The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-03-01
prrrRsBuR

rHE CIT rs STOCK IN The rkrkRsBuRo
p.us ~, -pupcHAsED BY HOLDERS OF
vIR| - Am SECOND MoRT0A1E BONDS
GA, n roxprErgD AND STOCK TRANS
s,rvn-rur crrY's DEBT TO BE RE-
ercvr--srsrIsrrcAL MATTERS - REVENUE
pScrIrrs Ixp TOBACCO ExP0RTs-vIsIT OF
ruw pxru1AN GRAND CHAycELLoR-cHUsCH
,~r.ovevgNr--Ruu0RED CHANGE OF NAN
AGExExT, &C., &C.
Ycorr.spondeucc or the Richmond Dispatch.I
tO'''''' FEBRUARY %, 1880.
The q aa5 shares Of preferred stock OF the
pa,ar.bmrg railroad owned by the city
hav. ali hen sold. Ia the aggregate the
ssoct hronpbt IFS full mortgaged value OF
sIea zoo IL was purchased in different
,o,s hv some fifteen or twenty PARTIES
holders ri first and second mortgage bonds
- Tho road-residing in Baltimore and
p;chmond. In round numbers, 2.40O
shares were purchased in Baltimore and
soo sbares In Richmond. Mr.. Douglass
Cordon was the largest Baltimore
buyer-taking 1000 shares. olr. New
comher and several others took the
ether 400 shares. The 800 shares sold in
Richmond were taken by Messrs. Netting,
Branch. and Stuart and the estate OF William
GRAY. The sale was only completed yester-
dav The entire amount OF the purchase
money has been paid, and the transfer OF
the stock, or at least the order for 1t. has
beet, made. This purchase OF the stock by
the first and second mortgage bondholders
serves only to strengthen the interest they
already have In the road.
The proceeds of the sale OF these bonds
will be devoted, as have previously stated,
TO the payment OF the S160,500 OF the bonds
Of the city Of Petersburg, which fall due
on the first day Of August next. What re-
mains over and above the amount necessary
to pay these bonds, and any expenses Incl
dent 10 the negotiation OF the sale, VIII De
passed to the credit OF TIE Sinking Fund.
The present bonded debt OF the city is
s1.I7S,000 After the LIST OF August IL VIII
be reduce SlG0,500, and the percentage oi
debt to the real estate value OF the city VIII
also be largely decreased thereby. =.
At the meeting OF the Common Council
on Monday afternoon a full and detailed
report will be made by the Finance Com
mittee relative to the sale OF this stock. IL
is also probable that the Public Property
Committee will report the various proposals
received for the erection Of a new town
clock. 1t is hoped that the Council may
give the public clock that can be illumi-
nsted at night.
The matrimonial market has been I'M
usually dull this month, only four licenses
having been issued from the clerks office.
These were given to white couples.
During the month siXty.one cases were
disp of in the Mayors Court. embracing
various grades Of crime from felony down.
The amount OF fines collected by the court
was s25-all for the city.
The iuternal-revenue receipts In the Pc
tersburg district for the month OF February
amounted to 6l,I14. The exports OF man
ufactured tobacco from this city for the
month were 23l, 53S pounds.
Grand Chancellor Ii. A. Atkinson, OF
Richmond, is expected to visit our city on
Monday to install the ofhcers-elect OF Trim
ity Division OF the Uniform Rank OF
Knights OF Pythias. The occasion will lie
celebrated by public parade OF the diyi-
sion-ts first appearance in public. The
division numbers about forty men, hand
somely uniformed and well disciplined.
The First Baptist church OF this city Is
to undergo some Improvement preparatory
to the meeting there of the General Associi-
ton OF Virginia in the latter part OF May.
understand that Rev. DR.. Hawthorne, OF
Richmond, has consented to come over and
deliver a lecture in behalf of the fund now
being raised for rat purpose.
The Southern Express Company is carry
Ing through our city twenty crates or more
OF strawberries daily, shipped from Charles
ton to the New York market.
II is understood that enough stock in the
Petersburg Savings Bank has recently been
purchased by Messrs. Thomas Branch 4
Co.. OF Richmond, TO give them control
ling interest 10 that institution. 1t is fur
Their understood that at the annual meeting
Of the stockholders OF that bank, to be held
next week, change will be made in its
management. Mr.. r. r. Hill has been the
president for several years. The name OF
The Rev. AIexaueer q. Brown, vino has for
years been director OF the bank, is very
generally mentioned on the street as the
probable incoming president. The matter
has caused good deal OF talk in the city.
While there were lightweight commit
ments 10 Jail during the present month, the
number OF inmates IN that Institution is now
Ohly fourteen. The number OF tramps COM
mitted during the month was forty-eight.
The receipts OF cotton and tobacco per the
Petersburg railroad during the week end
ing to-day were 200 bales and $50 hogshead,.
The farmers throughout this section have
been very busy all this week seeking oats.
The season has been exceedingly favorable
for blowing and sowing, and large area
has been seeded.
Mr.. w. 7. Browder, a well-known and
popular citizen, was taken suddenly and
seriously i'll last night. He il somewhat
better to-day, but is still very i'll.
The body Of the Republican party over
this way favor Grant for President, while
the leaders seem to prefer Sherman. How
they will manage about the delegates to the
Stanton Convention remains 10 be seen.
ROBIN ADAIR.