The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1915-03-03
BILL EXCEPTIONS
FILED IN DEBT CASE
w. Va. Attorneys Find Six
teen Alleged Errors In
Masters Report.

CHARLESTON, W. Va, March g.
A bill OF exceptions amounting to ST..
327,071.54 in addition to interest has
been filed TO the report OF Special
Master Littletield on the Virginia debt
case. The matter has again been
brought before the Supreme court OF
the United States for final adjudica.
ton.
In arriving at value for stocks,
loans and other assets which Virginia
had on hand January /, 1861, Special
Master Littletield in many Instances
averaged the book value and the diyi.
dend value, thus reducing the total
value OF the stocks held by Virginia
and thereby diminishing West Vir.
ginia's 233a per cent. Of the actual
Value" Of the stocks. The largest ex.
ceptions are In the value OF the stock
OF the Atlantic, Mississippi and Ohio
Railroad company, Manassas Gap Rail.
road company, q. S. Government Loan,
Virginia and Tennessee Railroad loan
and Alexander Loudon and Hamp.
shire Railroad company stock.
The bill OF exceptions was prepared
by Judge John II. Holt, of Hunting
ton, of consul for West Virginia. The
first exception relates to interest,
while the seventeenth is a general ex.
ception, the others being OF specific
stock and loans.
The first exception says:
"l.-DEFENDENTS FIRST EN-
CEPTION tINTEREST.)
Although not finding OF fact but
mere expression of opinion upon
question OF law involved In the cause,
and to the end that silence may not
be treated as awaiyer OF the opposite
view. the State OF West Virginia re.
spectfully excerpts to the following
conclusion and statement OF the Mas:
ter upon the subject of interest, found
at the bottom OF page ten and the top
OF page eleven OF his report, to.wit:
at is my conclusion, therefore that
the liability OF West Virginia for In.
terest begins on that date" (January
4, 1861, "by virtue OF the contract
between her and Virginia, and runs
at the rate provided for in the bonds
that evidence the debt, and make tho
interest an inseparablo part thereof"
The second exception Is to the val.
ues placed by the Special Master on
the stock OF the Richmond, Fredrtcks.
burg and Potomac Railroad company,
causing loss to West Virginia OF
$21 ,063.6S.
The third exception is to tho values
fixed for tho stock OF the Orange and
Alexandria Railroad COMPANY, cn,ls.
ing loss to West Virginia OF $S4,340..
81.
The fourth exception is TO the val.
ues fixed for the stock OF the Rich.
mond and Danville Railroad company.
causing a loss to West Virginia Of
Sl4 $4,000.
Tho fifth exception is to the values
fixed for the stock OF the Richmond
and Petersburg Railroad comapny,
cauoing loss TO West Virginia Of
$6.759.95.
The sixth exception Is to the values
for the stock of the Virginia Central
Railroad company, causing g loss to
West Virginia OF $2l, 1904.
The seventh exception Is to the val
ues fixed for the stock OF Alexandria,
Loudon and Hampshire Railroad com.
pany, causing loss to West Wiz.
ginia OF s21S, 1854.
The eighth exception Is to the white
fixed for the loan made to the Virginin
and Tennessee Railroad company.
causing loss 10 West Virginia OF
S1SS,443.0o.
The ninth exception ia to the val.
ne fixed for the loan made TO tho
Norfolk & Petersburg Railroad com.
pany, causing loss TO West Virginia
of sal, 022.3T.
The tenth exception Is to the value
fixed for loan to the United States
government. causing q loss to West
Virginia OF S227 ,065.69.
The eleventh exception Is TO the
value fixed for stock of the Farmers
Bank Of Virginia, causing loss to
West Virginia OF S11,310.55.
The twelfth exception is to the val.
ne fixed for the stock of the Bank of
virginia, causing a loss to West Vir.
ginia Of $25,1S7.53.
The thirteenth exception is 10 tho
value fixed for the stock OF the Bank
of the Valley, causing a loss to West
Virginia of $5,GS5.S3.
The fourteenth exception is 10 the
value fixed for the stock OF the Elk.
change Bank, causing loss TO West
Virginia Of -$1O,2S7.13.
The fifteenth exception is to the
value fixed for properties sold by the
State Of Virginia to the Atlantic. Mis-.
sissippi and Ohio Railroad company,
causing a loss to West Virginia OF
The sixteenth exception is 10 the
value fixed for the stock Of the Man.
assas Gap Railroad company, causing
a loss to West Virginia Of s494,675. 90.
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