The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1853-12-16
Z O'clock. p NJ


The meeting then adjourned to M
| past o'cleck p. N. sA'n a. hasi-
o'clock, P. M.
The meeting convened at the appo;nt.5 -
proceeded to the transaction of business o1' @Ao
Mr.. Watkins offered the following resolution, IT.
thought it would be profitable the l;on,panv
TO reduce the rates Corn, persons in his neigb
borhood could not afford to send to market AZ fbe
present rates OF toll Wheat is now selling at dou
Die the prce of corn. Ii the toll was reduced to
hve cents he thought there would be least 20 Coo
bushels sent from the depot at whch he ships while
bushels:
Res lied. That the Stockholders instruct the Di-
ectors To reduce the freight half the price
OF that paid upon wheat on its carriage upon the
road.
MI Clifford thought it would be bad policy for the
otoekolders to interfere with the price of tolls The
SUBJECT is one that should be presented to the Bos,d
OF directors for action and he hoped the gentleman
would withdraw the resolution
Mr. Tunstall thought the subject sbon1d he rre
sehed TO the Directory. If the stockholders under
oOk 20 arrange the tariff of tolls the meeting would
Mr. l. z. Watkins was satisfied that there were
sood reasons tor the resolution though he was sur
30 learn that it had not been presented TO the
| DteCeofy de was for seeking redress there first
put 1t then failed the stockholders were the pro
per persons to apply to for redress He was farm
e. ana th0ught that the tariff should be reduced
SolA wss lishter by four pounds in the bushe and
ne could not see the fer charging the same for
G that as wheat Corn was the crop
the FARMER could make. Wheat the other hand
~ liable to fly, joint worm rust smut and other dis
eases, which render it very uncertain, and for that
reason it important tn the crop should he
ragged, as it will afford large revenue for the Com
pany.
Mr.. Clifford thought the reasons given by Mr.
WaFklns were the strongest that could be urged in
{ avor of wheat.
Col. Townes was in favor of referring the reso
Ia ton to the Directory. He thought articles should
be taxed according to value He therefore moved
tina it be referred to the Board of Directors which
was carried.
M. Palmer, from the committee to whom was
refer red an act ofthe North Carolina Legislature
begged leave to present the following as majority
report;
The Committee to whom was referred the
subject OF the construction of branch of the Rich
mond and Danvie railroad to the town of Milton
in North Carolina, respectfully report
That in the opinion of the Committee it is al this
time inesSpedlent to construct such branch; but
deening IL OF the highest importance to the inter-
ests of this company, that there should be a con
nection by railroad between the Richmond and
Danville road and the Central railroad of North
Carolina, they recommend that such connection be
made by an xtension Of the former road throurh
the State of Nerth Carolina by the most direct and
eligible route tt the earliest Practicable period
For this report, Mr.. Palmer Of North Carolina
ofere1a substitute, concluding with the following
resolution: Ha
Resolved, That the President and Directors be
and they are hereby instructed to apply to the pre
sent session OF the General Assembly OF Virginia
for an increase oftlae capital stock of the Richmond
and Danville railroad company, to an amount suf-
ficent to constructas1d equip the proposed branch
railroad from the 1ost eligible and convenient
point to the town of Milton, N c.. not exceeding
$4,000, TO be madetlp by individual and corpo.
rate subscriptions, or BY aid from the State as may
be deemed most expedi,ant
The substitute opp9sed with much warmth hv
Messrs. Townes, Watkins, Tunstail and others, ana
advocated by Mr.. PalIner.s
Col. Townes moved that she substitute be laid on
the tables and the question being put carried in
the affirmative #
The question then REQUIRED upon the report of the
Committee, and being put, vas carried in the arma-
tive. A
Mr.. d. w. Finney, from tf,e Committee of Ac.
counts report that the manner in which the books
and accounts of the Company kept are the best
that can be adopted, and the ormance of the du
ties of the Secretary and Treasu praise
tiny. They recommend the empl oynent of an As
sstapt the business of the Compan having increased
much to render the duties arduous to be ac-
curateIy performed by one man. -
The report unanimously adol ,ted-tbe Board
of Directors being instructed to xtIe salary of the
Assistant Secretary.
MI. l. r. Watkins, State Proxy pre- sented circu-
lar from the Board of Public Works requiring Ger.
| tain reports to be made to that body, which were
properly disposed of-the bylaws of he Company
already meeting the requstions of the Board.
Mr. Finney moved the increase of the aary of the
Secretary and Treasurer of the Company to S2e0e
and paid high eulogy to that officer b. zeal and
| assiduity in the discharge of his duties.
The motion prevailed with great unanimi,y..
Mr.. Tunstall offered the following rel solution
which was adopted unanimously Mr T "a vocated
the motion with much feeling and we are pleased
to say his views were heartily seconded b other
gentlemen:
Resotued That the President and Directors au-
thorized, on such time they may deem CONVEX ent,
nevolent Society of this city, hundred cord OF
rood for distribution among the poor. &
The election of officers was proceeded with, e1 I'd
w. P. TUNsTALL, Esq, unanimously electe d
President; and Messrs. CLIFFORD and MAURY Direc
tors the part of the Stockholders for the year.
A vote of thanks was given to the Chairman for
the able and dignifed manner in which be presided
over the assembage.
The meeting then adjourned.