The Portland daily press., 1870-10-22
[From our Correspondent
Meeting of the Stockholders of the Il och
ester and Nashua Railroad Company.

DERRY, N. H., October 20, 1870,
The stockholders Of this corporation met at
Derry this forenoon. The meeting was
| called to order at II o'clock, by General
Alfred Hoyt of Durham, N. H., Chairman of
the Board of Directors A motion was made
to proceed to the choice Of fifteen Directors.
1t was stated by Mr.. Melvin of Chester, that
the provisions of the charter gave the corpora
ton power to choose but seven Directors, and
he was unwilling to depart from this provision,
1t the future interests of the company in any
way were to be iDjuriously affected thereby,
and he called upon Judge Sawyer of Nashua,
for his opinion. Judge Sawyer replied, and
| gave history of the original charter and pur-
pose of the Nashua and Epping railroad COM
papy-the several changes that have since
taken place, and the reasons for the last altera
ton, which established the Nashua and Roch-
ester railroad company. The provision for
seven Directors was found in the original char
ter, which might have served the interests of
the company at that period. Last year re-
CARELESS of this provision, probably through in-
advertence, the stockholders elected nine Di-
rectors, and, as the true interests of the cor
poration at this time manifestly demanded fif-
teen Directors, it was his opinion that it would
be the better course to elect this number The
decisions of the courts were such that any
proceeding or act Of the larger number would
be valid, and as the interests of the road were
SO intimately connected with the welfare of
the State of New Hampshire, and there was
such general interest in its speedy compile
ton, that there was no doubt but that the
State Legislature of next June would be ready
to give the people legislative action to make
everything valid. Several other gentlemen
made remarks in favor of fifteen Directors.
The avowed purpose appeared to be, to bring
into the Board of Directors men of influence
and wealth from the States of Massachusetts
and Roode Island, from whom they bad had
assurances of large subscription to the stock of
the company. 1t was claimed that they should
thereby be represented. Col. Waters OF Gro
ton, Mass, stated that he had made up the
ticket for Directors without consulting any
one, and that he was willing to be held respon.
sbe for it; that his only purpose was to bring
about the early completion of the road; that
he fully believed in the enterprise, and with
inc Board .of Directors that he purposed to
elect, he felt sure that work on the road would
|
Ihere was some sharp talk between the friends
OF what is lcalled the lower route THROUGH San
uo"n and the upper route through Chester.
NoltlnSham &C., and there were indications
OF Management to bring this question into the
selection of members of the board of Directors.
The vote in favor of choosing fifteen Directors
was unanimous and the corporation made
choice of the following board: lothian d. OF.
terson, Nashua, N. H.. Francis H. Kinnicut
Worcester, Mass; Gilman Scripture, Nashua
N. H.; Alfred Hoyt, Durham, N. H.. Francis
H. Dewey, Worcester, Mass; Charles
A. Whiting, Whitingville, Massachusetts.
Thomas j. Melvin, Chester, N. H., Elijah r
Stoddard, Worcester, Mass; Charles E Smith
Worcester, Mass; Charles s. Turner, Worces.
ter, Mass; Charles H. Waters, Groton, Mass
Nicholas V. Whitehouse, Rochester, N. H,
Josiah G.. Eastman, Hampstead, N. H.
j. II. Butler, Nottingham, n. H.; G. Char
tlett, Derry N. II. For Clerk, Archibald Fl.
Dunlap, Nashua, N. II.
The meeting was addressed by gentlemen
from Massachusetts, and by stockholders
along on the line of the route. Messrs Deane
and ROBBIE from your city were called upon to |
make remarks, and addressed the meeting.
What was said appeared to be well received
The meeting was large one filling the largest ]
hall in town and it appeared as if there was no |
doubt but that the road would be put under |
contract at an early day. Messrs. Kinnicut and |
Turner from Worcester and Mr.. Whiting, one |