Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1854-11-18

South side Railroad-Meeting OF Stockhoidefs
The annual meeting of the Stockholders of the
Souths side Railroad was held in Petersburg, on
Tuesday-Hon. Il. X. MEADE, presiding. The
papers Of that city state that the meeting was
large and enthusiastic.
We give the following synopsis Of the pro-
ceedngs of the body, derived from the southside
Democrat
After the transaction Of some unimportant
business and two or three addresses on the Fl.
naneial condition Of the road, Mr.. Meade. GRrv.
Minton Thrift in the chair) offered series Of
resolutions, the gist of which to allow the
President, and Directors of the Railroad Ia issue
bonds to the amount of s2oo00o to be disposed
of at the rate of SIS and he advocated his
measure in able address.
Thomas Wallace, esq. expressed himself un.
willing to afiix any specific rate. believing that If
capitalists should know that this the estimate
the sellers Of these bonds pat upon them. they
would be unwilling to take them, except at a
still further reduction. and at any rate tn sell
lers could not in any event realize more. lie.
therefore, proposed amendment, this reso-
luton.
Resolved. Tina, the President and Directors of
the Southside Railroad be, aud are hereby author
lied TO Issue bonds to the amount OF 500, oD in
sums Of not less than <l00 each, payable at such
times and places they may select, Ia ho exc
cuted and secured in the sIune manner the
bonds formerly issued by tlem.
He desired the President and Directors Ia b.
left wholly gntrsmmelcd as regards the price,
believing that they would do the best they could.
The question upon the amendment. which
carried, aud the original motion, amend
ed was then put TO the house aud carried,
Mr.. John Lyon, on behalf Of friend Of the
road, but not n ,tockholl,r. offered to subscribe
$4,000 to help meet the present peculiarly de
mands on the company if the balance Of 500,
600 could be raised by subscriptions.
Mr.. John T. Thornton Of FarmriIle seconded
the proposition by offering on behalf Of fipnd
$4,000 ia the Same end.
The following resolutions offered by Mr.. Meade
were adopted
Resolved, That committee Of three I've ap-
pointed To make thorough investigation mo tue
condition, financial and otherwise uf the State
to enquire into the future Ifo~prct> of the com.
pany, aud e-pecinllyin tn probable baarGt, il
may derive with IL connection with aud relations
to other Rajr@a,, within and without Virginia.
and said committee shall report IL th" Board at
Directors, sho shalt cause the same Ia W.. pull
hshed and copy hc delivered to- each s,oc kl.,Ll-
er and t. the Beard If Public Works
Resolved, That the presidcm and Directors
shall detIsy all the expenses at SID committee
and in ca,e they shall deem It neoo~sar, for aav
OF them t. visit any other Railroad lines or t.
leave home tr the purpose Of obtaining informa-
tion in relation Ia ther ntics. such compensation
shall be allowed H. Inc Raari Vt Dlrectar> STALL
deem fr"r'T, and hall previously agree 'n1py.
Hon. l. h Meade, /. g. Boath aud rtomu-
Wallace, we've anaHiar,asiy elected 10 carry uut
the ahor, rr-olptiun>
Mr.. J"ha LYON then offered the ioNux inv:
Reso'ee~t That ia case aa> vacancy hall oc-
cur IN sad o'inmittee. the E,.sr1 of nir~eiur.
shall BE- au,l,"rig,~l - til H.
Whca sE~ unanimously adopted,
The otsir'Ese ia pursuance Il artie,o L II
the by-iaA,, sl4-'jut,d The f,,t,rsir, committee.
J. f. i>rinop,- ciaTmau. y. l. MeIlaAinc,
Thomas i.canda. Napls,l e,rn>, "a ctaani0e
into the sFtiys n ,lr road.
The oIeciian Of officers was th,r proceeded
with and rcsaltsl =, tnlI"w>.
President Ts5d Nv PsuteK
Vice President Peter 3 Will. Esq
Directors. Peter H. Wills. and Le1Hpl
Peebiee. f-gs.
On mott N, m meeting adiolracd,