Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1878-11-15

oUcppou up anu olSuCu IL. AuOJ "oAO 80
lowed by Gen. Echols, E. A. J. Gibbs, OF
Augusta; Judge II. w. Sheffey and other
stockholders. Mr.. Evans, the proxy OF
StauEton land the only one present.
Messrs. Burke and Witt being absent), de-
| cIined to sign without reservation OF
Staunton's rights, the 100000 subscrip-
ton Of this city being among the money
| already spent, and not among the hypo-
thecated bonds stipulated to be surrender
ed He appended bis signature with the
reservation that Staunton should be re-
lieved from her pending $4,000 subscrip-
| ton, and that she should have her 500, 900
| paid back to her, or retain an interest to
| that amount in the completed road.
Mr.. Keyser, looking over Mr.. Evans
signature-"It's no use to send that to
Baltimore"
WHAT is TO BECOME OF sTAUNToN?
Mr.. Evans explained that Staunton had
interests as we'll as Rockbridge or any
county along the line, and had subscribed
as largely, in proportion to her population.
as any stakeholder in the road, and this
proposition was in effect to take her in
terest and give it away to the city of Balti-
more and the Baltimore Il Ohio Railroad
Co. And after that was done, and her
money gone, she was to take pot luck with
the Valley counties in getting another
railroad. Rockbridge, from which this
proposition to give away Staunton's sub
scripton had originated, had gotten good
deal of her own subscription back already
in money spent in construction within her
borders.
Mr.. keyser-The proposition from the
Valley stockholders is for the Baltimore
& Ohio II. r. Co., to give up STA 900 OF
bonds and her right i'll the road beyond
Stanton, for which she and the city OF
Baltimore are to get an undivided right
to the road between Harrisonburg and
Staunton.
Mr.. Evans-Yes.
MI Keyser-And now Staunton wants
her money back; a release from the $50 900
subscription and right i'll the Valley
Railroad?
Mr. Evans-No; we don't!
Mai. Dorman-Mr. Evans is right. There
was al omission in the rough draft OF the
proposition. 1t was intended that Staun-
toms interest should be protected in the
agreement.
MI Evans explained that StauntOn only
wanted to be protected in her own rights
and didn't want. any rights in the new
Valley railroad.
Mr. Gibbs said more money had been
spent in Augusta than Staunton had sub
scribed. He was surprised that when an
ehd of the Company's troubles seemed SO
near, Mr.. Evans should balk.
Mr.. Evaus-Augusta is d liberal county
and will probably subscribe to the compile
ton of the road as much as was spent
within her borders [Incredulous laughter].
nave only put on that paper the terms
upon which the people of Staunton made
their subscription, l have no authority to
go beyond this.
Mr.. Keyser said the alteration made was
not to separate. while the whole under
standing in discussing this matter outside
during the day was, that the proposition
was to be one for complete separation. He
could not take such a proposition as that
tackled on by the proxy of Stanton to his
principalS-it was mere tom foolery. The
prop POSITION was that the b. u Co., and
Baltimore should have the road to Harri-
sonburg free and clear. If there was to be
a divorce let it be final and complete.
Mr. Evans-But L don't want the little
city of Stanton to be the only one muir
dered, and nobody else suffer. [ want her
interest preserved. We like the Baltimore
people we'll enough and would like to be
part owners with them.
Mai. Dorman-Your interest there won It
pay your much.
MIR. Evans--I know that
\ Mai. Dorman-Then why DOM you come
| with us
| Mr.. Anderson said he was satisfied that
the Importance of this business warranted
it's being conducted carefully.
Mr.. Evans said he was willing to sign
the proposition, subject to the approval of
the city council of Staunton.
Mr.. Keyser recurring to the PROPOSE
| ton said he had no idea that the Balti-
more & Ohio Company would consent to
give up the $214,OO0 Of bonds held as col
lateral for $4,000, it had advanced in
money to the Valley Railroad Company.
Mai. Dorman said he considered the &C.
| ton of this meeting, on the proposition, as
OF vital Importance and he would like some
| time to be spent on it. He moved that
the committee that had reported the prop
osition be enlarged by the addition OF
Judge Shelley and Mr.. Anderson and that
the prop ,sition be recommitted to them
to report to the stock olders at noon
Thursday. His cotton was adopted, and
the meeting adjourned.
EIGHTEEN DAYS MORE OF SUSPENSE.
Y esterday at o'clock the Stockholders
re-assembled and the proposition from the
| Valley Stockholders signed by all (Mr.
| Evans signing for Stanton subject to her
! ratification through herConnci) was repor-
| ted ia pretty much in the same form as
the Light before-Baltimore and the B. 4
% Co.. and the stockholders residing in
| MARYLAND, to take the completed road be-
| tween Harrisonburg and Staun Oh free OF
every claim for it's shares the B. q Q. Co.
| to surrender the Stanton. Lexington and
| Roanoke bonds it holds. and the Valley
stockholders to take those and the untin,
| ished work Soutis OK Stanton and the
franchises of the company as their share
and 90. ahead under the name of the Val
ley r. r. Go
The Stockholders received the report
and referred it to the proxies of Baltimore
and the B. & o. Co., to be by them sub