The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-02-10
and Mr.. DeLeon, Mr.. Bruins, Mr.. Trenholm
and others in Its favor.

was called to order by the chairman, the Hon. |
W. D. Porter.
The report Of the managers of elections was
submitted, and the chairman announced that
the following gentlemen were elected directors
of the South Carolina Railroad Company:
l W. J. MA0RATH. 9 1. J. PELzRR.
GEO. A. TRENHoLM. 10 d. II. RICE.
3 JOHN HANCkEL. II II. ii. DELEoS.
4 G. w. WILLIAMS. IL DANIEL TYLER.
HENRY GouRDIS. II ". A. CoURTENAY.
6 C. M. FURMAs. IA JAMES 8. GIBBEs.
L.. D. DESAUssuRE. 15 JAMES P. BoYCB.
8 ANDREW SIM0NDS. ,s
The chair announced that the following gen
tlemcn were elected directors Of the South-
western Railroad Bank:
l !. G. COCHRAN II. @. HOLMES.
2. 3. OAKEs 8 IT, II. LOCKE.
w. a. PRISGLp. sJ. II. WILSON.
a L. D. DESAUssURB. 10 J. G. CRANE.
S W. A. CoURTESAY. IL ]. N. N. WouLTAAsN.
8 w. j. MAGRATH. II J. p. BoYcE.
Mcssrs. F. j. Porcher and G. M. Furman re-
ceycd the same number Of votes, and 1t being
stated that Mr.. Porcher did not desire to serve
and was ineligible, the meeting, by acclama-
ton, declared the Hon. C. II. Furman duly
elected.
The following committees for 1871 were ap-
pointed:
on P,orts.-Meesrs Stock, Burnett and Hen
bricks.
on Electtons-Aessrs. Huchet, Hutchinson
and Lance.
The business lying over from the morning
session was now called up.
Mr.. Holmes inquired whether quorum was
present and announced his intention OF calling
for stock vote.
In reply to questions the chair decided that
any member could call for o stock vote, and
cave his reasons for so deciding. An appeal
being taken, the decision of the chair was sus-
tanned.
Mr.. White moved that the report of the
Committee on the Report of the President and
Directors be adopted, the paragraphs which
had provoked discussion being first stricken
out. The paragraphs beginning 'the commit
tee cordially approve" and ending ''separate
and diverse interests" were stricken cut and
the report adopted.
Mr.. Trenholm now moved to take up the
resolution authorizing the consolidation of the
half shares, whercupon Mr.. Holmes moved to
adjourn sine die, upon which he called for
stock vote. Mr.. Bruins moved 10 lay the mo-
ton on the table, upon which stock vote was
again called for.
number of unfrultful motions were made
and withdrawn, and after more discussion
resolution was adopted that the recommenda-
tions of the directors in relation to consOlidat-
ing the half shares be referred to committee
of three, who shall report to special meeting,
to be held on the first Tuesday In May next,
when q stock vote shall be taken upon the
question, the stockholders being passed to and
from said meeting free Of charge. The chair
was authorized to appoint the committee at
his leisure, and the committee were empower
ed to take, in connection with the solicitor of
the company, such opinions Of counsel as might
be necessary.
On motion of Mr.. DcLcon, the chairman va.
Gated the chair, which was taken by Captain
James r.. Wclsman.
The following motion was then made by Ar.
DcLeon, and unanimously adopted:
! Resolred. That the thanks OF this meeting be
tondcrcd 10 the chairman Tor the a5so, dignitied
and courteous manner In which he has dischars-
| cd his ar1upuS duties.
Upon resumlng the chair, Mr.. Porter thank
ed the meeting, not only for the honor done
him in appointing him chairman, but also for
the kind terms in which they expressed their
opinion of the manner in which he had dis
charged his duties. He congratulated the
meeting upon the harmonious result they had
reached, and also upon the prospect OF renew
cd prosperity for the company. The fate
the road was intimately connected with tho
iatc of Charleston. If the road could do
larne and increasing business, Charleston
would prosper, and with Charleston the whole
State. Than this there was no consummation
more dcvoutly to be wished. We may, ne said,
have our little differences of opinion, but we
arc oil friends at last. And what we have now
to do is to lock our arms together and march
shoulder to shoulder toward the one great aim
of our lives-the welfare and peace Of this our
much-loved city. [Applausc.l
On motion of Mr. DcLcon, the meeting then
adjourned, TO meet in Charleston OH the first
Tuesday in May next.