The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-05
LOCAL MATTERS.

THE FREDERICKSBURG RAILROAD MEET
,yG-A COMPROMISE EFFECTED FOR THE
PRESENT AT LEAsT.-Tbe stockholders Of
The Richmond, Fredericksburg and Poto-
mac Railroad Company met again at II
O'Clock yesterday, according to the order OF
adiournmcnt-Mr f. Y. Cannon in the
chair. DR.. l.. i. Anderson, OF Hanover
county. offered the following proposition
~ q compromise measure, and expressed
his hone that it would be adopted:
ReS0lrsd. That in the opinion OF the
stockholders OF this company, one OF the
lines for mail and passengers from Washing
ton 10 Richmond by way OF Fredericks-
burg should be in the day, and connect
with the line leaving New York at or about
9P. NJ.
Rcsolrcd, That in the opinion Of the stock
holders OF this company the president and
directors should before the 21st Of May next
carefully consider whether there shall not
be an arrangement with the Potomac Steam
boat Company to run by steamboat to and
from the wharf at Quantico that part OF a
dav line between Washington ard Rich
mond upon the terms that the receipts de-
rived from passengers, the mail, and freights
bv said day line from Washington to Rich
mond. aud uice versa, are to be divided be-
tween this company and such steamboat
company in the ratio in which such receipts
have been divided between this company and
the Alexandria and Fredericksburg Rail-
road Company; and upon the further
terms that as soon as practicable the service
shall be performed by an iron boat, or boats,
guaranteed by the builder to have an ave-
rage rate of speed OF eighteen miles per
hour and built to run through ice three
inches thick; and that the steamboat COM
. pany shall have from this company no
greater or other compensation than is pro-
yidcd by this resolution.
ReS0iued, Thatthi meeting do now adj
journ to the 21st Of May proximo ut y
O'Clock. and that the president and direct
ors shall report to such meeting.
Colonel Hilary Jones, by request OF DIR.
Anderson, withdrew his motion to refer the
subject TO n committee.
Mr.. Biddle, Of Philadelphia (who, with
Mr.. Conway Robinson, represented the in
terests Of Mr.. Moncure Robinson and great
English and northern stockholders, while
recognizing the right OF maiorities to rule,
conceded that they ought, as far as possible,
to do so with tender consideration for mi
norties and local influences. He had been
represented as coming down here with the
determination to run rough-shod over local
influences That was not true. His only
purpose was, without sel6shness or preju-
dice, to promote the best interests OF the
company and to serve the stockholders, his
personal interest as one such being very
large. Mr.. BiddIe spoke in kindly terms
of those who, on Wednesday, had been OPP
posed TO him, and said that he knew Mr..
Moncure Robinson would endorse what he
here said.
Mr.. Conway Robinson expressed SUBJ
stanlially the same sentiments.
The resolutions as first offered proposed
to give the president and Board OF Direc-
tors thirty days to make the inquiry and
report.
Colonel Jones asked that sixty be substi-
tuicd for thirty days.
Mr. Biddle remembered that this time
next month he and President Robinson
would be attending the Seaboard railroad
meeting. At his suggestion the time was
extended to date above mentioned, and
the resolutions were then adopted unani-
mously, and the meeting adjourned.