Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-04-15
LOCAL AFFAIRS.


DASviLLr R r. CoArAsr.-Ths sockholders Of this Com
pany yesterday morning at 10 O'clock pursuant to adj
journment tho evening previous.
Col TONNES, of Danvile, from the committee Of thir-
teen, appointed to consider tho report Of tho Prcaden
pro sem., submitted the following:
| Tho committee to whom referred the report OF tho
President Of the Richmond and Danvio Railroad Com
pany, have had tho under consideration and beg
leave respectfully to make the following report:
Iu tho inquiry made by the President, that inconve-
niece had been experienced 10 the mode Of appointing
successor TO ill vacancy In the Office Of President by
Board OF Drecor and the proprlety Of selecting differ
ent mode by bylaw OF this company, your committee
OF opion that present mode Of selecting success
by Board of Directors Is regulated by the laws Of
tho land, and that any mode OF sppoiument
with Il would be invalid and that modification pre-
sent mode can alone be made by the legislature Of yir
gina.
On the subject Of tolls your committee arc OF opinion
that proper subject for the consideration Of the Board
OF Directors They should adopt proper tariff and re-
visc tho from time time, they NAV deem cxpe
dent; that the Stockholders body could not DO so
accurately informed this subject the Board Of Drec
tors and any Interference of the Stockholders would In
great degree, the responsibility OF tho Directors
and greatly protraet the deliberations OF body designed
by law to assemble not more than In q year. your
committee therefore think this subject of tools should be
regulated alone by the Directors and that they should
adopt such measures would for the road tho
vel and tonnage OF the country through which IL
and give the Company reasona 10 and lust compensa.
| ton by way Of tolls.
Your committee with the President In tho opn.
TO Cause preliminary surveys be made at convenient
time. through the counties Of Ptsylvana Henry aud
Patrick, a. proposed by resolution adopted the last
annual meeting Tor branch Of this road from of
Danvilc.
Your committee likewise concur with the President In
inc opinion that IL s expedent to appoint committee
confer with the citizens OF North Carolina subject
OF connexon Of this road from Danve to the Central
Road OF that State, and to memorable the Legislature OF
North Carolina ON that subject that the President and
Of this Company shoud be charged with the du
OF carrying out this application at such time aud 10
such manner as they deem proper.
Nj. Lewis f. Harvey Of Amelia opposed tho general
scope aud tenor Of the Presidents report He avowed
himself in favor of striking largo dividends as possble
aud to that end advocated tho laying Of small toll
upon the track.
After some discussion upon the report,
Mr. j. b. Stovall offered the following resolution which
agreed to:
That the report OF the Committee be recommitted to
them with instructions take into consideration state
nent OF the President of the financial condition Of the
Company, aud make report OF the same and OF the
amount necessary to complete the road to Danvie as
well the probable time t will take to reach that place
with the work.
The following resolution then offered by A. F. D.
Clifford Of Chesterfield, aud adopted:
Resolved-That a committee of five be appointed N
take into consideration most approximate mode or
pressing the seuse OF the Stockholders as to the
10 loss sustained by the Company in the death of W. p
Iunstal Esq, the late President.
The following Committee was appointed under tho res
olu'on A F. d. Clifford, Siml. s. Bryant, Dr. Crashead
DR.. Mills aud /. r. Watkins
Dr. Atkinson, from the Committee appointed to examine
into the powers of the Stockholders fill vacancies &C.
curing in the Board Of Directors in the interval be.
tween the regular meetings Of the Stockholders submit
ed the following report which, after stating that they
had mads an examination into the several statutes
bearing upon the subject goes to say-that by the
section Of the general law regulating the proceedings
aud prescribing the duties Of chartered COMPANIES tho
annual election Of Directors confined to the Sockbod
ers with the power Of removing any Director and filling
vacancy oecasoned by such removal In no other
does allow others than the Stockholders to fill the va
cancy except when the number OF Directors is reduced
below the number necessary hold the meetings Of the
Board whilst the Directors expressly empowered to
fill any vacancy which may in the office OF Director
otherwise than by removal.
There being vacancy by removal and the number OF
Directors not being below tho number necessary to no
meeting, the Committee OF opinion that the POI yer
to Ill any vacancy which may have occurred in the office
any Director appointed by the Stockholders belongs
the Board of Directors and not to that meeting.
After long discussion whether the report should
adopted and the law relating to the power of the
Stockholders in the premises
Geo n. Johnson Esq, offered tho following resolution
That the report of the Committee be rejected and that
the Stockholders proceed fill the vacancy in the Board
| of Directors.
Mr.. John NJ. Gregory moved that the question be dvi-
ded and separate taken upon the part relating
the rejection oft constituting distinct subject for the ac-
tou Of the meeting.
| The motion being agreed to- he moved an amendment
the latter part Of the resolution commencing after the
word rejected" foows-"aul tina, the election Of Di.
rector be referred to the Board OF Directors"
The question this amendment, taken by a scale
vote and decided-ayes sos, noes 1860.
| SO the amendment rejected.
The question then REQUIRED the original resolution Of
fered by Mr. Johnson.
Before taken upon it the meeting adjourned
I until o'clock in the evening
EVENING SESSION.
Inc Char announced u' question before the meeting
to be the resolution offered by Mr. Johnson uoon which
separate be taken the FIRST part Of the 70.
oution, to The word "rejscted," constituting one branch
| to be acted upon
Mr. j. ~ Gregory moved the indefinite postponemcnt
Of the report and resolution, which not agreed
Tho question then taken the frat branch Of the
resolution, and decided in the Affirmative
The second branch ordering that the election of a Di
| rector be Immediately gone into, also adopted.
The chair having expressed his readiness receive any
nominations which may be made Tor the Office Of
Director.
DIR. Atkinson nominated Mr.. James Brown, Jr., Of
Richmond; Mr. Wood Boujin nominated A. r. d. Off
| ford, Esq
After considerable time occupied in tho delivery Of
gies upon the abilities Of the candidates by their espec-
tive friends the vote a, length taken with tho FOL
lowing results Brown, 1891; Clifford, lO46; soAr Brown
was declared duly elected.
Mr. J. II. Watkins, from the committee Of Eve, APP
pointed to consider aud report the suitable
in which the stockholders would attest their sense Of the
great services rendered by the late resident W. r. Tuu.
STALL 10 tho company, aud the high appreciation OF him
10 all other relations Of life submit report highly euo.
gse Of the services aud character Of Mr. Tunst and
recommended the adoption Of the following resoutiops
Resolyed-That 81 900 be appropriated the funds
OF this Company, to be held subject the order the
Monumental Committee their agent who may be appon