Richmond and Danville Railroad.
--The stockholders met at Metropolitan Hall at 6 o'clock, Wednesday evening, pursuant to adjournment, Col. Watking
, resuming the Chair.
, from the Committee
on Proxies, reported a quorum to be present; and the report was approved.
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
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
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
, 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.
was appointed a committee to inform the President
of his re-election.
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
moved to lay the resolution on the table.
opposed the motion, and advocated the adoption of the resolution.
The resolution was further advocated by Messrs. Stovall
; 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.