The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-02-13
RF0RGANIZATION

takes place Lynchburg stock spd all other
claims due her citizens will be dealt with
on fair basis, and this IS matter OF cqulta-
bic right and true policy.
The sale being subject TO the divisional
liens of some 81, 100000 makes the road
cost the purchasers in round numters Sl4,'
zoo. GOO, or S33, 600 per mile; the road
being in excellent order and having an
earning Of S1.000.000 after operating eX-
Dqn>Cs, which. at 6 per cent. upon ltS cost,
would leave about per cent. dividend on
Sc. 600 900 of stock; while il i true that
some Of the existing lien bonds bear s per
cent, yet the new company, OF course, Oy
negotisting lOwer.intereSt rate securities
and paving of the hish-interest bonds, a
considerable amount of which can now be
retired, being redcemabIe upon notice. and
the Atlantic, Mississippi and Ohio ler
cent. being PAYABLE IN full, which can also
De replaced hy lOwer-intcrest rate bonds,
can materially reduce it, interest account t
and prove this To be a good purchase TO
Mr.. Clarke and bis associates. The amount
due the state prior 10 sale will, | doubt
not, be fairly met by this new company.
=. J. Kimball. Esq, president Of the
Shenandoah Valley road, wh'ch already
has some two hundred miles Of road in this
State, IS associated with Mr. Clark and other
capitalists IN this line, and they have no idea
Of crushing out one half OF a.trTSn ticent
roadway " hich nature has made The high
way iiom the great South TO the sea, as has
been feared by some, as have been
PERSONALLY ASSURED.
Indeed. Mr.. Kmbali smiles at the absurd.
ity Of hi, allowing one hilf Of any line in
hi> direction 10 be dwarfed or suf,r by bis
neglect. While cooperation OF Lynchburg.
Norfolk, and Petersburg was cminently
proper ia order TO seek to save the stock,
and while their standing together a. they
did pending this sale in order 10 control
management, had redemption been allowed,
was likewise proper, and while | am in po-
silon 10 know tnaL bad time been allowed
to work up redemption, anu that this was
in good train OF accomplishment, yet
am assured that under the PRES
ent purchase and proposed re0rgani-
zition all that was desired under such
scheme 10 redeem will be effected. aud per-
baps more, and superaddcd is the advantage
of settling bv sale many cases OF c0ntro.
yersy which would otherwise have given
almost endltss trouble; for dare say that
10 one who knows, a. the writer docs, the
purpose and responsibility OF the pur-
cbaseIs, and their facilities 10 bring
trade and travel over this road, would
hesitate 10 doubt their success-a sue.
ces, that will dow like great zen
lie stream through the heart Of Virginia,
ON mountain TO sea, and enrch her and
her people. as the Nile enriches its borders,
ard Le at ne distant day "A most important
factor ia our material regeneration. From
the reelaEe Of the court to the control Of a
great combination Of capital, experience,
aud enctsy, this great liue passes IN splen-
did condition, and by
TWE TarE POLICY
adopted Il must attain in the near future
degree oi proc perity OF which lis most
pros porous past will be but Il faint reflex
bat is, IL IL throws off oil the clogs that
have depressed ats .capacIty OF usefulness,
and j. operated in full harmony with toe
pushing ig6gressMeOCss Of the prese1t
demands OF trade and travel. That il will be
bus ran cant OF be lustly DOUBTED, aud is
)opd> and stoGks must under sSicb manage
nent attain high yalHe. Thls company, 1
iOldIng out 40 our people such as
urauces, sh0Sifd Ae met with teeir hearty
upport and goodwill, and that they will
- thus met DO a0L doubt, else ~ would
~ ourselves la t4e wretched calt CORY Of
hSse foolish persOfis VINO encourage not
hose who in good faith aBd with ample
leass are seeking to advance our interests.
ndea1 IL would have good efect II our
eopls in Lynchburg aud all aicng The Zine |
,Ouid w pubic expression advise tA.s
>Daany OF their recipr0eating the kind /,
ore ,siosE and full assurances u bas ex'
uded beH, and so ! h0pc they will do
The u.aite.I recognition Of common
.neDt an,. common Interest. | teel
ME cure ina. b1t small change. II any, will
eur In the cfl,esrs and emplOy6, II this
,mpaDy, which Is composed not OF me She
sndoal Valley railroad, but OF prominent