Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-12-20
m,n.r.I un,Irond moglIng

A. We luuTMhl was OoiASN w ~ ~
H. T. Chittenden, Esq, on motion OF H.
Bancroft, Esq, was appointed Secretary
W. g. Deshler, Esq, offered the follow
ing resolution, which was adopied;F
n Resolvd, That committee Of two from
each county on the rnute OF the road nc
appointed to examine the subscliptions to
the capital stock of the company, and re-
port to this meeting the amount OF bona
Ode, e,ilncohditi9taf stock suhScribed 0y re-
sponsiblp pp,rsons--nnd II the same amounts
TO $750000, then to report who arc entltied
to vote at thiS meeting, and the number OF
votes to which tlrey are respectively en-
titled.
Whereupon the following persons were
appointed said committee Thomas spar
row and j. F. Bartlett, Of Franklincouny;
A..W. Mithoff and John r. Mumaugh, OF
Fairfield county; Judge Wright and James
Sharp, of Hooking county, and II. L.
Brown and Charles Robbins OF Athens
county.
In order to give the committee time 10
report, on motion of Mr.. Deshler, the Con-
vention adjournedt to O'clock y. NJ 2 4
AFTERNOON SESSION.
On account of the arrival Of several more
delegates, the meeting in the afternoon was
largely attended by the capitalists inter
ested in the buildingo Of thgprpposed road.
The Chairman announced that the first
thing in order was the reading of the re-
port of the committee appointed in the
forenoon.
Thomas Sparrow, Esq, from the COM
mittee, made the following report : q
To the subscribers TO The Capital Stock Of The
Mineral Railroad Company:
The undersigned committee appointed to
report the amount of bona Jlde uncondl-
tional stock subscribed by responsible per-
SO s, respectfully report that they have
carefully examined the subscription books
aud find that the whole amount subscribed
is $685. 500. or this amount we find that
there Is worthless $l.050.
We find that ther citizens of Groveport
have subscribed on tile condition that the
proposed road pass through that town.
This subscription amounts TO $2l.lOO.
We find that the citizens of NelsonVille
also made their subscriptions on the same
condition as those OF Gr0vepOrt. This sub
scription amounts to about $23,O ,OOO-but We
find that more than one-ha of the sub
scfibers have paid the first installment
without any regard to the condition, and
we presume have thus waved any right to
claim the benefit OF it. The amount OF sub
scIiption still subject TO the condition, we
estimate at $4,000, or more than one hall
of the whole amount subscribed.
We therefore report the amount OF bona
fde, ui,Scadflonal subscription to be S754,
400. The summary statement Is as lol'
lows:
Whole amount subscribed. oo'
Bad ..................... '.'''''''S i'U,0 10
GrOveport.. ..''.'..''''''' Si'ivv ~ ",
......,... ..... ....-. ,.-r ID, S75I,4 ,4O
We were also Instructed to report who
were entitled to vote at this meeting anC
the number of votes to which they are re-
spectiyely entitled. This matter will )bt
determined by the list of subscribers, ano
the amount subscribed by each; which Il
| herewith submitted for inspection.
Respectfully submitted.
THOMAS SPARROW,
j. +. BARTLETT,
j. r. MUMAUGH,
A. w. MIrHOFF,
JAMES SHARP,
II. WRIGHT,
e. ROBBINS,
HENRY Il. Brown.
Before the report was adopted, the ques.
tion was raised whether An organization
could be effected without there being
$7500OO of unconditional bona .fde stock
subscribed, which was discussed by Gov
Dennison, Hon. A. G. Thurman and others
and various plans were suggested. . 'a2
The chairman Of the committee here
stated that in addition to the conditional
subscriptions named, he hadliust Learned
that the Winchester subscription was also
made upon the condition of the road pass
ing through that place. which would make
it requisite to raise about $4,000 before al
organization could be effected.
A plan was proposed that the amount
requisite should at once be subscribed
Mr.. Green, from Athens, urged the neces
sity OF making up the amount, so that th'
| work on the road could be commenced the
coming springga and several gentlemen re-
sponed and several thousand dollars were
subscribed. Another lull and another ap'
peal and the whole amount needed was
announced by the Chair amid great ap'
plause.
Leave was then granted the committee Il
amend their report in conformity to tn,
existing state Of things, and the report a
amended was adopted, the whole amour
Of bond fde unconditional subscription
being $754, 0O0.
On motion of Mr.. Bartlett, the stock
holders proceeded to the election of thirteeI
directors, andT. WI. Pallmadge and Thoma
Lough were appointed tellers.
The following gentlemen were electet
Dlrectors Peter Hayden, B. E. Smith
VIM. G. Deshler, w. b. Brooks, William
Dennison, Isaac Eberly, George NJ. Parson
and Theo. Comstock, of Columbus; D
Tallmadge, of Fairfield county; j. G. Gar
rett, of Hooking county e. II. Moore anC
NJ. M. Greene, of Athens county, and w
| p. Cutler of Washington county, .M0l
The meeting then adjourned, with the
understanding that-the directors who wer'
elected would meet for organization at tn,
rooms of the Board of Oontlol.a', poh9.
Between Q and 10 o'clock p. M. the direct
ors met in the place designated, but owins
tothe lateness Of the hour, they adjourned
to meet to-day at ten o'clock, Am = for tn
purpose of electing a President, Vice Pres