davidaulloa/AmericanStories huggingface dataset:
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

THE NATIONAL EXPRESS CoMPANY's DEBT.
Judge Fitzhugh, ofthe..C hancery Court of Rich
mond, has rendered a decree and delivered an
opinion calculated to startle.a goodmany people
A suit was brought by the executors of the late
Mr.. w. W. Glenn, of Baltimore, against the
National Express and Transportation Compa-
ny, the last meeting of which was held on Oc-
tobar 80, 1866 This company organized after
the war; found subscribers to its stock to the
extent of S4,O0OOO0 Of this subscription only
20 per cent was ever called in, and even that
not fully paid. In September the company got
into difficulties and made an assignment and
deed of trust, it's debts being heavy, probably
over 100000. After many suits by the differ
ent creditors, the object being to reach resi-
dent stockholders, what is called "a creditors
bilP' was filed in Judge Fitzhugh's court
against tie company itself, its president and
directors. The object of this bill was to ascer-
tain the debts of the company and its assets,
consisting of the unpaid subscriptions for
Stock amounting to $3,200000. Judge Fitz-
hugh decides that the company was Virginia
corporation, with its chief office in Richmond,
where also the deed of trust was made and re-
corded and therefore it must be held ameina-
BILE to Virginia law; that its terms Of convey
ance are large enough to convey all the prop
erty Of the company of every description in
Guiding the right to receive subscriptions; and
that the company having failed for fourteen
years to make any call upon the subscriptions
to pay its debts, it was the duty of the court to
make such an assessment as was necessary for
that purpose, and the court accordingly fixed
the assessment at 30 per cent of the subscrip-
tions, and by its decree directed the present
trustee in the deed of trust to make prompt
steps, by suit or otherwise, to collect thus as
sessment from the stockholders. Mr. Glenn,
the trustee, is held in bond for 100000 for the
performance of his duties, and the stockholders
must now prepare TO pay up. The amount OF
assessment will aggregate $1,200,0O0.
Among the stockholders of this company
were Gen. John Echols Col M. G. Hartman,
and perhaps others of Staunton. Gen. Echols
was one of the directors.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24
Call for Convention.

The State Central Committee of the Conserv-
alive party met in Richmond on the 10Th inst,
Maj. A. Koiner, of this county, Chairman, pre-
siding. Among the attendants were Congress
men John Goode and John T. Harris, Of this
State. Most of the members of the committee
made statement of the feeling existing in
their respective localities in regard to the debt
question and other issues that will be involved
in the next canvass. A call was issued for a
State convention, to assemble in Richmond on
August 4th for the nomination of State tick
ct. Prominent members of the committee were
emphatic in their expressions of the weaken
ing of the re-adjusters' cause in many sections
of the State, and great confidence was expressed
in the success of the conservative party in the
contest this fall by proper management Mem
bers of the committee said that the people were
heartily tired of the agitation of the debt
question, and earnestly desire prompt settle
ment of the States financial difficulties.
The call of a convention for SO late date as
the 4th of August, means sly, policy-ten den
CIV programme. There will be no manly, open
avowals on the debt question. The platform
will be shaped to catch the Moffett-Barbour
wing of the Re-adjusters, and probably be re-
1ected in the Barbour bill. If so, they ought
to and in all probability will be driven from
that or defeated, if the Republicans have the
courage and sagacity to do their full duty.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24
"Consols."

The Richmond Dispatch is very dogmatic in
its assumptions, and is generally as impudent
and incorrect as it is dogmatic. Referring to a
statement in a paragraph in the last VIRGINIAN,
it says: considering that there were never
more than twenty millions of consols, and that
now there are less than fourteen millions and
half, instead of twenty three millions, the
above is good joke on the learned lawyer
and profound jurist'"
The Dispatch confines the consols debt to that
funded under the legislation Of 1871. We do
not know what arbitrary usage may prevail
about Richmond in such matters, but we as
sumo that the $S,000000 funded under the leg
slation of 1879 is as much consolidated or
consols debt as that funded under the act of
1871 "Consols" is a term borrowed from
English usage. and is applied to the consolida-
ton or funding of different "annuities." 1t is
applicable to any consolidated debt, and the
bonds issued under the act of 1879 are more
properly..consols debt than those under the act
of 1871, for they represent three classes-viz
the funded bonds the peeler bonds, and the un-
funded debt The bonds of 1879 are consol-
idation of these three classes, while the bonds
issued under the act of 1871 only represent the
original bonds and accumulated interest, with
one-third thrown off So the consols or con-
solidated debt or bonds of 1871, amounting to
about $15,000,000 and the consols of 1879, or
consolidated debt, amounting to $SO0O,0 900,
make about $23OOO,OOO of consols debt.
The Dispatch has no authority but its own
presumption for asserting that there are only
$14,500 900 of consols debt. If the term Con
soils" is applicable to any portion of the debt it
is equally applicable to the consolidated debt
OF 1879, whatever may the usage in the Dispatch
Office
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24
The Re-Fundiug Bill.

