Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-01-05
DOMESTIC.

SHENANDOAH RIVER CONVENTION.
Tho C,noention re. assembled al Front Royal War.
rem countys on Tuesday, the 9Th day OF NoVemoer'
1885, according to adjournment Inc toho"i"g De'e
rues in attendance:
From Jefferson John Kube and John Stridsr.
From Ciarks--n"o,or Gyms MeCnrmlck, Nathanlei
Burwell Edward |. Smith, Lorenzo Lewis VIM Cas-
teman James Caseman, Thomas F. Nelson, Dr. w M.
Nelson, John W. Page, John E. Page, John B. Earle
aud James NJ. flite.
From Warren-Chaney Gate wood Robert NJ. Mar.
shall WIN. edward, Isaac Harrison, VIM. Carson,
Robert Turner, Samuel R. Millor, VIM T. Ashoy,
Giles Coax, Ewell Baker, Enoch Wilson, Samuel Ken
drck, Robert S. Mckay, Samuel Buck, Edward b. ia
cobs, Isaac Overall, John f. Deneaie' ana morgan
Johnston
From F"uqu,er-Na,hanel GrigsSy, James "thers'
Thos s Hall Chapman Shacklett kembe u. Hicks,
Thos NJ Amber, and John Newman.
Col Robert Turner was invited to act as Secretary
MIR Philip Pil,man, from the county Of Shenandoah,
the Convention.
The Convention being informed that committee
from the Shenandoah Company consisting OF General
Samue. H. Lewis, and and Col - Owens, were IN
attendance they were invited 10 lake ther sea'S in 'he
Convention; and
On motion of Thomas F Nelson,
Resolred That committee Of FIVE persons, to con.
sist of one member from each county be appointed by
the Chair to meet and confer with the COMMITTEE on
the pa, of the Shenandoah Company upon the subject
Of compromise in regard to their rights IN the She
nandoa river and that they report TO the Convention
forthwith.
Whereupon, til. Presiden, appointed the said Com.
mit,ee as follows: ThomasF Nelson from Clarke, John
Kable from Jefferson Robert Nj. Marshall from warren,
Robert Gratian, from Rockingham, and Thomas NJ
Amber from Fauquie who retired and alter some Time,
returned and presented The result oil their conference
the following resolution:
Resvl1ed That il would be more expedient 10 aug
ment the capital of the present company to such an
amount will be adequate to such an improvement OF
the navigation will readily admit OF the ascending
as well descending trade, than to form new com
pany for that purpose-npon the conoiion, tha' tne
shareholders Of the present company shall receive only
half dividends until the dividends shall equal five per
cep,um upon the additional capital NEUTRALITY-SUSPICIOUS.
the dividends upon The nj" STOCK shal equa h'e
per cent the surplus eha be divided equally snare
and share alike among all The STOCKHOLDERS, WITHOUT
distinction of old or new stock.
The above resolution being read, Mr. John w. rage
offered substitute, which proposed 10 organise new
company upon certain terms, with the consent OF tne
present Company; but the COMMITTEE from the Shenan-
doah Company giving their opinion that the Com
pany would not accede TO such proposition, Mr.. rage
Withdrew his substitute.
The resolution Of the Committee OF Conference then
became the subject Of discussion.
Mr. T. F. Nelson the chairman OF the committee,
made some remarks in support OF the resolution lie
said that his opinions had undergone some change since
he went into the Committee OF Conference. Conslde-
ratons which had not occurred 10 him BEFORE now con
WINGED him that it was much more expedient TO unite
with the present company, than to attempt 10 organize
a new one de SAID the present company was possessed
OF vested rights which new company could acquire
such as the general right of way the right to the water
at Iarpers Ferry and the right to the current OF the
river over nearly oil the mdam along lis whole
extent He thought that the proposition ct compromise
from the Shenandoah Company, expressed in the re-
solution entirely liberal and such as he was wiling
to accept.
MIR John Strder of Jefferson spoke in opposition to
the resolution He said he did not consider the propo
si,on from the Shenandoah Company any ways liberal
and he was convinced in his mind, that 1t would
not receive the appreciation OF the community. Inc
works the river, made by the present company would
be Of little or no value the further improvement by
system of locks and DAMS and he thought the proportion
allowed to the old stockholders by the resolution, was
greatly too high He alluded to the terms on which the
1,besapeake and Ohio Canal Company bought out the
rights of the old Potomac Company, and commended that
the terms the part of the old Potomac Company were
much more liberal than those now offered by the She
pandoah Company lie said, he was very anxious 10
see The navigation Of the river improved tie did not
care whether it was be done by the present company,
or by new incorporated ONE but he greatly feared that
the pesple would contribute their funds 10 the
company if the old stockholders were TO have 80 large
an interest in the dividends.
Mr.. Gra,tan, from Rockingham spoke in defence OF
the Shenandoah Company.
General Lewis, on behalf Of the Shenandoah Com.
many addressed the Convention, giving an interesting
detail Of facts and insisting that the terms OF comPro
mise presented by The resolution were very reasonable
and ought 10 be satisfactory.
The vote was the taken on the resolution reported by
the committee and it was adopled-ayes SO, noes D.
On motion,
Resoiced That the President appoint committee OF
FIVE members to attend the meeting OF the Shenandoah
Company at Port Republic on the 9Th December, to
make such arrangements with that company may be
practicable aud expedent the part Of this Convention
Hhereupou, the President appointed the following
gentlemen: Thomas s. Hall, DR.. VIM Nelson, John
S,rider, Robert Grattan, and WIN. Ashby.
On motion of John +. Page,
Rssoped, That committee be appointed by the Chair
60 unite with the Shenandoah Company in u memorial
10 the Legislature praying that the charter Of that
pany may be extended its capita enlarged and such Ii
beral incorporated into the charter will sc
cure the favor and patronage Of the people.
SWhereupon The following gentlemen were appointed:
John L Page. Giles Cook. Edward J. Smith, Robert
IsraIIan, and L. S Hall.
Resolced, That the editors Of papers in Winchester
Charleston Alexandria Wurrentnn, Woodstock, Harris
onburg Staunton and Richmond, be requested 10 publish
the proceedings Of this Convention in their respective
papers.
RESOLVED, That this Convention do now adjourn.
CYRUS MCCORMICK, President.
GiLrs Cook, Secretary.
Soura-wEsTERN RAILRoaD.--We respectfully invite
the ntion Of readers to the annexed
of the citizens Of Lynchburg with respect the Ten.
nessee Railroad II will be that they have not
forgotten Finoas,le do they wish to exclude any