Hannibal journal. (Hannibal, Mo.) 1852-1853, 1853-08-04
PROCEEDINGS oF THE BOARD OF DIRECTORS


meeting Of che RVeesOss h shis city, we're tn
following preamble and resolution, introduces
lby Mr.. Lakenan:
WHEREAS, Fears ere entertained by sorAs OF th'
Stockholders in the Hannibal end st. Josspl
Railroad, and many Of its friends feel slsFmsC
lest the Board Of Directors should permit
certificates Of steck 10 be issued 10 the con.
tractors, for larger amount than ten per cent
on each msnthly estimate, Is stipulated in tn,
contract, and thereby give to the contractor,
the control Of the Directory, end consequent
ly the control Of the read, therefore
ResoiUed, That the present Beard Of Director,
have not only no such intention, but weuld Ye
gard such a course Of proceeding fis9rant out.
rage upon the rights Of the ether stockholders
detrimental il not fatal to the Board, as we'll 81
injurious TO the whole country along The TOuts.
Mr.. Stewart introduced the following substi.
ltute:
WHEREAS, This Board Of Directors, nor any
member Of it ever entertained the design Of
giving the control Of the Hannibal and ST. Jo-
seph Railroad 10 the contractors, and all their
acts upon the record prove the reverse TO be
true, and whereas, such transfer of power by
tho Board of Directors TO the contractors
could never be done without Justly marking
themselves with the brand Of infany, therefore
Resolved, That in the opinion Of this Board
all charges or insinuations in circulation, TO the
effect that the Directors entertain the design OF
giving the control of said road TO the contract
ors, is untrue in point Of fact, and ought not 10
be countenanced.
| The resolution was adopted.
Ayes, Stewart, Corby, Talbot, Thompson,
Bowling, Graves. Noes, Lakenan and Short
| ridge.
Mr., Lakenan proposed the following amend
ment:
| Nor will this Board permit the contractors to
subscribe any more stock than the ten per cent.
on the monthly estimates, as stipulated in the
contract.
The amendment was lost for want of second.
Mr.. Lakenan introduced the following pre-
nmble and resolution:
| WHEREAS, To the county and city subscriptions
of stock to the Hannibal and st. Joseph Rail-
road, the company is mainly indebted for its
original organizations and present position, as
well as the means necessary TO prosecute the
surveys, with a view 10 a location Of the road,
and whereas, at the time OF such subscriptions,
agreements were made by the company,
through its authorized agents, with the coun-
ties and cities so subscribing, by the terms Of
| which, county and city bonds were TO be re-
ceived in lieu Of money, If the counties and
cities preferred, as the calls were made upon
the stock by them subscribed, and whereas,
there being doubts in the minds Of some, as
TO the legality of such county and city sub
scriptons, the Legislature, at its late session,
passed an act binding such counties snd cities,
by their respective subscriptions, as should
thereafter assent to the same, therefors
DoooJ,oJ That The IL ho,tnH hxa
cry consideration of justice and honor, as well
as law, to carry out in good faith all agreements
made with counties and cities holding stock in
the Hannibal and St. Joseph Railroad by the
terms Of which agreement, county and city
bonds were to be received in lieu of money, as
calls were made upon the capital stock, upon
such counties and cities asserting 10 be bound
by their respective subscriptions, as provided by
an act Of the Legislature at its late session, in
reference thereto.
Col. Stewart introduced the following substi-
tute.
WHEREAS, The Board Of Directors, nor any
OF its members have ever entertained an inten-
ton 20 violate any contract made by the said
company, with the several county courts along
the line of said road, and Whereas said COM
pany could not refuse TO recognize said coun-
ty courts as stockholders in said road, upon
the terms agreed upon by the contracts Of the
said counties and the said Railroad company,
without violation Of the Constitution, and
whereas, IN the opinion Of this Board all the
panic that has been raised along the line OF the
said road has been created by designing indi-
viduals, with the view Of injuring the repu-
tatien Of the said Railroad company, therefore
Resolved, That this company will comply with
all its lawful contracts with COUNTY courts and
others, the declarations Of all designing persons
TO the contrary notwithstanding.
Tie substitute was adopted.
Ayes, Stewart, COrby, Talbot, Thompson,
Bowling and Graves. No, LskeAan.
B1LTIMoRE, July 81, 1853.
The Medical and Chirurgical Faculty OF
MARYLAND have issued an edict against all secret
or quack medicines, and against all apothecaries
who will not cease siIeriAg the same for sale.
There seems TO be no doubt of the fact that
the cholera 10 raging in the western part Of
MARYLAND, with considerable fatality. There
has already been frty-fye deaths In the little
town of Williamsport, and it is now spreading
in the cotntry around. II has also broken out
At Emmittsburg, where there were six deaths h
Friday and Saturday last and there have also
been some deaths at Mechanicsburg, in Fred
erick county.
CRYsrAL PALAcE-The number Of visitors
on Saturday was about 5000, exclusive OF ex-
Ihibitors. About 1000 tickets were sold, and
., COO Ysoeived at the doors. The Beard of Di-
rectors have it in contemplation, it is said,
to issue five dollar season tickets, to run
sixty days, and to extend 70 the ten dollar tick
ct the right Of admitting lady with the gentle
man owning it. Such an arrangement would in
crease the number Of visitors.-LN Y. Evening
Post.