Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-02-15
Richmond and Danra7e Raityaad Companu.

The Stockholders of this Company reassembled
yesterday morning, and resumed the consdera-
ton Of the report submitted by the Committee OF
Investigation.
In this report the Committee state that, ha wing
adjourned over on the 18th of December, to the
9th of January, they then proceeded with their
duties and held nine evening sessions during
which they examined much record evidence and
took the testimony Of several witnesses, includ-
ing the Chief Engineer. When about to examine
oae of the officers, an assistant Engineer, the
Committee were informed that he had been in
structed by resolution of the Board of Directors
to give the Committee all the information he pos
sessed, and in writing Whereupon the Commit
tee determined to proceed no farther but to report
the fact to the Stockholders The Committee
state that they deemed the resolution of the Board
| an invasion of the rights and privileges of the
Committee, but acquit them of design to embar-
rass the Committee in the prosecution of their in
quiries. -
The resolution adopted by the Board of Direc-
tors Goth january was as follows:
whereas an examination by committee of the
stockholders gong and the Board being most desi-
ofhcers OF the company to the committee; there fore
Resolped, That their officers afford all the nforma-
ton IN their possession, and that such information be
given in wiring.
At the meeting fthe stockhold rs on Thurs
day evening, Mr.. Stovall had offered certain res
olutions touching the report of the committee,
| and DR.. Atkinson, of Danville, had offered an
| amendment which was the question pending
when the meeting was called to order Yesterday
| morning.
Mr. Giles moved as substitute, the following
resolutions
!. Resolsea, That the Board of Directors have no
right to control in any manner or TO any etxept
committee Appointed by the Stockholders to investigate
the affairs OF the Company; and that it is the duty
such Coinmtee IN conducting its investigation to have
all such testimony as might in any way affect the re-
port 10 be made by it to be taken down in writing
IN me presence CT the witness giving it, and in terms
Sancuoned oy such witness, or IN writing by the witness
himself.
.. RESOLVED, That the Board of Directors, in pas.
sing me resolution referred to in the report of the
Intee appointed 10 make such investigation at this time
Were not m the opinion OF the Stockholders influenced
ny any desire to exercise any improper undue
| uol over the proceedings of the Commi ttee
5. ResotDed, That any further investigation into the
AFFAIRS 1.-THE Company by that committee at this time
VIII be unnecessary unless in the opinion OF the said
eommlttee, derived from the extended examination al
ready MADE by hem such further investgat ton is des
faole and that The report be recommtted TO the said
committee to report their opinions upon that mat ter
to the present meeting oil the stockholders
| To the first resolution w. C. Carripgton of.
fered the following amendment, by way of add
ton:
| "And that the resolution adopted by the Board Of
Directors, nstrhcting the officers of the Company to
give the Committee of investigation all the information
in their possession and in writing is net considered as
Involving the assumption OF such conro and ID entirely
approved
Mr.. Grattan moved to strike out the words aand
is entirely approved"
long discussion ensued which was partici-
pated in by Messrs. Crump, Clifford, Bouldin
Grattan, Witcher, H. Darlington, Tunstal and
| others.
The vote was finally taken on the motion to
strike out the words sand as entirely appropee,"
and twas rejected--ayes 1856, noes 1860.
The amendment was then adopted, without
scaling the vote; and the resolution as amended
was adopted in the same manner
MIR. Giles, instead of the second resolution
accepted the following, which was proposed BY
DIR. Atkinson:
Resolred, That whilst it is intended bv the ahove
resolution TO relevo the Directory from ali blame in re-
Terence to the instructions which they gave to their
ofhceFs as 10 the manner of giving their yence and
whilst 10 gretted that the Committee did NOT thnk
proper to pursue their investigation it is not DESIGNED
thereby 10 cast censure the Committee for the course
winch lhey have pursued.
The resolution was adopted, Mr. Grattan alone
dissenting, who thought it inconsistent with the
first.
Mr. Giles third resolution next coming up, Mr.. |
Grattan and Mr.. Reeve enquired whether the
committee could make to this MEETING sucb renort
ag tha
whether it was expedient to prosecute the inves-
tigaton still farther
Mr. Crump (the Chairman) stated, after con. !
ference with two others of the committee that if
would be impossible for the committee to olive
more information than was communicated in their
report.
In reply to other inquiries, Mr.. Crump stated
that after the transaction of TODAY. he and Of
ieast TWO OF his colleagues, for whom he was au-
thonzed to speak, would not consent again to
serve on any committee ofinvestigation appointed
by the stockholders of this company.
Mr.. Giles withdrew his third resolution and
DIR. Atkinson offered the following
Res0lced, That the Committee of Investigation he
requested 10 communicate to this meeting any ioorma
uoh whch IN The progress OF their labours thew may
Lail anu may ueeiil interesting 10 the Stock
OF WHICH may IN their opinion, render it pro-
per 'ha' Inc investigation shall be pursued farther
IL was argued, in support of this resolution, that
MIR. stoval one OF the Committee, had stated that
he had kept memorandum of all the proceedings
OF the Committee, which the resolution would
probably induce him to produce to.ihe stockhol-
ders.
MIR. Reeve inquired whether the Committee
had not completed their examination of some par
ticuar subjects, upon which they could make n
specific report?
Mr Crump replied that the committee adopted
the plan Of collecting all the evidence. be fore