The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-11-14

some beneficial way, then the enactment OF
this bill, or some similar measure, at the
next session OF the General Assembly may
tend to secure to the State some compensa-
ton, direct and Indirect, for past expendi-
lures, and give to the people an improve
ment permanent in its character and suited
to their necessities.
Your calm and painstaking consideration
is needed as to the best plan for conserving
the true interests OF public and private
stockholders; for answering the demands
OF creditors, secured and unsecured; and
for meeting the reasonable expectations of
the people OF the James River valley.
On motion OF Mr. Higgins, it was ordered
that the report be referred to s committee
of seven. .s. 4.
The Chair appointed General T. M. Lo-
gan and Messrs. B. 81. Nowlin, n. L. Straus,
D. J. Hartsook, William II. Haxall, Walter
N. Johnston, aad Henry G, Cannon as the
committee.
The President stated that Mr.. Barclay, one
OF the State proxies, who was anxious to lie
present, had been detained In Staunton,
but would probably be here on Thursday.
R1cHMoND's HoPE-A PROPOSITION FROM THE
:. RICHMOND AND ALLEGHANY RAILROAD COM
PANY. -:..,. ..--
The President laid before the stockho!d-
ers the following communication from the
Richmond and Allegheny Railroad Compa-
ny, through its yice-president, Mr.. II. e..
Parsons; which was read:
OFFICE OF TIE RICHMOND AND ALLEGuAEY
RAILROAD COMPANY,
CORNER THIRTEENTH AND MAIN sTs.,
RICHMOND, November 13, 1878.
To the President Of the James River and
Kana11ha Company:
The Legislature OF Virginia at its last
session, in the act incorporating the Rich
n1ond and Allegheny Railroad Company,
authorized it TO purchase any OF the pro-
perty and franchises OF the James River
and Kanawha Company within the limits
OF the charter. The Richmond and Ale
ghany Railroad Company has complied with
the terms Of its charter and perfected Its
organization, with the exception OF the
election of 4 president. 1t has been en-
gagged for some time in maturing its plans
and examinations in order to entering upon
the construction OF its road. 1t is appa-
rent from these examinations that some
part at least OF the works of your COM
pany are essential to the early and cheap
construction OF its road. The gentlemen
who propose undertaking this work have
appointed a committee TO confer with all
the parties in interest, and il possible to es-
tablsh a basis OF cooperation. This com
mittee consists OF Hon. Hugh Mccullough,
James S. Wells, and I'll. c. Parsons. They
also directed al examination and estl-
mate by Mr.. II. D. Whitcomb and
other engineers OF the probable cost OF
construction and local revenue, and re-
uuested Hon. Thomas Ewing to make gen.
eral examination Of and report upon the
H. ,fa - fhncn
been upon the whole favorable, and am
instructed BY the committee first named to
request the stockholders OF your company,
il they see proper, to appoint committee
for consultation. Such evidence rs VIII
satisfy YOUR committee Of the ability and
purpose OF the gentlemen OF our party Will
be promptly furnished, and an honest effort
will be made to establish some basis OF CO.
operation that shall be just and equitable TO
all parties in interest, and shall secure tue
early construction OF railroad between
Richmond and Buchanan. with branch to
Lexington. Failing in this theV have no
present purpose of proceeding farther in
ther investigations. / enclose letter Just
received from General Ewing.
Yours truly,
rsirnpd1 Ii. c. PARSONS.
GENERAL. Ew1NG's ENDORSEMENT.
The following is General Ewing's letter,
referred TO in Mr.. Parsons'S communlca-
ton:
LANCASTER, O., November 0. 1878.
Dear Sir.-If the stockholders and officers
OF the James River and Kanawha Company
shall see tit 10 cooperate with our associates
| in attaining the objects proposed by the
Richmond and Allegheny Railroad COM
many, am satisfied the means will be forth
| coming for the speedy construction OF the
railroad. Very much depends on the dis
posltion of the canal company ana the
nponIe Of the James-River valley.
| The parties proposing to take the matter
| in hand are OF the highest character and OF
| large resources, but are not disposed to en-
pa@e in the enterprise without the cordial
Goodwill and cooperation Of the canal COM
nanv and the influential men Of the valley.
| with that assured, believe the way Is clear
for the early and complete success OF the
enterprise. ,-,
advise me. Iwould attend it but for en-
paeements which will occupy me in Ohio
until near the meeting OF Congress.
Very truly yours.
rsiored1 THOMAS EWING.
IL. Z. Parsons, Esq, Richmond, Va.
SHALL 4 RAILROAD BE BUILT IN THE JAMES
RIVER VALLEY?
Mr.. Cannon said that in view OF what hao
been stated in the Presidents report ana thc
communications Just read he would OTTER
| the following preamble and resolution lot
the consideration OF the stockholders:
Whereas the president OF this company,
| in his annual report submitted this day, iaS
used the following language: Whether the
canal shall be preserved and its connection
with Clifton Forge completed, or Whelhcr
the canal shall be converted, in whole or IN
part, into railroad, and If so, how, when.
and under whose auspices and CONTROL Is
now a living, practical question, the con-
sideration OF which the Stockholders can
not avoid il they would.": therefore
Resolved, That so much OF the PrcSl-
dents report as refers TO the present con-
dition and future policy OF the company De
referred to a committee to consist OF the
proxies OF the State and the cities OF flcu'
mond and Lynchburg. the president OF the
company, and five additional members lo
be appointed by the Chair from among tne
private stockholders CT their proxies, Witt
the request that the committee shall CON
slider the subjects referred to in the Presl
dents report, and report thereon, with sucf
Recommendations as may seem proper to the
committee, to an adjourned meeting OF the
stockholders; and the committee hereby
constituted is authorized and empowered tt
confer with any person or persons who may
have any propositions to submit relating K
the matters referred to.
The resolution was unanimously agreed to
| On motion OF Mr.. 81. K. Ellyson, th,
communications from the Richmond ant
4