Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1860-06-21

cncc as mere c.limera, will be seized upon with
avidity by Younger and more entcrprzimg men
as one Of the most ready means Of promoting
their wealth. comfort and happiness.
The payments that have been made under
requisiion of the Board by the stockholders
evidence degree Of promptness that is highly
cretiitahir. These payments may be regarded
rs voluntary contributions on their part and as
such speak III the most emphatic language the
sacrifice which patriotic aud enlightened men
are prepared to make when circumstances re-
qnire It. These payments or contributions are
III fact unparalleled in the history of the country
and will constitute hereafter an irrepressible APP
peal to the enlightened libcra!ity and justice of
the State.
The accounts as presented by Mr.. Cuttings
the Treasurer: and which are hereunto append
ed, will show the manner in which these pay
ments have bocn expended by the Board
From these it will appear that the Board has
paid on behalf Of the survey and location the
following amount viz: $4,321 O6
On hand i'll the treasury, SO 10
Ia the hands Of the Agent rept to-day, LOG Is
1t is hoped and most sincerely desired that
the delinquent stockholders will forthwith pay
mp the acquisitions made upon them. The
Board has in no instance used any coercive
measures-nor will they willingly resort to them
But it must be manifest to the planest compre-
henslon, that it is absolutely and imperatively
necessary that the contracts entered into by the
Board should be promptly met. 1t is hoped
that this official intmation will be all that is
necessary to spur them up to speedy discharge
Of duty.
During the course of the year COL w. w. w.
Bowie resigned the office Of Director; his resig-
nation was accepted, and Col Odcn Bowie was
unanimously elected in his place; but since the
selection of that gentleman regret to say, there
has been no attendance of IL quorum. This non
attendance is owing to sickness in the families
Of some Of the Directors, and urgent business
on the part Of the others
1t is we'll known to all the members of the
Board, that accepted the presidency of this
company with great reluctance; and not until
it had been offered to several Others Indeed
for the last year, I have strenuously sought to
be relieved from the responsible duties of my
present position. With the full knowledge and
concurrence of the Board, have had interviews
with two very distinguished gentlemen for the
purpose of enlisting their influence, talent and
experience in behalf of the object we have all
in view IN both instances, | regret not so
much on my own account as on that of the in
terest in part committed to my charge, that
have been unsuccessful.
1t is my intention to decline an election as
President, I consider it my duty to apprize you
of the fact, SO that in making selection of Di-
rectors for the ensuing year you may be pre-
pared to act accordingly.
In making this statement, beg leave to add
that my interest in the success of the work has
not abated one jot or particle. 1t will afford
me hereafter the greatest pleasure to give to
those to whom you may entrust its management,
every aid and assistance that lies in my power.
| thank you, gentlemen, most sincerely, for
the confidence which you have reposed in me-
have endeavored to serve you faithfully and
to the best of my ability: and my regret is that
success has not been commensurate with our
efforts and wishes
I also desire to express my gratitude to each
and every member of the Board, for their uni
form kindness and support which they have at
all times extended to me. shall part from
them with deep sorrow: for | can say in truth
and perfect sincerity, that they are honorable
men, who have faithfully discharged their duty
and by every act during our association, have
manifested the deepest devotion for the success
tof the enterprise, which had been committed to
their charge through your kindness and partial
ity. All of which is respectfully submitted.
JOHN S. SELLMAN, President
of the B. & Z. R. R. Co.