The times. [volume] (Richmond, Va.) 1890-1903, 1901-02-12
PRICE TWO CENTS.

should be developments which sholiiu
make it impracticable. In my REMARKS
before the legislative committees sase
winter l distinctly stated that we Wouiu
build this road unless one or two Things
should happen:
First-ITnIess the general financial con-
ditions should be such as to make It I'M
possible to raise the funds necessary 10
build the road.
Second-Unless there should be formed
some combination among the roads run
ming north from Washington as would
make it impossible for the Seaboard <Nr
Line Railway in the event that 1t should
build this line from Richmond TO Wash
ington, to establish through connections
at Washington with the roads entering
there for the transportation OF freiSht
and passengers which might be brought
to Washington by the SeaboStrd AIR Line
OF course, if the great trunk lines restGif-
ing down to Washington should inform
us that they would not give us through
connections for our north-bound cars, nor
deliver freight to us south-bound III
through car service, it would be idle tor
MS TO spend several millions of dollars IN
building north from Richmond Ihese
points were made very clear at the uiiie
of the Richmond and Washington hsht,
and my position in the matter was. oe-
lievc, well understood
and Washington charter close. fntiInat"
relationship has been established oe-
tween the two great railroad systems at
Washington, over whose lines our north
bound trains both freight and passenger.
from Washington must pass. and we nave
been advised by the railroad companies
in connection with whom we proposed 10
build the Richmond and Washington
road. that they are not now IN posist1it
TO join us in the construction OF this
line Furthermore. it has been intlmatSo
to us that if we should build the Rieh-
moutl-Washington line at our own eN-
nense and on our own responsibility the
railroads running north from Washihstoii
would be unwilling TO extend to US the
facilities which we are now enjoying
INTEREST IN THE r.. F. F.
On the other hand. q plan has been
considered and approved by us Tor tue
purchase of the Washington Southern
Railway, extending from the south END OF
Long Bridge to Quantico. and also Tor
the purchase of Il controlling interest III
the Richmond Fredericksburg and Poto-
mac Railroad by the Seaboard Air Line
Railway and certain roads associated
with it, for their joint ownership and
operation, by which the Seahoard AIR
Line Railway and the roads associated
with it will have precisely the same
rights. privileges and advantages over the
line from Richmond to Washington
without discrimination.
This plan has. under the circumstances.
commended itself strongly to us, and we
have arranged to carry it out We be-
lievc this to be best for all concerned
Under this arrangement both the Balti-
more and Ohio Railroad and the Pennsyl-
vania Railroad Will have the right to run
freight ard passenger trains into the city
of Richmond thus making Richmond the
southern terminus of these two great
trunk lines.
Under these circumstances the stock OF
The Richmond, Fredericksburg and Poto-
mac Railroad may become more valuable
than it has been under the old order OF
things.
At the time that the charter was grant
ed TO us to build the Richmond-WashinS
ton line. Richmond, fredericksburg an!
Potomac stock was quoted on the marise t
at about 80 It is now quoted materially
higher.
WOULD LIKE To BUY.
Personally. should be glad to exerc s
| the. right which it seems we now have OF
paving for and purchasing from the State
| her stock in the Richmond. F,f=daficSs-
| burg and Potomac Railroad. for whlcr
| bids are to be received on the 18th m
| slant and which must be sgd for sz3
| per share if no larger bid for the entirS
| amount is received. and regard this
privilege as a valuable one.
On the other hand, my associates an,