The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-05-30
TJ1O THE BONDiiDLDERS OF TIE
I i MES nLNEE \ NJ EANA M.uA LNMPANI.

NV tiE btiS i'ii'l.'T.hN VIZ l u IL
sJiMES RIVER AND kANAWiIA COMPANY.
AS The period wihin w!.rn II l. Necessary i"r lht'
Richmond AMI A"&hany Railroad Company L"
r.np"ic IT. contract with hit james River ana
Kama yila G0tnpauv i Glawiu. rapidly ~ clp>r.
we t,cm 4 proper 10 urge upon you the imprraE"c
a: ii oEcr ."nlnG the proposition for .ct'lcErni.
GpUa which d+pcrGs HE >icct : al IL" railroad TIL
;crpr!sc.
appointed ny The general meeting Of The b"niiIrld-
ers to obtain Your Subscriptions, and tav't IL" other
motive III addressing than IT, sccurc the success
in. for The advancement al our common Interests.
Uulc> W" obtain Your assent to his prop lsiil"".
which WAS adopted by Z rcprc4Cn'ntiy: meeting.
wpich has been carefully shaped and guarded ~
Your cDni'nittc.. the railroad cannot tr built.
Ii n fails. after all the time aud money cXp"nt"t
In br'n@ins l.; 10 lis prn>Gn STATE u coInphr'l!I"
success. Il Is not probable that other Cap!tii',t'
VIII be "lilin- 20 commence at"W ti "lri,t.t Nin6
which those who are most 1" b" h.n"l;c" by II tIe
shown their muwi.i!ugH">s - assist.
We have received No interest upon our bonds TOR
two year, or more We have MT III: slightest pros
lcct OF receiving ai;y from the james hiTcr a"i
fiana" Ia Company III the nature. Ii ". LOOK :" 4
Sa- OF ;he property uahc. Z !"c"c: Of Foreclosure.
alternative. the prospect J. lti:"ic c.ouiY.
and uncertain.
10 oar eli ,rt in shat direction We mus; cxD"ct
slrenapuS resistance froF, tie company ana tedious
litigation which NAY lr pr"!on=2'! FOR N"hls Ia The
end. when sac l. DRAINED. III" pErchrscr nHNt
tkp he ururcgty with The hurtuG al The IrAiiI hi-"
which requires canal 10 be op"ra'c" from Eich-
moni 10 Bucli:,uan. II being demonstrate! bS the
past history 81 ne conpanT That III" cana c''
be- ocritcd IN - entire length except al loss. wIo
Will Durcha. WIN the Uuf;b,N ol ;N!N IfaVcIIscs
ON The other hand. ~ accepting th'i Proposition.
/. i true itt We rcinluish portion 81 cur d.it
but ~ 10 The rcIn"ind"r. ~c obtain security FOR he
ucdiaie DAY OF orr interest IN advance, ana
the payiacnt Of the nrinclpai IL Three years.
As security. wc obtain. in the ilrst place Nil 'nat
there Is Of value in the caniiviZ.. the revenues ~
the Richmon'i dock aud ttc watcr-powcr. The rest
Is al Incubus. which annually aG>ocIs The Income
which ,hnu!d be. but never Is applied 10 Tie pay
mtut or Utr interest Thee gross revenues are 10
be placed II once IN the hands OF our own trustees.
Ia he Sccoai l.!ace, We retain our lien upon the
whole proucrty al the Jsiacs River AMI KanawIla
Company mill such lime ~ he railroad company,
having DEPOSITED the $500 600 required by 1w. are
prepared 10 Issue their own frSt-mOrtgsre bonds.
They then give rs 4 first Hen npnn the gross reYc-
nueS OF the dock, and. IN addition. an amount Of
their hrst-Mortgl-e bonds, collateral security,
equal 10 the amount OF their Indebtedness Tor The
purchase OF our bonds.
We do not surrender our lien upon the entire pro-
perry Of tie company nutil all Hens are cxi!Gu.sh-
ed except triglng debt 70 The Stale ot Virginia,
which l. MOI yet dne.
II the railroad company fails To make the deposit
or $500 900 required BY l:w NE carnot be injured.
because in that event agreement. Is void, and our
bonds remain In our possession. III they d. CON.
p!c,e thei contract by making the deposit II IS sut-
icicut guarantee OF their ability 10 carry the euter-
prise TO Il successful Issue.
Wehave manifested our faith IN The scheme ana
The security ofere.i by subscribing bonds.
The great bulk OF the Virginia Oondholders have
| done likewise. But Is IS necessary that all shall
| cumc into This arrangement.
Ii those who are Vet standing ou. refuse &c Coop
crate with US, what have they TO expect? They VIII
cause the failure OF this grst project, the reaiza-
lOn OF which Is so afitnsfS HtS cu OF I'LL WITHIN
| tans They VAL lose the golden opportunity t. cut
The Gordau knot or tho difficulties In which ihe!I
Interests are iaroyed, ami they have nothing TO
! look 10 In ihe future but continued disaster. de-
pressed values. and prolonged HtiGattoG, with
! doubtful aud uuproiniSMs termination. Lsss than
| u month emsns within which 10 consunmate the
! complicated arrangements for tins great undeTtak-
| lug As we undei stand and are informed. It's sue.
! cess or falrc depends upon your mmedtate action
There i ,iue be lost. There no tin,e to pro
jeci aud mature new or different schemes. We there
fore urge I'll who are yet doubling TO make up lheir
| minds and act without further delay. We do no
HEST ute To express 10 you our deep-sea cd eonPlc,
tion thar further delay Will be fatal 10 the success o.
] this great anq Important (nte. prise. qg.cs
1 22st@ ~ JOHN STtWART, Chairio'.n.
| EDWARD ii. FISHER, Secretary,
] Richmond, May 81, 1872