Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1861-01-12

Messrs. r. w. Griswold, II. L. Morrison,
and F. Carlisle, who were previously appointed
by a meeting OF Stockholders to examine into
the affairs Of the company, and report at the
annual meeting, submitted the following resolu-
tious, which, after being discussed by Hon. Il.
w. Griswold, Hon. Elisha Wbittlesey, and Lem
uel Clark, Esq, were unanimously adopted,
to-wit:
Resolved, Ia view Of the almost constant ad-
verse circumstances under which our company
have prosecuted their undertaking, we are gra-
titled that so much hes been accomplished, and
congratulate ourselves that Notwithstanding the
pressure brought to bear upon our directors by
| the stockholders and Others TO hurry on the
work, that we End the company comparatively
so free from debt
| Resolved, In view Of The necessity OF the road
| TO the business of the country, and the undoubt.
| ed value Of the stock, we entertain no doubts
as to it's ultimate completion, and that TO suffer
what has been done TO be lost while 10 our pow.
er to prevent il, would be alike humiliating and
dishonorable to the country. and imply strange
disregard of good sense aud reason on the part
OF the Stockholders. 49,.
ResOIued, That we are OF the opinion that
tuuo lat di bAS UGH OOuC Win Nnc UtbA lbNcu-
tiOns, and an earnest desire on the part Of the
directors to accomplish the work in hand, that
nothing has been lost through fraud or dishon.
esty and we tender our thanks to the directors
and employees Of the company for the zeal and
interest they have manifested in our undertaking
Resoloed That in the present embarrassed
condition Of the country, prudence aud sound
policy req uire that until change shall take
ola fop ba fnrfhar Eu
biity should be incurred farther, than may be ne
cessary in collecting the debts due the company
] and discharging every honorable or legal obi
| cation it may owe, aud thus place the officers
| Of the company in condition to resume active
operations so soon as circumstances will war
| rant the ultimate completion of the work.
Resolued, That 10 our opinion for the furth
erance of this object, there should be adopted
! by our directors
LIST. A system Of rigid economy in all depart
ments of the work.
| I'd. Entire abolition Of yearly salaries to di
rectOrs or other officers Of the company. nj
officer or employee TO receive compensation, ex
cept for actual service.
Sd. The employment Of one, or at most two
thorough practical business men 10 proceed al
once TO collect all due TO the company to dis
charge all liabilities, and to settle and arrange
all unsettled claims for or against the company
4th. All transactions to be had with due
reference to placing the officers of the compa
ny in a safe, sound, and reliable condition, so a
to await in safety the time when the voice o
the stockholders the state Of the country, anC
sound policy shall dictate 40 energetic prosecu
tioh Of the work to sure completion.
Resolved Tha: we pledge ourselves TO NEE
oil our engagements as stockholders to use al
our influence with Others not present, aud to aiC
in any honorable way in carrying out the OBJ
jects set forth in the foregoing resolutions
The following gentlemen were elected direc
tors for the ensuing year Henry Hubbsrt
and George Willard of Ashtabula, james StOu
Of Morgan, F. H. Corey Of Bristol, G. r. Hun
of Warren, John Wetmore OF Garfield, an,
Henry Springer Of New Lisbon.
The Directors have elected Henry Hubbard
President John Weimore, Vice President
Henry Fassett Secretary aud Treasurer an
in accordance with their own recommending
to the Stockholders, and 10 compliance with th
vote of the Stockholders, have appointed sgeu,
s to adjust the affairs Of the company. Jane
3 Stone and ii. Fassett were appointed sal
= Agents, who will at once enter upon the di
Charge Of their duties