Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1870-09-24

THK HALnoAD MgETiS0. .--Tbp meeting
es.,,,, w tho old Asbtabula and New Lisbon
Company 10 oniegt1p dh., ,glaSe ~ the goth inst
for the purpose Of turning over The effges o..
the old Company TO the new--Ashtabula,
youngstown ,& Pittsburgh Company
place at the otlse OF o. II. FITcH. The meet
ing was we'll attended by stockholders and Of
fcers OF both Companies. President MCRA.
ny with his keenness and.ready ability for bus
incss, was on hand, and we presumc the meet
ing lost nothing in promptncss and facility Of
movement by his presence. The meeting
opened in the forenoon, and Its attention was
drawn to an interesting question started by
Judge NEwroN-the pOsiponemen of the
meeting, before voting upon the question for
wbichdt had been called, by adjournment fnr
80 days. The ostcnsible reason alleged was
that the stock OF 1he old Company was not
walueless, and that a d, finite value could be
asccrtained during the proposed interval, or by
subsequent sale at public SSclsn This pro.
position looked considerably like .enposilion.
and at once started the incidental questions
that presented themselves, with what strength,
will this proposition be sustained? and in
what interest is il Ea@le An adjournment
was had for dinner, and during ulis recess
there was some earnest and interesting Discus
sion, and the rather gcpsral conclusion arrived
at was that the proposition must have been
made in the Niles interest A consultation
after ,jnner developed the fact that there need
be no clashing or ant2g0nism, az the enter
prise was in no measure arIayed against Niles
or Warren. The result OF the consultation
was an agreement ON the partnf Judge NEW
TON TO Withdraw his motion. THIS brought
every thing into harmony, and the meeting
proceeded to vote upon the preliminary ques-
tion of the inability of the Ole Company 70
build their road. This vote was unanimous.
2l, IA shares of stock being represented in il.
The main guesion-that of the transfer. was
formal and lengthy al9aE and was mored by
A. +. HUBBARD, Esq. As provision was made
in this nOtion for the mortgage against the
road-some $11 900 to Mrssrs. HASKELL d.
WILLIAMS, it of course necessarily covered loo
much ground for copying in this place. SUI
flee il TO say that its terms were satisfactory 10
both interests, and the trans er Of all t,e prom
erty sad effects of the A. & n. L. Co. was
made to Che A., y. IL p. Company with per-
fecct unanimity. Thus was closed the bust.
ness and object of the meeting, and the effect
of the days work upon the minds of the
f fiends of the great enterprise that is to con
rect the lake st this place with the interior of
the State, and Pittsburgh, called forth the
warmest expressions of hopetulness aud pleas.
ure. The assurance before had of the early
bull!ing and completion of the road, is now
made dUubly sure by the union of intel ests
that have heretofore been arrayed against
Ashtabula and its prosperity and advance.
ment.
of the ultimate building of the jamestown
Branch, there has perhaps never been very
serious doubt. 1t has only been question of
time, The signs of the times indicate that the
day is approaching New light and hope are
thrown upon it, and now that the completioa
81 the a. Y. & p. line has become aboet as
certain US any coming event. we can see with
the eye of confident faith the enjoyment of
two interior lines of road from this s,lace and
the consequent growth and improvement of
Ashtabuia. which canrlos but give promi-
nence, IL not prepondcrence among her sis
ter towns along the shore
1t perhaps may be considered an over sight
in not aluding above TO the fact of the pres
ence at the meeting, and concurrence in its
proceedings, of C. II. ANDREWS, of Youpgs-
town, and Judge KINsMAN and DANA,
both of Warren