Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1868-09-17
Fer the Gallipolis Journal
Meeting of the Stockholders Of
the Raccoon River Navigation
Company.

Pursuant to notice the Stockhold-
ers of the Raccoon River Navigation
Company, met at Adamsville, Gallia
County, Ohio, on Saturday, Septem-
Der 9th, 1868, at which near S2O,
000 of the capital stock of the Com
pany was represented, and all the
contractors but one were present.
On motion of Truman Guthrie,
the meeting was organized by ap-
pointing r. ?. Porter, President,
whom on motion of DIR. Topping, j..
P. r. Waddell was appointed Secre-
tary.
Z. A. Bratton, President, eXhibi
ted statement from the books and
contracts of the Company, showing
that the total liabilities of the Com
pany is S19,227. so for construction
of the work from the Ohio River to
Adamsville, q distance of 30 miles,
including 5 new dams and 10 locks,
with excavations, DC, being all the
dams and locks on said 80 miles ex-
cept the one at the Plymale mills
That contractors were to be paid at
the times the stockholders agreed to
pay in their stock, one-fifty every
sixty days. That there is, along
the line, from the Ohio River to the
town of Vinton, A miles, subscrip-
ton to the capital stock $4,000;
that on this stock alone, there is q
surplus of S7,0725 so above liabilities
on contracts; that had the stock
been paid according to contract, it
would have met additional contracts
for completing the work to the town
of Vinton, and met the purchase
bills of cast iron wicket gates, iron
bolts, wrought spikes, DC. That
from some cause unknown to the of
ficers of the Company, many stock
holders refuse to pay in their stock,
not from anything that has been
done by the officers, but from some
other causes. That the right of way
was refused at the mouth, at the old
Wilson dam, and Herrington's mill
dam. In order to obtain it, and fix
the compensation, a statement has
been filed in,the Probate Court, on
which the Probate Court holds,
that $4,000 must be collected of
the capital stock and Directors cleo
ted, before we can condemn and ap-
propriate private property. The
case is now in the Common Pleas
Court on error, and this necessarily
delays the work at Herrington's dam,
until the decision of the Common
Pleas Court, 25th inst. The qGes-
tions arise: What shall be done
with the work above Herrington's
dam? Shall we put in the dams and
locks this fall, or lay them over to
next fall? Will the materials be pro-
tected better if put in the stream ac-
cording TO contract, or piled up on
the banks? The general impression
of the contractors is. that the work
can all be completed this fall where
we have the right of way.
E. A. Bratton offered the follow
ing resolutions, which were dis
cussed by Messrs Topping, Irons,
Beardsley and others, and adopted,
ResoIved, That the officers and di-
rectors of the Raccoon River Nayi-
CATION Co. be, and they are hereby
requested to prosecute the work
commenced by said Company, TO
completion, as far as possible, the
present season.
Resozped, That we have every con-
fdence in the success of the Raccoon
River improvement, and respectfully
request that the subscribers to the
capital stock pay the same in, and
that the officers proceed to take
further subscriptions and collect the
stock according to the contracts.
On motion, the Gallipclis Journal
Gallipolis Dispatch and zaleski Echo
are requested to publish the proceed
ings Of this meeting.
r. P. PORTER, Pres.
JP.R. WADDELL, Sec'y.
Senator Fowler and General Dix