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<DIV><FONT size=2 face=Tunga>Bluefield Daily Telegraph<BR>July 16,
1910</FONT></DIV>
<DIV> </DIV>
<DIV align=center><FONT size=4>VIRGINIAN DOING NICELY</FONT></DIV>
<DIV align=center>------</DIV>
<DIV align=center><STRONG>Report of Receivership for New Road Denied--More Than
Paying Expenses</STRONG></DIV>
<DIV align=left> Roanoke Times: In the past two or three
days a rumor has been going the rounds of Roanoke to the effect that the
Virginian railway is about to be placed in the hands of a receiver.
Exactly how the story originated is not known. In addition, it was said
that the Virginian had determined to abolish four of its departments, with a
view to curtailing expenses. At first, little credence was given the
report and it was generally accepted as one of those vague and groundless
statements, arising from untrustworthy sources and passing away without
attracting serious attention. When the rumor persisted, the Roanoke Times
determined to make inquire at headquarters. It called up the general
offices of the Virginian in Norfolk this morning and asked for Harvey T. Hall,
general counsel of the road, a former prominent attorney at Roanoke. On
being informed of the nature of the rumor in circulation here, Mr. Hall said
that it is absolutely without foundation.</DIV>
<DIV align=left> "I have heard nothing whatever of such a
matter, " said Mr. Hall. "The Virginian is getting along in fine
shape."</DIV>
<DIV align=left> G. A. Wingfield, assistant counsel of the
Virginian, who is in Roanoke on legal business, was seen by a reporter of the
Times, and asked about the report. Mr. Wingfield said that such report is
entirely without foundation.</DIV>
<DIV align=left> "The Virginian is not only meeting all its
running expenses, but is paying a part of its interest, which is a remarkable
record," added Mr. Wingfield, "when you consider that it is a new road."</DIV>
<DIV align=center>------</DIV>
<DIV align=left><FONT size=6 face=Script>Gordon
Hamilton</FONT></DIV></BODY></HTML>