The farmer and mechanic. [volume] (Raleigh, N.C.) 1877-1885, 1880-04-08

ltAIlROAUI' -t.t. Is II on tuesday ran
up To Charlotte where he held cloSr con
suitatinG with Rufus y McAden. (owner
of two jrkS ia the Charleston and Paint
Rock Line: and President Myers. of the
Stlte~viile and Charlotte Railroad. He
then went u Whining, on. report says. to
bug thetdroliaa cntrai 1--WE sincerely hope
lie mas dn >n-E9. r * VI. which Is to
To sid mex month. The Charlotte Oiser
rer >tA>. AI"'hcr prominent member OF
the General Assembly states that NJ. Best
'oli ilm be n,d no idea that the Virginia
Midland * e1Slon would be built by that
Cprporatian. Fine rnmor thar the niuge is
10 to changed i probable true. \ Rich
mond 4 Danrille m4l. said on the streets
= Stcrddy That whatever happened their
rDtd Wouid wofk over the Western North
Carolina track ant it IS stated that Col
Andrews STOOD in pretty we'll with Mr. Best
IN RilciIh. -Major Wilson. president OF
the Western North Carolina Railroad. hiss
called 1 meetIn. of the stockholders at
Newton on the 10Th inst. The Asheville
tItt1eH says: 80 people ever felt more
grateful for the accomplishment of a pur-
pose than Ito those of Western North Caro-
Ina over the Stlc Of the Western North Car
DINA Rillrotlto AIr. Best s Cot APP
pears, however, Mr.. Best did not 90 to Will
mlnston, bat FASTENED to Newbern wheretbe
Directors 81 the "Nullet" link in the North
Carolina System We're hastily convened TO
receive a proposal for lease of the road for
80 wears ar a fee Of So, 900 for the first 80
years; $4,000 for the next 80; and $50
600 ior the last 50 years. The Goldsboro
.Nesseuuef from whom we borrow this news,
says :-"Ihls proposition, we are pleased TO
learn. was promptly rejected by a majority
ct the Directors. Finally, Mr.. Best who
speaks tor himself alone not for the Syn
dictate, 10 this matter, J proposed to lease the
road for the term Of thirty three years. and
to pay $4,000 annually. This proposition
received due consideration. The Board
agrees to submit it, with any other PROPOSE
tlons to the stockholders on the Doth, the
Directors holding that they have not the
power to enter into a lease
Inc messenger does not oppose the lease.
If properly guarded, but continues: The
State has little or nothing to ex,ect from
ITS investment in the Atlantic Road. now
that the key to the North Carolina system
has been placed in the hands Of Mr.. Best.
in such that the $50, 900 offered by him
would leave but a small surplus. after pay
ing the interest on the mortgage dent. there
IS no improperly in demanding proper 10
Cal protection for the people along the line.
and that this be backed by tangible secu-
rity that the pledges shall not be violated
We are told that Mr.. Best declined To olive
any satisfactory guarantees, and that he re-
fused to bind himself not to increase at any
any time the freight or PASSENGER tariffs as
existing for the different stations between
Morehad City and Goldsboro the lst of this
menth. Again Mr.. Best declined to bind
himself that be would not sublet the road
during the term of the lease, and for the
faithful performance of his contract he Of,
fers to put up only SIS, 900. A lease of the
road on such onesided terms affords no pro-
lection: however much Mr.. Best NAV be
disposed to do what is right in the NATTER
The Charlotte Observer gives currency
TO the Important statement that Col. w r
Myers, president Of the Charlotte and
otatesvlllc Railroad, has lately had a con
ference with the authorities Of the Bal
tlmore & Ohio Railroad, who proposes to
extend the Virginia Midland Railroad
across North 'arolina, and that an agree
ment was entered into, subjects to r~atiica-
tlon by the stockholders of the A., T. &. O.
road, whereby the Baltimore & Ohio is to
ilquldate all the debts outstanding against
the Charlotte and Statesville road and take |
charge OF it, buildinng a line across from
Danviile to connect with it.