The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1877-04-19
[From the Warren Sentinel of the 6th.]
Meeting Of the Stockholders Of the Shen-
andoah Valley Railroad.

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The stockholders of the Shenandoah Val.
ley Railroad Company held their annual
meeting at the Courthouse, in this place, on
Tuesday the 3rd inst, pursuant to notice.
The Hon. WIN. Mines, Jr., from the county
of Page, was unanimously reelected Presi-
dent of the company and Thomas N. Ashby,
ESQ.,, from the county of Warren, was re-
elected Secretary The following gentle
Boteler, Hon. W. H. Travers, Col. Henry
B. Davenporte, Col. L. Osborn and D. DELL
mre, ESQ.,, from the county of Jefferson, W..
Va, Col. John @. A. Nadenbousch, from the
county of Berkeley, w. Va, Colonel U. L.
Boyce and w. D. Smith, Esq, from the coun-
ty of Clarke, Col. Mann Splitter, from the
county of Page, II. B. Harnsberger, from
the county of Rockingham and Col. Jno. Kel-
ley, from the city Of Lancaster, Pa.
The following report was submitted by the
Board of Directors through their President,
Hon. VIM. Mines, j.:
To the Stockholders Of the Shenandoah VAL
leg Railroad Company:
The President and Directors of the Shen-
andoah Valley Railroad Company, in SUBJ
hitting this, their annual report, congratulate
the stockholders upon the prospect now be-
fore them Of an early resumption of the con-
structior Of the work committed to their care,
and which, owing to unforeseen and llncon-
trolable circumstances, and against their
wishes and efforts, has so long been suspend
ed. With view to the furtherance OF the
interest of this company by securing, at Il
future day, a practical connection at Harri-
sonburg with the Valley Railroad, the Presi-
dent and Directors of this road, at the COM
mencement of the past year, obtained upon
the terms of a written proposition from the
President and Directors of the Valley Rail-
road temporary lease of the completed
line of twenty miles from Harrisonburg
to Staunton, with distinct understanding
and agre ement that the said lease should be
extended to such further length of time, not
exceeding fifteen yeals, as might be desired
by the Shenandoah Valley Railroad Compa-
pany. On these conditions and under these
expectations the Shenandoah Valley road
took possession of the Valley road between
the points indicated-procured all the nee
essary rolling stock and appointed all the
necessary agents for the operation Of the road
thus passing into their hands. The Presi-
dent and Directors, however, regret to be
compelled to say that the hopes held out to
them of an extension of their said lease have
been frustrated by the refusal of the Valley
Railroad to comply with the terms of the
proposition under which the temporary lease
was in fact effected, and having thus failed
in the accomplishment Of the purposes Of the
original agreement, the President and Di
rectors Of this company gave the necessary
notice for the termination Of the arrangement
entered into, and surrendered at the end Of six
months the Valley road to It's proper author
tiles, withdrew the rolling stock, discharged
the agents employed, and paid off and dis
charged all the liabilities incurred in its man
agemenr.
The President and Directors solicitous to
effect, at as early day as possible, con-
nection with some existing and operated
road that would give an outlet to the rich
products of the Shenandoah Valley, have
accepted the overtures of the county of
Berkeley for the subscription of $4,000
on the terms and limitations therein con-
tanned, to construct the road from the
city of Martinsburg, in the county OF Berke-
ley, to the town Of Charlestown, in the coun-
ty of jefferson, an important point on the
main line of the road. This arrangement, they
are pleased to be able to report, has been eff
fected through the aid Of the said county
thus afforded and other means, without i'll
any way impairing or diminishing the re-
sources Of this company to proceed with the
construction of the main work.
The President and Directors in conclusion
feel fully warranted in declaring as their be-
lief, that by the use of the means which are
now placed within their reach, an early re-
sumption and vigorous prosecution Of the
work may be expected during the current
year VIM. MILNEs. JR.,
President s. V. r. r. Co.,
Front ROYAL, Va, April 3, 1877.