Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1879-11-14
committee, consisting Of Messrs. Evans
Dorman b Barclay.

COMultt00, COUSlntluS VI McbSIb. GVnuS
Dorman 3 Barclay.
THE COMMITTEE REPORTS IN FAVOR o.
REPEATING THE LAW.
The committee after lengthy consulta
ton in an adjoining room returned and OF
fered report in which, after reciting tina
p art of the Presidents report which SUM
up the position IN which the company il
placed by the hostile legislation Of las
winter, and approving the same, recon
mended the appointment Of a committee
of five to take the necessary steps looking
to the repeal of said act, ana earnestly in
voking the aid Of all parties interested il
the completion of the improvement to Sc
cure such repeal, that said act was nov
the chief obstacle in the way of negotia
ting a mortgage, and reiterating the or
der previously passed, which provided fol
placing mortgage. The Board was alst
instructed as soon as such repeal should
be secured to at once place the mort gage
and prosecute the work to completion
Pending the adoption of this report con
siderable discussion ensued.
Mai. Dorman opposed the adoption o.
the report. He did not regard the act az
| virtual confscation, and felt no assurance
that the work would go on even if the acl
| was repealed.
Mr.. Evans said the committee had
measured the feeling of capitalists by
their own. They would not be willing to
lend to corporation situated as this was,
and believed that no one would.
Judge Sheffey made conciiatory speech
explaining the nature Of the report, insist
ing that the measure recommended was
the only chance for the company and
strongly urging unanimity which he
thought would avail with the legislature.
Mr.. Barclay spoke warmly in support of
the report, which he had himself drafted.
This act of legislation was the chief thing
now in the way. If the Valley road was
ever to be completed 1t would be done by
the Baltimore & Ohio Company, and he
wished to remove every obstacle.
Mr.. Keyser did not want any mistake
made. No assurance on the part of the
Baltimore 4 Ohio Company was given. 1t
was simply his opinion as an officer Of the
Valley Company, that the first step for
ward now was the repeal of this law. The
President of the Baltimore & Ohio Com
pany had assured him that it was always
his intention to give all the aid he could
to the road. He had never relinquished
| this idea, it was only held in allegiance by
the force of circumstances.
| Mai Bell wished to know if the Balti-
more Il Ohio was undertaking any new
lines or making any effort to complete TN
| finished enterprises.
Mr.. Keyser replied that the company
was preparing to push forward all of its
work vigorously.
Maj. Dorman said he was sorry to OPP
pose the report but he would insist upon a
scaled vote or its adoption.
Mr.. Duvall said that time would show
the wisdom of the measure advocated if it
was adopted. Baltimore would like to see
the road completed. The act referred to
retarded its completion. OF one thing,
however, he could assure the board: 1.-THE
road would not be built until the act was
repealed
After me furthor discussion and ex-
plantations the report was adopted unani-
mously-Maj. Dorman yielding to the
wishes Of the majority of the Rockbridge
proxies.
The Chairman withheld the appointment
of the committee for the present.
ELECTION OF OFFICERS.
The following officers were re elected =
! VIM. Keyser, President; Dlrectors-Henry
Duvall, Decatur IL. Miller, Baltimore; Jno
| Echols, Stanton; J. J. Allen, Botetourt:
| VIM. A. Anderson. Rockbridge. and Os-
borne Latrobe, of Baltimore; to fill the va
cancy caused by the death Of Mr.. Norris.
Before the adjournment Judge Nc.
Laughlin explained that Mr.. Anderson's
absence was occasioned by his having been
summoned to Georgia to the bedside Of his
uncle who had since died.