The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1855-06-09
PLANK ROAD MEETING

TLhNA RUAD WEEIlNG.
At meeting of the Stockholders of the
Elkton, Andora and Lewisville Plank Roads
Company. held at Cherry Hill on Monday,
June 4th, 1855, james McCauley Esq. was
called to the Chair, and +. q. Parke appoint
ed Secretary.
he Report Of the Board of Managers be-
e'alled for. was read by the Secretary,
accepted and ordered to be published in the
Elkton papers.
REPORT
Of tho Managers of the EIkton, Andora and
Lewisvilic Plank Company 10 the Stockholders, at
an annual meeting held at Cherry Hill on tho 4th
day of June, 1881:
The Managers would respectfully report, that
the miles OF the road referred to in our last an
nual report, as being constructed by the Company,
were gradel the lumber for the same not being
delivered in time, the Managers were driven to the
necessity OF grading third mile or discharge their
wofkmen knowing the time and trouble attend
ing the collecting of workmcn; after being once
separated, they resolved to grade the third mile,
which was accordingly done; and after considerable
time had elapsed. Lumber procured sufficient to
complete the miles. During this time tho mile
ana quarter at the upper end of the road was
graded ditchel and culvcrted.
1t was now plainly discernable, that owing to the
difficulty OF obtaining material in season, and the
lack OF means at the disposal Of the managers (oc-
casloned by want OF prom tness. the part of
stockhohlcfs III paying The instruments stock
they were advertised for) they could not carry out
their original design, referred to in the last an
nnal report nancy to build Ivy contract four ad-
ditona miles of read They therefore conferred
with the contractors, and it was amicaby agreed
upon to construct additional mile of said road on
the same terms as per original contract, which has
been done. making in all four milas of road COM
pleted and being travelled over. For further par
uealars we would refer to the report published in
Elkton papers, March 10TH 1856
The tolls taken prior to Jan 20,
%. rs per our published report,
amounted in the aggregate to $23O47
Since then and up to May 18th. the
tolls reed and to be collected
amount to $780,
Making total of tolls for months
,,, of solo rs
The treasurer has paid interest to
sundry stockholders to amt of 1I467
For repairs Of tho road 5000
There is due VIM. Knots gate
keeper, Z months salary, ut
Sl2 30 per month, $3.50
His claim for wood while the house
was unfinished 1900
NJ akinE in all 2J5.l7
Which deducted from amount OF
tolls leaves II balance of 1851
VI this omount there is still due to
stockholders for interest up to
Jan. 10th 1855 Sl1773
There has been shares of stock sold since our
published report, realizing 1925, which amount has
been applied towarns liquidating our liabilities.
company,
they can at present be aseertancd will not greatly
exceed $500 And there remains to be paid in on
acct OF stock some S3un2 Oh. But much of this bal
ancc acct of stock fear is not available and We
would therefore urge upon the stockholders that
the adopt some promp measures to relieve the COM
pany from its embarrassment. The managers have
cndeavorcd to sell stock burt without avail; they
have recei' ed in reply to their solicitations for
subscriptions-"We will take stock after a while,
we think the road n great public good safe invest
Mt Il bp I'm ete hare
say, I'VE will take stock. bnt the money must be
expend ID on this and that par, OF the road. While
others say, I'VE intend to take stock but we will
wait till We see prospect OF its being completed,
before We subscribe
Some stockholders have promised to increase
their subscriptions if there is prospect of compct-
ing the road. The managers under those circum-
stances did not feel at liberty TO incur the response
bility of running the company further into debt
and preferred to stop operations although advised
and urged to go ON until moro stock could be sold.
The managers were offered lumber for an addition
al mile (at u fur price, TO be p'id for in stock,
but had to decline the offer because the amount
qnircd 10 grade the road and lay tho plank ($SO0.)
could not be raised We have no doubt the whole
road could be completed this summer, provided the
means can be obtained
If the stockholders de, m it advisable to attempt
TO complete the whole ro,d or any part thereof the
managers would respectfully suggest that they fix
on definite part thereof and take subscriptions
condltionai'y to finish srch part. The said sub
seriptions not to be binding and no money paid in
until sufficient amount has been subscribed to
finish said part, and meeting of said subscribers.
or majority thereof has been called to ratfy and
confirm said subscriptions by order of the Board
JOS. MILLER, Pre't.
After the reading of the Report the Stock
holders proceeded to an election, by ballot,
for Nine Managers to serve for the ensuing
year. The following persons having received
majority OF the votes cast, We're declared
duly elected:
NICHOLAS HISS, ANDREW McINTIRE,
!. D. CARTER, Jos. RICHARDSON,
j. l.. GATCnEI, VIM FoY,
{. c. BRoKAw, JAMES MCCAULEY.
DAVID SCOTT, Of .Jno
There being no further business before the
Stockholders they adjourned sine die.
JAS. McCAULEY, Pres.
f. G. PARKE, Sect.
0ITThe Managers elect are requested to
meet at Cherry Hill, on Monday. june llth,
at 2 o'clock, for the purpose of organizing.