Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1878-11-15
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FRIDAY MORNING. NOV. Is. 1877
Local

FRIDAY MORNING. NOV. Is. 1878
Local
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THE GREAT RAILROAD DIVORCE
CASE.
A PROPOSITION OF THE VALLEY STOCK.
HOLDERS TO DISSOLVE WITH BALTI'
MORE AND THE B. 6 o. r. r. CO.-DI'
yIDING OUT THE ROAD-WHAT Be
COMES OF sTAUNToN's $100, OOO-THE
PROPOSITION CARRIED TO BALTIMORE,
&C., &C., sc.
The great railroad suit OF the Valley
Railroad Stockholders Us. the City of Bal
timore and the Baltimore l. Ohio r. R
Co.. for decree of divorce vinculo naatri
mouii was annually heard Wednesday in
Judge Sheffey's Office. The fair plaintiff
was there in full force, having considera
bly draggled her skirts in climbing over
the unfinished red clay railroad embank.
meuts in Botetourt and Rockbridge to get
here. She was less excited on Wednesday
than we have ever seen her at hearing OF
her case. Maj. Dorman of Rockbridge heI
next friend was dressed with scrupulous
care and evidently felt that he was ap-
preaching the goal of his efforts. Ex-Sen-
ator Anderson, after his European tour
from which he has just returned, appeared
fresh for the fight and looked remarkably
like he had a ''proposition" concealed
about his person. A. T. Barclay who has
the muscle of the party, looked as news
paper men generally do, like he was ready
to thank the gods if good fortune fell upon
him, or to commence the fight over again
if it didu't The defendant in the case
was cool, business-like. well dressed and
imperturbable as usual. The hearing Of
the cause was begun Wednesday at noon.
BUSINESS BEGUN.
On motion of Mr.. Keyser, Mr.. John B..
Evans, Of Staunton, was called to preside.
The proper committee reported the follow
ing stock represented: Lexington 800
shares, represented by Messrs. w. A. An
derson, S. H. Letcher, and W. P. Houston;
Staunton !, 500 shares, represented by Join
B. Evans; Baltimore 10 600 shares, repre-
sented by Henry Duval; Rockbridge $3.50
shares, represented by j. M. Gibson, j. T.
Mckee, C.. M. Harper, A. 7. Barclay and
J.B. Dorman; Botetourt 1000 shares.
represented by J. M. Spiller, the Baltimore
& Ohio r. r. Co. 10000 shares, represen-
ted by VIM. Keyser and Richard Norris.
Roanoke county was not represented.
REPORT OF THE BOARD OF DIRECTORS
FOR THE YEAR.
The report of the Board of Directors for
the year ending Sept. Both, was read. 1t
shows the receipts for the year to have
been $40. 691 81 and the expenses $35, $3.50, 10
leaving profit of s5,06l Al. The Board
tribute the small earnings to- three
"a uses: LIST, TIE failure to secure much
sum mer resort travel, through the Chesa-
neaxe> IL Ohio road not having made con-
nection with the Valley road; I'd. the re
duction of freight on grain in order to
compete with the c. Il o. road, and Sd, the
.diminuti,3n of through business in con-
nection with the G. IL 0. road resulting
from that company dlverting the traffic,
as far as in it's power, to Gordonsvllle and
Richmond. in order to give itself longer
haul. The operating expenses OF the road,
say the Board, have been reduced as far as
it was prudent to 20. The salary OF the
company's legal counsel Judge Sheffey,
has been reduced to S, 900 and that OF It's
Treasurer to $3.50. The company's bal
ance was reduced by $1,000 from having
to nav that amount IN settling some old
land damage cases. The Board report the
refusal of the Finance Com missioners OF
Baltimore to give their approval to the
mortgaging of the road in order to COM
plete it.
The Board regrets to have to report thai
s5lsa company's indebtedness to TIE balCl
,ma'e & OHIO Co. for money advanced na'
mot peen materially reduced. The county
and town bonds held by the b. q y. 20
AS collateral are sufficient to settle this IN
tdebtedness, but the action of some OF tn
eitizens of Rockbridge has rendered 1t I'M
nosslble to sell these bonds at prices thai
10 Xefault of interest has occurred, the
j.. yltation has impaired the credit OF th'
a. ,nty so as to make it impossible to OBJ
tain satisfactory offers for its securities
Tho p. @. Co. advanced the money IN
libera spirit to save thu Valley R. R. from
threat, ped banksaptcy and foreclosure ant
the ;ndt ,btedpess has been carried at low
rate of in t.erest in the full confidence Ina
the Valley Go. could make its assets avail
able. The Board hope that the sgltatlol
in Rockbri doe has now ceased and thai
the credit Of the cou MY will be re-estat
lie al so as to ena Die the company t
market ITS bonds at the.'r proper value
The Board report that the open accouh
between the B. IL o. Co. and the salie!
Co. has been settled by arpitratlon' an
the indebtedness Of the latter 20 tae ioi
7mer, fixed at SIS 300.
ELECTION OF A BOARD OF DIRE'AoAs
The committee appointed as usual TO IL
port the names Of gentlemen for Ine posi-
tions of President and Directors, reporte'
the following names for Directors pe
half of the B. & o. R. r. Co., VIM. hey
ser and Richard Norris; City OF bSlol
more. Decatur 81. Miller and Henry Dnvai
Stannton. Gen. John Echols; Lexington
and Rockbridge, w. A. Anderson an
Botetourt, Judge J. j. Allen. The com
mittee also reported it inexpedient to re
port a name for President. a. present. IN
report was adopted.
THE PROPOSITION FOR DIVORCE.
The meeting adjourned after these pro
ceedings until O'Clock at which hour
assembled but again adjourned until
o'clock. At that hour the committee I