Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-08-18
.W|LL COMPLETE URBANNA
SUBSCRIPTIONS TO-DAY.
Committee on New Railroad Believes
Fund VIII BE Made Up This
Afternoon.
CORPORATIONS TO SUBSCRIBE
Some Of Those Who Will Benefit
Most From Opening OF New Ter
ritory Are Asked to Take Remain
ing UnSiibscribcd Stock.

Providing that favorable replies are
received to-day from several large COR
porations which have had tho matter
under consideration for some time, 1t
was the belief last night among mem
bers of the campaign committee that
the necessary $4,000 for the construc-
ton of the Richmond. RappahannoclS
and Northern Railway, from West
Point TO trhanua, would be raised to-
day. The committee will hold a special
meeting this afternoon at $3.50 o'clock
in the auditorium of the Chamber of
Commerce when final reports will be
made
Members OF the committee have had
the proposition before several large
corporations. which, ii is said, should
oEicaily become stockholders OF tho
road from the benefits they would de-
rive from the increased business. but
no nnal dccisionl has been made by
them. They are expected, however, to
subscribe a large. portion of the re-
naming outstanding stock
At the Inst meeting OF the fund
raising committee reports were made
that more than 1000 i'm stock of the
road had been sold. leaving only $4,000
RIChmond's share of the required $780,
600. Since that time. it was stated
yesterday. probably between $4,000 and
Ss.0c0 of the stock has been sold
Even though no further funds are Sc
cured before this afternoon. the amount
needed will I've very small. and the
practically assured.
NEW ROAD ALMOST A
REALITY, SAYS CARRINGTON
Chairman T. NJ. Darlington, of the
committee, said last night that the
new road was almost reality, but
that the committee had still more
work to do. and many people to see
before its duty would be fulfilled. Mr.
Darlington, during the past few days.
sent out several hundred letters,
asking for subscriptions in 500 and
5000 amounts hoping in this way to
be able TO complete the work OF the
committee this afternoon,
The contractors. Winston & Co, will
start work on the Urbanna line just
as soon as tho 100000 in cash has
been raised. OF this amount $4,000
was pledged in West Point. Urbanna
and along the line of the proposed road.
Terminal facilities have been secured.
end all other ARRANGEMENTS have been
completed. People OF the section
through which the road will operate
are solidly behind the project. and. II
Is said. the proposition from a COM
'rercial view is one OF the best.
y bond viii he given by the con-
tractors. before work is started. guar
anteeinC the completion OF the road.
and subscriptions 20 the stock. now be-
inC secured will not be payable until
this step has been taken. In this way.
MIR. Darlington said. every subscriber
to the stock IS fully protected. The
construction work will he started in
the next few weeks Il was stated
providing the $50. 600 fund is completed
this afternoon. BY starting work on
,he road a. once 1t will be completed
and in operation by next summer. The
statement has been made on numerous
occasions that the operation of such a
road would mean AN increase in bust
ness in Richmond of more than ST.
100000 annually. practically all Of
which now goes to Baltimore