The Senate has passed the House Refund
ing Bill, with few immaterial amend
ments. 1t provides for the issuing OF
$500, 200, 900 of 8 per cent. bonds, redeema-
BILE at the option of the government in five
years and payable in twenty years, and
$500, 100000 of 3 per cent. bonds, re-
deemable after one year at the option
of the government, and payable in ten
years. The further provision is made
that the banks must deposit these three
per cents as security for their circulation
instead of the d and 5 per cents. now used.
This bill as it passed the Senate was sup
ported by Democrats, with the exception
of four Republicans from the West and
South, and opposed by the Republicans
alone. 1t is estimated by treasury officials
that per cent. bond cannot be negotiated
at par, and that failing, it will entail upon
the government cost in interest on the 5s
and IS to be called in, of about $1,000, 900
per month. There are over 500, 00O, 900 IS
and IS now about due, and interest will not
cease upon them until the Treasury is in a
condition to call them in, and if preferred
by the holders, redeem them, or refund
in the per cents. The banks, it is stated !.
will withdraw their circulation, in a large
degree, which will very seriously affect the
volume of currency and cause dangerous
contraction. The preponderance of opin-
ion in financial circles is that the bill is a
botch, and its substantial operation will be
to postpone the re-funding of the public
debt. 1t was supported as Democratic
measure in both branches of Congress and
all the disadvantages arising from it will be
properly chargeable to the Democratic par
ty. The Secretary of the Treasury and q
vast majority of the financial magnates of
the country favored 81 per cent. bond,
which it was believed could have been sue
cessfully placed, and the Treasury enabled
to at once give the necessary notification
for the redemption of the and per cent.
bonds outstanding. The assault upon the
national banks, too, in compelling them to
exchange their Al and per cent for per cent
bonds, deposited to secure their circulation
is regarded as very unwise, and may have
the effect to drive many OF them out of OPP
Grafton, to be succeeded by State banks
and flood of wild cat currency. 1t is very
unfortunate, that now when the business
of the country is getting along so safely,
confidence so well established, that dan
gerous experiment is to be resorted to-,
threatening our entire financial system
But this is what might be expected from
Democratic craftsmanship especially on the
finance question.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

NJ
Death-James Patterson died at his residence last
Thursday. Few men ever possessed more of those
attributes which ennoble humanity. He was always
the same man with the same whole soul and great
heart. Gentle kindness and boundless charity were
motives which guided him through life. With all
classes of people he deservedly and universally
popular. At Mt. Horeb Church, on the occasion of
the obsequies colored man said, sSir, he was the
best friend ever had" year ago had the pleas
ure of spending several weeks with Mr.. Patterson
and his interesting family, and more
genuine hospitality extended to VISITORS nor in any
home more earnest expression of regard and love
manifested as between the father, the mother and
the children In their sad bereavement these last
the sincere coincidence of all the people. They
will remember, too the inestimable inheritance left
them-the proud name of an honest man.
Hems-AIr. J. Wesley Newman had his shoulder
dislocated some days since-sufered intense pain,
but having had the joint sset is fast on the mend
The festival at New Hope,as you were kind enough
to predict, was success.
If indefatigabity be the sine qua will soon
have church bell on Round Hill-thanks to Mr.. o
Rhinehart.
His many friends will hear with regret of the Sc
rious indispostion of Rev. Martin CARRIER.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

