Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-08-25
CONNECTION TRACK.
pETrrIoS FOR ONE BETWEEN THE Q. q
o. AEDR. & a. ROADS.
Referred to the Committees on Streets and
Light-Interesting Points About
tho Lease.


Gil was held in the Council chamber at
7:30 o'clock last night. Present Messrs.
Campbell (presidenD, Anderson, Bode-
ker, Bowden, Brauer, z. r. Carter, j.
w. Carter, Christian. Ferriter, Hayes,
Higgins, Joynes, Mann, Steel, Stratton,
J. w. White, Royal White, and Wing
field.
The clerk read the call Of the meeting
and the following petition, which ex-
planned its object.
CONNECTION TRACK.
The following was produced by Clerk
August
10 0te Honorable City Council Of the
CITY QfRichmond
Your petitioner, the Richmond and
Allegheny railroad, respectfully asks per-
MISSION of your honorable body to occu-
py with track portion OF the width of
Williamsburg avenue for short distance
at the gas-works, the railroad providing
the city with an equivalent width for the
avenue in lieu of the space 30 taken.
Permission is also desired to encroach
on two corners of the gas-works 10 ena-
bic the said track TO be located in prac-
ticable curve, all alterations at our ex-
pense.
A map OF tho line ia herewith sub
mitted showing encroachments on the
street and gas works property.
The object is 10 make connection
with the Chesapeake and Ohio railway,
by means of which the Richmond and
Allegheny can obtain a new considerable
business which it is otherwise cut off
from. Yours respectfully.
DECATUR AxTELL, Receiver.
REFERRED.
On motion of Mr. Bodeker the peti-
tion was referred TO the Committees on
Streets and Light. Adjourned at 7:34
O'Clock.
The Committees on Streets and Light
will meet in joint session in the City En-
gineers Office this evening at half-past7 z
to consider the petition.
PRESIDENT INGALLS,.
Mr.. NJ. e. ingalls,, president Of the
Chesapeake and Ohio, is expected in the
city next Monday. The specific object
of his visit has not yet been given cut,
but it is pretty generally believed that it
will have something TO do with post
poning the appointmentof of successor to
General Wickham as receiver of the
Chesapeake and Ohio and with
the consummation OF the lease
by this company of the Rich
mond and Allegheny road. The ap-
pointment of receiver was, soon after
the return from Europe of President In
gals, postponed until the 1st of Septem-
Der. and, as stated in this paper on
Thursday, it is rumored that when that
time arrives the appointment will be
postponed indefinitely, and it is further
understood that the object in doing this
is to get the affairs of the road in such
condition that the property can be taken
out Of the hands of the Court.
THE LEASE.
The presentation OF the above paper
to the Council shows that it is contem-
plated to bring the two systems into
direct connection at this point, and
thereby to unity their interests. The
statement several times made in this
paper that operations under the lease
would begin about the 1st OF Septem-
Der was fully borne out by the circular
of Drexel, Morgan & Co., published
Thursday, in which the full details OF
the agreement of the Reorganization
Committees of the two roads were given.
Whether all the stockholders will ratify
the action of the Reorganization Com
mittees or not remains to be seen, but
the general belief is that there Will be
very little trouble on this score.
CAN IT BE DONE?
1t has been rumored that both OF these
properties Will be taken out Of the courts
by the 1st of October, but in the minds
of many there exists q very strong doubt
whether the deal can be consummated i'll
so short fine as this; in fact, many we'll
informed railroad men declare thatit
cannot be done. In the first place, boths
roads will have TO be taken ont OF the
courts. 1t is also claimed that the roads
will have to be sold before the reorgani-
zation can take place. The City Circult
Court does not meet in regular session
again until the third Monday in OctO-
Der, and should decree for the sale Of
the Richmond and Allegheny then be
entered without opposition it is claimed
that the sale would have to be advertised
for three months. 1t is also claimed
that il any of the stock or first mort
gage bondholders shall fight the sale
and reorganization it will cause delay,
certainly for several months and posi-
bly, kill the scheme. Whether there will
be a fight does not seem to be known.
Whether there will or will not be, steps
are certainly being taken looking to
putting the lease into effect in the very
near future.