Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1872-01-18
second Day.

report.
second Day.
The Convention was called to order
at 10 o'clock q. m, to-day, by the Chair
man, Judge A. NJ. Clayton.
Colonel DuPre, of the Appeal, by re-
quest, read the proceedings of yester-
days meeting, By mistake ne COM
menced reading from. the Avalanche,
wherein it was stated that " the Conven-
ton presented dignifed and decidedly
solid appearance" etc. Laughter
General Bierne asked for the report of
the committee on proxies. The COM
mittee, through its chairman, General
Patton, reported in brief as follows: The
committee was furnished by the secreta-
ries of each division Of the road as to
the stock. The amount of stock reported
by proxies represented in this Conven-
ton is 81, 694 shares; amountrepresented
in person, 5l,O67 shares total amount
of stock represented by proxies and in
person, l44,7 shares. D
A large majority of The stock of the
road was represented, being nearly two
thirds Of the stock.
Chairman Clayton stated that the
amendment read yesterday was now
open for discussion.
General Rather, of the Board of Diree-
tors, stated that he held in his hand an
amendment to the lease, which, if adopt
ed and accepted, the Board of Directors
of the Memphis and Charleston railroad
was unanimously in favor of the pro-
posed lease and contract. General
Rather read the amendment as to the
McMinnville. Manchester and South
western railroad, providing for the issu-
ance of bonds to complete the same,
which the Board desired incorporated in
the terms Of lease.
1t was moved to receive this amend
ment. Carried
The question of adoption on the lease
and amendments, IS recommended by
the Board of Directors of the Memphis
and Charleston railroad, was stated by
the Chair to be the question before the
convention. --s. $3.50
General Rather, by request of the
Chair, re-read to the convention the
amendment on the McMinnville, Man
chester and Southwestern railroad.
Mr.. Hammond moved to refer the lease
and amendments to a committee of tif-
teen, to report at two o clock this after
noon.
ca stock vote was called upon the
proposition.)
Colonel Mumford objected to the nura-
Der, and moved, as an amendment, that
a committee of seven be appointed to
= ,port. Mr.. Hammond refused to &C.
oon.' the amendment, but desired that
tbe ., ,mmittee be equally divided be-
twaen the two divisions of the road.
The motiSu of Colonel Mumford for
seven was put and carried.
ON motion the original resolution to
refer N a committee, and TO report at )
O'clock instead of 2 o'clock pm, was
put aud carried.
Colonel Monroe Wallace, of Missis-
sippi. moved that the committee be re-
ons sted to report as to the Solvency OF
H. Southern Railway Security Com
nanv On it being stated that this cues
hon could ne solved without embarrass-
49, ths cor uittee with the question,
~ Wallace withdrew his motion.
The chair appointed the following :. y
named gentlemen as the eommittee W o.
seven: Messrs. R. NJ. lOaIton, ". W
Mumford, John Robertson, +. M. SYKES
]. b. Moore, L. Q. c. Lamar, an Fresl-
dent Wieks, Of the Memphis and Cha, 'es-
ton railroad, as chairman.
4 Gen. Rather, on the question of the
solvency of the Southern Railway Secu-
rity Company, read statement from
the company's office, showing that the
company was incorporated with capl-
tai stock of $4,000, 0e0 paid-in stock,
Sc. 0OO. 900. Total value Of property in
stock. 100000. the list of share
holders Of the Southern Railway Secu-
rity Company was read. 1t embraced
the ablest men and largest capitalists OF
Pennsylvania, New York, Boston and
other States and cities.
Gen. Rather stated that the hall now
occupied By the convention would have
to be given up this forenoon, as it had
been engaged for other purposes. No
place of meeting had been selected, but
parties would be at the door in the alter
noon to direct delegates to the place OF
meeting.
On motion. the convention adjourned
TO three O'Clock pm. 80,
Alter the adjournment had taken
n lace, il was announced that the alter
p - \ session would be held at As
sswbl,- Hall, on Main street, between
Union a, ID Gayoso streets. a.
7KHoLDERs or Tbs SOUTHERN
p, nv SECURITY COMPANY.
sBaltimore-A. Tex. Brown B 4 Son II p E. E
Newcomer. S. ". Shoemaker W. f.
Waters. c.-..oD g.
Pennsylvania. D. Mannfac, n ~ 80
W. Cass. Harrisburg Car nsn d .
Company. John Hutchins. " Sco,t trns
Snail, Geo. Small, Thos A. .onS,o let, - n
tee; A. ]. Druxel, H. II. b. 9 y
". Harris, S. W. Walsh. n Nc.
Tenneseee-Joseph Jaques, z.
Ghee. .. .-I
Georgia-H. B. Plant.
New York-Wm. E. Dodge, jr.i Va u
B. FoWle, A. Iselin 4 Co., Willis James,