Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1859-05-05

Annual Meeting Of the q. ~. a ID. ~. "
| Directors, Nc.
The Annual Meeting Of the Stock holders
Of the Cincinnati, Hamilton and Dayton
Railway Company was held at the office o.
the Company yesterday. The Annual Re
ports Of the President Superintendent, Sec
retary, and Stockholders Committee were
read, and new Board was elected. We
append report Of proceedings, viz;
THE MEETING.
On motion, Hon. VIM. S. Hatch took the
the chair, and DR.. Samuel l.. HOmmedieu
was chosen Secretary.
S. s. L'Ilommedieu, Esq, President the
Company, submitted the Annual Report oi
the Board Of Directors, which, with the SUI
perintendents Secretary's and Committee ol
the Stockholders Reports, were read and
ordered to be printed. An abstract from all
except the latter--which we publish entire
will be found appended.
| Various stockholders expressed their graf
ification Of the life condition OF the finances,
and the mode Of managing and operating the
road.
Mr.. L'IIommedieu remarked that with
the completion Of the Dayton & Michigan
road to Toledo, he thought the stockholders
might safely anticipate semi-annual divi-
dend Of five per cent upon their investments
In relation to the Springfield & Mount
Vernon Railroad Company, he said that the
contract made and ratified with that corpo-
ration is in statu quo so far as the G.. II. g.
ID. r. r. Co. is concerned. The latter had
agreed, conditionally TO take eighty-four
bonds Of the former but it is probable the c..
| II. Il ID. Co. will not be called upon to com
Iply with their agreement. The Pennsylva-
mia Central, and Pittsbvrg, Fort Wayne and
Chicago Companies, had taken deep inter-
est in the Mount Vernon Road and had
agreed to endorse five hundred of its bonds
and the road would probably be finished un-
der this agreement In relation to other
roads, he said there is a good prospect of an
arrangement with the G. w. x z. II. r. Co.,
looking to the Glendale Extension, is regard
ed as a jug handle contract" for the c. II. &
| ID. II. II. but is also considered advantageous
to the former Company. To the Q. H. &
ID. Il. Il. it gives the gross business Of thirty
miles Of road-fifteen to Glendale and re-
turn. The contract was proposed by the
parties interested in the former road and
was accepted by the latter.
"A stakeholder referred to a suit pending
against the Company for a large amount,
asking information. Mr.. L'lIommedieu said
lthe Gincinnati and Chicago X. r. Co. had
sued some yeaFsage, layine. claim to -eondi-
tional subscription for $3oOOOU, nut tnar
Company had not complied with single
stipulation in the agreement, and had re-
peatedly offered to compromise their claim
for $4,000. The attorneys ofthe G. II. &
ID. H. X. Co. had constantly counseled the
Board of Directors that judgment adverse
TO the Company would be impossible. 1t has
been and is regarded that the suit is man
tanned in the hope that the c. II. g. d. r. r.
may be induced to pay the plaintiff some
thing to withdraw a suit which some consid-
er has tendency to affect the stock Of the
| @. III. & ID. X. Il.
Hon. Judge Wright, one Of the counsel for
the G. ii. & ID. r. II. corroborated Mr..
LHommedieu's views, regarding the suit as
OF little consequence to the interest of the
Company.
Dnmotion the following gentlemen were
appointed Committee from the stockhold-
ers to examine the condition and manage
ment of the road during the current year,
viz; John Young, VIM. Goodman, Qrom the
last Committee, Mr.. Hartwell declining to
serve,) and VIM. B. Moores.
Judges and Tellers were appointed by the
President, when the meeting adjourned and
the stockholders went into their annual cleo
ton for Directors.
ANNUAL REPORT OF THE BOARD OF DIRECTORS.
Office of the C. II. & DR.. r. Coz
CrNcISNATI, May Sd, 1859.
10 Tie Stockholders Of the Cincinnati Hamil-
ton d Dayton Railroad Co:
GENTLEMEN:-The Report of the Secreta-
ry for the year ending March 3lst, 1859,
shows the gross income to have been: