Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1845-12-16
From NE Riehmond yyhic
MEETING OF THE JAMES RIVER AND
X AN \ w II A. COMPANY-ANNU
KkpORT OE TIE PRESIDENT

MEETING OF THE JAMES RIVER AND
IL \ y \ w II A. MPANN-ANNUAL
REPORT Of THE PRESIDENT.
Tuesday night the James River Company
assembled in The Senate Chamber (the Hall
of the llousc; being occupied by u Democratic
Legislative Clucus.)
The room was filled with highly intelli-
gent mass OF citizens. Col. Sam'l MDowcll
X id ct Rocklrdg'. was called to the chair.
and w. ID. Chiuenden, Esq. and Robert L.
Lynch. Esq. appointed Secretaries.
Mr. Jam $ NJ. Wickham soon alter the or
ganilatioH OF the meeting, offered the two res
olutious which follow, and which were adop-
ted. Ncm cO1.
Il, Resolved, that the Secretary report TO
this body as early as can be conveniently
done. what proNic. were returned to the Com
plny's Office from stockholders to whom cir
culirs had been addressed from the Office, and
To whom the proxies were given.
,, Resolved, That the Secretary report to
the meeting the names OF all persons holding
proxies, amt the number of proxies held By
each"
These resolutions were understood 10 strike
at a practice which cannot but b. regarded as
pcuicious and destructive Of Independence,
20 wit the monopoly, by the officers ot a
corporation, of The Proxies of distant and un-
appris 'd Stockholders, for the purpose of con
trolling The votes of those absent Stockholders,
To advance the purposes and interests of the
officers themselves. The principle is ind =
lensibe, even il in practice it be- not abused,
60 which, all must see, it is extremely liable
We say not that it has been abused, but that
II may be,and therefore, ought 10 be suppressed
altogether
Mr.. President CajeH then read his annual
report.
MIR. Wickhom, when Mr.. Cabell had CON
cluded bis report, offered resolution To the
effect, that the Canal should be abandoned,
and the continuous Rail Road adopted. to the
Ohio River, from point not East of Lynch
burg, or West of Buchanan; thus leaving the
Eastern terminus TO be judiciously decided BY
the Legislature. His views were substantially
sustained by Messrs. Maclarland, Lyons and
lice OF Harrison, and dissented from by Mr.
'Nenable OF Prince Edward, Mr.. Peyton of
'Roanoke MIR. Fleming James and others in
cidentally engaged in the discussion.
At / | o'clock we were obliged to leave the
meeting. What was done after the reading
OF MIR. Cabell's report, is thus lrieny summed
up in the note OF a friend The ID night
meeting OF the Company will be noticed to-
morrow:
Mir. WICKHAMs 3RD RESOLUTION.
Resolved, That in the opinion of the
Stockholders of the Company, the connection
between James River and the Ohio should be
by continuous Railroad from some point not
East OF Lynchburg or West of Buchanan.
"Mr. Wickham moved the reference of the
Resolution TO the committee ON the Presidents
report when appointed. Mr.. mcfarland
wished il referred TO a select committee.
After debate by Messrs. Wickham, Mac
iacland, Lyons, James, Baxter, Peyton Lee,
and Nenable, the Report and Resolution were
laid on the table, TO be taken up "Wednesday
highland no committee was appointed
Adjourned to meet this evening, at o'clock,
10th Dec"