Is Virginia a Repudiating State? and the State's Guarantee, What Is It Worth?: Being Two Letters by Robert Tyler, Esq. of Philadelphia, and an Examina

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Excerpt from Is Virginia a Repudiating State? And the State's Guarantee, What Is It Worth?: Being Two Letters by Robert Tyler, Esq. Of Philadelphia, and an Examination by "a Citizen" Of Virginia, of the Decision of the Superior Court of Chancery for the Richmond Circuit, in the Case of the Richmond, Fredericksburg and Potomac Rail Road CompanyRail Road Company, that he and many others in Phila delphia had made subscriptions to this then doubtful enterprise, on the solemn pledge given by the Legisla ture of the State, the, nature of which was fully dis cussed and understood at the time, and given only, because without such pledge subscriptions in this or any other market could not have been obtained for the stock, that the work should be protected for the term of thirty years from its completion, against all competition for travel between Richmond and Washington. That notwithstanding this pledge and the published admis sion of the Virginia Central Rail Road Company, (then the Louisa, ) at the time of extending their road from the junction to Richmond, that they would have no right to carry passengers between Richmond and Washing ton, and their then declaration that they had no inten tion to convey such passengers, nevertheless as any one could see by the advertisements in the newspapers and elsewhere, through tickets are now and have been for some time back, sold by this road and the Orange and Alexandria Rail Road, for all travel passing between Richmond and Washington, whether passing merely between these cities or going further North or South, while so far the Richmond, Fredericksburg and Poto mac Rail Road, in which he had become interested on what he supposed the inviolate faith of the State, had entirely failed to obtain of the courts of the State any redress for this grievance, by which the Company had been at great loss, and on account of which its bonds and stock had been depreciated.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.