Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-11-26
MEMPHIS & ARK. RlV. PACKET co.
Adjourned Meeting of the Citizens YesteT-
day.
Resolutions Adopted and Committees Ap-
pointed.

uuiuAOus
Pursuant to a motion of adjournment
adoDted AT a meeting held on Tuesday
evening last, at the office of Thomas ii.
Allen 4 Co., a number of oar leading
merchants and business men me- at the
Chamber of Commerce yesterday evening
at four O'Clock, to take further action in
the matter of the Arkansas River Packet
| Company. Col. X. NJ. Apperson occupied
the Chair and Mr.. Crismon acted as sec
rotary.
Mr.. owen, Chairman of the Committee
appointed at the former meeting TO con-
fer with Capt. Adams, President of the
Arkansas River Packet Company, re-
ported as follows:
REPORT.
The undersigned, a committee appoint
ed at a meeting of the merchants OF Mem
phis, held at the contingencies OF Thos.
II. Allen & Co, November p, 1869, to
prepare resolutions expressive of the
sense OF the meeting in relation to seeur-
ing the control of a line of packets run
ming 20 and from this city INTO the waters
of the Arkansas, have had the same I'M
der consideration, and beg leave to sub
NIT the following:
The proposition of the President of the
Memphis and Arkansas River Packet
Company has been placed in hands.
1t appears hat Sl27 900 stock has been
subscribed and paid up; that of this only
$40, 600 is owned in Memphis; that this
Company has a line of steamers exceeding
in value S%20O,OOO, admirably adapted to
run from this city into the rivers of Ar
kan rs; that the property owned by the
com Sany is largely in excess of the stock,
and that it is desirable that the citizens of
Memphis subscribe stock sufficient to give
them the control of the line; that, in case
of the subscription of the required addi-
tional amount of stock, the boats, barges,
and other property of the company shall
lie appraised by disinterested persons Sc
lected by the stockholders, and that I'M
der the reorganization, the same to the
amount of 500. 600, according to the APP
praised value, shall be turned over with
out any debt or circumference upon it
whatever.
The committee have carefully exam
inedthe charter under which the company
has been organized, and find that it was
granted by the Legislature of this State,
November II, 1865, and is in due form.
Your committee have had their atten-
tion called to the efforts which have been
recently made by the merchants of New
Orleans to establish a packet company
from their city to run to White river, and
they are not unmindful of the efforts
made and subsidies granted in Louisville,
Cincinnati and other cities to establish
lines of steamers into the waters of Ar
kansas to secure a trade which, by con-
tiguity and geographical position, belongs
to the city OF Memphis. Your committee
deem it of the utmost importance to Sc
cure a permanent packet line in their
interest ana under their entire control,
and would, therefore, recommend the
adoption of the following resolutions:
ReSOIUed, That we deem it vitality i'm
portant to the trade and business inter-
r. ~ - Q
as shall secure TO its merchants and citi-
zens the entire control of a permanent
line of packets to ply to and from this
city into the rivers of Arkansas.
ResOLUed, That while we see the efforts
now being made by the merchants of New
Orleans to establish a packet line in the
exclusive interests of that CITY. and also
the subsidies that have been given and
proposed to other similar enterprises in
Louisville, Cincinnati and st. Louis, we
should not be unmindful of the interests
of Memphis, but ought, without delay,
take such action as will secure to us the
trade which by right Of contiguity, geo.
graphical position and association belongs
to US.
Resolved, That, inasmuch as the Presi-
den of the Memphis and Arkansas River
Packet Company has offered the control
of said packet line to the citizens of Mem
phis, provided they subscribe stock, so as
TO raise the present amount (which is
Sl27 600 to 500, 600, and has offered to
turn over the steamboats,, barges and
other property to the mount Of two hum
bred thousand dollars, to be appraised by
disinterested persons selected by the
stockholders without any Indebtedness or
.incumbrance whatever attaching thereto,
it is therefore recommended to the mer-
chants and citizens of Memphis that they
the required amount of stock,
81 $500 #LAa,I- ~ III aa.N-,n - 0
said line.
-ReS0IUed, That we do not desire to favor
or discriminate against any line of packets
to or from this city, but wish to encOur-
age alike any and every enterprise and
desire to compare n reconcile every
jsrring interest, so as to build up and fos-
ter the trade Of Memphis.
ReSoIUed, That, in our opinion, the trade
and travel brought to this city by this
line from Arkansas is as large and of as
much benefit, commercially, as that of
any railroad entering the city.
ReSOiUed, That we submit the accOmpa-
nying proposition and heading for stock
subscription to accomplish the object pro-
posed. Signed,
I. DennisOn, William Stewart,
T. II. Allen, j.. $. TOof,
+. NJ. AppersOn, r. p. Walt,
VIM. L. Radford, j. J. Murphy,
+. h. Martin, n. s. Bruce,
Ii. NJ. Neeley, Jesse Moore,
y. d. Menken, +. B. Crisman.
HENDERSON OWEN, Chairman.
After several speeches, expressing much
unanimity of sentiment, the report was
and resolution adopted.
The following Committees were ap-
in accordance with the above:
To cdHUdSS ADORE Madison Street-LOuis
Hanauer, b. L~Owenstein and O.P. Pres
soft. ,
To cdHUdSS belOtr Madison street-G. l..
.ennisOn, A. T. Petit and Mr.. Anderson
Of Thomas II. Allen & Co.. -,
The meeting then adjourned, subject to
he call of these Committees.
HERzOG & Bros Plaids and Stripes
be seen before you purchase any.