1t is announced that r. W. Burke, Esq,
Chairman Of the City Finance Committee, has
negotiated the sale of $4,000 of six per cent.
city bonds, in Baltimore at 1921. This is much
better than the transactions in the water-works
Sper cent. bonds few years ago, through the
Hambletons. But it seems to us, Mr.. Burke,
in his position of Chairman of the Finance
Committee, and as Vice President OF the Ma
tional Valley Bank, might have done better,
inasmuch as government 4 per cents. are at a
premium and Congress has just passed bill
fixing the rate of government loans at per
cent. Staunton has paid the interest on her
bonds promptly, and while Chicago has put
out $4,000 per cents at pal, and the Penn
sylvania Central road negotiated an immense
amount of its 4 per cent securities at par, we
think it entirely possible that 4 per cent
Staunton bond could have been sold at par,
or premium greater on the per cents.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

Hons Jos. Jorgenson and j. F. Dezen-
dorf, the two Republican members of Con-
gress from Virginia, have gone to Mentor
to consult with Gen. Garfield on Virginia
affairs, at the request of the President-elect,
as we see it announced.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

Virginia consol, last week were very ac-
tive-the per cents. selling for 49, and the
lO-40s-those bearing 3, A and 5 per cent,
under the act OF 1879, "a -349. At the prices
quoted per cents. pay about 60 on the
investment.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

Miss May Ball, daughter of Col. NJ. D.
Ball, Collector of Customs at Sitka, Alas
ka. was married recently to an officer Of the
U. S. Ship jamestown, now lying at that
mort
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

The result o. the municipal election in Phil
adelphia last week was the defeat of the Rings
and the success of the Peoples candidate, sup
ported by both Republicans and Democrats.
The Mayor elect is a Democrat, and the other
most important offices are filled by Republi-
cans. The defeated candidate is the present
Mayor, MrStokley, Republican, who, although
admitted to be man of integrity, had been
ruled by the corrupt rings of the city in the in
terest of both Republican and Democratic fol-
lowers
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

]. BELL BIGGER, Secretary.

Mr. Parsons, of the Richmond and Allegha
ny Railroad, was in Highland county, Va.
last week, examining for the most practicable
route from Clifton Forge to Pittsburg, Pa
Experimental surveys will be made as soon as
the winter opens up.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

1t is said the new purchasers of the Atlantic
Mississippi and Ohio railroad have determin-
ed to change its name to theNorfolk andWest-
ern railroad.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

Rev. J. G. Whitley, of West Virginia Con-
ference M. E. Church South, has been chosen
chaplain of the University of Virginia for two
years from October 1.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

The deadlock in the Pennsylvania Legisla-
ture over the election of a United States
Senator, was broken on the thirty fifth ballot
by the election of John ]. MITCHELL of Tloga
county, a Republican of the stalwart make
Both factions of the party supported him.
Mr. Mitchell will have served two terms in
Congress, at the close of the present session.
His election seemed to give satisfaction all
around, and the bitter antagonists in the
party, have been reconciled in that State.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

CARPETS, OIL CLOTHS, RUGS, MATS, &c.,
ever offered in this section, and at prices to which
none can object. We sell carpets from 35 cents
to 81 90 per yard.
RED SOLE LEATHER direct from the tannertes
no middle profit IL. We give the purchaser all
advantages of our facilities for purchasing Good
Red Leather at from "a to 26 cents. ~
Merchants of staunton and Augusta county win
find it to their advantage to examine our stock and
prices before sending North. trial Will convince
above lines at lower figures than can be boneht In
the Northern cities or IN the State Our poods are
all marked In plain figures, and from these fgur.
we do not vary. You can walk through and examines
our stock and see prices without being told.
febM Harri Is ,ba,,.,. =.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

II is announced that the Richmond and Al
leghany road will be completed throughout its
entireGength from Richmond to Williamson,
.hy th6 4th of July,
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

Mr.. Julius Williamson, Philadelphia
salesman, died in Huntington. w. va, last
week of smallpox.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24
NEW ADvERTEsEMENTs.
GENERAL RECEIVERS NOTICE.

