The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-12-17
Local. MATTERS
4l.,.,,nnsl rlI,..iIr,.oatf.

Canal RA1tTOn0.
.pJoUgsED NETTING OF THE STOCKHOLDERS
OF THE JAMES RIVER aSDKASAWHA CANAL
4 RAILROAD PROPOSED FeoN CLIFTON FORGE
TO LYNCHBuRG.
An adjourned meeting OF the stccknoid-
ers oil, the James River and kanaHaa So pa :.
pany was held yesterday afternoon ~ IN .ne
Office OF the company Thomas " IA; mc'
Canoe in the chair; Colonei ". Z. Muh'
ford secretary.
Nsfor Johnston, president Of the COM
many. st ated that the stockholders had az
iourned over FROM the annual meeting 60
awais the action Of the city OF Richmond
ON a proposition 10 aid In the construction
oi the proposed railroad up the Valley OF
.Js,nes river 10 Clifton Forge. He also ex-
blamed that the proposition before the
Council OF the city OF Richmond had
failed. He felt embarrassed by questions
by members OF the General Assembly, VINO
wanted to know what the company pro-
posed to do. They say II railroad cannot
be bull. to Richmond one must be Dull 10
Lvnchburg. The grading OF the Chiffon
Forge road is progressing rapidly, ana soon
it viii be ready for the rails and the cross"
ties, and we have no money to buy them.
he regretted the necessity OF calling the
stockholders together, but as be had no
plan he thought it best that they should De
90 informed, and decide for themselves
what course is 10 be pursued. fne Worio
is not standing still. Efforts are being
made to get convicts 10 aid Ia the construc-
ton OF the various lines now being butt IN
the State. BE bad heard that the line IS TO DE
tanned on the Lexington branch and near
I've river, In the vicinity OF AI'an's creek.
He said that fair progress had been maze
toward settlement with the creditors, but
there was no money to pay them undef tne
agreement proposed.
MIR. Barclay said that there was now
crisis in the affairs Of the company. lie
bad hoped that there would have been
proposition from the city OF Richmond or
somebody else TO build the rairoao: ne naa
nothing TO say against the city OF Richmond
for refusing to aid in the construction OF
the road. He thought, however, that kicn-
mond had made mistake.
Mr.. Barclay presented preamble ana
series OF resolutions ordering that the pre-
sidcnt endeayor TO secure such legislation
aa will authorize the consolidation OF the
James River and Kanawha Company and the
Buchanan and Clifton-F Forge Railway Com
pany, and as will enable the company TO
substitute and maintain line OF railway IN
whole or Ir part as may be deemed practl-
cable and eXpedient from Clifton Forge uid
Buchanan and LyDchburg to Richmond
with branch to Lexington.
II is also ordered that the president con-
tIpue the effort 10 secure the compromise
and consolidation OF the Indebtedness OF
the two companies, and renewal OF the
grant from tue State OF the convict labor
for The completion OF the Buchanan and
Clifton Forge railway. And, to provide
against failure TO secure the objects OF the
resolutions. through the organization as
above indicated, the president is directed to
secure such legislation as will enable him
to contract With other corporations or per-
sons TO carry out the designs OF this COM
panv as herein expressed, and for such dis
position OF the stock in this company own
ed by the State as will promote such end.
Tie third resolution IN the series looks to
the procurement OF legislation to authorize
the company to make separate mortgages
on tue property, and OF such parcels as may
be expedicnt, with view to settle the out
Standing Indebtedness on The basis OF the
comp omise now being negotiated, and also
for the completion OF The Buchanan and Cliff
ton.Forgc railway, and for such snbstitu.
ton OF railroad for canal, In whole or in
part, as may be accomplished under the first
resolution.
The resolutions were first agreed to, and
then ION motion OF MIR. Barclay reconsid-
cred. ....... ..,..
Mir. Barclay moved 10 refer the rcsolu-
tons to committee of three, to report at
another meeting.
Mr.. NowIin, Of Lynchburg, saw no rea-
son for referring the resolutions to COM
miltce. lie felt sure that 1t was only neces-
sary TO adopt the resolutions without refer
ring them 10 q committee. He felt that the
president was Il power in himself, and That
% IA, h, Z n
line would soon be built down TO Buchanan
and then to Lynchburg.
Colonel Cabell was heartily glad the reso'
lutons had been presented. He had long
thought that a road could be bull by de-
grees by the james River and kanawba
COMPANY taking The matter in hand. ...
The subject was discussed at length, va
rious gentlemen taking part.
Mr. Barelny withdrew his motion to refer
the resolutions.
Mr., Higgins moved 10 consider the rcso-
lutious In the meeting OF stockholders.
Agreed TO.
Colonel Cubel inquired whether the reso-
lutions were intended TO mean by the Ian
guaee "whole or in par" that the presi-
dent should ask the Legislature to give the
company authority to luild o railroad to
Buchanan and Lyuchburg, and there stop.
Ii that was what the resolutions meant, he
would vote against them il they were
adopted. -s4s .
Mr.. Barclay said he never drew resolu-
tons having two meanings. He meant to
give the president authority to contract to
build road from Clifton Forge 10 Rich
mond; but he might not be able to contract
to build further than to Buchanan or Lynch
burg, or halfway between clifton Forge
and Richmond. He wanted him to have
authority TO build down as far as he can,
but ultimately to come to Richmond.
Major Darlington said that as he under
stood the resolutions they meant TO change
front Of the former plan OF the company to
build from Richmond to Clifton Forge, and
now to build from Clifton Forge to Rich
mond. III the company can get no further
than Buchanan they will stop there. II they
can come 10 Lynchburg they will do so, and
further if they can.
Alaior Johnston, president Of the COM
pany, said that he supposed the scope OF
the legislation would be certainly the CON-
plction Of the Buchanan and Clifton-Forge
railway, probably the building OF the road
TO Lynchburg, and possibly TO Richmond.
Toe resolutions We're agreed to.
Adjourned to ed January at 4 p. III.
Police COURT. The following eases wer.
disposed OF at the Police Court yesterday
Charles Flanagan and John Stone, fol