The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1871-12-14
TIE CHEsArsAk AND ONO RA1IsoAD MEETING.

The stockholders of the Chesapeake and Ohio
Railroad company reaasembled at the Exchange
Hotel in Richmond at S o'clock on the 7th.
The committee appointed on the presidents re-
port, through the chairmen. Mr.. Stuart, announc-
ed that they had with care examined tho report
and accompanying documents, and begged to
submit the following resolution, which was unani-
mously adopted:
Resolved, That the stockholders Of the Chess-
paake and Ohio Railroad company do approve
and adopt the report of the energetic and judici-
Gus course pursued by them in the entire manage
ment of the affairs OF the said company.
General Wickham offered the following, which
was adopted unanimously.
Resolved, That the stockholders of the Chesa-
peake and Ohio Railroad company, in general
meeting assembled, do hereby accept the proyi-
sions Of the act Of the General Assembly Of Vir
ginia, passed on the Oath day of March. 1871, en-
titled ssan act for the extension and compilation
of the Chesapeake and Ohio railroad
Maj II. NJ. Bell offered the following:
Resolued, That the board of directors BIO author
lied and instructed to ascertain and pay suita-
BILE salary to the president Of this company.
Adopted unanimously.
de e ELECTION OF OFFICERS. as 44ss
Colonel Baldwin moved that the entire pres
ent directory Of the company be re elected.
There being no opposition, the chair put the
question, which was Unanimously adopted,
The following are the name of the directors :
Messrs. G, 2 Huntington, A. A. Low, w. H. As
pInwal, Of New York; Pliny Fisk, of Pennsyl-
vaia; David Stewart, Jonas B. Clark, VIM. B.
Hatch, Of New York; H. G. Parsons, of West
Virgins John Echols, WINS. C. Wickhsm and
.Joseph r. Andorson of VIRGINIA.
Mr.. John Page moved a vote Of thanks be ten
dered the chairman Of the meeting for the eflci-
ent manner in which he has presided over its de-
| iberatons.s Carried. -sSs
| On motion, the meeting then adjourned.
The annual report oftAe President and the ac-
companying documents, read on the assembling
| of the stockholders at noon yesterday, show the
condition of the affairs of the road to be crafty
ing to all the friends Of this great artery Of COM
merce. The bonds Of the company, which were
originally placed upon the market at 30 cts, have
gradually appreciated till they now command "a
cents on the dollar, with still advancing ten
dency. The work on the line has made crafty
ing progress during the past year. The road IS
completed from the mouth Of New river to tho
city of Huntington, on the Ohio river.
That portion of the line between the mouth Of
tho New river and White Sulphur Springs Q02
miles), which will complete the line from the city
of Richmond to the Ohio river, is all under con-
tract, and the grading and MISSIONARY on eleven
miles of it is completed and the balance OF the
work is progressing SO favorably, as to leave no
doubt that the whole oft will be completed, anu
that the cars will be running daily Ger the en-
tire line from Richmond to the city of Huntington
before the close of the present fiscal year. he
report of the Chief Engineer gives full particu-
lars in relation to the work at Great Bend tunnel,
and all the other difficult work on this portion Of
the line, and also in relation to the work east of
White Sulphur Springs at the Lewis tunnel Lick
Run, and Jerry's Run, all which will be complet-
ed before the LIST of October, 1872. When this
work is completed, all temporary tracks will be
| abandoned.
The report further says:
| The surveys which have been made during the
past year establish the fact that connections may
be made at either of several points on the Chesa-
peake Bay, having good harbors and abundant
depth of water, and easily accessible from the
ocean al all seasons of the year, at moderate cost.
This subject will command the early attention OF
your President and Directors.
You are aware that the crescent terminus of our
road in the city of Richmond is at a considerable
distance from its docks, and that consequently a
charge for carriage and extra handling accrues
there on al, freight destined for transhipment.
1t is presumed that the citizens of Richmond
are sensible of the Importance of having this re-
striction upon its commerce speedily removed,
and that they will at an early day propose to this
company such rights of way and other facilities
for extending its track to the water line as will
be mutually beneficial and acceptable.