The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-10-12
Meeting OF the Stockholders of the
virginia and Tennessee Railroad.

The stockholders of the Virginia and
Tennessee road assembled yesterday, pur-
s,iant to notice, at the Corn Exchange.
On motion, Bishop John Early was elected
chairman of the meeting, Major James NJ.
Gait secretary, and A. Mcdonald assistant
secretary.
The Chair named the following gentle
men committee to examine and report
on proxies: General o. G. Clay, Judge d.
A. Wilson, and Hon. Walter Preston.
Hon. Fayctte McMullen proposed the
rules Of the Virginia House Of Delegates,
so far as applicable, as the rules for the 60
vernmcnt Of this meeting. Agreed to.
Mr.. Slaughter moved that the company
furnish revenue stamps for such proxies as
were not supplied with them. Seconded,
put, and passed.
On motion Of Mr.. Logan, the Secretary
commenced calling the list Of stockholders,
but it soon becoming apparent that not
one half of the stockholders were present,
and considerable confusion and inattcntion
prevailing because of the insufficient ac-
commodationS, a second motion to adjourn,
made by Colonel W. W. BlackfOrd, and
seconded by general clamor Of approval,
passed. The meeting was therefore
adjourned by the Chairman to meet at the
other hall at Z. NJ.
AFTERNOON SESSION.
The meeting assembled. The Chair sub
mittcd to the meeting whether the reading
Of the list Of stockholders should he dis
pensed with or not, u motion to that effect
pending when the meeting adjourned i'll the
morning.
Mr.. Cummins proposed that in order to
find out whether quorum be present, the
proxies of the State, Of the city of Lynch
burg, and Of the counties of Smyth and
Washington, first present themselves.
Mr.. Byars thought that these had re-
ported to the Committee on Proxies, and
that the committees should report them
along with the individual proxies repre-
sented. a-a -.
Judge Wingfeld objected that, until it is
ascertained that quorum of the stock Is
present, there is no authorized body to re-
ceive the report of the committee.
Mr.. Wyndham Robertson supported the
suggestion that the Secretary declare how
many votes are requisite to constitute
quorum, and that parties representing the
Of any individual, rise and report them
selves informally to the meeting, with the
amount of stock they represented.
The Secretary reported that 4,5s6 votes
were requisite to constitute quorum.
After much debate, many suggestions
being made by different parties, it was de-
cided to call the list OF stockholders,
which was accordingly proceeded with.
Meanwhile, General Clay, chairman of the
Committee on Proxies, reported that the
committee had found all the proxies sub
mitted to them to be made out in due
form, but that some Of the parties repre-
scented more than twice the amount OF stock
owned by themselves, contrary to the re-
quirements of the charter of the road.
This point being submitted to the meeting,
Mr.. Goggin rose and expressed his views,
to the purport that the requirement refer
red to was not embodied in the charter,
but was part of an act of the Assembly
passed subsequently to the granting OF the
charter. Mr.. Goggin read from the
fifty-ninth section Of the Code the
Virginia law touching proxies, which
provides that any stakeholder in any
internal improvement corporation may
cast one vote for every share Of stock be-
low ten shares, and one vote for every four
shares abore ten, which he represents by
proxy.
Mr.. Robinson here rose and said, in reply
to a statement of General Clay, that no
papers had been submitted to the commit
tee by any parties claiming to represent
the State, that himself and Mr.. Kent had
no credentials, having never received any
except through the telegraph,
which they had not retained. Mr.. Goggin
had received his formal commission as
proxy Of the State.
The roll being called, it was found that
81 AL shares, including the State stock ol
Is 900 shares, were present. 1t not peing
yet shown that these represent an amount
Of votes reQuisite TO constitute quorum,
II was moved by Mr.. Deane that the Secre-
tary be charged with the duty Of ascer,
tanning how many votes can be cast by the
company how many are requisite to make
. legal meeting and how many can be
cast by the stockholders present in person
or by proxy; and to prepare list of such
parties, to save the time and trouble Of call
ing the entire roll. The Secretary was di-
rected to present his report, this morning.
On motion Of Mr.. J. +. johnson, COM
mittee of fonr legal gentlemen was APP,
pointed 70 consider the legal question
raised By the Committee on Proxies, and
to report the same. Adjourned till morn
ing.-Lynchlurg Rspabacon, llth. aa
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