U
lam ready to disburse in the case of EDISON VS..
NICHE j. FRED. EFFINGER,
feb 2f-t General Receiver.
yENO OWNERS OF FARMS.
We have purchasers for several small well i'm
proved farms containing from 70 to 125 acres near
the city. Owners desiring to sell and meaning
sbusiness will please address at once
ELDER Y NELSON,
Real Estate Agents,
feb 2i-t Staunton, Va.
NOTICE.-Mr. NORTH WITT, having been admitted
IN partner in the firm of (. Witt Bro, 1t
is absolutely necessary that the books of the old
concern be closed. Persons knowing themselves In
deyted will please come forward and settle, as we
ar4 anxious to have the old business wound up.
Respectfully,
Seb 24-sm /. WITT & BRO.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

Mr.. Isaac Bassett, second door-keeper ofthe
United States Senate, has selected seat for
General Malone on the Republican side.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

w. A. BEARD. j. W. BARRETT.
NEW MACHINE SHOPS.
BEARD 4 BARRETT,
MACHINISTS AND BOILER MAKERS,
STAUNTON, VA.
Having fitted up the shops recently occupied by
Lynn Eyler, opposite Milers Coal Yard, foot OF
Lewis Street, we now prepared to undertake and
promptly execute all work in our line
AGRICULTURAL MACHINES OF EVERY KIND, EN-
GINES, BOILERS, sc. REPAIRED
short notice and in the most workmanike manner.
Being practical machinists and thoroughly &C.
quainted with the business in all its branches, we
confident that satisfaction will be given to those
who favor with their patronage.
Our prices are the lowest for cash, and we guaran-
tee all work. All ask Is trial.
Respectfully,
feb 24-6m BEARD & BARRETT.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

Judge Hughes went on to say much more
on the Virginia situation, which was interest
ing and important, but the points have given
show the force of his argument and the
strength of the position he takes against, as
he himself expresses it, ian effort to shut the
door of the Republican party in the face of
Gen. Malone"
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24
Wholesale and retail
BOOT, SHOE, HARNESS AND CARPET
STORE

We have opened in Harrisonburg, Va, In our ele-
CANT store room opposite the Spotswood HOTEL what
has long been needed to save expenses to Country
Merchants in going to Baltimore for the purchase Of
such goods offer them. By selling our leather
to boot shoe and harness makers in the Cities we.
have recently been enabled to obtain the agency of
manufacturers for the sale OF their goods, so to-
sell them as low as city Jobbers.
We offer these goods to parties desiring to sell
them at low prices, and to those wishing them for
their own consumption or use at prices much lower
than they can be bought anywhere in the Valley
Our stock is large and complete, consisting OF
BOOTS, SHOES, HATS, LEATHER OF
ALL KINDS,
Shoe Findings, Harness in all its branches,
Collars, Whips, Horse Blankets, Lap
Robes, Trunks, Satchels, &c.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

The new purchasers of the Atlantic, Missis-
sippi and Ohio railroad have already ordered
5000 tons of steel rails, to be used in inn
proving the road as soon as the sale is con-
firmed.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24
SHANNON
SHANNON,
THE BOY ORATOR,
AT THE OPERA HOUSE,
Friday Eoensaag, Feb. 25M.

This extraordinary and wonderful boy has during
his recent engagements at the Great Exhibition,
Philadelphia, and in New York, Boston, Richmond,
va and other cities, excited the greatest admira-
tion curiosity and interest He has been pronoune-
ed by leading journals of those cities 'Paragon
without precedent
EE Admission so cents; Children and Gallery 10
cents. Reserved seats now be had at OLIVIER
without extra charge feb A-1t
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24
NEW ADVERTISEMENTS.
pLANK BOOKS

pLANK BOOKS
AND
MEMORANDUM BOOKS,
In great variety, at
HUNTER CO., Booksellers,
feb a Staunton, Va.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24
New Hope Items,

Wild geese are going North, good sign of
winters breaking up.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24
BOOTS, SHOES, HATS, LEATHER OF
CARPETS, OIL CLOTHS, RUGS, MATS, &c.

On the second floor of our establishment we have the
largest assortment OF
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

PRICES FOR THIS OCCASION:
Reserved Seats rs Cts; General Admission, 81 Cts;
Gallery 35 Cts.
Reserved Seats sale at Ol1Y1ers BOOK Store.
feb 24-1t
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-02-24

