The times. [volume] (Richmond, Va.) 1890-1903, 1894-02-08

s,,,ars,a advantage for them II Manassas
could no reached by road from h'.n-
mond. but the difficulty was that the W.
,.,ro from Manassas to Baltimore W"S
only half as great AS that from Mahas
cas- 10 Richmond. and, in his opinion !,
would be only too natural 10 see ,"''
freight delivered to Baltimore.
Mir. Hunton pointed out that az prescn.
the people in Virginia were at the m.,ey
OF one road. and IL another competing me
was constructed. the people OF this state
would be benefited. About 1870 shares VI
the stock OF the Richmond. Frederichs-
burg and Potomac stood at 80, Whi'e
M present It was III, but sim he thought
IL was A good time to sell the stock.
Al this 1uncture Major T.. T. ID. Myers
arose in his seat and stated tnat on ms
way to the hotel he had been ihiorhheu
BY a broker that the stock han airea"s
been affected by the mere mentioning Oh
the fact that an application Tor aho'he'
charter had been made.
Major Meyer. Speaks.
Major Myers then made n lengthy state
meat 10 give his side OF the case. lie eA-
planned that he had been with the ROAD
for twenty-five years-Arst as roadmaster
and then as superintendent ana general
superintendent. At first the state owned
only s2T5. 200 worth OF stock in the roan'
but since 1t owned that stock II had re-
ceived In cash dividends $751; and IN
scrip s225.a42. making q total Of S9l3,3z', or
So per cent. interest for the entire Pc
Rod The annual dividend received by the
State from the road was $1,000. or with
the profit OF investment $1,000, or 6.2 per
cent. per annun. of course. duriag all
this time the property OF the road had
been free from state taxes. Tire surplus
OF the road was about $3.50 900. and in that
the State owned its share. This company
had always done it's whole duty. and
even more towards this city. IT was
ready to prorate everywhere and with
everybody. and it's passenger and freight
rates compared favorably with those OF
other roads.
IL the gentlemen who stood behind the
bill wanted 70 build road to Washington.
they should say so; II they only wanted
| TO build 10 Manassas. an amendment
| should be put in the bill so that they
| could not go any further. This road stood
| ready at any time for an investigation
| it had not committed any malpractice.
| and there was nothing that II was not
| ready 10 do for the public; II was pro
| gresslye, and afforded al possible facili-
| ties
| If the Legislature wanted to disregard
| the common stockholders as well as the
| state then there should be G price men
| toned in the bill for which the State
would sell its stock in tho road to the
promoters Of the competing roads.
Major Meyers gave detailed state
ment as TO the financial status Of the
road since 1880 and when asked by Mr.
Pitcher. he stated that he understood
that the Baltimore and Ohio railroad was
in possession Of a charter from this
state as far as Quantico, and that be
had been Informed that the line had
practically been already laid out. II
would not be difficult for that company
by Its right Of building branch lines not
20 exceed twenty miles in length, 10 rea- h
Manassas.
Mir. Nelson, of Frederick, moved 70 re.
port the bill favorably, but Mr.. Richer
who stated that other people desired to
be heard on the measure. moved to pass
the bill by until the next meeting, ard his
motion was carried by n vote OF > 20 1.
MIR. Ryan deciding the tie vote.
ACnp t,r~ rect y oa1
Senate Bill No. Ia was next taken M
which seeks 20 incorporate the South
Mr.. Simon, OF = ,rkl5y. anrss rot before
the committee ard explained that he rep
resented the existing street-ra' Dad com
pany. which had been chartered b. hin
and some friends come four years sgo
The road was Just 0hont t. pay hg, ir'
netted last year 500. Thore tas hoa-
ever, not eurHcie.t tsafil t. make tvS
roads pay, ard he tlHcf3re h-pei taa'
the bill be rejected TIE ret r3ai was
only intended t. hsncft cel ea YEA co.
tate in that section OF IN .fsi-. Ii' ~.
already made arrcnger7 ri fY e,tell
his line for another MIL aaf equiv T.
with electricity.
Mr.. Park H. Poi-ieN or Iron1 iv
owner Of South Norfolk b,ief" -rn,c
favor of the bill. ao1 NE Nn4-
an amendment ~ the '"' .li1 rf
agreed 10. provi'1- t'a' tta n-,. rt
be commenced w't'i one rsar rnl com
pleted within three years
The committee then dsciasd to rapor
the bill fayorativ b. n vote OF g. s.
Mr. Ryan casting TIE decisive vote.