The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-03-18
RICHn0ND-ASHLANO

tcontinued from Page one)
In the project teaksss
81 Morgan Shepherd, mayor OF
A1hiand. presided. Talks were made
~ Oliver J. Sands, president OF the
American National bank, of this city:
Nr. Baird, superintendent OF the Pc
4 f0robUrg, Hopewell and City Point
\ 4tp4RA car line, which were built and
I 411o4oafully operated by Vaughan az
Co.r-AAby James Lewis Anderson, 2.
pnOminent attorney of Richmond. and
Amber of the board of directors
Qe@ASo GermitaSe club: the Hon.
W&&4 Beattie a member OF the house
&E6&4egates from Hcnrico county, and
2kH#Long, of Richmond and Green
Mr.. Sands outlined the financial
MN, and very earnestly recommend
NM 4Ao proposition AZ one that ap-
1oAleds to his sound business iudg-
Mo1A. 1t looked to him. he said. as
Though the road might be bought.
properly equipped and operated at a
pkp18G Certainly the ultimate loss. ii
flymrA were any. to tho subscribers TO
tho bonds. would not be large. as tn"
na1a1 and other equipment would bring
ptetty nearly az much as il was pro-
posed to pay for the road.
Mr.. Baird spoke as a practical
do14A0fed that the Richmond Ashland
HI WINS one OF the most extensively
built lines, II not the most expensive
fntefurban line in the country, and
khAt Il was In good condition.
Mr.. Gould evidently built the
lime. he said, with the idea OF ex-
tending ii to Washington, and used
heavy rails and heavy equipment to
permit Of q high rate OF speed being
made
BE MADE TO PAY.
Mr.. Baird said he had worked the
matter out carefully and was salts
ned that the road could be operated
and nAde to pay even II the revenue
was no larger than that being re?
cAtved when the road shut down He
was satisfied, he said, that the reve-
nus would steadily and rapidly in
Creaee.
He declared that Mr.. Vaughan and
his associates had 30 much confidence
In the proposition that they were will
ing to assume all the risk and guaran-
tee the operation OF the road for five
years guarantee the interest en- the
bonds for two years. and to take the
whole OF their pay in the common
stock, which would not he worth
cent until the road earned the interest
on the bonds. and then made the
v1oc1e valuable.
Xr. Beattie said that il would be
Disgrace to the counties OF Han
0ver and Henric0 to the town OF Ash
land and to the city of Richmond 10
allow the opportunity for acquiring
4 valuable property at n moderate
prico to fit by and fail" He said
that property values had enhanced
enormously since the road was built
ana that owners of property along
the road should be willing to put half
Of the value OF their property into
the enterprise rather than TO allow
1t to fail. Mr.. Beattie made very
earnest appeal to every man present
to take hold of the proposition and
help to put II over"
Mr.. Anderson brought words o.
encouragement, and expressed the
sanguine belief that the road could
and would be made to pay. If Ash
land would do her part and raise $5e,-
600, Ne was satisfied that the money
could be gotten and that every dollar
rood returns.
Offers Rare Opportunity.
Mr.. Long, who. as chairman, has
Ene OF the read. spoke briefly and |
very encouragingly. He thought tho |
purchase OF the road offered great I
opportunity and one that ought not
to be lost He said that the people |
around Greenwood were enthusiastic |
about the movement. as likewise werc |
those at and around Brook Hill, |
where a meeting was held several
nights ago He announced that a |
meeting will be held at Elmont on !
FRIDAY night OF this week.
Tee Rev. DIR. S. G.. Hatcher, vice
president and treasurer of Randolph
Macon College. and one of the lead |
ting spirits of Ashland. made very |
enthusiastic address and urged the |
people TO root for the undertaking. |
declaring that II they did the PROPOSE |
ton would be put over"
A committee OF leading businsss
make 4 personal canvass with a view |
~ raising at least $4,000. w. /.
Fey, OF the Hanover bank, IL at the |
head Of this committee.
4 great deal OF interest was mani |
ested in the meeting. and one public
Apiftted citizen indicated that he /
would subscribe one-twentieth of |
promptly said that he would subscribe |
$1,000. II WAS decided. however. not |
to take subscriptions at the meeting. |
but to let the committee walt upon |
the property owners and cancas1
them.
B The time In which the whole, mat /
ter must be closed is very snort 4 I
representative of Mr.. Gould, who |
OWNS the property will be In Rich
nncnd March Is and. If the money !
has been raised by that time. there ia
little doubt II is said. that the pur-
chase can and will be made
IYYYN 4 eKVY TY0-