Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1854-02-18
THE LATEST.
sUNnUny AND ERIE RAILROAD.

The annual meeting OF the stockholders
OF This company was held in the Office, south
Third street, yesterday morning Chris,o-
pher Fallon Esq, ex.P,esjLent Of the compa-
ny, was called to the Chair, and Mr., p NJ.
Price appointed Secretary.
Mr.. c. A. Walborn referred 10 the allusion
in the report TO certain recent subscriptions,
and desired to know by whom those subscrip-
,ons made, and what amount had been sub
! scribed.
The Chairman stated that he had learned
subscriptions had been made in New York,
Boston, and in this city, TO the amount OF
nearly 81 600 900, and called on the Presi-
dent of the Company 10 give the Information
requested.
Mr.. Cooper, the President, said that a sub
scriptor of 100000 had been made by
Messrs. Chouteau, Sandlori & Co., of New
York; s8Oo,ooO by Mr.. Edward Crane, of
Boston; $50, 900 by Mr. Goodwin, President
of the Trust aud Insurance Company, of
Hartford, Connecticut; and $4,000 by Mr..
Joel White, the President OF the Norwich
and Worcester Railroad Company. These
parties he presented as being abundantly able
TO comply with their heavy engagements,
and felt assured The Company could congra,-
ulaie itself upon the aid thus furnished The
checks OF Messrs. Chouteau, Sandord s, Co
and Mr.. Crane, had already been drawn for
the respective amounts, that of MIR. Crane
being now in the Bank of Commerce, at the
,, disposal Of The Company.
The subscriptions in the city, he said, he
did not know the exact amount Of. The frs,
evening TIE committee on subscriptions con.
vened nine Of the gentlemen subscribed
100000 or pledged themselves for that sum
: This amount had been materially increased
and he supposed would reach, within the cit,
; limits, upwards of 100000. MIR. JOIN
Tucker, he said had procured subscription
OF S25OOO0 from The District Of Richmon,
since The election Of the present Board o
> Managers. He did not know whether lh
, amount subscribed by that District would b.
y received as part of the sum reqnired 10 pro
cure the ciiy's subscription, but he presume,
+" it would. AT all events he was now prepar
ed TO ask the city for 81 ,OOO, 900, and in
few days hoped TO be enabled to ask for III
= second million.
- MIR. Walborn stated that his object in ask
. ing the information was for the benefit q
" publicity.
y. Mr.. D. X, Jackman offered the folowin
% resolution which passed unanimously:
- Resolved, That the Board of Manages
should as early as possible, apply the none
that may be at their command to the pa,
, ment of what may be due TO Messrs G. B
W, G Morehead, in lieu of the bonds of III
= Company, so as to determine at an early da
- the lease of the Caltawissa, WilIiamsport an
:, EImira Railroad Company.
The amount of The Bonds held by the.
gentlemen is S297, ,000-a savn. 10 the Con
=, pany, if paid in funds Of $50, 6iO-the
agreeing 10 make discount Of ~ per cent
, The following resolutions were adopted :
Resolved, That The act Of Assembly ent
= tied an act in relation 10 the Sunbury al
- Erie Railroad Company, approved the 18th
= April, 1853, be accepted by The Company.
Resolved, That The capital stock of lh
Company be increased two millions Of do
ars, in addition to six millions already auth
! TiZed.
Resolved, That when this meeting a
Iourns, ii adjourn TO meet again in at the {
iiee Of The Company, in the city o' Philadt
phia, on The lsl day of April, at 10 o'coc
A. M.-Ledger iith inst.
ha