Columbia weekly news., 1859-04-07


for Sacramento City
Meeting of the Stockholders and Creditors
Of the Columbia and Stanislaus Rivcr
Water Company.
Pursuant to advertisement, the above
Meeting took place at Cardinells Hall,
Columbia, at 10 o'clock, A. NJ on Sat-
urday, the I'd April. The meeting was
called to order by A. c. Goodrich, Esq ,
President of the Company.
The Chairman opeHed The proceed
ings, by expressing his regrets at the ne
cessity Of calling the Miners from their
employment, but that it was absolutely
necessary that something should be done;
in the affairs of the Company; he ob-
served that they (the stockholders as
we'll as himself, had been deceived in
tue magnitude Of the works they bad un-
dertakcn. and explained how the several
lines, which had been surveyed for the
Ditch, had been altered from time to
time, and by whom; which alterations
had, in great measure, brought the
Company into its present difficulties in
order to illustrate the errors in the
calculations, made by the engineers
he stated that tho ditch was in-
tended to strike the River near Mill
Creek, but, when it was completed, it
was found to be 500 feet, perpendicular,
above the water level at that place.
III could not account for such errors,
nor explain them, but they all knew that
they had been made, and that they have
cost the Company many thousands Of
dollars; these mistakes, although the
chief cause of the Company's difficulties,
he was sorry to say were not the only ones
there were many others, which had in
no small degree added to them such as
the burning of the mill at Cow creek,
the want of a good permanent dam on
the river, the unprecedented severity Of
the present winter, and many other eau
ses which it was unnecessary to mention,
ns they were but too we'll known
The Chairman next entered into
defense Of the conduct and actions of
Messrs. Donnell & Parsons, the present
lessees Of the Ditch, and stated that the
first connection Of that firm with tie
Company, was in the summer of 80,
aaen the Secretary informed him that
the Company was indebted to them
500, for sundry articles, and it was pro-
posed that they should be asked to take
share of the Company's stock in pay
ment for its Indebtedness, which they
agreed to they being. with the excep-
ton Of Mr.. Alberdinc, tie first store
keepers in Columbia who furnished stores
80 the Company on credit.
Then, with reference to the Contract
for the Mill up in the mountains, Dom
nell & Parsons applied for that contract
and agreed to furnish million feet Of
lumber for the company's use that the
company should not bo put to any et
ocnse in the erection of said mill-but
they would be satisfied to take their pay
one-half in the Stock of the Company,
the other half In scrip bearing interest
a. > per cent. PEI month, and payable
from the proceeds Of the water from the
North Fork, when the said ditch was
completed. Owing to train Of circum-
stances, but too we'll knowo, that work
never has beef completed-but Dounell
& Parsone, ia order to secure themselves
for what they had done, presented .
claim for s57 600, which the company
were unable to pay, but through their
Board Of Trustees, gave q note and mort
gage on their property as security for
the same. After the tire IN Column