The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1879-06-26
The Chesapeake and Ohio R. R. Extension.

sDAY.................. JUNE 26. 1879
The Chesapeake and Ohio R. r. Extension.
A dispatch from Lexington, Ky, dated
the 18th, says: Sat the meeting of the City
Council tonight, a proposition from Mr.. C.
P. Huntington to complete the Big San
dy railroad to Huntington, if the city
would withdraw a pending suit for own
ership and surrender control to him, was
accepted, on condition that if it is not COM
pleted in three years the road is to be turned
over to the holders of paid-up stock. The
strongest assurances that the road will be
built were given by Maj. NJ. c. johnson and
Col. Breckenridge. Gen. Echols was at the
meeting of the Council, las also the Kentucky
Board of Directors of the road, who also ac-
cededto the proposition. 1t requires the con-
currence of the County Courts Of Fayette,
Clark and Morgan before the matter is de-
termined. If favorable to Huntington he
will begin work at once"
A later dispatch from Lexington dated
the 10Th, says: The County Court of Fay
cite county to-day accepted by a unanimous
vote the proposition of Mr.. c. P. Hunting
ton for the completion Of the Big Sandy
road. The county withdraws from the
suit for the recovery of the road. So soon
as the Counties of Clark and Montgomery
do likewise, and Mr.. Huntington is put in
control, he agrees to put surveyors at work,
and as soon as the survey is completed he
will commence the building of the road.
He agrees that the money derived from a
mortgage on the line shall be expended
to build the road and for no other purpose.
As Clark and Montgomery will probably do
as Fayette and the city of Lexington have
done, the work ought to begin in very
short time.
Another dispatch dated at Mount Ster-
ling, Montgomery county, June Goth, says
IA meeting was held here to-day in the in
terest of the Big Sandy railroad, at which
Gen. Echols, of Virginia, presented the
proposition of the New York company in
clear and exhaustive manner, The Coun-
ty Court will be convened on Wednesday
next to consider the like action taken by
the counties of Fayette and Clark and the
city of Lexington. Gen. Echols will go to
Lexington tomorrow, and return Tuesday,
in order to be present at the meeting of
the court on Wednesday,"
The Lexington, Kentucky, Gazette gives
the following particulars Of the terms of
negotiations now going on:
G.. P. Huntington, for the Chesapeake
and Ohio Railroad Company, agrees to COM
plete this railroad from Mt. Sterling to Hun
tington, at their own expense, within three
years from July l, 1879, andif not complet-
ed within that time, they are to turn the
road over to the Kentucky Board, land relin-
quish all claims whatever of stock, interest
or subscriptions, and let it alone. They
agree to commence work as soon as the
whole matter is legally arranged and settled,
and think they will have the road completed
in fifteen months. The Kentucky Board
relinquish all authority and control whatso-
ever in case the agreement is properly
signed and ratified, but the Kentucky
stockholders will hold their stock and have
that much control, as stockholders, in all
corporations. The Kentucky Board agrees
to withdraw the suit now pending for con-
troll of the road, and agrees to put it all in
to the hands of the Chesapeake and Ohio
road. The conditions of this agreement
are: That the County Courts of Fayette,
Clark and Montgomery, and the City Coun-
ell OF Lexington agree to the withdrawal of
the suit, and ratify the action of the Ken
lucky Board; that the Huntington party
sign the agreement, and the Eastern Board
fully indorse it.
Huntington & Co. will have absolute con-
troll from Lexington to Huntington. They
have already put Gen. st. John to work on
the survey. He will run over the old route,
and if possible, improve it, and will carry
the survey forward at once.
Mr.. Huntington passed over the Chesa-
peake and Ohio Road, returning from Ken
lucky to New York. We learn that he is
very plain spoken about public feeling on
the subject of the extension, and expresses
himself very decidedly about the work. He
has made all the propositions to the Ken
lucky people he proposes to make, and if
they do not accept what he has proposed,
then that ends all efforts to revive work on
the Big Sandy and Lexington road, and
other outlets will be considered. There has
been bad feeling between the people OF the
counties along the proposed railroad and
Mr.. Huntington, growing out Of a misun-
derstanding of certain facts, connected with
the subscriptions Of those counties. A full
explanation has somewhat modified the
misunderstanding, and we hope that the
result of pending negotiations will be salts
factory all around, and ensure the construc-
ton OF this important link in the Western
plans Of the Chesapeake and Ohio Road
With that affirmatively determined, we may
contemplate the future of this great enter
prise, and the country through which it
passes, with confidence.
State Credit.
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