The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-10-13

x,.c1ecnth Annual Meesinx - the
STOCK holders ta the vArGssss AnA
tennessee Railread. go
THURSDAY MORNING, October 11.-The
stockholders assembled in Maytin's ware
bouse, Bishop Early IN the chair. 81
when a quorum had been found TO be
,rcs,r,, the committee appointed the day
,cfnrc reported that in their opinion no
,,c.So,, is entitled in the present general
irncctug Of the stockholders Of tho Vir-
n;n;a and Tennessee Railroad Company
sto represent by proxy or otherwise a
,reatcr number Of shares than double the
Snnhet of shares Of which he may be the
bow fiC owner" t..h.T
But the meeting voted down the report
hyal large majority after listening to a long
discussion on the subject. - ...I.
Mr.. Dcane moved that gentlemen who
we're present representing the Southsidc,
,hr Petersburg and Norfolk, and other
railroads, be invited to take seats in the
meeting. Carried. .,.l
Mr. +. Slaughter submitted the follow
ing resolution:
Whereas il Is reported that certain cou-
tracts have been made by the authorities
Of this company with certain parties for
the transportation OF frcights therefore
Rcsolced, That committee Of three be
appointed to investigate this subject, with
power 10 call for persons and papers, and
10 report to this meeting.
Mr.. Staples opposed the resolution.
Mr.. Dcane hoped tho gentleman would
withdraw his opposition. III !.
Mr.. Hughes said the Board were not only
willing for, but Courted an investigation.
The vote was then taken, and the reSolu-
ton adopted.
Mr.. Campbell moved that Messrs. Will
liam Watts, J. +. Slaughter, and w. Y. C..
White he appointed to constitute tic COM
mittee. The motion was adopted. ~
Mr.. Slaughter is In favor Of consolida-
ton. t..a t.-"rA
Colonel Watts submitted the following
resolution, which was adopted: "r
R.Soiced, That committee of five stock
holders lie appointed by the Chair to ex-
anime the tariff Of charges for tonnage and
passengers transported by this company,
and report whether any, and if any what,
notifications and changes of such tariff will
lie proper and judicious.
Under this resolution the Chair appointed
Colonel Watts, Of Roanoke A. B. Rucker,
Of Lynchburg; George Il. Barr, of Abing-
don, Joseph Cloyd, of Pulaski, and Ro-
bert Gibbony, of Wythe. -@-a
The following preamble and resolutions
were submitted by Judge GA. Wingfeld /:
Whereas ii has been proposed by the
stockholders of the Southsidc and Norfolk
and Petersburg Railroad Companies to
unite the general management of their
roads with that o, :he Virginia and Ten
...,, aud xvhoruas tho ctpct
holders of the SouthSide and Norfolk and
Petersburg Railroad Companies have eX-
pressed their readiness to meet the stock
holders of this company at such time and
place as may be agreed on for the purpose Of
roD>ummatng plan of common organi-
cation tor the three roads.
EcSolred, That We endorse the PROPOSE
ton to unite the general management of
SAID roads rs of the first Importance, no
less To the more efficient, economical, and
prosperous conduct of these works than to
the safety of the better fortunes of our
State in all the relations Of trade, of mate
rial development, and OF the public conye-
VcRce.
E.Soiued, That - - be and are
hereby appointed a committee on the part
c the stockholders of the Virginia and
Tennessee Railroad Company to meet such
committees as may be appointed on the
part of the Soutbside and Norfolk and Pc
trrsurg Railroad Companies for the pur-
pose OF arranging a plan of common Or
gsnizatiun for the three roads, said plan TO
he submitted to general meeting of the
stockholders of the three roads to be
held in the city of Lynchburg on the -
day of -, 1850.
This resolution being under considera-
ton, Mr.. Goode called attention to the fact
that there were several distinguished gen.
tlrmcn present from Norfolk and Peters
burg who had come as commissioners to
make known their views on the subject
then up.
Numerous calls for "Mahone" brought
that gentleman to the floor.
General Malone commenced by thank
in the meeting for the courtesy extended
10 him and those associated or delegates
with him. They come as commissioners,
with no desire to constrain the action Of
the meeting, but TO express such views as
they entertained. They came to present
the scheme of consolidation. We will not
attempt, he said, to give the details Of the
scheme; but If you concur with us, then
we would confer with committee TO ar
range the details. l shall content myself,
gentlemen, with brief review OF what is
expected TO be accomplished by consolida-
ton. We believe a combination between
he Norfolk and Petersburg, Southside, and
Virginia and Tennessee road may be formed
which will he to the advantage Of all, and
not inimical to tho State. These three
roads were constructed by our people and
State, not to build up any particular local
ny, but to secure the great trade of the
Mississippi Valley. That we shall be able
by the proper direction Of these roads to
50 command that trade as to give us di-
rect trade is confidently believed. We
have found that in the independent man
agcmeut Of the three roads We have failed
10 secure the object. We have failed for
The want of proper railroad management
have failed to develop the resources of the
State as well as 70 secure the western
trade. Now, sir, we submit to you, that
inasmuch as the interests of the road
which you represent are in no wise in
imical to ours, there is no reason why
these roads may not be under common
organization. II has been said that q
combination Of these roads meant more
taan combination Of management. This
Is hot true. 1t is not the purpose Of any
mat there be an amalgamationf Of
property or franchise Of the roads. We
"hN propose a joint management for
'he more efficient and profitable