The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-10-31

the stockholders, five per cent. payable
within thirty days, and five per cent.
within ninety, and that they proceed with
ont delay to enforce payment from all de-
linquents by the promptest and surest pro-
cess of the Aw. $50
8. That the president and directors be
advised to suspend the active operations
of the company, taking due care Of all It's
property, dnif The stockholders shall have
so respondedto the acquisitions upon them
as to supply fund sufficient to pay the
debts and extend the business without fur
ther embarrassment. tsr =
7. That as the creditors have In the OBJ
legation, willingness. and ability Of the
stockholders to pay With honorable prompt
ness the debts respectively due the ann
plest security therefor, they arc respect
fully appealed to to fofbear such proceed
ings as can only tend to delay, embarrass,
and iniure. the company, without in any,
wise Fastening that resnlt Of speedy liqui-
datior which the stockholders desire and
aim at not less earnestly than themselves.
8. That the stockholders now present
address themselves with confidence to their
Observation-Disclosures, urgently but most re-
spectfully reminding them that they can
not and ought not to seek to cyade re-
sponsibility for the debts already incurredi
and that, m Justice to all concerned, the
commercial enterprise 10 which we have
entered, 80 needful as it is to the business
Of the country, and Of which we esteem
the future success already assured, cannot
be abandoned without eminent discredit.
They therefore trust that each st0ckholder,
for his own sake, and for the sake of tho
company, will respond promptly and fully
to the calls made upon him. .t... x.
9. That the president and directors be
specially Instructed to cause the interests
and rights of the company now in litiga-
tion in Alexandria, Baltimore, and New
York, or elsewhere, to be diligently cared
for and protected. ar-
10. That as soon as the debts of the
company. shall be paid, or satisfactorily ar
ranged, the business shall be gradually re-
sumed, as fast and as far as circumstances
shall allow, and at all events in season for
the spring trade.
IL. That the president and directors be
instructed to apply to the General Assem-
bly, of Virginia, as soon as it shall con-
vene in December next, for an amendment
to the charter reducing the capital of the
company to minimum Of 81 100000, with
power to increase it TO So 5000, and limit
ing the liability of stockholders upon their
existing subscriptions to forty per cent.
thereof. -.,.....
IL. That it shall be an irvariable rule,
from which the president, directors, and
| int nd nfu mn ~
allow no departure, that all the employees
of this company who receive or disburse
money shall execute and file with the
secretary, before entering upon their
offices, bonds, in adequate penalties, and
with sufficient security, to be renewed from
time to time as occasion requires, for the
faithful discharge of their duties.
Is. That the utmost energy and prompt
ness on the part of the officers and en-
ployes of the company, with a pervading
spirit of economy, are deemed necessary
to success, and therefore we recommend
to the Board great vigilance i'll this regard.
Some discussion followed the reading of
the report; after which, on motion of Ge-
neral Anderson, it was
Resolved, That the report Of the COM
mittee be adopted, with the following modi-
tication:
Whereas this meeting is fully satisfied
that the payment of thirty per cent, as in
to carry on the business Of the company,
yet, as q matter of prccaution, this meeting
recommend that when consolidation Is eff
fected by amendment to the present char
ter, it be based on forty per cent, and an
entire release of the remaining sixty per
cent. This additional ten per cent. to be
called for or not as the eXigencies of the
company may arise, and not to be called
for unless the same shall be necessary.
On motion of Mr.. Niche, Of Staunton,
it was
Resolred, That the President be in
structed to lay before the Hon. j. @. I'm
derwobd, Judge of the Eastern District OF
Virginia, copy Of the proceedings of this
meeting. ...r a.1
REOIGANIZATI0N. t.-.
The following gentlemen were then
placed in nomination as the Board of Di-
rectors, and unanimously elected:
General Joseph r. Anderson, of Rich
| mond; W. II. Perot, of Baltimore j.
Carter Marbury, Of Georgetown; Colonel
NJ, G. Harnlan, of Staunton; X. +. Iim-
herman, of Atlanta, Ga; W. H.sWebb, Of
New York J. Foley, of Baltimore VIII.
liam Deviers, of Baltimore; Lewis Norvell,
of Lynchburg.
Colonel IIarman is the present vice-pre'
sident of the company, and has labored SC
faithfully in its behalf that it was deter.
mined to retain his services as member
of the Board.
Mr.. Norvell, ofLynchburg,>was placed
in nomination by Mr.. w. Ii. Hall, and his
election was unanimous.
| 1t is proposed to tender the office of pre-
sident Of the company to Mr.. W. II. Perot,
Of Baltimore.
General Imboden offered the following
resolution, which was adopted:
ReSolued, That the report Of the com
mittee, and proceedings thereon, be pub
l;shed in the city papers, and that the sec
retary have FIVE hundred copies published
in pamphlet form, and send one copy u
each stockholder without delay.
On motion, the meeting then adjourned
sine die. .ss1-
SUPREME COuRr OF APPEALs.-In thi
court yesterday the case Of William Harde!
and Charles Curry Us. the Commonwealth
- 81 n H.