The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1865-12-14

LoAAI MA i i thN.
MEETING OF THE STOCKHOLDERS OF THE RrcH.
xoNp AND DASvlLLK RAILRoAp-The annual
meeting OF the stockholders of the Richmond
and DauNile railroad was held at Il O. cloch
Yesterday III the Exchange Hotel
Mr.. Buford, president OF the company, called
the meeting TO order.
Mr. r. N Watkins, of Prince Edward, was
chosen chairman Messrs. John d. Blair and
- Baskerville acted as secretaries.
The first business announced by the Chair
man 10 be in order was the appointment,
Of the following committee on proxies
Me>Srs. g lies. Treadway and Coleman
The committee proceeded to the execution OF
their laLors, and after the lapse of, Il half Al
hour made the following report Votes b,
proxy. l,ol4 by stockholders present, 7al
State vote, l,2o2-making an aggregate vote OF
%.'@7- Necessary TO a quorum, 1857.
Mr. Bouldin remarked that the precedent
had been established. in making upa quorom,
Tor The whole vote of the State to be counted :
whereupon the chairman of the committee on
proxies reported that, in accordance with that
rule, there We're, therefore, present 4, 49s
votes.
On motion Of Mr.. Giles, the proxies were
leEalized by affixing internal revenue stamps
The reading of the Presidents annual report
WAS dispensed with on motion of Mr. Branch
The Chairman OF the Committee of Exami-
nation, Mr.. ID. ]. Burr, read the report from
that Committee. which, with the President $
report, was, on motion of Mr.. J. A. Jones'
referred to a committee of nine, which was
subsequently appointed as follows Messrs. J.
A. Jones, W. II. Clark, b. +. Garrett, T. r.
1alcott, f. Wootton, T.. A. Coleman, G. T.
Pace, 4. Watkins and X. V. Gaines
The following resolution, offered by Judge
William II. Lyons, adopted
'RtSolred, That committee of five be appoint
81 10 ascertain and report to this meeting whether
Completing the eNtension Of the Roanoke and
Valley railroad from GAINESVILLE to keysvile"
The following gentlemen We're appointed
said committee: Messrs. William H. Lyons,
Thomas $. Flournoy Thomas T. Giles, R. b.
Watkins and A. y. Stokes.
On nation of Mr.. Sutherln, the meeting
look q recess till o clock p NJ
Ertui"g Session.-The stockholders re-as-
Scmbled at seven o'clock, Mr.. Watkins, of
Prince Edward in the chair.
Mr. j. A. Jones, from the Committee on the
Presidents Report and that of the COMMIT tee
Of Examination, submitted favorable report,
accompanied by the following resolutions:
First That the arrangements entered into by the
President and directors lay which the possession
aud control Of the Piedmont railroad nave beer.
Second Thai the President ut and iipiDi Directors be.
*nd they are hereby. instructed to obtain from the
Virginia permission to alter the gauge of the
Pieam9mt railroad so as to make it conform to that
q: the Richinond and nanville railroad.
Third. That the President and Directors be
ithrr 7; TO procure by pr"pe,r; iesis
III, two roads under one organization but if
that cannot be attained. then the President
and Directors are instructed TO distribute
he. Ste kIuluprS Of COmVanV in
PORTION 70 their 7t"ck all the shar,s in the Pied
ao i, AN and Danyie Railroad Company '. ''' '''''
fourth Thai the President and Directors be au
an4 to borrS to Ery +" Of h M tire
L. am issue II the bond Of the COMPANY to an
amount not exceeding five hundred thousand
dollars.
The first and second resolutions were adopt
"a without discussion.
When the third resolution was read, Mr..
Thomas Branch moved division of the ques-
lion, which was agreed to. and the vote being
t:.hen The first clause was adopted.
The question coming up on the second clause,
Mr.. Branch moved that it he laid upon the ia
ble He could see no use for such action at
this meeting AS the resolution proposed, and
II" deemed it better for the Company 10 let the
matter stand as it is.
Mr. Jones explained the causes which con-
70 them that il would be WELL if it could be
accomplished, to procure union of the two
roads; but foreseeing that this might fail
they then thought it would be well if the
Richmond and Danyille railroad, now the
holder OF The stock representing all this CAPT
TAI would distribute the stock among the stock
holders Of the road. Mr.. Jones proceeded TO
give I;tcts bearing upon the question.
MI Branch fully replied to Mr.. Joues, OPP
posing his views
mayor Suthcrlin, Of Danville, opposed the
ground taken by the Committees, and favored
'hr laying Of the resolution upon the table.
Mr.. Edmonds, of Halifax, took the ground
That the stock belonged TO the stockholders of
III" Danyiile Railroad Company, and that they
ought 10 have il; not only that. but they
ought 10 have the control of the Piedmont
railroad tor he believed they would manage
much better than the President and Direc-
tOft.
Mayor Sutherlin asked the gentleman from
Halifax with what grace he could come before
'i'is meeting and advocate the taking OF mil
lion and Il half from the assets Of the Compa-
ny when the Directors had had to put their
handa 10 paper TO secure the necessary stock
i"i tie road, He was opposed to taking these
aSseta until those bonds were discharged. The
PRESIDENT had been TO New York, after
ii'"h'h spent III gaining control Of the Pied
',1on' road, TO purchase iron, and was told that
we individual directors would endorse for
Wv company it could be had. They did 80,
,.' 'i-y thonghtit judicious movement.
''he'ed that the committee would not
''F made snci a proposition IL they had been
iF u The injustice they were doing.
Edwards asked the gentleman TO give
-, ''f moment He proceeded TO say that
subject was discussed in committee IN