The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1852-12-11
LOCAL MATTERS.


the 9Th inst.
On motion Mr.. Tunstall, Gen. Peyton was
elected Chairman, and Mr.. John Pennefather,
was elected Assistant Secretary Of the meet
ing. :, r
A quorum being present, the President OF
the Company presented his report, the reading
of which, with other reports, was dispensed
with. The report of the President was then
referred to committee of FIVE, and the report
of the committee on Books and Accounts to
similar committee.
committee on Bylaws was also appoint
ed, and then the meeting adjourned over until
Thursday morning, il O'Clock, to receive the
reports of the committees.
Thursday Dec. 9M.-The stockholders re
assembled at | o'clock.
Presideafs Report.-Tne committee TO
whom was referred the Presidents Report, re-
ported that they did not find any thing which
required TO be brought to the special notice OF
the meeting, but took pleasure in saying that
the action of the President and Directors Of the
company during the past year, which had been
one of peculiar trial and embarrassment, call
ed for the expression o fthe thanks of the stock
holders, and that the result of their labors had
been most propitious to the interests OF the
company, and afforded just ause Of congratu-
lation to every friend Of the great work, to
whose prosecution their energies had been so
faithfully and judiciously directed.
The exhibit of receipts and dsburseme nts
within the year, from October l, 1851, to Sep
TENDER 80, 1852. show total of receipts OF
$390,9Sl IA, to which add the amount in hand
October /, 1851, of debts due to the company
and money, of $l3, 597 &C, makes a total of
funds from all sources of 1894 57S So dis
bursements for the same period, including ad-
vances to contractors and debts due to the
company, Of $39O,759 10, leaving balance Of
money in hand $3.50 67.
Statement C, of the Treasurer's report, is
a synopsis of A and B, exhibiting in a con
densed form the anticipated available resources
of the company on Both September, 1852, Of
$4I3,526 90, based upon the expected private
subscriptions to the remaining amount Of the
new capital, to be subscribed by individuals
and the State. The report was adopted.
Books and Acc0unts.-A report from the
committee on Books aud Accounts endorsing
their correctness, was then submitted and
adopted.
Duty on Iron.-OD motion DR.. Atkinson, a
resolution providing that the President and Di-
rectors Of the Richmond and Danville Rail-
road Company petition the Congress of the
Init tod tho spssinu in bebo II
Of the company, to admit, free of duty, the
railroad iron that might be imported by the
company, or others, for them, for the use OF
said road, was next adopted.
By Laws.-The committee on Bylaws re-
ported that no amendments were required.
Approp' iation,-Mr. Giles offered the fol-
owing resolution
Resolved, That the President and Directors
be and they are hereby authorized, should the
Leg isature of the State make any loan Of mo-
ney TO this company, or make any other pro-
vision by law for contributing means for the
completion of its works, to uccept such law
or proposition, and to give to the State lien
on the property and income of this company,
or on either, or on any part thereof, to secure
the payment Of the principal and interest of
such loan; or to comply with any other condi-
tons, terms or stipulations which may be re-
quired provided the President and Directors
should deem it advisable to do so. Adopted.
LOan.--Mr. Giles also offered resolution
authorizing the President and Directors, if they
thought it necessary, to borrow 100000, to be
appropriated to the completion of the works
of the company and the procurement of rolling
stock and other furniture of the road, said
amount to be legally provided for. The reso.
luton was adopted.
Salary.-On motion, the 10Th bylaw was
so amended as to give the clerk $500 instead
of $l40O salary per annum.
Thanks On motion Of Mr.. w. II. Clarke,
the thanks of the stockholders were rendered to
the President and Directors for their ability
and fidelity in the discharge of their respective
duties.
authorizing the President and Directors of the
company to ascertain the amount of the annu.
al profits of the shares of the company-de.
clare dividend upon them, aud issue to the
stockholders obligations for the same, to be
payable at such time and in such manner as
the President and Directors might prescribe
Adopted.
Petition.-A petition was presented for the
extension of the track of the road &C ross Belle
Isle to the North side of james River at the
Tredegar Iron Works-signed by Anderson -
Souther, and others.
On motion, the memorial was referred to the
Board of Directors, without instruct tons, leay-
ing j, wholly to their discretion to carry cut
the object of the petition or not, as they may
deem best.
On motion, the following officers were elect
ed for the ensuing year:
Presdeut-W. p. Tunstall.
Vice Presidential. F. d. Clifford.
Messrs. Clifford and James G. Crane were
unanimously elected Directors.
The meeting then adjourned.