Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-07-27


We learn that Judge King has suc4
ceeded in efecting loan in Philadelphia,
on the faith of the state, for the Pennsyl
vania and Ohio canal. Below will be-
found the proceedings of the Philadelphia
stockholders.
At an adjourned meeting of the stock
holders of the PennsylUania and Ohio
Canal Company, held at the Philadel-
phia Exchange, on the llth Of July,
1887, A. MILLER, Esq. was called to
the chair, and r. ToLAND, Esq. was
appointed secretary.
The following stockholders being press
ent, viz: T. Biddle, Leicester King,
J. Dugan, J. F. Leaning, A Sym
ington, J. Donaldson, Del. Insurance
Co. Secretary; E. Rodgers, s. Tams,
G. Handy, T. P. Hopes. Us. Ril-
ley, ]. Lindsay, w. Young, pres. q.
S. Insurance CT. Fl. Gratz, J. RAN
dali, and F. Wharton.
A report of the state Of the company
was again submitted, by Leicester King,
Esq. for the information Of those who
had not attended the previous meeting
held on the Sd inst.
The report of the committee appointed
at the meeting held on the Sd inst. was
then read and unanimously adopted.
Messrs. Handy, Symington, Hopes
and Rodgers were appointed a committee
to wait on the stockholders not present, to
explain the measures adopted at this
meeting, and obtain their concurrence
thereto.
II a.as naossd and carried, That a
Synopsis of the proceedings of the
meeting be printed in circular form, and
furnished to each stockholder, with d
copy of the report Of the committee an
nexed. r. ToLAaD, Sec.
-" The committee appointed at a meeting
of stockholders Of the Pennsylvania
aad Ohio Canal Company, held at the
Philadelphia Exchange, on the 3D. of
July. 1887, 'fer the purpose Of taking
into consideration the statement Of the
affairs of the Company, submitted by
LEICESTER KING, ESQ., respectfully
.. Your committee having attentively
weighed the subject, entrusted to their
consideration, recommend that the stock
holders, resident in Philadelphia, pay
such an amount as viii, with the install
ments already paid, make an aggregate
of fifty Ave dollars on each share of stock
respectively held by them.
'' Your committee beg leave further to
recommend, that negotiable notes, paya-
BILE in FIVE equal monthly instruments.
the first to fall due on the 18th OF Sept.
next, (or at an average Of time eyqpiva-
lent there.o) be received by the directors
for said amount
"Your committee further respectfully
that the president and direc-
tors permit any stockholder who has paid
thirty dollars or more, on each share held
by him, in lieu Of applying any amount
hereafter paid, to instalments on his whole
number Of shares, to apply said amount
TO such number OF shares as will thereby
be rendered full stock, and upon surreri-
dering his certificate to the agent OF the
company, to receive certificate Of full
stock for tie nambe, of shares 80 paid in
fill, an9a new Certificate for the residue,
as thew stood before said payment was
made.
Your committee congratulate their
upon the Frightening
prospects of the company. They have
been informed from an authentic source,
that ample means are provided for the
completion of the Wabash and Ere canal.
From the amount Of stock subscribed,
there Is every probability that the Akron
and Perrysburgh railroad will shortly be
commenced. 1t is also supposed, the IL
lnois and Michigan canal will be con-
pIeted at no very distant period. These
three works penetrate extensive regions
of fertile country, and must cause great
accession to the business of the Fennsyl-
vania and Ohio Canal. The subscription
on the part Of Ohio, creates community
of interest with that state, and adds one
third to the capital of the company. In
short, from full and impartial consider
alton of all the circumstances within their
reach, your committee see nothing to DIS
courage them, but on the contrary, think
they have good grounds for believing tho
PENNSYLVANIA and Ohio canal will hs
brought to q successful termination, and
prove profitable investments.
JOHN LINDSAY,
THOS. P. HOPES,
THOMAS BIDDLE.
EVANS RODGERS.