The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-01-08
rha al M.Mo. Railroad,

Roth the Lyncbburg morning dsilies OF
Thursday call attention 10 rumor In which
Redmond ought to feel some interest. The
Vrgin;an says:
ave learned yesterday, almost beyond
The possibility OF doubt, that the rumor
which we noted week or Two since re-
speetng negotiations abroad Tor the pur-
chase OF the Atlantic, Mississippi and ONO
rai!rosd by parties whose interests wou'a
be Iaimical 10 those OF the cities that saefi.
feed largely 10 secure the CONSTRUCTION OF
this great line, Us true. - -,
alt now appears that the British bond
ho).ers who have procured the order for
foreclosure OF mortgage and sale OF the
proeerty--is fiucnced by apprebens'ons OF
lufricncly legislation, nstigated oy toc
,,erson whom they esard as almost omhip'
o,ept In Virginia aflairs--do not care 10 De-
come the purchasers Of the property. Aoo
3, they are entertaining propositions from
other parties, who, II once IN posscs'
sion OF the property, could not by Eca-
son of their location and their III
terest In northern railway connections
and Giles have any interest IN the
line east Of point at or near salem, excep'
for purposes OF local tonnage. And so, In
that event. Lyncbburg. Petersburg. Rich
,aond. and Norfolk would be switched OIL
inc main track, and all through trade d.
yer,ed yio the Valley TO Philadelphia and
other northern cities. And now we may
well inquire. Is this 10 he the end OF all our
efforts and sacrifices In behalf OF tnls me
Must Lyrchburg and her sister CUES, tnat
have put millions in this work, siahd 'c'F
by and see IL pass under the eontro' vi peo-
pie whose Interests are alien to those OF our
cities and State!"
The NeicS says:
BEWARE There Is danger in wait. Nir-
cinia cities and Virginia are threatened. a
scheme Is Matching that will serve 10 sap the
fountains OF their prosperity. we nave II
from reliable authority that plan Is on loot
and being pressed for the SHENANDOAH var
ley Company, backed 10y Tom SCOT, TO buy
me Atlantic Mississippi and ONO iailfoau
when Il is sold next month. That means
tanning the line at Salem, and straight
shoot 10 Philadelphia aud New York. The
Saenandoah-Valley road is striking for
southern connection, and that Will secure
il on the most favorable terms possible.
The vital inter csts OF Norfolk and Rich
mopd and Petersburg and Lynchburg are
involved I'm this matter. The long-boped-
for scheme of building up great poit al
Norfolk, winch now seems so promising
and which would be so vastly important 10
Virginia, will be nipped in the bud. Our
capifal city, which has started on career
OF prosperity, will be crippled. Lynch
burg will nave Il severe blow struck to her
trade and prospects. This proposed cut
of" will leave them all out in the cold.
What will they do? VIII they not make 4
struggle for their safety?
:. To us IL seems perfectly clear that our
policy is an alliance with the foreign BOND
holders BY every means in our power we
should encourage them to become me pur-
chasers. We should make FRIENDS OF tneal
by assuring them of our friendship, ana
not reptl them by outgivlnss OF enmIly' as
has been so much the case. WIN the road
in their HANDS Norfolk would be the con-
verging point OF all the great through ous'-
nes, which The ramitications Of the line
collect: direct trade would be established,
and the CITY woud grow and prosper.
Other Virginia cities would have fair
show for business, with no discrimination
apainst them. The country would be
developed by lateral branches, and the road
would be run en- the English plan of low
charges, which blings out the most Dusl-
ness.
Bv long odds our interests are with
those OF the foreign owners. They SHOULD
be made to know that that sentiment pre-
walls bere, if it does prevail. They should
he made to know that they will have friends
all along the line, and will not he running
the gauntlet Of strangers and enemies.
They are afraid OF iuimica legislation. Let
them be assured that they will be protected
by all the great power which the corpora
lions and people along the line can bring 10
. bear. We believe that the Councils OF our
cities, and even the county authorities,
should take action looking TO the opening
of friendly relations between them and the
nartIes beyond the sea. Mutual goodwill
and confidence once established the way
Will be clear.
This is time for wise action. Feeling
or sentiment should rot come In the way.
IL is a business matter. Our best interests
are Threatened. We should hold out the
hand 10 those who can save us. Exactly
what should be done we do not assume 10
say, but we sound the alarm and hoist the
danger-signal.
Virginia will OF course lose the four mil
lions of dollars which the Atlantic. Missi''
sippi and Quo Railroad Company owes her,
The foreign bondhoders could afford to
nay more for the road than any other set Of
persons, and we bad supposed they would
do so, and thereby regain control OF this
most valuable property. But the Var9tntoh
seems TO have had information leading ii
10 believe that they will not do so. The
Ne,cs takes more hopeful view OF the
matter. One thing is certain, that whatever
is 10 be done must be done soon.