Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1866-03-14


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ORANGE & ALEXANDRIA RAILROAD.
The following report has been made to the
Board of Public Works, ty Messrs. b. II.
Shackelford, S. w Ficklen, J. j. Wheat and
John G. Beckham, committee appointed by
the stockholders Of the Orange and Alexandria
Railroad Company to settle the accounts OF
Messrs. Jameson l. Quigley. The report will
explaia, the negotiations which have taken place
for the transfer OF The road to the Company S
officers, and the necessity which has arisen Tor
another appeal to the Bylrl Of Public Works.
To the Board of Public Works Of Virginia:
The undersigned, committee appointed by
the stock holders of the Orange and Alexandria
Railroad Company to adjust the matters OF
difference in the Management and affairs OF the
Company with Messrs. Jameson and Quigley,
beg leave to make the following report:
Mr.. Quigley stated to the meeting of stock
holders that all he desired was an investigation
Of his management of affairs, and release
from responsibility on account OF outstanding
liabilities.
Ia accordance with his wish a committee was
appointed to make said investigation.
The committee conferred personally with
Mr.. Quigl.y, and Mr. Jameson not appearing
in the meeting OF before the committee, a let
ter was was sent him requesting report and
r. tbo "A, of tho
copy Of which is herewith filed marked ~. .
To this letter Mr.. Jameson responded, refer
ring the Committee 10 to the books OF the Of
flee for inspection, copy of which is herewith
fled, marked ''B" Mr.. Quigley reported in
writing a statement Of the condition of affairs
of the Company from June 27th,. 1865, to
February 2Sth, 1866 copy of which is here
with filed, marked &C." Accompanying this
statements were accounts OF debts and assets
for the same period, copies of which are here
with filed marked l and 2, These papers eS-
hibited all the liabilities and debts Tor which
Messrs Jameson and Quig)ey desired relief
and exoneration. They show the total expense
of the road to be S72l, 1888 C9
And the total earnings to be 469,77l 80.
Leaving deficit of PSI SCI TO-
The committee after conference with Mr..
Quigey; and iudiug it impossible to make sat
istactory examination of the correctness of these
accounts, referred the facts, to the meeting,
with the papers and accounts referred to, and
recommended the adoption of a resolution ar-
pointing another committee, with tull powers
to adjust all these matters on the terms therein
specified, viz ''to assume and satisfy all liatili-
ties for which said managers had become person
ally responsible whenever sufficient consldera-
ton therefor has in the opinion OF said commit:
tee, ,enured to the benefit Of said company, and
said company were Instructed to report to the
Board of Directors the results Of their lnve: t.
gatons This report and resolution was salts
factory to Mr.: Quigley-it was accordingly
made to the meeting and on consideration
thereof. was adopted and the same committee
we're appointed which previously had charge
of the matter with one exception. a copy CT
this report and resolution, together with
printed report Of the whole proceedings OF he
meeting is herewith filed marked ID. ="
In pursuance OF the powers and duties OF
said resolution, the committee had frequent
conferences with Mr. Quigley, and finally with
his counsel, Mr. Wells, and no other or farther
charge or liability being advanced ormentloned
they conferred together for a final determlna-
ton The committee found it impossible to
examine the correctness Of the items constltI-
ting these accounts-to have done this would
have required the services OF commissioner
in chancery tor long time, and at great ex-
pense, and the consequent delay and danger OF
satisfactory adjustment. Considering there
fore, that it was better to get possession OF the
road ut once, and to pay something indeed,
much, for what was manitestly right, and III
spirit ofcompromise and concession, they IN
formed MIR. Quigley, in the presence of-hls
said counsel, that they were willing to take his
accounts as he had rendered them, and to as
sumo the liabilities of Messis Jameson &
Quigley, as they appeared upon said papers.
The chairman of the committee after a con-
sultaion with Mr. Quigley and his counsel as
to the mode and form Of the report OF settle
meut and surrender Of the road, was about to
reduce the same to writing, when for the hrst
time the committee were informed by MI
compensation for their services; that he did not
consider the same as covered by the accounts
rendered and acted upon, and that SAID COM
penSation. demanded was the sum OF $l5, 900
for the period Of about eight months OF their
management. The committee consldcnsngth the
demand as unjust and enormous, and that tull
compensation had already been included in said
accounts, rejected the demand, and the propos-
ed adjustment was therefore, rejected by said
Quigley and abandoned by the committee: The
committee, therefore, reported their failure to
make said adjustment to the Board OF Directors
and they passed the following order requesting
the committee to visit Richmcnd and lay be,
fore the Board Of Public Works Il statement OF
this action and account of their proceedings
had in full, which they have now accordingly
done; copy of said order in herewith filed,
marked ''E y The committee requests the
immediate action of the Board and theresto-
ration of the road to the officers by the
stockholders. 1t is row Illegally withheld by
Messrs. Jameson and Quigley. When restored,
all accounts can and will be justly and properly