Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1855-04-04
baltimore and Ohio Misunderstanding Of
L-.-- thesstookholders.

e In pursuance Of previous notice, the individual
Stockholders Of tho Baltimore and Ohio Railroad
assembled al 10 o'clock this morning Of The Office
of The Company, Hanover street, 10 consider fol
themselves the subject d the proposed sale by The
city OF Baltimore Of lis interest OF stock In that
great work OF internal improvement.
On motion Of Vim. George Baker, Wesley Star,
was called 10 tue chair, and George Bartlett alI'
pointed secretary.
Cornelius Mclean read 10 The meeting copy Of
The resolutions passed, by The City Council, up,n
thu subject few days since,
On motion OF MI. Mclean, committee Of sey.
en- was sppCinttl 10 lake Into consideration the
resolutions Just tead and 10 tep.it business TOT The
aellon Of the meeting.
The chair appointed The following gentlemen
Cornelius Mclean, Joseph ". Pattenon, d.. John
Buekier W. Reynolds, Miles N. White, s. W.
Smith, and J. S, Doanel,
Tic committee retired and In few minutes re.
tutngd and submitted the following preamble and
resolutions, Though Their chairman, Mr. McLeaH
Whereas, a resolution has been passed liy The
Mayor and city Councllof Balttmoie, ami address.
ell 10 The President and Ditectois oil The RAltlmnre
and Ohio RailtOad Company, The purpose Of which
Il tO ascertain OH what terms the said company or
Il, Stockholders would bs willing 10 purchase the
entire interest Of this city In scid road, aud,
WhtTeas, this MT etins las been called for the
purpose OF aScenaining lie views Of said stock
holders In order that tlelt representatives In said
road may be prepared " conform ~ their wishes
IN this beLalij itefefOte,
K, solrtd, That Tho Stakeholder Directors In
tke BALTIMORE and Ohio RAILROAD company, br, and
they ats hereby authorized aud empowered, 10 vote
fuf purchasing the stock OF The city oil Ballmote,
IN tue Baltiluire and Ohio Railroad company for
an annuity 10 he paid semi,annually, equivalent
IL LIE SUN 0i four per cent, upon the par value Of
het stock IN said cpNpu0y, tie said CITY IN the
event VI let acct ntanCe OIL said olEet, 10 withdraw
het difcetOfs, with the privilege VI teilisiaine The
same, should said annuity be at any time ontsand'
INK Tor a period Of sixty Jays $50 duys,l but not
oil efwise4SAil annuity " Ie given 10 Iun ION
the petrol OF sd directors.
Aud be Il luther resolved, that In the event Of
Tie refusai Of The City Council 10 The above pro.
position, The private stockholders now represented
in this meeting aStee 10 sell 10 The city, on lie
tane tetns, ard 10 withdraw tlet Directors on tg
cousumaltUn Of the Arrangement, u, and when re'
queStul by tie city ~ ~ DO; and that The stock
hnIi directors he Instructed 10 negotiate accofd'
iuyy.
ut. Mclean then addressed Tue meeting Of
khsh, in favor or lhe p1Ssage Of tie resolution, IN
VII eli tie sci forth statistical iacls showing clearly
that the inteieslsof The city would be advanced by
Tie proposed arrangement, and that lie private
stockholders would aci wisely In adopting H. Ills
speech was prepared with great care Ond ability,
unl was listened 10 with matked attention,
George Il. vickcrs, Esq, next addeSsea The
meeting, In opposition 10 tile resolution regarding
The proposition as ot lavofable 10 the interests ol
The SlUck hOlletS.