Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1867-11-22
Annual Meeting Of the Stockholders
Of the O.. A. e Nj. II. IL. Co.

fcaSSemOleu at inc l1yCcum Hdh yeolcludy
evening, at 81 o'clock, when Mr.. Mass!e, Chair
man OF the Uommitee On Proxies, reported
.thatza majority Of the stock Of the company
was represenled-report accepted.
The chairman then announced that the meet
ing was ready for business whereupon .
Mr.. Barbour read and submitted the report
Of the President and Directors. n
The report of the Chief Engineer and Gene
raj Superintendent was extread, and then
Col. W. B. Shepherd submitted the report
of the Examining Committee, which, after
few remarks from Mr. Barbour, protesting
against charges being brought against the
agents OF the company upon mere hercsay EVIL
dence, thereby rejecting upon the Directory,
and by Mr.. B. H. Shackelford, in vndicatlon
of the course pursued by the committee, was,
together with the report Of the President and
accompanying documents, referred to a special
committee, consisting Of N Fl. Massie, of Al
bemarle ); F. L: Smith, Of Alexandria /; +. NJ.
Lathar, of CuIpeper j. II. Lee, of Orange;
and J. i. Pascoe, of Lynchburg
COL R. E. Withers, on behalf of the Lynch
burg and Danville Railroad, addressed the
meeting in few pertinent remarks, urging the
claims Of his road upon the stockholders here
assembled and pleading not only for moral but
material assistance. He concluded by offering
the following resolution:
Resozed, That the stockholders of the
n L.. i RuII rnuI
feel lively interest in speedily completing the
Lynchburg and Danyille Railroad, recognizing
fully it's importance Us a virtual extension OF
their road, which, when completed, will pu,
them in direct communication with system OF
railroads, constituting the shortest line between
New York and New Orleans, that is now OF
can be constructed, and they cheerfully avo~
their purpose to render material aid In the con
struction of said Lynchburg and Danvle Rail
road, SO soon as the financial condition or the
com pany will Justify them in so doing.
Mr.. Massie suggested that the language o.
the resolution was rather strong, and thought
that it had better 60 to the Committee on the
Reports.
Mr.. John Wood, jr., objected to the word
Ing of the resolution, and moved its reference
to the Special Committee on Reports; which
motion was adopted.
90 motion of MIR. w. H. Gaskins, tho
amendments to the Bylaws, proposed by him
elf, and of which notice was given at the las
meeting of stockholders, were referred to
special committee appointed by the Chair, a
follows: w. f. Gaskins, j. j. Wheat, ant
John Wood, jr
The meeting then took recess until 7:
o'clock
Upon rcasscnbling, at Il O clock, MIR. Mas
sic, Chairman OF the Committee to whom wa
! referred the reports Of the President, Examln
ing Committee, and accompanying documents
made the following report, which on motion
was adopted: -.
The committee TO whom was referred thu
Presidents report, with the accompanying
documents, the report OF the Examining Com
mittee, and the resolution upon the subject o.
the !.ynchburg and DanvilIe Railroad, beg
leave respectfully to report that, alter careful
examination of those documents, your commit
tee do not deem it necessary to say more thar
that the exposition OF The condition OF the
company's affairs is all things considered, 8
most favorable one, and celtalnly calculated tt
meet any reasonable expectations which had
been formed. The finances have obviously
been iudiciousIy managed, and there is now Il
solid ground for the nt'ience which Is being
so rapidly builtup in the public, mind III the
ability of this company to preserve IT'S lormel
high credit. ~
-. The report of the Examining Committee is
MI - no
consideration OF the officers OF this company a.
to some of its suggestions. Your committee
cannot suppose for moment that that COM
mittee intended any reflection upon the Board
of Directors for want of due care when refer
ring to rrunors which had reached them as to
unsuitable appointments that had been made.
It is respectfully suggested, however. that the
members Of the committee, or any other stock
holder, who may be in possession OF any lntor
nation upon this subject, will best promote
the interest of the company by laying that IN
formation before the President and Board OF
Directors. who alone have the power to rectlfy
such errors. if they have been fallen into.
With rcfereucc to the resolution referred to
vour committee. touching the construction OF
the Lynchbnrg and Danville Railroad, whilst
the committees feel well warranted III saying
that in their opinion it will, when constructed,
be most valuable link in great chain of in
terpational railroad communication, of which
their own forms another part, and consequent,
10 that the stockholders of this company will
look with lively interest upon the enterprise,
assd at a suitable time may be prepared freely
ss lend material aid to its construction, yet, at
the present time, they respectfully suggest that
ii would not be desirable Tor this company to
give any specific pledge, such as would Re con-
strucd into financial obligation; and, there
fore they recommend that its further consid.
Grafton be postponed to the next annual
meeting,
On motion of MIR. Chapman the meeting
then proceeded to the election of officers, when
john s. BARBOUR was unanimously re-
elected President; and D. F. Slaughter, ". g..
Cazenove w. D, Hart, r. A. Coghill, K. C..
Marshall, and s.. A. kaufman, Directors on
the part of the Stockholders.