The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-04-20
as tho fl st duty Of the succeeding

suggest rs The II II un!y OF ths succeeuinS
Board of Directors:
The Investments so Ear made In the pur-
chase Of the two steamers, and the erection
of works at the ship-yard, have been made
Mt much less cost than could have been an
ticipatcd upon any reasonable calculation,
and the utmost care has been taken to re-
duce expenses to the lowest practicable
limit. ~
THE GREAT OBJECTS OF THE COMPANY
are in fair way TO fun accomplishment.
From what has been done In the short
space Of six months shippers have learned
their power. and it is now apparent that
they have only 10 remain united, and
pursue their purpose with COM
mon will. to complete and make per-
mancnt what has been so well be-
gun. The result Is in their hands. They
may divide or lose interest III the en-
'crprisc. or yield TO the temptation offered
them for the purpose Of breaking down
their line, and thus bring hnck the incubus
of former rates upon their trade. or by
moving rs one body. steadily pcrsevcring
| intheir original plans. and becoming more IN
earnest rs they progress, command success,
and realize the fulflment Of all their hopes.
We expect vet to see y line OF first-cl lass
iron propellers plying daily between Viz
| ginia and New York at minimum rates OF
| freight managed with 4 view to crtcndsa9
| The market for The manufactures and pro-
ducts Of Virginia. and bringing back in re-
turn, on the most advantageous terms, the
varied articles of commerce which reach
all parts Of the land from the great depot
| of New York.
On motion of Mr.. N. NJ. Tanner, the re-
port was unanimously adopted. -
AGENCY AT IySCHBURG.
| Mr.. Goodman addressed the meeting on
behalf of the stockholders residing in
Lynchburg. asking that an agent of the
company be stationed at that place.
On motion of Mr.. G. +. Watson. this ap-
| plication was referred to the directory to be
elected at this meeting.
| NEW DIRECTORY.
The Chair appointed the following COM
mlttee to nominate directors for the cnsu-
ing year: l.. Fl. Frayser, N. Nj. Tanner,
John Purcell, j. H. Pemberton, and G..
Is. stacy. The committee presently report
Cd the following nominations
! Mchmomd.-E. o. Noting. r.. A. Paine,
| &. +. Watson. John Il. Chillrcy, A. L. Ell
lett, ID. j. Burr, S. M. RoScnbaum, S.
Alexander, c. Il. Workman, u. I. Will
liams, j. b. Pace, l.. II. Frayser, r. L.
Brown. j. K. Anderson, S. G. Tardv, Jno.
Purcell, A. 7. Stokes, John H. Williams,
John Is. Davis, ID. {. Mayo, John II. Grea-
nor.
Petersburg.-N. NJ. Tanner, John Nc
Gill, 5. \. Plummer, r. c. McIlwaine,
| VIM. Cameron.
Norfolk.-C. w. Grandy, Jr., Jas. Mont
gomery. Geo. Chamberlain.
Lynchburg.-A. =. Rucker, VIM. King,
| Dnnrtllc.-J. II. Pembcrton, W. L. Suth-
erin.
Ne,c Tork.-Gcorge Washington, Alex.
Foreman.
On motion of Mr.. Bryant, the report was
adopted, and the gentlemen named were
declared elected.
The meeting then adjourned.
MEETING OF THE BOARD.
immediately after the adjournment Of the
stockholders the new Board of Direcia rS
met. Mr.. Tanner, of Petersburg. in the
chair, Mr.. David ]. Burr was reelected
president, and the old Executive Commit
tee, consisting of Messrs. G. +. Watson, :.
Alexander, and {. I. Workman, WAS also
reelected.
enc thousand copies of the report read
by the President were ordered 10 be print
ed. The board then adjourned.