Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1886-12-17
WANT TINE.
AFFAIRS or THE DANvILLEAHD NEW
RIVER RAILROAD.
Interview with Major suthsrlin-what
10 Thinks u the Prospsc"
Of the Road.
.,..,.n,.o,,ns Richmond Dispatch

.,,,x~o.ronsonceo OF the Richmond Dispaton J
DaNvuIE, VA, Dec. III, 1856.
u ms already been published In the DiS-
,,,cb that the DanyiIle and New-kiVer
rs,l,oad l. in default for interest due on us
tond.- and that receiver 81 the road ms
been asked for by the bondho!dcrs.
Vbcn Mr.. John n. Scboolficld was elected
n,ostd,nt OF the road he submitted prppo-
s,tion that n the town Of DinVllc "ouu"
sv,rerd ,ollection Of IT. dividends ana thc
hondbolders would suspend collection o'
b,if their interest-claims Tor term
! of wears the company would agree tna, tue
o,c,nization whould be acceptable W the,c
n.,tios for the fern Of years Indicated. "
uas ,ound tbat tue road could not meet IT.
,r,c,,st.cIsio,s and MIR ScbOolncii resign
cd. Mlior ". r. Sutberlin was th'h e''c',
! "a presidcui. but the bondholdtrs w"u'd
mo-, aorcc 10 allow the road 10 20 on under
his MANAGEMENT unless he would maxi
himself personally rcspnnsiblc io1 th'
iercsi.clalms. panvll'e declined 70 No'e ~
the election. Major >utherlin had acccp"u
tho presidcncy with the ungcf standing W"
his election was unanimous ana inv ne
would not hold himself por>onall! h'oe
Tor the n'eresi.claims.
Tho bril- asking for receiver - no"
pcndirg. and the company VIII a'h Wv
com, IN Give them more time to work out
- ,n,ir rro.eni dificultics. The condition
~ affairs excite. much interest IN ihi' see.
lion os The stock l. held by the town OF
p,nyilie and the counties of Henry and
Patrick. III, ...,,.ti.,
Tho Reqig'cy NJ 10 morrow will publish
n IT,, giiy interview witr Major >uthe lln'
Which contains some interesting r'adint'
The Major built the road, and "a. H. hr'i
nrcsideut. lie says be was appellfd tn 10y
Inc stockholders 81 The counties 20 a'''p
the presidency and try u save thrir ,I''k'
ord that bc consented ~ do so. hofins 4"
he able 10 work the roId ou' ~ ~ cinIf-
r,.surpt.. but that. after communicating
eitb tLc bondhOldcrs. hc found thu 'a'y
oil. .ro unwilling i0 change their p''ry and
Withdraw thur up nctduu SO
r,i,.r lie .ots that hr has moss learned
that In addition 90 the bonded drh' 81
s-Co 600 and Danyillc'- preferred stock 81
seO. 600. upon which the company h'd 20
mi.,d 10 pay q per cent. oui oi lh' "
c,tuings. there j. q floating dent ON Inc
road 81 some $4,000. and that uIlc's Dln.
vile and the counties make some provision
for the uaymrnt ~ the noulnt u'"l
and the interest ou the bonds he Sec pHl
litilc chance 10 save the stock unless lnt
court will grant the road INDULGENCE ~
believes, however. that WITH li'tc lhdul
renee the company can WORK ou', anu
shows that for tie past two years tnc gTo'-
esrpings Of the road were S9O,VOo. NIlle Ile
cxp,nsos oi thr road were c12,uOO ana
So .OO0 rCspoctIycly; and this M spl'' 81 we
Iact that the crops were unusually short, ana
that much Of the crops Of tobacco for the
mas, two wears still remain in the counties
thinks the expenses could he decreased ana
the Lusiness increased under proper man
| ooomcnt. He believe, moreover, that
lie time i not distant when the Dan
vile and Ncw-Hiyor will have I'M
| rortant railroad connections. lie has
| ijule doubt that the Atlantic ana Din.
VILE road viii be- built III short time, ana
!, ASSURED that the Roanoke and southern
| road will be constructed ~ the near iniure.
| both OF which roads would aid materially
| to the bu.ines, Of the Danylle and NM
! River.
Again, he says that he has recently re-
cciyCd information from persons r'pre'eni-
| ing northern and foreign capital maj ,n'y
are determined ~ soon ~ pric5icaht l."
! build railroad from stuart. the W''i'rn
terminus of he Danyi'lc and New-l;i-'r 10
Bristol. Tenn, and has also had I.''
tcrs from capitalists proDosing 70
ru'ld rairoad from tie couniir'
wcst Of WytbcUlle. through Nyihe
co,,pty 20 stuart: that both OF these corn.
r,ni, : are looking 10 the construction OF
= Great through line IRON Norfolk b. the
| N cst and Northwest. lie also h,' lutorma-
! lion that an effort i, making 10 huiid q
| roqd from u.c DauVi3e AMI NcW-iINef
| IA me CapcFcar AID lIdSm.N alley
| road. IN North Carolina. tie refers
10 the disposition Of capital to 'c.@
! investment In the SOUTH, and rcier- To ne
! .r,4tnlucral Woaltam Southwest Nf-inii'
! lie lq~ no doubt, therefore, thi the llul' -
| nc.r when t'i. great rod from Nori'.h u
tlc West viii he butt, ana IA tiat event
| ,bc D,nyillc aud NcW-Riycr must lofm
IrL. lie says. in that great trunk'lih2. IL
feels sure luat thi, will bc one OF the great
81 rol.,< in the country. and thar a'ouS II,
| Inc will ,uirg up numerous "eHl'y
manufacture. towns. among Whl'h p'n
| vile will be thr "iiH">,.'
In Wow al thee iar'> be thinks it highl'
iplrc,tlut that Dluvillc ana the couAllr
should hold ON TO tie Dluvlllr ana N'"
pi,crrogd. ard recommend, that iI'y inlO
AID RAISE the money necessary 10 Nfol ~
tn.Ir interest and slNc ihr road from so.
tee. l,c thinks u Inc Iodu Gus M
hands Of receiver 1t WI DC >',I
by which Dauyiilc would lose II
.i,cL and the road will fall into pand
b,,tll, TO the extension OF the road In an,
direction a. a comrctng line. IT. sN- tl!
nc !, perfectly willing 10 resign as prc~'
d,ri ii the bondhoiJc's can get pre-id IN
ALo " IN sercc to run the road aui ptv In
interest; hit his only object i, 10 ave ~
lo1d ron falling into The hands 81 re
c,iv,r aud bong ,oid. .
lspe.ia telegram TO the Dispatch
pANyulr. Va, December lG. --hcy. Nc
Ergrr. Of Mohilc. VINO has accepted cal q
t.c BIUti>t church in thi, city, viii DE- here
iu Arril.
\ woman Of bad character to-day forge
fire name u q wcitknoWn phy-icitn 10 o
nrocr, and obitiucd goods amounting 1
>3I. She ltit The city ana has not yet Dee
arrested.