The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1854-01-06
STOCKHOLDERS CONVENTION.

| olOSNIlOLDEnS WV L!N AO''
At the annual Convention Of Stockholders
of the East Tennessee and Georgia Railroad
Company, held ut the Office in Athens, on
Monday, the I'd day of January, 1854, on
motion, WILLIAM GRANT, Esq, of Bradley
county, was called to the Chair, and J. A..
CorrIy, of Monroe, and WV. $. CALLAwAY,
of Mc,linn, were appointed Secretaries
The annual Reports of the President, En-.
ginecr and Trcasnrcr,wcre submitted, received
and one Thousand copies ordered to be pub
Ishcd in p phleeform.
On notion the Presidents report was re-
ferred to committee, consisting Of the fol-
lowing gentlemen, to wit: A. G. Jackson,
D. w. Ba!ew and J. r. Howard, with in
structons to report, who submitted the fol-
lowing:
The Stockholders Of the Els. Tennessee
and Georgia Railroad have heard with much
pleasure the annual Report of tho President
of the Company, and rejoice to see that the
general condition of the Company is so
rapidly improving, and that the prospects are
so bright for an early remuneration upon
their Investment. The earnings of the road
for the fiscal year just closed are highly
satisfactory, and present m earnest that the
predictions of the President as to the future
profits of the Company will be more than
realized. The stockholders now begin to
view their stock us an admirable Investment
Of capital and congratulate themselves and
the State that dividends for 50 many years
deferred, will ut length soon be realized, and
that the amount they have invested. which
they have 80 hong considered in tho light OF
a mere donation for tho public benefit, has
ut length assumed the character of property,
and in future may be regarded rs source OF
profit.
The stockholders appreciate fully the sng'
ccstions of the President in reference to the
claim of the Company upon the justice OF the
State Of Georgia in the matter OF the Union
Branch Railroad, and upon her lltcra!lty III
the adjustment Of n fair tariff Of charges upon
her great State work, so rs not to discrln-
nate to the injury Of our interests and III Ia
yor of the terminus Of her road, when such
discrimination is not source OF profit to
herself. They feel, also, that protection Is
due from the State of Tennessee TO that p0r-
ton of the Georgia road which lies within
her limits, and that our Legislature should
at its present session take sl,chaction rs may
prevent in future unjust annoyanccs to the
State of Georgia in the matter OF! their road,
in Whatever way they may present them
selves, or to the citizens Of Georgia while N
the rcacciul discharge of their duties as oili
cia!s of said road. And it is equally to be
hoped that the Legislature of Georgia WI!
adopt similar measures in reference to onr
road lying within her limits, and to our agents
whose business confines them within the ter
ritoiy and Jurisdiction Of the State OF Geor-
gin.
Res0lred Therefore, that our acknowledge.
mcnts are due to the retiring Board for their
efficient management of the road during the
past Year, and hereby assent to the sngges.
tons of the President that dividends shall
hereafter be declared annually to the
shareholders.
Resolrea, Tha: it will meet the hearty con.
currcncc Of the Stockholders should the Pres
ident adopt such measures rs he may deem
most cXpcdicnt, to bring to u settlement the
claim of our Company against Georgia ~ to
the Union Branch Railroad, and 10 accot.-
plish a satisfactory rate Of freight charges,
50 that our roa! may be placed upon an
cQual footing with other means OF transport
talon connecting with the Western d Allan
tic Road.
Resolred, That the Legislatures Of Georgia
and Tennessee be requested to pass laNs
which will prevent I'M nst annoyance in every
share to each road under their jurisdiction;
that the working OF the two roads may be
done tremendously, and that unnecessary
stiff, may not be cngcndcred between citizens
of the respective States.
On motion Of 7. J. Campbell, Esq,
Resolrcd, That in the event the present
Legislature pass law authorizing the East
Tennessee aud Georgia Railroad Company
to change the time Of their annual C"nvcn-
ton, we hereby accept such law, and agree
to receive the same us part Of the charter
and laws of sid Company.
The Convention then adjourned.
WILLIAM GRANT, Chairman.
J. A. COFFIN, S,,.,,;,.
w. $. CALLAwAY,