The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1870-05-05
The Stockholders Meeting.


The annual meeting of the stockholders of
the Greenville and Columbia Railroad was held
in the city of Columbia on Thursday last. On
motion, D. II. CHAMBERLAIN, Esq. was called
upon to preside over the deliberations of the
meeting, and Mr.. G. V. CARRINGToN requested
to act as Secretary. The committee on proxies
and stock representation reported nearly 10000
shares represented. President HAMMETT read
the annual report of the President and Direc-
tors, which, with the General Superintendent's
report and the usual tables, were received and
adopted An amendment to the bylaws was
then proposed and agreed to, creating the Office
of Vice President. Other changes were made
in the bylaws, but we are not apprised as to
the nature of these alterations. A resolution
was adopted, which accepts as part of the
charter Section 11th of can act to regulate the
rights and powers of railroad companies" pass
ed Feb. IA, 1870, by which the Directors are
empowered to consolidate with other railroad
companies, and carry out other provisions of the
aforesaid act of the Legislature.
The election of officers for the ensuing year
was the next business in order. Of course,
this was agreed upon before the meeting, and
the parties now controlling the company had
printed tickets. The following is the result:
President-Frederick Bush.
Vics-P President-J. J. Patterson.
Directors-John j. Patterson, ]. W. Harri-
son, Niles G.. Parker, James L. Orr, Timothy
Hurley, D. NJ Porter, Joseph Crews, Fl. 81.
Kimpton, James NJ. Allen, A. J. Ransier,
George W. Waterman and F. L. Cardozo.
A complimentary resolution of thanks to
President HAMMETT, the Board of Directors,
and Superintendent MEREDITH, was then adop-
ted
A free ticket for life was voted to President
HAMMErr and family.
Resolutions of thanks to Mr.. CHANBERLAIN
for the able and efficient manner in which he
discharged the duties of presiding officer, and
to Mr.. WRIGHT for the use of Nickersons Hall,
were adopted, and the meeting adjourned.
The Board of Directors held meeting on
Friday night, and elected the following officers; !;
G. V. Darlington, Secretary; Reuben Tomlin-
son, Treasurer; D. 81. Chamberlain, Solicitor; (;
John II. Moore, General Superintendent. Su-
perintendent Moore was formerly connected
with the New York Central Railroad, and is
said to thoroughly understand his business.
President BUSH, JOSEPH CREWS and GEORGE
w. WATERMAN constitute the Executive Com
mittee. Mr.. ]. o. MEREDITH has been elected
Superintendent of the Workshops at Helena.
The Columbia PheniS has been informed
that President BUSH is gentleman of means
"a New York banker, and that his intention
is to 90 to work at once, and put the road in
complete order, so as to rank it as frst-class
We are not fully posted as to. the details of
the present arrangement, and neither are we in
possession of much information concerning the
new President and some of the Board of Direc-
tors. It is understood, we believe, that the re-
cent transfer of stock made at 50 per share has
thrown the Road into the hands of joint stock
company, embracing twelve shares, and that
these shares are held by prominent members of
the State government, some of whom are repre-
sented upon the Board either by themselves or
others. There are many surmises as to the flu
ture prospects of the Road, in which the people
of this section are deeply interested, and time
will develope the facts, we presume. 1t is not
material as to the persons controlling the des-
tines of this or any other Road, if the admins
tration of its affairs is marked by prudence and
honesty, and for the best interests of the coun-
try. While we are not disposed to censure or
condemn without just cause, we are equally op-
posed to any laudation of this new regime until
the results shall justify it. We acknowledge
that the reputed owners of the majority stock
are not the persons we were induced to believe,
in January last, were seeking to gain control of
its affairs for the purpose of inaugurating an
auspicious era in its history. They are not the
agents of corporations and capitalists at the
North, as we understand it, but the majority of
the present owners of the Road are influential
members of the Radical party of this State.
Whether the power and patronage of the Road
are to be thrown in favor of that political party,
we are unable at present to determine. But
this much we do know, that its destiny is in the
hands of an entirely different class of men from
what we expected, and we feel it due to truth
and justice to state this fact in the plainest and
most unmistakable language.
The Savannah Valley Railroad.
Our Abbeville neighbors are about to revive
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