The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-07-10
LYNCHBURG.

THE CITY AND THE ATLANTIC, MISSISSIPPI AND
OHIO RAHROAD-PEuTION OF TIE COUN-
CII-MAJOR DANIEL AND HANCOCK-THE
NEXT PRESIDENT INVITED TO THE FAIR-M-
PROvEMgNTs-THE NEW CHIEF OF POLICE
PERSONAL, &C.
Correspondence OF the Richmond Disraich.l
July 8, 1880.
The petition OF the city OF Lynchburg.
prepared by Captain Charles NJ. Blackford,
10 be made party in the suit OF Skiddy,
. Barlow 4 Co., rs. the Atlantic, Mississippi
and Ohio Railroad Company, now pending
IN the United States District Court for the
Eastern District OF Virginia, has Just APP
peared in pamphlet form, and is a strong
presentation OF the case. II shows that
Lynchburg possesses in its corporate ca
pacity S4ll 600 Of the stock OF the Atlantic,
Mississippi and Ohio Railroad Company
and SAL 100 OF the stock OF the Virginia and
Tennessee railroad. There is. moreover, an
outstanding balance Of $4,000 OF the stock
OF the Virginia and Tennessee railroad,
upon which the city has guaranteed per-
peiusl dividend Of 6 per cent. The total
investment OF the city is thus shown TO be
$500. 900, 10 meet the interest upon
which heavy taxes have had to be
imposed on the property and bnsi-
ness Of the city for many years past. The
petition proceeds TO commend the admins
traliOn Of The receivers, and prays the Court
not 10 hasten the sale OF the property when
il is now paying dividends both 10 the d.
yisiOnal and consolidated bondholders, and
NAV soon be expected TO remunerate its
owners from it's receipts. a letter OF Ma
ior Fink, one o. the receivers, TO the City
Attorney, states that the net income OF the
road for the current year Will probably
reach 1900, 900, while the interest on all the
bonds OF all classes is but S750,000. The
gross revenues OF the road were q, 193,757
for the year 1S72-'73, ard it Is believed that
lis income will soon be as great. A net an
nual revenue OF Sl,000,000 will not only
meet all current expenses and the dividends
on bonds, but enable the management 10
pay of large amount OF floating debt and
interest in arrears.
The enthusiasm for Hancock in the city
has been increased by the handsome letter
OF The General to Maior Daniel acknowledge
ing the congratulations OF the Virginia
delegation. Major Daniel leaves tonight
for New York 10 serve on the Committee
q Honor appointed TO inform General Han
cock formally OF his nomination. He will
be the bearer Of an invitation from the
MAYOR OF the city, the president OF the
Council, and the secretary Of the Agricul-
tural Society, requesting General Iiancock's
attendance on IL next annual fair on the
18Th, goth. &st, and 22d OF October.
The premium list Of this exhibition has
Just been published. The premiums amount
10 several thousand dollars. All Lynch
burg lakes PRIDE in this institution. Its
management is in the hands OF the best
businessmen, and its fairs are always sue
cessiul.
An old landmark OF the city is in process
o. demolition. The pulling down OF the
Tyree House, on Main street, was begun
ibis morning. This property was purchased
by Mes-rs. Winfree Il Lloyd OF the estate Of
John ID. Tyree, and il is their intention 70
erect on its size one OF the largest store
houses 10 the State, which has been leased
in advance by Messrs. Guggenheimer q Co.
There is much feeling here over the NOM
nation Of the Malone electoral ticket
nOmInally for Hancock. but really calculated
10 defeat him. The general idea among
Conservatives appears 10 be that the party
has made enough concessions to Read1ust-
nent and ought 10 stand firm.
Rev. 4. III. Williams, pastor OF the Grace
Protestant Episcopal church. who has been
III with rheumatism for several weeks past,
will leave for the Warm Springs on Monday
hext.
Captain A. ii. Pettigrew. who CON-
msnded General Lees body.Ruard during
lbe war, has been elected chief OF police
W the police board. There were many APP
pliestions.
The Conservatives Of Campbell are to
mye ratification meeting at the courthouse
on the 18th.
Mrs. Emma Lee, living on Diamond Hill,
nfeported 10 have given birth 10 two boys
ana two girls al one time recently, all OF
WON are alive and well. TELEPHONE.