Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1871-08-08
Valley Railroad Meeting.


The Stockholders Of this Company met at
ganzed by N. X. Trout, Esq, of Staunton,
being called to the Chair, and Capt. George
Price, Secretary of the Company, acting.
A call of Stock showed large majority rep
resented,
A petition from the citizens of South Buffa-
10 offering right Of way through their lands
free of damage, was received and referred to
the President and Directory of the Company
for future consideration.
4 motion to appoint committee OF five to
prepare business for the meeting prevailed and
Col Pendleton, Col. Preston, Col, Masse, Col.
Hansbrough and Mr.. Tams were selected
They reported the following resolutions,
which were unanimously adopted
Resolued, 1st. That the meeting proceed at
once to the election Of President and Board
of Directors for the ensuing year.
Resozued, I'd. That this Board when elected,
be authorized and empowered to receive into
their body any Directors not exceeding Is in
number, who may be nominated by the city Of
Baltimore and the B. & o. R. Company, so
soon as they shall have completed the subscrip-
ton of 81, 000,0 900 each to the stock of this
Company.
ResolUed, 3rd That the Board Of Directors
be invested with plenary powers to do ali things
necessary to secure the subscriptions already
promised and to provide for an early compile
ton of the road. .
Resolred, 18th. That section of the Bye
Laws be and is hereby so amended as to au
thorize the appointment of II Directors instead
of 16 as heretofore, and said Board have power
to increase said Board to 80 exclusive Of the
President
Pursuant to these resolutions, the meeting
went into the election Of President and Direc-
toss.
Mr.. Robert Garrett was unanimously chosen
President Wm. Allan, VIM. L. Poague, G.
A. Davidson, j. w. Massie, j. Z. A. Gibbs
and e. S. Tutwiler, Directors for Rock bridge.
P. B. Pendleton and Richard Norris, Jr., for
the B. & O. Go.
NJ G. Hartman and VIM A. Burke, for
| Staunton.
Edmund Pcndleton and T. D. Houston, Tor
| Botetourt.
Col. Hansbrough and Fl. E. Blair, for
| Roanoke
1t was announced by Col VIM. Allan, that
the larger part of the $4,000 necessary to
complete the quota of the counties along the
| line had been subscribed, and that arrange
ments had been completed by which the cash
| quota of 80 per cent. on the whole $75 900
had been advanced, lin other words, the sum
| NIT which we have SO long tugged to reach had
been passed and the road secured.
| A proposition was submitted by certain gen
tlemen on the Bridgewater and Glade line
| pledging 10000 subscription and right of way,
provided that route be adopted. The general
meeting then adjourned and the Directory met
to enter upon the details of their work and to-
provide for going to work in earnest
| At this meeting we understand prompt meas
ures were initiated to collect the 80 per cent
of the individual subscriptions, and arrange
ments were made to raise the cash quota re-
qured on the subscriptions of Lexington and
Stanton. 1t is believed that now no further
difficulty exists in securing the whole capital
stock Of the Company. Engineers have been
| put On the Bridgewater route, and we under
stand that it was decided to locate the road in
/ that county on whichever route should make
the largest subscription of land damages and
stock to the Company. We hope our Augusta
| friends will now come up handsomely, and we
think the Company properly decided to give
the Road and all its advantages to whichever
section Of the county should show the greatest
| hberality.
! We understand an additional corps of Engi-
neers is soon to be placed on the section be-
tween Stanton and Lexington that the sur
veys may be actively prosecuted along the
| whole line.
| Among those present we noticed Mr.. Garrett
and Mai. Randolph Of Baltimore Messrs.
Trout, Iams, VIM. A. Burke, Major Nc
Mahon, Judge Sheffey, Col. NJ. g. Hartman,
of Stanton; Maj J. M. McCue, COL East,
j. A. Bumgardner, Aug. Blauth, and others,
of Augusta county Messrs. Aemong and
Berlin, of Rockingham Col. j. S. Anderson,
Judge Houston, and Col. PendIeton, Of Bote
tourt; Col. Hansborough and Prof. Davis, Of
Roanoke. Lexington Gazette