The times. [volume] (Richmond, Va.) 1890-1903, 1894-06-02
VA. AND CAROLINA SOLD
rKrRnsBURo COUNCIL accepts or
FER or NORTHERN CAPfTALIsry
Gen. W. q. Dacsy and james MeCrsed;. Of
New York, Among the Purchasers.
Conditions of the sa G.

PETERSBURG. VA. June Especial
The Common Council at It's meeting to-
night. after much discussion, voted TO
accept the proposition OF the New iorA
and Philadelphia parties. offered at the
last meeting OF The Council, by their
counsel. Mr.. Richard -. Davis. for the
purchase OF the Virginia and Carolina
railroad. The proposition, In brief. is
that the inspection OF the road Is TO be
completed within forty days from the
date Of the acceptance OF the proposition.
II the work already done. as represented.
the purchasers are 10. within sixty days
from this date, execute a contract for
the purchase OF the rights and interests
OF the city for the sum OF Sloo.Oyo Of
the first mortgage bonds Of the company
proposed 20 be formed. upon n basis OF
not more than $20,oOO per mile to be
secured by deed of trust upon the prop
erty. franchises. and rights Of the com
pany and $4,000 OF the capital stock OF
the said company fully paid up. and 10
agree 10 commence the building OF the
road south from the city OF Petersburg
within thirty days after the making Of
the contract, and TO complete II on or
before the 3ist day Of December. 1885
THE pErosTT TO DE MADE.
The purchasers are to deposit in one
Of the banks OF the city the sum of $25.oU
in good securities, at their cash value.
70 be approved by the Common Council
of the city. and II the road is not com
pleted In the time specified, the said Sc
curities are TO be forfeited and paid over
to the city of Petersburg for failure TO
perform the contract.
The road. with its connections, VIII
run from Baltimore TO North Carolina.
THE PURCHASERS.
Ap,0nr r,urCboeare arc General w.
G. Dacey, and MIR. James III. Mccreedy,
OF New York. both Of whom were present
at the meeting OF the Council tonight.
Y. ~. c. A JrEIEE.
A week ago tomorrow the contract for
the grading and masonry for the Bclt
Line, TO be built around Petersburg for
the Atlantic Coast Line, was awarded TO
Messrs. Lane Bros. & Co., Of Scottsvlle.
Va. To-day this firm sub-let the contract
for the trestling 10 Messrs. Watkins Il
Hardaway. of Birmingham. Ala, and the
grading to Mr.. John Kelly. of Lynch
burg. The work will be begun about the
first OF next week and Will give employ
ment TO some three hundred or four nun
dred laborers.
Mr.. Lane told me to-day that he thought
the work would be completed by the ist
Of December next. This belt line. as
before stated In these dispatches, VIII
begin at point short distance from
Swift creek on the Elehmond ana Peters
siding. half a mile South of the corporate
limits The road will cross the Appomat-
tox river near the dam, In the vicinity
OF the locks
The public schools of Petersburg viii
close on the 18th instant.
CONTRACT SUB LET.
On the 18th of this month the jubilee
services OF the Young Mems Christian
Association will be held at st. Pauis Epis-
copal church. Addresses viii be made by
Rev. John Rtdout. subject, THE Rsla-
lions of the Young Mems Christian Asso-
citation to the Churches: Rev. j. w.
Rosebro. ID. D.. subject. THE Past His
tory of the Association; Rev. II. w Bat
tie. ID. D., subject, The Present Work OF
the Association; Rev. w. u. Starr, ID. d.,
subject, zine Future Of the Association
This is the fftieth anniversary OF the
founding OF the Young Mems Christian
Association, and these services are being
held throughout the world
ire expenditures of the city for the
month OF May were .6el.eS: receipts,
$40 54.59. tines amounting - %9ll were
collected in the Mayors Court during
the month.