Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1878-11-19
THE SHENANDOAH VALLEY R. R.

A meeting of the Directors of the Shen-
andoah Valley Railroad Company was held
at Winchester Oh the 18th inst There was
. very full attendance of the members of the
Board. A report accompanied by maps and
profles, &c. of the engineer in charge Of the
survey of the line from Shepherdstown to
Bedington on the Martinsburg and Potomac
Railroad, was submitted, by which it was
shown that practicable and desirable
route could be obtained for q connection of
the two roads above named-thus securing
an outlet TO the Shenandoah Valley Railroad.
This branch, it is believed, will be speedily
put under contract, and the work of con-
struction will be commenced at an early day,
and prosecuted to completion before tho
coming spring.
The track of the main stem is to be laid
through Shepherdstown to the river this
fall, in order to afford an immediate conneo-
tion with the c. & o. Canal, at that place.
The bridge over the i. q o. r. R, near
Dufheld's, is nearly complete, and the en-
CINE will probably cross it tomorrow. The
grading force of Messrs Purcell & Riley are
now at work in Clarke county.
TIE VALLEY RAILRoAD.-Att the annual
meeting of the stockholders of the Valley
Railroad Company, in Staunton, Va, on
Wednesday, proposition was submitted by
Dir. Dorman, of Rockbridge. signed by the
Valley proxies, excep. those of Stauuton, for
dissolution, the city of Baltimore and the
Baltimore and Ohio Company taking the
completed portion of the road between Har>
risonburg and Stanton, and the Valley
stockholders the unfinished portion and
s2l4,000 town and county bonds, now held
by the Baltimore and Ohio Company as col
lateral. On the following day the proposition
was submitted in an amended shape, and it
was directed to be referred to the proxies of
Baltimore and the Baltimore and Ohio
Railroad Company, by them to be submitted
so their principals. Major Dorman reported
that Mason, Shanahan {; Co., had made a
proposition to construct the road from Staun-
ton to Lexington aud thence to Salem and
equip it. The stockholders deferred consid-
Grafton of the offer until after the Sd of De-
cember. Mr.. keyser was unanimously
elected president, and the meeting adjourned
to December Sd, when an answer to the Val
ley proposition is expected.
An intelligent farmer suggested to US re-
Gently the propriety of the Legislature this
winter passing a law to exempt mortgage
lands and other property from taxation to the
extent of the mortgage or deed of trust
That is to say, he thinks if a man has farm
valued on the assessors book at SIS 200, and
there is mortgage on it for $4,000, then
the amount of the mortgage should be de-
Quoted and the owner of the farm taxed on
$4,000 valuation instead of 5000, and the
owner of the mortgage taxed on its value,
sZ,ooo.-S hepherdstoUn Register.
What, if the SIS, 600 farm were mortgaced
TO its full value, would you do about the nan
who is the nominal owner and possessor, and
who is deriving all the profits he can
make from the property?
The official returns of the election for Con<
gressman in this district give Mr. Martin
/ 15,42l, Mr. Burr 7 $50, and Mr. Thomson
4231 votes .-...-