Evening star., 1886-09-29
THE AQUEDUCT BRIDGE.
The Bridge Company Makes . Proposi.
ton to the Canal Company.

ACTING SECRETARY FAIRcHILDs' LETTER TO
TIE CANAL coMPANY-A sKTTLEMKNr OF
THE NATTER EXPECTED SOON.
Ihe Acting Secretary OF the Treasury, at the
request OF Solicitor McCue, made formal de-
Maho upon the directors OF the Alexandria
Lamar company TO call a meeting Of the stock
noloers 30 as to get a vote upon the question Of
turning the Aqueduct bridge over to the gov
ernment simultaneously with the writing Of
letter by the Secretsry asking for such q
meeting, which was mentioned in THE STAR
uay or TWO ago. the directors met and decided
oy Sote OF iour TO one not to call any meeting
OIL the stockholders. This decision was not in
response to the letter from the Secretaryssf the
treasury, but on account of a request made by
the iessees Of the Aqueduct bridge, who holo
no stock and have no right to demand meet
ing.
The government, however, holds q large
amount Of stock and can insist upon the meet
!ng SO as TO have a vote Of the stockholders.
the % rovsrn vsEsors refuse to call snen laeetng
ana compel them to come TO terms. Nearly all
the STOCK Is held by the government and the
state OF Virginia, so that combined they would
nave controlling VOTE Consequently no
great dimculty is anticipated, unless it be
little ANNOYANCE and delay ii the law has to be
resorted 70 TO compel the directors to call the
stockholders together.
A PROPOSITION FROM MR.. WELLS.
Gen. II. H.Wells had an interview with Presi-
dent Wheat, of the Alexandria Canal Co., this
morning, and delivered to him the acting Sec
retary Of the Treasury's note, touching called
the amended charter, with 80 days notice.
Gen. w ellis also. On behalf of the Alexandria
Oanal Lamar end Bridge company, submitted pro-
lows: On the 18th of June last the Alexandria
Canal, Railroad and Bridge company requested
tnat you would call general meeting OF the
nfS hn
OF deciding upon the question OF whether or
not they would accept the provisions OF the
Date a @h,c, ,oy Congress prSsr ,n to mat
II. 1885, TO secure the piers of the Alexandria
Canal company for the purposes OF free
oiig oiriage, ana that application having oeen de de.
cilned on The ground, as we understood 1t, that
IL was not expedient to cali that meeting, we
submitted 10 YOU similar request on the 2sd
phone that it also has been declined; and,
although we are unadvised OF the terms of the
reiusai or the reasons therefor, this company now
ma MAKES 70 your company the following proposals:
The provisions OF the act of Congress referred to
shall be accepted by both companies. deed
substantially In the same form as the one here
tOfore executed, under act oil 1881, shall be ex-
ecuted by both companies, and deliver In con-
fOrmity with the act OF 1856.
The proceeds OF the sale to the United States
under the deed SO to be executed and delivered,
shall remain in the Treasury OF the United
States until the conflicting claims thereto, II
any, are settled.
Ii the two companies cannot within 80 days
agree between themselves as to what dispoSi-
tion shall be made OF said proceeds, then the
mined by the award and decision of three arbi-
traitors, competent and disinterested men, one
TO be chosen by each OF the two companies, and
the two SO chosen TO select the third, the award
OF two to be final. We respectfully request a
speedy reply to the foregoing proposal, and hope
that 1t may meet your approval"
member of the bridge company stated to
day that he believed the matter would soon De
arranged SO that the property could be trans
1erred to the government. An answer to the
bridge company's proposal is expected this
week.