Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1866-11-30

Mr. Massc moved to amend the resolution
by inserting 81 o'clock chat afternoon, and adj
vocated the adoption Of the resolution but
after some discussion the amendment was lost,
and the preamble and resolution adopted. 2g
The meeting then adjourned, to meet at Ly-
ceum Hall, at o clock at night.
.54 NIGHT SESSION.
{ The stockholders .re-assembled pursuant to
adjournment, at the Lyceum Hall, at 10 clock,
when r;#t.; G~5
f; p, G.. Uhler, from the Committee on Prox-
les, submitted report, as follows: './
! Whole number Of votes, l3,907.
Necessary to quorum. g, 9S4.
: Votes present by proxy and lnperson, Ii ,042.
] The Chair thereupon announced that quo
rum was present, and that the meeting was
ready to proceed to business.
John S. Barbour then submitted the report
Of the President and Directors, which at his
suggestion was read by W. g. Cazenove.
/ The report after relating the circumstances
attending the turning oyer of the road from
Mcssrs. Jameson aud Qugley, Agents Of the
Board Of Public Works, to the legitimate OWL
ers of the road, in which it appeared that the
contracts Of Quigley and Jameson with the
Adams Express Company was the main bar to
the transfer, sets forth that when the road was
turned over by their agents, the financial &C
counts stood astollows: Debts due, $500, 6G5.06,
resources turned over, So, $500, leaving Il de-
ficiency OF $3.50, 047.0G Tie whole receipts
and expendit nres Of the Company, since turn
ed over, are stated to be as follows: Receipts,
$500, 1oLT7; expenditures, sl97, 5000.
The Board while acknowledging tue present
enbarrassments Of the company, think the fu-
ture is promising, and basing then estimate on
present receipts, they believe that next year
5000, 900 will be a reasonable estimate this
will givea net revenue, over expenses, Of $240,
600 per amlum. And il iSexpected that with
IN three years the ceipts will reach 81 600 900
per annun Il bondholders, &C., will give the
company u fair chance the Board is of the
opinion that the cmbarrassments Of the Compa-
ay will soon cease. l.........
The accompanying report Of the General
Superintendent was then read by the Secretary,
James 81. Reid
This report presents in detail the working OF
the road, and the Superintendent quotes the
tariff rates to show that the rates from other
places beyond Alexandria arc proportionally
Just and proper. r. .-..... ...- - ..-.-.... ...
AIr. W. 2. Shepherd, Of Amherst, read the
report OF the Examining Committee, which
shows the road to be in excellent order as far as
could be expected after the rayagcs Of var
The cross-tcs, it is said, will soon have to be
replaced, and sorrow was expressed at the sight
Of the charrcd remains Of depot building, &c.,
destroyed by the Federal army.
At the conclusion Of the reading Of the re-
ports, J. I. Slaughter introduced the following
resolution - t-'t.'
Resolved, That SO much Of the Presidents
report as refers to the financial condition Of this
road be referred TO committee Of 1ive-who
shall report 20 4 meeting OF the stockholders
and that they shall report what, in their opin-
ion, would be a beneficial policy in relation to
the present stockholders Of the road.
Mr. S. thought that the Company should
initiate financial policy. He believed that
with proper efforts the bonds of the company
might be raised from IS to Is cts. He frankly
owned that he represented large amount of
bonds aud but a small amount OF stock.
The resolution was adopted.
The President appointed the following con-
mittee, to whom was referred the report Of the
President and Directors, and the accompanying
papers, Mcssrs. J. ". Burke, Richards Payne,
John Wood, jr, Z. G. Moore, w. H. Harris
The following gentlemen were appointed
special committee under Mr.. Slaughters reso-
luton: John L. Slaughter, Eugene Davis, B.
Il. Shackelford, James Barbour and Arthur
Herbert I:a
Mr.. James Barbour introduced the following
resolution:
Resolved, That the stockholders of this
Company regard with deep interest the con-
struction Of the Railroad from Lynchburg to
Danviile, as work Of great i'm portance to The
State of Virginia, and as offering valuable
future connection Of the Orange and Alexandria
Railroad, forming with it, when completed,
direct and continuous line of railway, which
will traverse the Piedmont section Of the State.
and extend from the Potomac River to the
borders Of North Carolina. E&H ): ..".@ :...'
Pending the consideration Of she resolution
the stockholders were addressed by Mr.. Dean,
the President Of the projected road. MIR. d.
in an able address set forth the advantages of
the proposed road, and urged the necessity of
a speedy completion OF our works of Internal
improvement, already begun, and the construc-
ton of others, as means ofdeveloping the re-
from the State He adverted to the adYanta-
ges to accrue to the Orange and Alexandria
Railroad from the construction of the proposed
road, and strenuousy opposed letting our roads
pass into the hands of Northern Capitalists =
He contendcd that the construction OF railroads
will induce immigration into the State, and
bring wealth and prosperity in their train.
Hon. Jeremiah Morton followed, compliment
ng MIR. Dean, and advocating the construction
Of the new road. lie expressed his entire be- |
lief in the value of the stock Of our railroads,
and urged the stockholders of the Orange and
Alexandria Railroad Company to be patient /
and not despond, and their Investment would +
yet be valuable. #
Major }. II. Lee, of Orange, followed Mr.. !
Morton, expressing his qualification at the in
crest manifested in the proposed road, and /
lrglng ITS favorable consideration upon the
;tock holders and the cooperation of the O. g.
4. r. r. He advocated the building of rail.
Dads and canals as means of developing the
osources Of the State, and concluded his re-