The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1868-04-09
Special Meeting Of the stockholders
Of the Western maryland Railroad.

We take the GLOWING fssm the Bal,
timore Suhoi Friday:
In pursuance to a notice given by the
county commissioners of Washington
county. representing 1900 shares, and
Robt T. Banks, Mayor OF Baltimore,
representing 1000 shares Of the capital
stock ofthe Western Maryland railroad,
a special meeting Of the stockholders
was held yesterday, at IL NJ, IN the
first branch council chamber, for the
purpose of Determining whether any
additional legislation IS necessary %
further the progress Of the road, to de-
wise means 10 raise funds for its con-
struction aud completion, also TO elect q
new board OF directors, and to inquire
into the cxpcdiency Of removing cx-
mayor Chapman from the presidency
aud Of electing successor.
The meeting, numbering some seven.
ty.iise gentlemen, was called 70 order
by Mayor Banks, on whose nomination
IIon J. X. Longwell, Of Carroll county,
was chosen az chairman. J. M. Ste.
venson, Of Baltimore city, and Joshua
Bigg, Of Frederick, were elected vice.
presidents, aud Edwin Bell, Of Wash.
ington county, secretary.
Capt. Irwin stated that as ono of the
most important objects Of the meeting
was tho Impeachment Of the prcsi.
dent Of tho company" aud a. in casos
Of impeachment managers" we're ne.
ecsssFy, he would inquire who we're the
nanagerky Lot them bring forward
their charges.
Noresponse was made 10 the inquiry.
Edwin Bell, Esq, Of Washington
county, stated that this call was pub
lished after efforts to complete the work
81 the road 10 Ilagcrztown. Tho only
means devised was 10 raise $500 900
by waiver Of priority Of mortgage
for 5000 900 held on the road by tho
city Of Baltimore aud Washington
ecunty in favor Of another mortgage
proposed 70 be given 20 raise $500, 900
necessary TO complete the road 70 Hag.
osstgwu.-a9 milcs--yes remaining an.
tinisbcd Tho necessary State lagisla-
tioa 10 carry ont this scheme has been
had. 10 the course Of Investigation by
thc Baltimore city "a hofi,ics and the
Washington county commits iioaass il
was found inposaihla, under the pres.
cht management, caused By want Of con.
tdcnce 10 the present president, Mr.
chapman, io.pnsh ths work successfully.
The causes o. thu lack Of confidence
che speaker would net now 20 iaso.---
Feeling convinced that a Change IN the
Standardization was absolutely neoesSa,
~, Il the work we're expected 10 90 90,
this cali WAS Published. add the stock
holders, including tho representative
Of Baltimore city ard Washington ooun.
y, arc now assembled ready 10 vote.
10 Response 70 IA inquiry, w. A,
Fisher, Esq. counsel Of She company.
stated that three lava bad been passed
by the Legislature ia' favor Of the road
little tirst being ios the cxlontion OF
time for the completion Of the road for
Eve years FROM the 5th Of March. Is.
CS; the second b. authorize the Wash.
iugton county commissioner aud the
city 81 baltimore TO postpone the liens
on the road Tor the purpose Of letsisg
10 mortgage Cor $500 300 With which
the road viii be auished 70 Ilagera1wn;
the third law is 20 enable tbs company
60 issue any part ofsl 900 900 ofbosds
10 the event Of the liens spoken Of being
postponed
VIM. kcyter Esq. OF Baltimore city,
asked that specific charges should 10
made. This general srstemcnt of NAL
administration without specific charges
was Improper
John II Barnes, Esq, city register,
called attention TO the fact that the
charter required 3 msjorily Of the stock
10 be represented either BY pcrsaB Or
IN proxy, which fact IL was necessary
10 appear on tho record.
The treasurer Of the road, john II.
Boyle, Esq. anaoanced thai the nun.
Der 81 shares issued waa l2,l88, Of
which the city Of Baltimore and Wash.
ipgtcn county represent 900 shares, Q
majority Of the whole.
Capt Irwin moved that, as a majority
Of the stock Is represented, the meet.
Ing proceed to busiaass, which was
adopted.
The judges Of election appointed By
the present board Of directors were an.
noauced as follows: Nathan lIaincs.
V w. Humricahouse aud Aaguslda
Shrivsr.
John Wills, Esq, at some leagth,
gave history Of the road the country
70 develops the vast amount Of benefit
TO the Seate and city resulting from ils
practical operation, and tho Importance
OF its early compiotiou. Is ~
John Leo Chapman, Esq president
OF the company, stated that the origi.
nal contract for the building Of the
road was 81 ,597 600, including the con.
strnction Of tunnel. The iunacl was
afterwards avoided reducing the cost
70 81 ,447 600 Asterwards IL was
found that the contractors were not act.
ing fairly, having subtle. the contracts,
aud drawing; 10 advaDec Of work done.
A compromie was effected with them
By which geo shares We're returned By
them TO the company, and the work
then progressed with thesub4eontrac,ors.
From the sale Of securities S6Jl 900
have been realized Seven miles Of
railroad iron, spikes and cross ties have
been purchased at u cost Of sjG, 25G 72 i;
three miles Of track have been laid from