Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1849-08-22
FROM THE RICHMOND REPUBLICAN,.
Louisa Northumberland Meeting
of the Stockholders.

MEssRs. EDsreRs-The Stockholders of the
Louisa Railroad Company met at Louisa Court
House, OR Thursday, I'd August, tina, being the u
suai meeting, and received and adopted unanimous
y, The able and satisfactory report made by their
President, VI the operations of the past year. The
proceedings, ia full, will doubt be sent to you
for publication in due time. Meanwhile, 1 desire
to offer I" the stockholders, who were not pre-
sent, and to the friends Of that rising aad mpes-
tant State improvement, my hearty congratulations
on the promising prospects Of the Company chiefly
due to the zeal, fidelity. and admirable anagement
OF lis affairs by the enteIprtsiDg and interchangeable
President.
In certain quarters, dare say the hope was cher
ished, that something like vote of censure would
be passed on Col. Fon,aine and the Board of D-
rectors because they had the bOldness and temerty
to resist the high behests Of another company seek
my to 'pcrpetua,e the almost servile dependence
they have SO long imposed on the Louisa Company
But instead of ccnsurc there was tri,.nph in
stead Of sacrifice, there was an oration. The
threatened opposition 10 Col. Fontaine's reelection
account Of the Eastern extention of the road and
| the operations connected with the stage arrange
ments for passengers Aetweeu the junction and
Richmond was signaly febuked. All the difficult
ties and objections connected with the Presidents
past course were met and removed, by the plainesi
and fullest explanations every point SO that the
only solitary impugner Of the wisdom and prqrieiy
| OF Col FOntane'S course in the matter Vi the
Eastern extension, (who happened, by the way, ,o
be, although distinguished and esimable gentle
man, large stakeholder in the Richmond and Fred
ericksburg Railroad Company answered, il
not convinced by the strong array of facts and argu
ments, which were SD copiously and cogently en-
forced, 10 make his defence conclusive and .ri-
umphant IL Is proper to say, that If there a
| ny part of Col. Fonaine's course, which received
the especial appreciation of the stockholders, it was
in reference to the controversy with the Richmond
and Potomac Company, in which the frmness, sa-
| gacity and business capacity displayed by Col.
Fountaine, in indicating the rights and interests of
| his company, won for him the highest praise, i'm
tile string and eloquent speeches. by Gen. Gordon
and William c. Rives, Esq; whilst his indefatga
be devotion TO his duties, his high character and
admirable fitness for the labors of the Presidency
were earnestly atested by Col. j. Randolph OF AL
| bemarle, MIR. Wickham, of Hanover, Scott, of Car
Oline, and others.
The Stockholders indicated their appreciation Of
the value of their services by unanimously re- elect
ing the former President and Directors and by vo-
| ting an increase of compensation to them all.
proposition TO increase the salary of the President
| to $2OO0, met with general favor, and would I'M
doubleday have been adopted, but Col. FOntane
came forward himself and stated that, as the Com
pany had always been distinguished by the whole
Some economy with which its finances had been ad
minisered, he would no. be content to receive any
sum which did not meet with the General APP
probation of the whole Company, and intimating
that $4,000 was too high, begged that the motion
oe withdrawn. The sum of ST. 500 was then voted
without any formal opposition and after the adop-
ton Of several business resolutions, appointment of
committees, Sc, the meeting adjourned, amidst gen.
eral congratulations on the present prosperity and
the growing fortunes of the Company.
| A SrOCKHOLDER