Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1858-12-14
Tur pruuoxp AMI DANyILrR,.Lgo,pc..


i'm tho matter
Tur RlcuNoxD A>p DANyuLE K uLgoADCn-
The Stockholders continued their llth ANN,
meeting a, the Ballard House. in TN. ci;,
through the evening Of Wednesday AMI d,
Thursday forenoon and evening. - far. Ii.
ONLY matters worthy Of reference to. by u, q.
present are the following. which from pre-, o.,
other matter were omitted in our last issue
On motion of Mr " b. Hill. the iith bylaw
was so amended aS to increase the salary Of til
President from 5000 10 5000 per annum
On motion of pr Atkinson the increase o..
salary will commence from the l>t q! oc;ob,.
ISIS
The Stockholders thea elected the follow.
gentlemen unanimously:
President Lewis f.. liaryie.
Dircctor,-R q. lIaskins and Wan. Palmc.
Mr. Iaryic returned thanks Tor the rencwa
of confidence and made les. pertinent rcinaTl.
upon the workings and prosperity Of the Com
pany. assuring the Stockholders Of 4 speedy j..
yi,!.nd from their stock. il their means aye pr.
perry husbandcd.
Mr.. Giles offered the following rc>oluti..
which WAS adopted:
Resolved. That the thanks oithc S,ockhoiLrr.
are due. and are hereby rendered 10 their i.,.
director James Brown. Jr.. for the devotion 10
their interests, which he has always rYncel.
and for the industry and fidelity with which,,
,iutcS. IL their officer have been discharged
The report % the committee OF nine. pc.
>entci by the Chairman. Mr. Martin. on IT,
President report was taken up for consider.
ton and debate by the meeting. lhei"I,"wa,
preamble thereof and the first and second re>..
luiions were adopted
|. Whereas. The President and director.
no; dccmine /; prudent to do 81. have, AZ 90
time carried into ciftc; the resolutions adopted
bv the stockholders at their annual meeting.
held in the years l>j2 and lNj3. whici. c.a.
tr.nplatcd dividends OF the net profits Of 'r
Company heretofore announced: and the Stora
holders have aclucScrd in the course thus ,u..
sued by the Board Therefore.
Resolved. That the said resolutions are no,.
cratiyc and void.
=, Resolved. That the time has no" arrived.
when the stockholders may reasonably cNpc..
4 return for their Investments in the R:c!amomt
and Danvillc Rail Road that the estimate! IL:
profits during the present fiscal veal viii. the,
believe. warrant dividend in cash 10, exceed
ins three per cent, after providing for the deb,
pay.bic in this year, and all other liabilities
and that they. therefor. recommend TO thr
Board To declare such dividend. ut such time iu
the prcscn, fiscal year Is The Board may deem
10 be proper.
The third resolution a. amended ant adopt
cd. read Us follows:
,. Resolved. That the stockholders earnestly
desire the extension of their railroad. author
iscd bv the act of the General Assembly. adopt
cd on the 18th day of February. 500: that L.
accomplish that end the President and Dire
tors be instructed 10 appon, commissioners To
obtain subscriptions Ia the additional capita.
stock provided for by the said act. and 10 ca!sr
surveys To be made Of the route, for such ou.
tension. to such point a. the Board may deem
best
Instead Of the original 'ourth resolution.
the following substitute. by Mr.. llarSic. va,
adopted:
! Resolved, That whenever the subscribers
to the additional stock Of the company. pros
dcd for bv the said act OF the General Assem-
biz Of the 25th day o! February, 1870. shall
have procured money sufficient 10 grade -
miles of the extension provided for by the sad
act. and the said % miles shall have been era
ded, and he ready 10 receive the supclStrnctnrc
the subscribers to the existing stock aS a cox
amount Of the net profits Of the Company, AZ
tually received. 10 pay dividend OF sIX per
cent on the capital stock, To the existing stock
holders. after paying all the current expenses
Of the year, and the cost of the improvements
which the roadway deem proper and after
providing for the debt OF the Company and
the interest thereon As the same. becomes due;
will, out of the surplus profits that may re.
MAN, cause the >uperstruct,ire OF 10 miles al
the road so graded 10 bc constructed and COM
plctcd, AT their proper cost. such cost To con
Stitutc debt on the part Of the new SubScri
bcrs: Provided. however. that nothing III TN,
resolution contained shall be construed To com
nit the stockholders to the existing stock, in
anvwiSc or to any extent. to any further CON
tribution towards the said extension.
The resolution to memorabilia the l.egiS!a-
turc for subscription was amended and
adopted as follows:
Resolved That McSSrS T. T. Giles. James
Alfred Jones and j. r. Anderson he appointed
a committee to present 10 the General Assembly
OF Virginia, nj its next session. 4 memorial Oh
behalf Of this Company, asking a subscription
on the part of the State 10 the additional capi
tai stock Of the Company.
After lengthy debate on resolution by
Col. Cabc!l in favor of the extension OF the
Roanoke Valley Railroad from ClarkSyillc 10
Kcysvillc. the resolution was withdrawn b.
general consent. To enable Wood Bouldin, Is =,
10 offer the following:
Whereas. the stockholders Of the Richmond
and Danvillc Railroad Company feel a deep IN
trrcSt in the extension of the Roanoke VALLEY
Railroad from the town Of GAINESVILLE 10 Keys.
Vile in the county Of Charlotte and believe
that such extension will 10 Of essential benefit
10 their road:
Resolved. Therefore. That the Prcsidcn, AMI
Directors of this company be and they ar"
hereby authorised 10 furnish and lay down thu
iron and other material necessary for the super
structure of ten miles Of such extension so soon
rs the grading and maSonary Of twenty miles
thereof shall have been completed by others
than the company. and the necessary Legislative.
permission shall have been obtained for that
purpose ProrJsd. however. that such eyten-
sion shall he of the five foot gauge And pro
vidc further. that this resolution he considered
a subject TO all the conditions and provisions
tmnfn'is mmtoHi"si contained in the resolution
heretofore adopted by the stockholders for the
extension Of the road from Danyilc west.
And provided further. that good and sufficient
security be taken from Roanoke Valley Rail
road for the outlay contemplated
The question being put 10 vote, scale vote
wa, called for and resulted as follows: the STATE
proxies voting in the NEGATIVE: .iy.s e.l40;
Voc, .f:,:,.
Mr. t. f. Ilarvic stated that he had no dis
trust Of thu connection but not seeing where
the practice is To lead, and believing j, 10 be hi'
duty TO protcc, the interests Of the company
whenever he could he should vote m.
The entire vote of the private stockholders
amounted to 2.2777. OF this number ,, II"
voted aye -, voted no. The State ProXi'>
being entitled To east l.ilS votes. voted no. AMI
this being added to l"I private negative votes,
made / $50 noes. 10 .. | 80 ayes 80 the rcsoln.
ton WAS adopted against the unanimous vote
Of the State 10y u majority Of 40 votes.
Col. John f. Wiley. of Amelia. offered the
following: