Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-10-09
General bIahone's Connection WIN u"
Norfolk and Western Raj r"""'

To nc L'iiior ofme Dispf'ut' NIL
noner lately issued entitled Dfa l
Coiumnies Against General malone' n ~
buuod Again by Democratic hych''' 49,
Buried Once More" say9:
"Tho old aid ofiTcfat2d SANDER Go nsa' ~ Or
,rar,o,,,f, chrntcG tho fiate obi oi t1'O 49,
IN connection with the consolidaIon q, llo ~ 49,,
of retlroat between NorlOiA h'H 49, -
80 liant. gississippi mud ONO y Nh"lH -
Wv = Thia siander r. very rhangrahlo
, a. lee sI'are sornotimes IL aver. ma. ''li.'.'s
Malone got from tho state yg'1.,.,., no
sfo,k OF In roads mat Wcfo conao'''" ~ its
no suanti. Mississippi and Ohi" abp -. . 49,,
,.i,sttbor, Without paying anything 10y u.,n
,hsn tlat ho converted 90 h. OWL use 800, "a ~
mo bonds Of the Atlantic. Mi-,h,,pt a." 80 49,,
fhath been set htnrI 10 '''.-.l' 80, no i~ rr,,.
land Gap extension. and again tnht ~ ~.
,criv rnaa. away with s4.0JhD OF VA ln",.,
raised upol The Atlantic Mis5ia7'pP' ""'
bonds sold By tho company
Now no such charge or charges hayo
bcen made But the charge bao DH'n i'la''.
that ont of a transaction goverheu y. 20
rial Malone. in which the SiA.r TO- '1-.'I
900 900. hc made not less than ~ 'OOV, az.
thn following is the account on that MAJ ~.
80 ,.i,.rn in n panphlet issued by the stale
Central Committee entitled, ~ ..',I
iic Facts i'm the Business and tollilcAl
Career of General William Malone r
&" lie procured the passage oi me acI -,
June II. 1870. consolidating nc three rQau,
that constituted the Atlantic, MISS s., siPV'
and Ohin--aud now the Norfolk ana west
ern railr0ad-and one of the tIsl liIIn17
he did on the organization OF the roau wa
TO elect himself president tor hye JeHi' "'
q salary Of $4,000 per annum'
THAT act authorized him 10 exchange
the railroads debt 20 the State OF -6,3H,-
f3O.3j-S1 .ssi .695 ~ secured By mortgage
! Tor 81 MORTGAGE Of - 900. 900. which vas 10
/ be postpoucd TO a first mortgage OF SD
OOO 600. and m me old Of I'm JuS 70 Do P!N
I in dri5ets That favor WAS granted on inc
condition that a fourth railroad me tuIH-
| berand Gap. about one hundred Hill'S
/ long should bo completed 10 It's Juhcti,on
with tine Atlantic. Mississippi an" ONO
within SIX wears. In consideration 'i tL'N
condition the stockholders Of the i"nr
ORIGINAL companies exchanged theii 5naIes
/ for .barc- IN the consolidated line; ana IN
consideration Of the whole arrangement
rnoue,, was lentunder deed Of trust when
pledged the entire line of about hVe nun
bred and twenty miles. IN his hr-i amman
report, January, 1872. General 5iHA"h'
promised 20 complete the road lh DeceiH-
Der. 1874. two years ahcnd OF tlmc; III no
second he makes excuses for not having
commenced the work: in his third ne
dOlgrs the question. ard bcwailS the hafd-
ness Of the times: and by the time ~ nls
fourth report inc had got passed ioih'
resolution of the Legislature (Apili ~,
1874 directing tho company not 20 puma
the Cumberland Gap road, and uthorllhg
him to apply the fund set aside for tH"t
purpose TO other purposes. mat tulo was
600 thoneand-dollarb bonds. Us agreed upon
in % contract with John Colllu-on. ana an
nouucod Dr. him iu prospectus ddtri Sun
February 1919. putting ttis loan o. tbe MAJ
Eet The resolution authorizing the DIVER