The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-02-13


Why should the company plunge deeper and
deeper into difficulties 1t would be acourse
extremely iniudicious at this time. Dividends
sbould not be declared until the money is
made. and not only made but received.
Mr.. Holmes defended his resolution, urging
that the matter be referred to the Board to
iudee of its expediency, to act upon it il
considered iudicious and without limit as To
the ext,n Of the dividend. He said he knew
persons in Charleston, young ladies among
them. who owned hundreds of shares and had
not the means to travel on the road.
MIR. Rayenel said that the proposed reference
could do no harm; that it would beget con-
fidence, and make the stock more valuable.
Major Gavin said that his friend (Mr.
Holmes) could out-argue him. he did not
think that there was any danger Of many coun-
try stockholders bringing down their families,
because if they did they could not pay their
board; and as to gentlemen who own so much
stock, why they ride now all the year for moth
mo-. Major Gavin did not say how this thing
was done on the Greenville Road. Indeed,
strange to say, he did not even once refer to
that model institution]
tt was moved that the Chair appoint Com
mittees on Proxies and Elections for 1867, which
was carried.
The Chair announced the following as the
committees
On Prories-John Y. Stock, A. W. Burnett,
and L. G. Hendricks.
On Elect,ons-Theo. Huchet, Francis Lance
and N P. Matheson.
Mr.. 4. q. Zimmerman, Of Orangeburg, Of
fercd tho following resolutions, which we're
adopted:
i That the Board of Directors be instructed
to have opened at every station where there is
an agent ticket Office, and after due notice
being given by the superintendent, passengers
not procuring tickets be charged thee cents
per mile extra fare.
q That no employee Of the road be allowed
free PASSAGE unles, on certificate OF the super.
intendent that he is travelling on business OF
the road.
On motion of Mr.. Jno. Hsnckel, the meeting
took recess until P. NJ
Afternoon Session.
Tho meeting came to order at 4 o'clock, Col
onel John z. Carew in the chair. The minutes
of the proceedings Of the morning were read
and approved.
On motion Of MIR. Holmes, the resolutions,
offered by Mr.. Zimmerman, and ado l2ted in the
morning, were reconsidered.
Mr.. Holmes then moved that the resolutions
bo referred to the direction for their discre-
ton. which motion was carried.
Mr.. A. J. White offered the following, which
was unanimously adopted:
Whereas Mr.. James G.. Holmes is the only
survivor of the first elected directors OF the
South Carolina Canal and rallroad company,
fine frat constructed railroad in the Southern
States. and when completed the longest rail-
road IN the world; and whereas, MIR: Homes Is
tie only SURVIVOR OF the three who nrst mace . 3
reconnaissance Of the Louisville, Cincinnati and
Charleston railroad Company, and has elways
been consistent and active supporter OF tne
railroad system, and is largely interested in
this company as stockholder, therefore
Reso, ued, That the President and Directors
os said company be requested to present Mr'
Holmes with froe ticket Tor lie on an DranGn-
cS of this read, as ON acRnowieo6inon' Va '"iu
able services rendered.
On motion OF Colonel Furman, the President,
Colonel Carew, vacated the chair, and Colonel
Aston was requested 70 act as benpora 0n"n
man.
Mr.. A. J. White thon moved that the thanks
of the stockholders bo presented to colonel
Carow. for the ablo and impartial manner with
which no has presided over this meeting dur
ing the past two days; and that committee OF
ono be appointed by the chair to present the
sense of the meeting to Colonel Carow. Unani-
mously adopted.
The chair appointed Mr.. White, who immc-
dately proceeded to the discharge OF this
pleasant duty.
On motion Of Mr.. d. Fl. DeLeon, it was re-
solved that tho managers 20 authorized to de-
clare the election of directors in the city pa
pers, and that the meeting adjourn sine die.
BOARD OF DIRECTORS.
The following gen lemen were elected yes
tcrtlay to serve during the present year:
". j. MAGRATH.
GEO. A. TRENHOLM. T. J: PELZER
N