Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1838-12-20
SHENi NpOiH RIVER CuNyEE,
't'fDN

ihe Convention rs"ssemslrd at Frnui
Royal, Narren Comfy, On TUESDAY, ihs
:. In day oi November, 1888. nccnr,iins ,o
adjournment The iuiiominy Delegates
we're in aitendanCe:
FROM Je9sssOa John kaLIe and John
Sniler.
From Garke-Dr C,iu. McCorn,ics
Na'hnnIe! Burweli Ell" ard Smith, Ln-
renHo Lewis, WIN CastIeinan, James Cas-.
SON: John w. Page. John +. Page, John
Il Earle, ami James NJ He.
From F"rfem-E hancy Ga,ew~cd, Rob
eIi NJ. Marshall, Wm Woodward. isaac
Harrison, w Iliiam Carson, Rober, Turner
Samuel X Miller, YIN. r. A>hhy, Giles
Look, Eweil Baker, Enuch Wilson. Sam.
uei kendrick, Robert s Mckay, Samue,
PUCK, Edward Is jacobs, isaac Overall,
John Il peneae and Morgan .Jobnstnn.
FROM Rochingh Robert Gta,tan.
from fdHquier-NaihanirlG firshy, las.
W''hers, Thomas s. Hall, Chapman Shack
ie:t, keinhe Hicks, Thomas al. Am.
bier, add J,lIn Newman.
Coi- * bert Turner was invited to eel az
Secretary pro iempore.
MIR. rhilip Pullman, from The county os
Shenandoah, being present, was inyiied 10
take seat as d member OF the Convention
The Convention beiog informed that a
i"inniitee from The Shenandoah. COMPANY.
consisting OF Gen. Samuel II. Lewis and
oo'. - Owens we're in attendance, they
we're invited 10 lake their seals in lbe Gun.
ventiun: and
On m"'ion Of Thomas y Nelson,
RsSOlUed, Thai d committee OF f;ys ner
'ohs, 10 consist OF one member from earis
county, be appointed Ivy The Chair To meet
ana CONFER with the committee on The part Of
me Sheuandoab Company upcn the suli.et
"i compromise III regard To their rights il,
'he Shenandoah River, ans that they repor.
10 ,he Convention forthwith.
VtersrpOn, The President apgoin ted The
SAID C"miniIiee as follows: Thomas +. Mel.
sou from CLARKE; John Ikaile from Jefer
son. Robert NJ. MARSHALL, from Warreu
Robert Grstlan, from Roc kJpyham and
Thomas al. Amber, from Euuuuier: who
retired, and, "Gcr sume time, returned sod
presented, as the reblii OF their conference.
Inc following resolution:
ResolUed, Tha, il would be mora ex,ed;.
ehI to augment lie capital oi the present
company 10 such at amount as i'll he aJe.
q'"'- 10 such an improvement If the n.y;-
sati9I as VIII readily admit oflbe ascending
az well DIS descending t.ade, Than To form a
ne" company tor that purpuse- the
Condition that the shareholders OF The pre-
sent company shall receive Only half diyi-
dends un!I! The dividends shalt equal .i,cper
cent: upon The additional capital Subscribed
W henever the dividends upon The new
stock shall equal tive per cent, then lie sur.
rlus shall be divided equally, share and share
alike, among all HE stock holders, VI itLout
distinction ii old or new stock
The above resolution icing read MIR
Joi" w. Page offered substitute, which
proposed 10 organize new company UPON
certain terms, " iih ihc Consent ci lie p,c-
Sc" sea; company; but The Committee from he
Shenandoah Company giving il as their o.
PiniOD ihai The company would not acceJs
10 such q proposition, Mr.. Page withdrew
his substitute.
The resolution Of The Committee OF Con
!cfence then became The subject of discus
sion
Mr. +. L. Nelson, the chairman OF tho
committee, made some remarks in suppo,f
Of lbe resolution. lie said that his opinions
hdd undergone some change SINCE be went
iato The Committee Of Conference. Consid>
CITATIONS which bad not occurred 10 him be-
tore, now cuny iDced bin That il was much
more expedieni TO unite with lie present
company, than TO al;emp; TO organize new
me. lie said tie present company was
possessed Of vested rights which to new
company could atquife-s as the generI