The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-12-13
LOCAL MATTERS.

MEETING OF THE STOCKHOLDERS OF The
RICHMOND AND DANyILLE RAILROAD.-The
annual meeting of the stockholders of the
Richmond and Danville railroad was held
Yesterday at the Exchange Hotel. On mo-
ton of Mr.. 4. S. Buford, Mr.. +. NJ. Wat
kins, of Prince Edward, was chosen chair
man of the meeting, and Mr.. j. d. Blair
appointed secretary.
On motion, Messrs. f. BarkSdale, W. W.
Darlington, and 7. 7. Giles were appointed
committee to examine the proxies. The
committee reported 2,069 proxies, besides
the State representation, present.
Mr.. Martin, of Henry, moved that the
Presidents report be referred to COM
mittee of seven. The motion was adopted.
Messrs. W. Martin, Charles Bruce, W.
T. Scott, L. G. BarkSdale, DR.. Ash'lSon'
W. W. Darlington, and 2, T. u"tie'' "e'o
appointed on tho committee.
Tho roport of the committee on accounts
and the affairs OF the company (Messrs. D.
]. Burr, Thomas S. Flournoy, Thomas D..
Neal, L. Barlsdale, Jr., and William NJ.
Tredway, whose excursion last week upon
the road has been noticed in this paper,)
was presented TO the meeting. This report
opens by reference to the Greensboro
extension, which they represent as in ex-
celent condition. They say "The road
bed is very solid, the rail heavy, and the
cars run as smoothly over it as the traveller
could wish" For the transit Of heavy
freight the grades are at some points
% greater than need be-" These grades
we're made for the want of powder and
steel with which to blast the line of proper
location during the war, but may be ira
versed with perfect ease until there IS time
| to follow the true line.
The committee speak favorably of the
entire line from Richmond to Greensboro
save twenty miles of the route north OF
Appomattox, on which the rails are some
what worn; and this part of the road the
company will replace as soon as possible
1t is, however, now entirely safe. The
committee commend the good condition OF
the dep0ts of the different stations, and re-
mark favorably upon the extensive plans
for freight and passenger accommodations
in both Greensboro and Richmond.
The committee report that the rolling
stock of the company is more complete
and of better class than it ever has been
that there are twenty-five engines-sever
of them new; that there has been recently
made at the company's works near Dan
vile passenger car equal in comfort and
elegance p any from the North.
The committee notice approvingly thu
condition Of affairs at the dep6ts and office:
on the line, and commend the rules for EN-.
ployes as strict and proper. They found
no evidence Of incapacity.
They report favorably upon the books
and accounts of the auditor and treasurer
in this city, and the general neatness ahd
accuracy with which they are kept.
They second the Presidents recommen
dation to consolidate the company's deb,
under one mortgage.
They notice sum of Sl5,4IS against
Bayne S Co., growing out OF the impropel
use of securities deposited with that house
in the course of a negotiation Of a loan for
the company. While 1T is their duty II
notice this debt, the committee say that NJ
foresight could have avoided it.
After some further reference to financial
matters, already noticed in the President:
report, the committee conclude by congra
tuiating the stockholders upon the work
ing and condition of their road at time
of so much gloom and depression.
The report was adopted, and the meet
ing adjourned to meet at half-past 7 O'Clock
Pm.