The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-02-21
Local. MATTERS

g The JAMES.RfrER v ALLEY. RAILROAD CON-
pANY.-- General Lee, from the Committee
on Roads OF the Senate, yesterday reported
Co the Senate four very important bills re.5
lating to the construction of the James
River Valley railroad. The fiist bill is that
introduced by Mr.. elliott TO amend the.
charter OF the Straight t-Shoot Railroad Com-.
pany, and TO change the name OF the Rich-.
.mond and Allegheny Railroad Company,
and to extend its lines. The bill reviyes
the old Straight-Shoot Railroad Company
and authorizes the company to connect with
the Buchanan and Clifton Forge railroad.
The Committee on Roads propose to amend
this bill so as to require che authorities Of
any city or county to first give their assent.
to subscription or exchange OF bonds be-
fore any county or city subscr,bes to said
road.
The next bill reported was that intro
duced by Mr.. Marshall to amend and re-
enact sections /, 8, 5, and Ii OF an act ap-
proved March 27tb, to incorporate the Bu-
chanan and Cliiton-F Forge Railway Com
pany, and to enable the james River and
Kanawha Company to subscribe to the capi-
tai stock thereof. The committee presented
q substitute for this bill which originated
with the canal company. The substitute
authorizes the canal company to contract
with the Buchanan and Clifton-Forge Rail-
way Company for the use by 4 the railway
company OF the conYicts that have been
hired to work on the canal after the canal
has been repaired.
The next bill reported was that intro
iuced BY Mr.. Marshall to extend the fran
chiScs OF the James River and Kanawha
Company and to provide for the sale OF the
States stock in said company. This bill
4. 4, faI qt,n sS,f ffn Lob
and the committee reported it, with amend
ments similar in substance to the amend
ments proposed to the first bill mentioned.
The fourth bill reported from the COM
mittee was that presented by Mr.. Workman
viz, - to incorporate the James River Val
lev Railroad Company with amendments).
This has also been printed in full in the
Dispatch, and is known as the Stearns bill.
There are various amendments to the bill,
and one similar to that to the first bill re-
ported. The committee also propose to
strike out the whole OF the Sth section and
insert the following: 'sThe construction of
the railroad shall be commenced in the vi
cinity Of Lynchburg and completed to Cliff
ton Forge and Richmond at the same time,
and that portion Of the line between Rich
mond and Lynchburg shall ut all times,
either by canal or railroad, afford q contin-
uous transportation until-the railroad is
completed to Richmond. An amendme~
to the bill also authorizes the company to
purchase the States interest in the james
River and Kanawha Company"
Mr. Blind yesterday introduced q bill for.
the sale OF certain claims OF the State OF
Virginia against the Government OF the
United States to the James-Riyer Valley
Railroad Company and the Potomac and
Ohio Railroad Company upon certain con-
ditions. -
The bill proposes to sell to the James,
River Valley Railroad Company and to the
Potomac and Ohio Railroad Company all
the claims OF the State Of Virginia against
the Government OF the United States for
advances OF money to aid in the erection OF
public buildings in the city of Washington,
and also for the balance due to this State by
the Government OF the United States for
advances to aid in carrying on the war OF
1912, and in consideration
1st. These railroad companies are to col
lect these claims without any expense to
the State.
Cd. The said railroad companies shall,
out of the gross proceeds OF the claims
aforesaid, il recovered, pay or settle what
| is due by the State Of Virginia to the Fede-
raj Government as trustee OF various In
dian tribes, amounting in principal and in
terest to the sum OF $S09,154.
Sd. And shall pay into the State treasury
the sum OF S1,O0O,00O in consol bonds OF
the State as follows: within two years
100000, and each year thereafter 100000
until the whole amount is paid into the
treasury; and that to secure the payment
OF these amounts the State shall have lien
upon all the rights and franchises Of the
said companies prior TO any ether liens
upon same.