Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1856-04-19
From the Baltimore sun.
NORTHERN CENTRAL RAILWAY CON-
rANY

pANY.
The general meeting OF the stockholders Of
thls company took place at the Calvert Sta
tion on Saturday, when William y. Mayhem
was called 10 preside. and r. S, Hollins APP
pointed secretary. The meeting was called
under the charter for the purpose OF elect
ing twelve directors, and also to take action
OH some other important matter, which it
was designed to bring before them. Among
THESE were the acceptance OF an act supple
mental to the charter of the company passed
by the Legislature of Pennsylvania at its pre-
sent session, which authorizes the company
to dispose Of its bonds for less than par, and
also TO make special contracts for the use Of
their machinery and cars on the line Of other
roads with which the connect. and TO make
special contracts with other companies Tor
transportation, and with manufactures on
their line and on tho line of roads with which
the connect for the transportation Of coal,
stone lime iron ore and lumber. On motion
therefore, of II. NJ. Magraw, seconded by
Gen. Packer, the following resolutions were
unanimously adopted
ReSoiued, That the act Of General Assem-
bly, OF the Commonwealth of Pennsylvania
entitled IAN act supplemental to an act in-
| cooperating The Northern Central Railway
Company" passed ut the present session, and
approved the 25th March, 1856, be and the
same is hereby accepted by the stockholders
10 general meeting assembled.
! Resd That the Secretary Of the Company
deposit in the Office of the Secretary Of the
Commonwealth Of Pennsylvania certified
copy OF the said acceptance, in accordance
with second section of said net.
Another matter which it was desired that
the stockholders should take some action up
on was that of lthe policy of the company
with regard TO tolls, in reference to which tn,
following resolution offered by Mr.. Magrav
and seconded by Gen. Packer, was also unau
! imously adopted:
Resolred, That ,the stockholders Of tn,
company huye received the annual report o
the directors Of the proceedings Of the yea
with satisfaction; that they cordially approve
of the policy which has been adopted by tn,
Board as eminently conducive to the prosper
itv Of the company that they are fully o
opinion that charges for tolls of transporta
ton have hitherto been altogether too iOtr
and required to be raised to standard adop
ted to the fair remuneration of the compan
for the work it performs That they are con
vinced that erroneous notions upon the sub
iect Of tolls have been prevalent throughou
the country, and the general opinion amongs
intelligent managers Of railroads now is in re
cognition of the absolute necessity for seal
ofincreased rates that the stockholders hav
learned with pleasure that the Legislature {
Pennsylvania and Maryland have successive
ly, upon full investigation and reflection, con
Cured with the directors Of this company il
the propriety OF the changes, by refusing I
rmbarrass u policy which has already prodr
ced the most striking and useful results, bot
to the public interest and to the company.
Mr.. Magraw in the absence of the pres
dent, addressed the meeting. stating that th
committee appointed by the board of diret
tors in pursuance Of resolution. has consl
mated contract with capitalists Of Ne
York, interested il the Trevprton Coal an
, Railroad Company !or the transportation (
their Goals from that company's large estai
to Canton, on most advantageous terms
the company, anl that IN consideration
this arrangement these parties had advance
money sufficient to build that section Of IL
road between Treverton Bridge and Miller
burg-by this there remains only money
be raised to build the upper section, less tha
10 miles, which will complete the road (wit
the exception OF the bridge over the Susqu'
hanna) from Harrisburg TO Sunbury.
The stockholders then went into the ele
tion Of directors, with William Bose, ESQ
Hon. A. Kennedy aud Gen. Wartori
tellers. e
Elec,ea-w. f. Meyhew, 3O,67S; Zen,
Barnum, 30S72 Lloyd \. Rogers 30,7It
William L. Packer, 30,sIs; r. NJ. Magra
, 3ol26: W \. Keighlcr, 3O,877 Jno llei
3o,87S; Eli Lewis 3e,s7S Simon Camera
1896 Francis white, 1896; ". u. NJ
Ter, 1896 w. II. Bruno. 1876.
Not Electe0-John Hough, l2,0S2; NJ
chael Herr, l2,0S2 James Frazier, ll.43t
Lewellin Barry, l2OS2; Thomas Whitridg
1872; j. II. Lucket lGG.
!, The old board is elected with the exceptiC
! Of Michael Herr, Esq, and vacancy caus'
by John Hopkins, Esq, who declined n I
election. MesSrs. W. H. Bruno and ".
!. | Miller supnlY their nlaceS