Daily Richmond times. [volume] (Richmond, Va.) 1849-1850, 1849-12-14
RicHMoht1 AND pANvtli4E RAILROAD
COMPANY,


COMPANY,
THURSDAY, Dec. H. 1849.
The Stockholders met according to their adj
journment on Wednesday; Mr.. Dennis in the
Chair.
The committee on the Books and Accounts
through Mr. J. c. Crane, reported that they had
devoted some two hours to the examination, and
found that the various balances were found tobe cor
rect, the accounts properly certified by the Chet
Engineer and the Committee of Accounts, and
the appearance of the books, together with the
condition of the vouchers and papers In the ohce,
credable to the officers having charge Of this de-
partment. The committee said farther, at was
not expected, of course that all the transactions
of the year should be examined, as that would be
the labour of weeks, if not months, and as not
deemed necessary, it is the business Of the Pre-
sioem and Directors TO exercise constant and u
gilant superi7tendence orer the books and accounts
of the Company.
Objection was made to the clause in itallc, on
the GROUND thatit alleged as reason for the COM
mittee's not making a more minute examination,
that the duty of the President and Directors to at
tend to that subject made such examination un-
uecessa7v. 1t was stated that the committee on
Bg-La,os would offer report proposing new
system of auditing the accounts, with which the
opinion expressed by the committee on Books ana
| Accounts, in the above clause, might be deemed
to conflict. In order to bring up the subject
without any previous commttal of the meeting
Ia Strika o1,tt olauSp
ton, and the motion prevailed. The report, as
amended, was then adopted.
The committee on By I.aws presented report
proposing some not very material notifications Of
| the Bylaws, and also the following articles Gin
substance, the resolutions offered by Mr.. Clifford
on Wednesday, to be added to them:
II. AT every annual meeting, the Stockholders shall
appoint Auditors, with compensation OF - dol
lars per diem, during actual service, whose duty shall
be to audit the balance sheet laid before them by the
Directors and from time time, during the year, to ex
anime and audit the company's books and accounts
and at the termination ofthe fiscal year. prepare state
men of its affairs be laid before the Stockholders to
| their approval disallowance. Such Auditors shall
have power to appoint an accountant under them who
may be allowed dollars per diem, during acua
service
49, Should difference of opinion arise during the yea
the books, accounts and affairs OF the Company
between the Auditors and Accountant they shall make
separate reports TO the Stockholders
10. Should the accounts reported by the AUDITORS re-
ceve the appreciation of twothrds OF the Stockholders
present in person by proxy they shall be considered
finally closed But should they be approved by less thar
twothirds, then they shabe submitted to new Auditors
who SHALL in like manner, examine and audit nen ano
report the result to the next meeting CT the Stockhod
ers, and if their report be approved by majority O
the Stockholders present represented at the meet
ing the accounts SO approved shall be considered maj
ly closed
Mr. halmers, from the Committee on the Presi
| dents and Engineers Reports, stated that in con
sequence Of the absence of Mr. Mayo, the Chair
man, and two other members of the Committee
viz Messrs, Bouldin and peyton, and in view Q
theimportance of the subjects under consideration
the Committee were unwilling to report at present
[Besides the recommendations of the President
Report there had been referred to the COMMITTEE
a resolution offered by Mr. Clifford on sdpes
day. in favor of the policy of locating the road :.
as TO afford the most eligible connectioD Wltistht
Virginia and Tennessee Railroad at Lynchburg ]
i The Committee retired for further conference.
Some discussion then ensued on the subject o
appo,afng al hour for the election Of officers
and finally, it was resolved that the hour of P
\ NJ. on Friday (to-day) be fixed fer the election,
The meeting adjourned to half past A r ~, #
order to take up the Report Of the Coeimittee d
Bylaws.
AT the adjourned meeting, in the afternoon, nj
business was transacted, in consequent Of thu
proxies of the city having to attend Q aseting O
the City Council The Stockholders resume theil
meeting this morning, at Il O'Clock
/ - ma Of the