Columbia weekly news., 1859-04-07

Aheir SecrataFys would. furnishsthssssoskrl
holders with full report of every dol
lar of the, Cempany's expenses, which,
be hoped, swould, be satisfactory to all
Pntisss & B
sAt the previoussmeetiqg committee
had been appointed to Wit on the cred
tiers and explaia to them the affairs Of
the Company, with the view Of amicably
settling ell dificultics--the said commit
tee were also authorized 70 draw up a
lease and submit the same to the stock
holders for their approval, in order that
the ditch might be let to such parties as
the committee might think proper.
The above committee handed in a
lease, but no report. they stating that
they had none to make. 1t was then
ordered, that the lease should be read
The lease was made in favor of W.
Nj. Donnell; G. S. Parsons; j.. j. Poor;
A. White w. S. Smart; Thos. Reed;
'Ihos. Roman.
That order being complied with,
the Chairman explained that but two Of
the committee had taken any part in
framing chat lease--that it had been
compiled by the Board Of Trustees
and thos. two members Of the commit
tee. The sole object the Company had
in view was to do equal aud exact justics
to all tie creditors alike.
Mr. Dorsey stated that if Mr.. S,nart's
name was attached the lease before the
meeting, it was wiskcut ,his knowledge
or consent.
Mr.. Poor said that he was one of the
committee appointed, to obtain Mr.
Smart's sanction to the lease, who did
not say whether he did or did not object
to it, go he took it for granted that be
had no objections to have his name in it
The Secretary read a list of the cred.
itors who were satisfied to throw off the
interest on their claims against The Com
pany for one year. tThe parties, whose
names were attached, we're with two OF
three exceptions, those of the smaller
unsecured creditors
Capt Palmer wished to know whether
the committee had consulted with ali the
creditors on the subject.
Mr.. Hunter, Of Yankee Hill, said be
should like to hear the report o! tha,
committee, as the present meeting was
called for the purpose of hearing it.
Mr.. Jarvis, of Vine Springs, stated
that, as one of that committee, he had
called upon many Of the creditors, but
be could net report any results different
to what was known at the former meet.
ing, consequently, he had no report tc
make
1t being noon, i was proposed to ad-
journ the meeting for two hours-ad
journed accordingly.
The meeting was again called to or
der by the Chairman, at 8, P. NJ, when
the subject Of the lease was taken into
consideration.
Mr.. Gilchrist called for the reading
of the list of creditors holding collateral
security against the Company and whose
claims it was proposed to pay out Of the
first proceeds of the Ditch. The list
contained names and amounted to
He stated that it was not intended
that the lease should be for the benefit
Of Donnell & Parsons, alone, but it was
expressly stipulated that they should
paw all the other creditors holdin e
collateral security.
Capt. Palmer moved that the lease
should be adopted as proposed, he
made the motion with the view Of hav-
! ing the subject discussed. He was
sorry that none of the larger creditors
were present, nothing could be done
without them, neither the larger credi-
tors, nor the working men were satis>
fed with the present arrangements.
There appeared to be great want of
confidence between all parties, there
seemed to be something behind all
this matter, that neither party could
understand, and as long as this unsatis-
factory state of doubt and mistrust con-