Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1853-12-06

solclung STOCK, ana found the people VIII
ing to contribute; but he must be candid,
and say that before universal effort could
be successful, two things must be done: /,
The present Board of Directors must resign;
and g. the people must be satisfied that
there was not to be any connection with the
Marietta Company at all.
Gov. Trimble rose and said he was will
ing the audience present should say how
much he should subscribe; if they would
not say, he would for the present increase
his subscription to $4,000, and double it
again if necessary, hereafter.
Mr. Jas. M. Trimble, the President, said
he was rejoiced at the action of the meeting.
He had given up his whole time and talents
for the last three years, without one dollar
of profit, and to the confusion of all his pri-
vate interests. He was aware that conf
dence was lost in the present Board, arising
from difficulties which they could not over
ride, but which he hoped had this day been
explained to the vindication of himself and
his compeers. He was willing, ready and
anxious to resign. He subscribed $4,000.
Mr.. Falls said he had never desired a
place in the Board, and had only held it
because circumstances forced him into his
present position. He went for consolidation
because he thought it best, and was the
first man in the Board, after he found that
advantage was taken of the clause for the
payment of stock at par, to oppose it. He
also went for the contract for union, be-
cause he saw no other hope for the salvation
of the stock already invested, and he was
still for contract, and would 60 for it, un-
less the people would come up and subscribe
stock sufficient to make the completion GER
tain, and that he would give his note for
$4,000 of stock to aid, if the subscriptions
were such as they should be, and that he
would most willingly resign and give place
to new Board and he hoped the people
would come up and join in making the road,
or else he had made up his mind to leave
The town, and 60 where they had railroad
During the day, $91,05O of new stock
was subscribed, making $l58, $50 subscribed
this month in Highland county. Capt. T.
B. Anderson, Gov. Trimble, and Gen. J. J
Mcdowell were appointed committee tc
attend the next meeting of the Board, pre-
sent their stockbooks, and request further
time to obtain new subscriptions, and to pro
test against any contract for union with tht
Marietta Road. The following resolutions
offered by Mr.. Thompson, were unanimously
adopted:
Whereas since the me citing ofihe Stockhold
ers orthe Hillsborough and Cincinnati Raroa
company on tho goth day of October, A. d
[ 1858 Mt Hilsborough, satisfactory report o
] the affairs and finances Of said Company ha
; tecn published by the President, in purSuanc
cfa resolution edopted by said meeting; AN
S WHEREAS, from Sadreport it is manifest tina
i further large additional subscription OF Stoc
is necessary for the successful prosecution an
completion OF the enterprise intended 10 con
meet Cincinnati and Baltimore by Railway
Therefore,
RrsoLyED. list, That as the General ASSembl
ofthe State of Ohio has granted to the people {
the counties through which said Railway passes
by most liberal charter, the privilege and rgh
to improve the value Of their property and to ad
vance all their social and moral interests by tn
construction Of such Railway; anu as Inc peopl
of said counties have avaied themselves of sue
Z privilege, and have progressed with remarkabl
success with said enterprise, IN view of all tn
difficulties which have sprung up by compe
a ttlun, we therefore hereby de clare that all at
tcmptS by any combination Of persons, or othe
corporations to defeat or hinder the completio
{ of The entire line OF said Railway from Iincinna
to Parkersburgh, is unwarrantable, and that W
; will not submit 10 any abridgement of our char
tered rights, until the people on the line h9v
Signfcd, by inaction, that they have abandone
It,
REsoLv D, Cd, That we are much encourage
by the liberal subscriptions of stock that hav
been made IN this month, aud thai some furthe
t reasonable time Should be granted by our Boar
oil Directors for the procurement OF further sub
ScrptiOnS, before any arrangement or contract {
p any kind is made Identifying our interest
we hereby respectfully request such furthe
! time.
RESOLVED, Sd, That in our opinion an immedi
ate effort should be made to procure an additions
subscription Of stock, TO the amount Of one mil
ion and three hundred thonSand dollars, so tina
our stock basis should amount tc the sum of tw
million and five hundred thousand dollars, an
that OF this new STOCK, the cillzenS Ut the count
] Vi Highland should subscribe Two hundred an
r fifty thousand dollars, and the citizens Of tn
counties Uf Pike, Jat kSon, MelgS and Vlnton
] should subscribe four hundred aud fifty thouSan
q dollars, to be apporlioned among them in proper
non to their several populations and The aSSeSSe
j value of the property vi each vi said counties
= aud that the citizens o! the clues OF Cincinnati
and Ball more should each subscribe three hun
i drcd and twenty. five thousand dollars, and tina
as an earnest oI our solemn belief that such sub
ScrptionS can be procured, we hereb! piedg
] ourselves that the citizens OF this county WI
f subscribe forthwith the two hundred and hlt
thousand dollars allOlteI to them, and Sho u.
4 they iail in any part, this meeting hereby pedgt
= all the persons present TO make up any dehcen
cy.
e REsoL WE'D, 4th, That so soon as the amour
n specified III the above resolution is secure
in Highland county, that then we appeal 10 I'll
: other counties for their respective subscriptions
p and that when such subscriptions are mad
IN the counties that then we appoint con
! lntleeS and appeal 10 the cltl2enS Ul Clnclnna
>. and Baltimore lUr the Subscriptions solicited
them.
j. RnoLvED, 9th, that we unbeSiatlngly belie'
\, that the interests wealth and patriotism Oi Il
several communities referred tO III the above rest
Z utunS, will afford the total subscription
:. stock designated and that, wllh such suDScrptlu