Is Virginia a Repudiating State? And The State's Guarantee, what is it Worth?

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Printed at the Whig Job Office, 1858 - 43 páginas

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Página 7 - ... individuals to subscribe for stock in the company, and the General Assembly considers it just and reasonable that those who embark in the enterprise should not be hereafter deprived of that which forms a chief inducement to the undertaking. " 38. Be it therefore enacted and declared, and the General Assembly pledges itself to the said company, That, in the event of the completion of the said railroad from the city of Richmond to the town of Fredericksburg...
Página 8 - Washington, or for any portion of the said distance, the probable effect of which would be to 81*] diminish the number *of passengers traveling between the one City and the other, upon the railroad authorized by this Act, or to compel the Company, in order to retain such passengers, to reduce the passage money...
Página 22 - ... the one city and the other, upon the railroad authorized by this act, or to compel the company, in order to retain such passengers, to reduce the passage money: Provided, however, that nothing herein contained shall be so construed as to prevent the legislature, at any time hereafter, from authorizing the construction of a railroad between the city of Richmond and the towns of Tappahannock or...
Página 7 - ... said railroad, allow any other railroad to be constructed between the city of Richmond and the city of Washington, or for any portion of the said distance, the probable...
Página 10 - The State court decided : 1st. That the privilege or monopoly guaranteed to the complainants by the 38th section of their act of incorporation, was that of transporting passengers between Richmond and Washington ; but that the legislature, by that enactment, did not part with the power to authorize the construction of railroads between Richmond and Fredericksburg for other purposes ; that they had, therefore, the right to authorize the extension of respondents...
Página 23 - ... to retain such passengers, to reduce the passage money: Provided, however, That nothing herein contained shall be so construed as to prevent the Legislature, at any time hereafter, from authorizing the construction of a railroad between the City of Richmond and the towns of Tappahannock or Urbana, or to any intermediate points between the said City of Richmond and the said towns. And provided, also, That nothing herein contained shall be construed to prevent the General Assembly from chartering...
Página 19 - Fredericksburg, within the time limited by this act, the general assembly will not, for the period of thirty years from the completion of the said railroad, allow any other railroad to be constructed between the city of Richmond and the city of Washington, or for any portion of the said distance...
Página 13 - On the contrary, the preamble connected 82*] with this section *shows that the com plainants* road was expected to "form a part of the main northern and southern route between the City of Richmond and the City of Washington;" and the inducement held out to those who should subscribe to its stock, was a monopoly "of transporting passengers" on this route, and this is all that is pledged or guaranteed to them, or intended so to be, by the act. It contains no pledge that the State of Virginia will not...
Página 10 - I did file such a bill in the Supreme Court of the United States. The Supreme Court of the United States...
Página 28 - ... time be charged by the Louisa Railroad Company on the same passengers and freight; and shall also agree to carry all passengers and freight entered at the city of Richmond for any point on the Louisa Railroad, at the same rate per mile as is charged at the time for the same, by the Louisa Railroad Company ; and shall also agree to submit to the umpirage of some third person or persons, to be chosen by the said companies, the compensation to the Richmond, Fredericksburg, and Potomac Railroad Company...