Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1865-09-26

On moHuay nlgnG, the Iotn lnSr, tnele
was meeting, in the City Hall, Richmond,
Iof capitalists, merchants and others, for the
purpose of organizing National Express
Company to be managed by those, North and
South, who have recently belonged to the
armies Of the two sections. Hon. VIM. H.
mcfarland acted as President, and Jas. A.
Cowardin as Secretary. In few minutes
after the subscription list was opened the
sum Of $l54,7 700 was subscribed by those
present, the shares being limited to 500,
and the sum to be subscribed in Richmond
to S250,000. Col. NJ q. Hartman announced
that he was authorized by Gov. Pierpont to
subscribe $4,000 in his name. A Commit
tee was appointed to report a plan at the next
meeting to be held the next day at the same
place At the meeting Of the next day, the
Committee reported the following resolutions
which were adopted:
Resolved, That the operations of the COM
pany shall commence as soon after two hun
dred and fifty thousand dollars of stock shall
have been subscribed, and FIVE per cent.
thereon paid in, as the law wiK authorize
2. That until otherwise ordered the Office
of the company shall be in the city of Rich
mond
g. That committee of three be appointed
to memorable the General Assembly Of the
State of Virginia for the passage Of an act
increasing the capital stock of the compan y
to the sum of FIVE millions Of dollars, and for
change in the corporate name of the said
company, and for such other notifications as
may be necessary.
4. That the increased amount Of stock of
the said company shall be allotted among
the various States of the Union, and that the
books of subscription to stock shall be closed
at the end of thirty days after the opening
of the same. And that for the present the
following apportionment of the capital stock
be made to the various States, herein named,
as follows
New York, $685. 900
Massachusetts,, 208,000
Connecticut, $4,000
Pennsylvania, 100000
Maryland, 104, 900
Virginia, 100000
5. That upon the subscription of the said
two hundred and fifty thousand dollars and
the payment of said per centage, the Stock
holders may proceed to the election of Pres
ident and Vice-P President, and the appoint
ment of nine Directors, who shall proceed,
forthwith, to take such steps as may be ne
cessary to the immediate organization and
operation of the Company.
8. That three commissioners, any one of
whom may act, be appointed by the Chair
man of the meeting of the Stockholders in
each State to open books of subscription to
the stock of the Company in their respective
States, with the power to such Commission
ers to appoint ub-commissioners in the va.
rious portions of the State.
Messrs Hartman, Thomas and FAINT were
appointed the committee to memorial the
Legislature.
The following resolution was adopted:
: Resolved That, until a regular NEE ting oil
the Stockholders of the Company can be held
under the provisions of law, there shall be
appointed AN Executive Committee, to con.
sist of thirteen members, who shall be charged
with all such acts as may be necessary to the
organization of the Company.
The following Executive Committee was
appointed Messrs M. e. Hartman, w. III
Macfarland, B. r. Ficklin, Thomas Branch
H. G.. FAINT, Charles Palmer, W. G.. Paine,
|C. w. Purcell, John Echols, J. E. J ohnson,
w. L. Hodge, w. NJ. Burwell, L. W. Glaze.
brook, P. T. Moore, II. W. Thomas. The
meeting then adjourned.
The st. Louis Repub71can saws Ster