Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1858-09-09

PORT TOBACCO, Ms THU
rary body, Instituted for temporary purposes.
It's powers only went to a limited extent, and
wonld determine upon the organization OF the
company ITSELF 49,
= Judge BARKER observed that he had not in
tended to submit any proposition in the pre-
misses as, personally he did not think the rate
Iof per centage too great:
The order as amended was unanimously
adopted.
Col. Bow1E said it would be necessary for the
Board, under the charter, formally to authorize
/ an opening and exhibition Of the subscription
8 books; and he therefore submitted the following
order in that behalf.
ssOrdered, That books for the subscription to the
capital stock of this Company be now opened under
{ that they remain open from day to day until the
4 sum required. by the amended charter for the orr
ganization of the Company, more be obtained.
Which was adopted. s -
The same gentleman also submitted the follow
ing order:
seOrdered, That the agent have power to receive
subscriptions to the stock, to be paid in materials
labor, provided the cash instament on each share
, so subscribed be paid as required by law"
), He thought the plan involved in this PROPOSE
tion-of great importance to the success of the en-
fterprize, and carried along with it convincing
reasons WHY the principle it contained should
receive an early recognition. ks
Gen. BOWIE thought that the adoption OF any
such order would be premature It was not
clear that, as Commissioners, they had authority
). to make any such arrangement, which would
rather fall within the proper duty Of the Com
tpany ITSELF He had no doubt, however, that the
8 Company, when formed would be entirely will
ling, to the utmost extent possible, to receive pay
1ment for stock subscription in the shape Of MAJ
terials or labor, in every instance in which such
an arrangement would be feasible; and it would
thus greatly forward the progress and populari-
$ ty of the enterprise. But such action must be
left for the Company
Col. BOWIE said he would withdraw the order,
as the proprety of its present consideration ap-
lpeared to be doubted being satisfied, for the
time, with having foreshadowed principle
which he hoped would be early acted on by the
4 Company when formed.
p The order was accordingly Withdrawn.
+ Col. THOMPSON, of Charles, suggested the ap-
4 |pointment of committee to confer with the
gentleman who: had been appointed agent, and
: to ascertain whether he would accept upon the
terms proposed. Which being agreed to, the
q CHAIR named Massss 3 aFHUMFszTSs
as the committee.
The committee, having retired for some time,
returned and reported that they had consulted
4 with Mr. ROBERT BOWIE, the agent elect, who
WAS contented with the terms proposed, so far as
lie allowance of 81 on each share obtained was
concerned; but he thought that the payment of.
the other three per cent, being postponed by the.
order until the "conpletion of the road" would
unreasonably delay his compensation. The COM
mittee said they were of the same opinion, mas
much as, under the arrangement adopted, Mr.
BoWIE's per centage could not be paid, even in
/ the event of the success Of the road until all
other claims had been liquidated which would
| be hardly fair towards one who would have been
instrumental in obtaining the subscriptions by
: which the road was to be built. They recon-
mended an alteration in this particular.
Judge BARKER then moved a reconsideration
of the order, above recited, appointing the Agent
and fixing his compensation; which being car
ried,
| The same gentleman moved to strike out the
concluding words of said order, ssto be paid on
| ly in the event of the completion Of the road," J"
and to insert in liew thereof the following: 'sto
/ be paid as the subscriptions to the capital stock
shall be paid in.'
This proposition having been. unanimously
adopted, Se
Col THOMPSON said the committee were now
authorized to state that Mr.. BOWIE accepted the
appointment of Agent of the Board of Commits
soners.
The, said order, after three successive modif-
fcations was adopted finally in the following
form:
ssOrdered, That ROBERT Bowie be appointed as
Agent to for, and receive subscriptions to-
the capital stock of this Company; and his compen-
aten shall be one dollar per share obtained by him.
to be paid out OF the cash nstaments of dollars
required by the charter to be paid at the time Of
subscriptions and the farther sum of three per cent
upon the whole amount Of subscriptions which he
may be instrumental in obtaining to be paid as the
subscriptions to the capital stock shall be paid in,'
The business Of the Board being thus conclr1-
lded, the meeting assumed more public and
general character, being attended by considera-
bic number of citizens, anxious to hear some ac-
lcount Of the progress and feasibility of the en-
lterprize Gen. BOWIE called the attention Of the
Chair to the fact of the presence of EDWIN ROBIN
ION, Esq, of Virginia, President of the Rich
mond and Fredericksburg Road, of which Aqua
Creek is the Potomac terminus. He remarked
that as that road would be the most important
connection of that proposed now to be construc-
Ted, and as considerable aid in the enterprise
was expected from that connection, the meeting
was doubtless anxious to hear Mr. RoB1NsoN's
views upon the subject.
The CHAIRMAN also gave expression to the
general desire of the people in that behalf, and
lcordially invited that gentleman to address the
meeting.
Mr. Robinson,s Remarks.
] Mr.. ROBINSON thereupon rose and was receiy-
ed with evident pleasure and satisfaction by the
audience. In expressing his warm acknowledge
ment for the fattering manner in which he had
been called forward he was yet disposed to regret
that that manner was calculated to beget expec-
tationss which he was conscious of his inability
to crafty It gave him very great pleasure to
be present, as a friend of the great enterprize
(which they had in view; but he was especially