc,I was squaudcred
usllar their msmanagemc1t First, in ordering
a surrey which was utterly useless and beyond
their cgnrac:, to wit, from Winchester to the
! Ohio river: Gec0Gd, III Spending large amount
| IN cnpraviug the bonds beyond what was pecos.
:arr, aal in paying $1,000 tor drawing the
mort.aG2 In regard to negotiating the bonds
it caa ha established there never has been an
ctTart 20 rcgotiatc them; 90 the contrary that
| NJ .Con:b prevented their negotiation.
! Notwithstanding the Presidents statement
| ttas "Iie board has come to Al understanding
with tic coa!tac'ora ct July >, 1869, and oil
matters a.alGa oGt OF tic contract are 10 pro-
cess ut settlement, aud the contract has been
cane. rd, - the matters aceJc not settled aud The
c3n:r@c: vas act cancelled. There was DO such
@r!c: u lie board whatever, aGd there was
rnver ony such set Il was a mere nuuc pro
! !:cc stg,emcnt ct hlr. Mckenzie Of matters
which, 81: Of lis saGgulnc temperament, he
concluded would be done, and suppose may
have thought rs good az donn. but they never
| |Grc.
| I! IS Z rn;SsI.t2meG. TO say that overlooked
! the protcrdcl settlement OF August f, 1874.
| Ga the c1utrary. | stated it in full and stated
| t.IGt II Was !! CcGl tGuu Vli Viz oOuNhpiaSlS
uuder the decd oil trust OF April |, 1871 (of
which these contractors had legal notice.,
which represented that only S25, 900 of prior
lcus on account CT the i. Il Il. r. r. existed.
No s0lemntty could consummate this fraud.
Tho proposition CT August "A, 1874, OF Nc
! Comb, for himself, s. II. Eagar and }. Fraley
Smith. was cne Of sublime and almost lucred-
bc ctfrou,cry. BY their contract Of the 4th
OF March they coveaantcd that, having become
holders OF the loads of the A., l.. & II, H. K.
So collateral, they pledged themselves TO sur.
| renler said bo:ds, ADD TO receive IN exchange
! for tic same, upon demand being made, the
| first mortgage booas OF The ". 4 o. L. Il. in
| equal amounts.
! Ga the 30.h Of May, 1872, the executive
c5,n nittec. composed Ct said NC ConeJ chair
man, and J. 1. Smith aud Lewis, were author
izcd to retire the A., j. & II. bonds 10 tho
hands OF the contractors by substituting the
bonds Of the W. l. q. &. h.
Accordingly the President made a tender Of