TANNERS OIL A SPECIALITY.
Litchfield enquirer., 1881-02-17

1 covered and made to suffer the fnll penalty of the law We hope the heavy hand of the law | will be laid on this evil doer before this is publisbed., ~ T meeting 1.-the church, Sunday night. E. H.. Beardsley. H. Lancashire and M. Upson dis cnssed Dr. Howard Crosby's recent lecture at Boston entitled. ''A calm view of temper ance" A little truth now and then is not rel lshed by most men. P. D. | .zCZFsw.Mafordi:o Chasles Lewis and Santa Tallman, both colored, took too liberal allowance of 'tan- glefoot," recently. and when officer Planz at- tempted to quiet aheRi., they assaulted him. They were arrested and brought before J. $. Turrill, pleaded guilty and were fined one dollar and costs.
 Last fall, James E. Wells went to Ten- nessee to visit his son who resides there. Be- ing pleased with the climate and situation, he has declded to reinain there permanently. HIS So''-'"-'""' SiHYyFf 2 2 4lso AIS 'o move there soon.
 Three evll-disposed boys. part.king more of deviltry than good. threw quantity of cay enne pepper on the. stove in tli. Baptist church in Worldwide, last SaliTisy might. causing the choir and preacher to postpone further opera tions until later date. Two of the boys dis appeared that night and have not since been iieasfi sed,nS 'T9V v tT AtI
 Miss Louisa IIi1e, living on Candlewood mountain, accidently si;nt her fathers finger ih d door. one day fast week, sevoring 1t from his hand. ,siatgL
 The Agricultural Association met at the Town Hal, last Moniay. and elected for the ensuing year the following directors: w. D. yRaek,<tEp+ H,rls. Il. 0. Warmer, F. J. Fur Till, W. E. Bostwick. Noble Bennitt N. Siaub, George ". Squire. Samuel Thornhill, Burr Mallett. If. L. Wanz.r, Turney Soule and C. x. Hall Afterwards the directors SC. selected tLe following officers President, W. D. Black Vice President. J. l.. Buck; Sec re,ary, Robert E:win; Treasurer, Charles Randall.
 Owing !ptso Li. casatliyi t0 the Shepaug Railroad the milk frin Washington and Rox- bury Was ghi f., this station for shipment. Sunday.
 -14iinsday night fife icr in he river broke ur but did not pass out till Saturday alter F was feared h.cr Dfidscs wouis. Dc carried away, but the fears were not realized as the water Was not higL enough to reach them
 Geo. E. Emm"ns arrived home last We'd nesiay, from an extended trip in eastern Con- necticut and Massachusetts He enters into partnership with Benjamin Treat, the first of March.
 -FSarrrhy frenpoftas a niai from Dover was bringing load of tobacco to this town, while driving across the railroad at Boardman's bridge. his sl Il became fastened lo the cross ing and could n'i he. inoved. A person living near by advised the owner to flag the freight train, then nearly due. No hced was taken of this advice, and sonn the train was seen coming around a curve few rods of. The mas haf j1sk tlmes~enough to %unliitcll lis horses from the sled bef ,rc the engine struck it. The sled and tLe tobacco were a com. plete loss. No datuage was done to tine en- zine. OK.
 ----- "A ~srz-
Litchfield enquirer., 1881-02-17
Deaths.

[, In this town. Feb. 18th, Miss Melinda Moul- throp. aged 72 years
 In West Morris, Feb. 18th, John Thompson, aged 7e vears. .assoh sa1 Yd'I3fi
 At Roxbury, Jan. 18th. Herman Frisbie, aged 30.
 At Rea bury, Jan 23d, Edith only Child of Mr. and Mrs. Francis A. Squires, aged 10 years.
 At Rsxsdry, sFsb. a, I Minerva Warner, aged 82 r At Roxbury. Feb. Sd, Dora, wife sof Chasaes sBqdires aged s6s, leaving an infant two weeks old.
 At Roxbury, Feb. 9th, Burr Keeler; aged 6S years.
 At Roxbury, Feb 9th, after long and painful illness, John T. Bronson, aged 70
Litchfield enquirer., 1881-02-17

TRUST IT EVERY TME--A grateful patient, ,he sS Dr. baa I HgaasGGs KennedY Q, Of Rondout. N. Y.: 'Your medicine recom- lnendeds itself so thoroughly that you may hardly care for statement from me, yet from any own experience of it's excellence, and from what know 4ofis sppetaueu Iin tther cases, should like voluntarily to say that 'Kennedy's Favorite Remedy deserves it's hihh reputation. The public may trust-it ev- cry time to do what you clam for It." Sold by aaldEnggistsa Dr. Bavld Kennedy. Pro. prietor, Rondout, N. Y.
Litchfield enquirer., 1881-02-17
Clubbing Rates.

xs essnas subscribers ws offer the following peri sis.i. wtrs tns Kns uirsr at the folle wing yearly