The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-02-21
WEDNESDAY, FEBRUARY 81, 1866.

Pennsylvania Central Railroad Meeting
THE action OF the stockholders Of the Penn
sylvania Central Railroad Company, at their
regular annual meeting yesterday, mus have
been exceedingly gratifying to the officers
and directors. The manner in which each
and all them have DISCHARGED their important
trusts was approved with singular unanimity,
Notwithstanding an attempt to subject the
report of the administration OF the atIirs OF
the corporation to the inquisition OF special
committee.
The management OF railway interest, re
presenting a property valued at ftty-tve
millions OF dollars, with an annual revenue in
the past year from all its lines Of nearly twenty
millions of dollars, is a very arduous charge;
and IL is but just that those who have borne
the burden and done the work should be
awarded a,cordial and generous commendl
ton, when, as in the present case, their con
stituents are entirely satisfied that they have
performed their duties with marked wisdom
and fidelity.
Among the resolutions offered on the occa-
sion was one to the effect that the stockhold-
ers approve OF the establishment by the Penn-
sylvania Central Railroad Company of line
of steamships between Philadelphia and Liver
pool in connection with their road, and 1efer
the subject to the Board of Directors to carry
out the details in such manner as in their
opinion will best promote the interests Of the
Company. After some discussion, the resolu-
ton was adopted; and we think that the
stockholders acted most wisely in leaving the
execution of the project to the discretion of
Board which has heretofore so successfully
conducted the affairs of the corporation.
There was some objection to the assump-
tion by the Railway Company Of the entire
responsibility OF starting the proposed line OF
steamers, and sustaining it afterwards; and it
was sugg sted that the Company should have
the earnest cooperation of the commercial
classes of Philadelphia. But that suggestion
we hope, was superhuouS. Our merchants
and manufacturers will no doubt see the
advantages they will gain in having direct
communication with Europe, and their OBJ
vious interest will certainly prompt them to
90 all they can to encourage and support an
enterprise that must contribute SO largely and
Immediately to their benefit, and to the general
prosperity OF this city. On this subject we
quote and endorse the excellent sense of the
following passage in the report OF the Presi-
dent and Directors of the Company
al the advantages of locality possessed by
this city are permitted to pass by unlmproVed by
her merchants, they must not complain that
those OF the West seek other markets to sell an
buy in. The Pennsylvania Railroad Company
has offered every facility TO bring to the city the
produces of the great West, as well as for their
storage while here, and will feel deeply inter
esled in any corresponding effort upon the part
OF our merchants and capitalists to avail them.
selves of the advantages thus provided.
Although this Company was organized only to1
the purpose OF carrying freight and passengers
to ana rom the lnJerior and the West, yet it has
repeatedly signifed its disposition to aid in the
establishment of steamship line between this
port and Europe, that the ecessity for sending
Western products to New York for shipment
abroad m ght OF least be diminished This aid
has been offered by subscription to the shares o.
a company TO be raised for that object, or BY
paying six per centum upon the amount of capi
tal so invested, together with other valuable aud
important business facilities; and Ghey still hope
that the mercantile community will cooperate
il such manner as to render this aid efficient"