The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-02-08


ROAD AND MOVE \ POSTPONEMFNT OF
THE SALE-PROMINENT PERSONS PRES
ENf, &C., sc.
The fight to get control of the Atlantic.
Mississippi and Ohio railroad is TO be re-
sumed to-day in the Circuit Court Of the
United States, and il is said that General
Ben. +. Butler is to lead the forces which
have been marShalleG TO make the assault.
General Malone, it j. understood. fights
under the fig with him. and William p.
clyde and aSSOciltes furnish the SineWs OF
war. Ii Is somewhat formidable array,
not only because Of the men engaged i'm the
movement, but because they come i'm the
name % the stockholders OF the rOld. and
1t l. said will offer 10 pay all arrears OF in
tereS. on the bonds. place the road in the
hands OF Virginia managers, and conduct IL
for the benefit Of those for whom it was
originally built.
GENERAL MALONE DECLINES TO Re PRESIDENT.
Moreover, 10 quiet the fears OF those who
might oppose thi> effort on the ground of
their objection to General Malone going
bIck into the presidency Of the Atlantic.
Mississippi and Ohio road it i, publicly
announced on high authority .'lhat under
10 circumstances VIII be- consent 10 again
becoming president II the road"
II will bc remembered that the Atlantic,
Mississippi and OHIO road has been adycr-
ti>ed I'm the Dispatch and other paper, for
The last ninety days 80 bc sold at public auc.
tlon on Thursday next at l. O'Clock in
front Of thr cu-tom.hou.c in thi, city. Thi,
i, IN adjourned safe from The 1T Of N0y,m-
ber last.
TINE GIVEN TIE STOCKHOLDERS To RAISE IHE
MONEY.
The original decree for the foreclosure
sale va, entered ~ JudecS Bond aud
Hughes at Noriolk, Nay 9, 1879, and nine
month, were given TIE Stockholders Oi the
road To "pay into the registry of tbs court
on 5r before the second Tuesday Of January
next [Janulry, l>>0l tie amount aSccrtuIucd
and herein declared to be due by tn said
company 10 The compIljnant>."
II remains 10 brArCn whether. having al
ready given the stakeholder, all tins time 10
do what it i, said they noW. two diy, be-.
fore the sale, propose - Ito il more line j.
given them. the court viii grant their mo-
ton 10 postpone the sale and give them an
other cnancc.
WILL THE SALE nE POSTPONED?
While il is fresh ia thr public mind that
thi, same court refused las idl The applicI-
ton OF the state oi Virginia for a ~uspcu-
sion Of the sale OF the road, there ate those
who say it Will hardly hear these new par
ties who come in the name OF The ,tockhold-
crs 10 ak boon which was denied Nir-
ginia.
But those who >oy this are Interested in
another direction, and wish themselves 10
get control of the road. They. too. make
great prOmi> u running Il IL "a Nir-
ginil institution. and for the develop
mcnt .ol the mineral, manufacturing. and
agricultural resources II t1e state. Under
their programme the cStock held Toy the ci ie~
OF Norfolk. Petersburg, and Lynchburg -
To receive protection and become valuable.
MR.. CoLLINsoN AND HIS ASSOCIATES.
And then there is Mr. Colinson and his
associates. who insist upon the sale OF The
road TO pay what j. due them, who viii
have much 10 LAY in opposition 20 This mo-
tion for further delay. III, more than iGtl-
mated. too. that the syndicate OF bondhold-
erS, who II i understood viii be bidders
at the sale. have made ~ lib"r.l promise,
about The management oi The road and tn"
projection ol our sister cti,> as any ci their
prospective competitors.
SALE OF TIE STATES INTEREST.
There was much speculation in financial
and railroad circles yesterday - ID which
Of the parties in lhi. triangular ti!at would
come out victor. When II was announced
that the Ciyde syndicate had bought the
state, interest in the Atlantic, Mississippi
ana Ohio road many predicted that this had
given them a standing in court ahead II an
Others. Ata called meeting of the Board
Of Public Works held yesterday the Board
sold the state, interest OF
FOUR MILLIONS or DOLLARS NTHE ROAD FOR
FIVE HUNDRED THOUSAND DOLLARS.
VI which $1,000 wa, paid in cl.b. the
balance to be paid when tn sale >haii have
been confirmed 10y thc Legislature. Gov
crnor Holiday. il l. stated. voted against
TIE sale. and entered Il record q protest
against il. Auditor Massey and Treasurer
Er,n0ld, voted for the sale. The contract,
In is understood. j. conditional one.
Although the proceeding, OF The Board
were private. or supposed TO b., it soon
Ic tkcd ont what had tran,yiled, and there
were many willing cJuie->or, To BE- found.
TIE BOARD or NEUTRALITY-SUSPICIOUS..
The members Of the Board OF Directors
II me Atlantic. Mississippi and Ohio rail
road present i'm the cuy last ni-ht were
General William Malone, president. ana
Nc,-r>. Charles W. StathIu. y. Fu.hrrson,
Thomas :. Bocock. AfthGr johnson, ANA j.
II. Claiborne. These gentlemen were ma
conference 10, the wing Office until a late
hour. and the programme Tor today. II =
safe to sly. was fatty and freely discussed.
Hy the lram OF la-f night Mr. Jpun Col-
lu>0n, the agent OF the foreign b)ndhcid-
cr.. arrived from New York, and with him
Mfr. Dough, Gallon and Bis attorneys,
Jude v. ID. >hlpman and Joseph II.
Choate. Esq. General Benjamin +. 'uilcr,
of counsel Tor the stockholders OF the COM
plny. ctme IN Oh the same tram.
jude Bond i at lle Exchange es are
most u the genll mch connected with ihc
cls0. and Judge llughe, wiIl be here tbs
morning.
Me,,r>. Charles l.. Perkins and Henry
FINK, receivers ii The company. are on
hand: as are also i. }. klmblll ana z. l..
Bovcc, understood 10 be connected with tbe
Shcnand0ah VALLEY railroad or that interest,
and Major Charles :. >rnsfcil3w, ~ Pc
icfsburs; Mr.. II. A.N. Post, of New York;
and General Suth Boiling and Hon. Joseph
.Jorgensen, OF Petersburg.
PETERSBURG AND LYNCHBURG.
The Finance Committee OF the Council of
Petersburg Mes>r>. (. W. Nenabie, :. i.
Arlington, james Gillian, W. +. spots
wood. and Hugh X Smlth-are here TO rep
resent Petersburg, and have been diligently
trying, with no great degree OF success, to
find out the aims aud Interests OF The various
gentlemen now active in the matter. Cen
cral Groner and Mr.. John l.. Roper are here
from Norfolk with like designs. Major
Jonn w. Daniel, OF Lynchburg. Is here,
and is m communication with the aulhOr-
lies OF that clty, and is probably posting
them 10 the best Of HI ability.
The following telegram vas received
L Il ~ l.. .-i L.