Richmond and Danville Railroad.
--The stockholders met at Metropolitan Hall at 6 o'clock, Wednesday evening, pursuant to adjournment,
Col. Watking, resuming the Chair.
Col. Townes, from the
Committee on Proxies, reported a quorum to be present; and the report was approved.
The
Chairman stated that at the request of
Col. Townes, his name had been stricken from the
Committee on the
President's Report; that
F. G. Ruffin had been appointed chairman, and that
Wm. T. Scott had been appointed in
Col. Townes' place.
Mr. F. G. Ruffin, from the
Committee to whom the
President's Report was submitted, reported in favor of its approval.
The committee presented the following resolution:
Resolved, That in lieu of the obligation contingently contracted to appropriate the sum of $70,000 to the
Western Extension, that the
President and Directors of the Richmond and Danville Railroad Company be instructed, whenever they are satisfied that the friends of the
Western Extension have available means to the amount of $300,000, to put under construction so much of said road, commencing at or near the town of
Danville, as is common to the
North Carolina Coal field Railroad, and said Western Extension: Provided the financial condition of the
Company will justify it.
The resolution was explained by
Mr. Martin, of
Henry, at the request of
Col. Townes.
After some discussion, in which
Messrs,
Townes,
Kean,
Harvie and
Martin participated,
Mr. A. D. Dickinson offered the following, as a substitute for the committee's resolution:
Resolved, That after the election of officers and the transaction of the ordinary business, the meeting of stockholders be adjourned over to such time as shall be designated for their re-assembling by Directors, or by the requisite number of stockholders, whenever, in their judgment, the condition of the country and of the
Company will justify their action, upon the important questions now pending before us.
After an interchange of opinions with stockholders, the substitute was accepted for the committee's resolution.
On motion of
Col. Wiley, the resolution and substitute were laid on the table.
On motion, the stockholders proceeded to the election of officers, and
Lewis E. Harvie,
Esq., was unanimously re-elected.
On motion of
Mr. N. B. Hill, the present Directors,
Messrs. R. O. Haskins and
Wm. Palmer, were unanimously re-elected.
Mr. Martin was appointed a committee to inform the
President of his re-election.
Mr. Harvie returned thanks for the re-election, and paid a high compliment to the Directory and officers of the
Company.
Mr. R. R. Howison, from the
Committee on Wharves, etc., presented a report, which included resolutions, approving the establishment of wharves at
Rocketts: and referring the subject of pre-payment of freights to the Directory.
On motion, the
Examining Committee of 1859 was continued, and the By-Laws referred to them for revisal.
Mr. B. M. Jones offered the following resolution:
‘
Resolved, That in lieu of the aid heretofore promised to the Roanoke Valley Railroad Company, the
President and Directors of this Company are advised and instructed to grant to the said R. V. R. R.
Company, so soon as in their opinion the financial condition of this Company will admit of it, the acceptances of the
Company for $5,000 per month, payable ninety days or six months after date, until the said acceptances shall amount to the sum of $60,000; Provided, that the said R. V. R. R.
Company shall deposit, as security for such acceptances, their eight per cent. bonds for a like amount, and that the sum thus loaned shall be expended in laving and grading track continuously from
Keysville towards
Clarksville.
’
Mr. Ruffin moved to lay the resolution on the table.
Mr. Anderson opposed the motion, and advocated the adoption of the resolution.
The resolution was further advocated by
Messrs. Stovall,
Chalmers,
Wiley,
Scott and
Bouldin; and opposed by
Mr. F. G. Ruffin, who called a scale vote on the question.
Several gentlemen, favorable to the connection, were instructed to vote against all appropriations at this time, because of the unsettled condition of the country, but declared their willingness to aid the scheme at the proper time.
When the vote was counted, the
State having voted against the resolution, the question was carried in the negative.
The meeting then adjourned.
