Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-04-09
WASHINGTON CITY. VIRGINIA,
MIDLAND AND GREAT
SOUTHERN X. IL.
STOCuxHOLDEI MEETING.
REPORT OF THE PRES1D L.
TSpccial to the Gazette. ]

auurl;l and AlanaSSiS, anu thc 10y hC'ipui ~ '''
vile Railroad Co.'S was held in llolcombe Hall
in this city, yesterday, for the purpose OF con-
plcting the consolidation Of the two com
panies. The meeting wasa full ouc--a large pro-
portion of the stock in both companies being
REPRESENTED, and the proceedings We're very har-
monlous.
On motion, Capt Walter Coles Of Pittsyl
yania, was called to the chair, and
Ga motion of Maj. Langhorn the members
of tho press Of Lynchburg were requested TO
act as assistant secretaries.
| On motion Of Judge Chapnan the usual
committee was appointed Tor the examination
Of proxies.
MIR. James Barbour moved that the gentle
mcn from North Carolina, who were represent
iny the interests of that State i'll this meeting
be invited to seats and to participate III the
proceedings of the meeting;
Whcrcupon Mr.. John Manning appeared
| upon the platform and addressed the meeting Ill
forcible speech, setting forth the great results
| TO flow from an extension of this road through
North Carolina. His statements, which were
backed by the analysis Of some of the most
eminent scientists in the land were received
with plcasurabIe surprise by the meeting.
Among other things he stated that the coal
vein extended for forty miles and that g. 200 900
tons per miles was the producl, &c.
II. was followed by Col. Morcheal, who,
more in detail, reviewed the subject, and placed
it in most favorable light.
After the remarks Of these gentlemen, and
the thanks of the meeting returned for their
efforts the following resolution WAS unanimously
adopted
ResoIrel That this meeting regard with IN,
tcrcst the exclusion ol lis line into the State Of
| North Carolina by the most eligible route. Tor
the development OF local and through traf-
ic, and refer the matter tn the President
and Directors for consideration aud such action
AS NAV be ,lccmcd cXnc'ilcnt and consistent
with the financial condition of the company.
Mr.. Barbour then submitted his report as
follows
To tie .Stochholtlcrs If Mc Tryimm anil Noth
Curoiinu Rutlr"nt C"m,pmy:
The necessary steps having been herctol"rc
taken, anu I'LL VIC Ic'luioitc p|iL'ii'h'''e" "t
iustcd for the consolidation ot. the Orange, Al
exan,lria T. Manassas and the Lynrhburg 4
| DauviIic Railroad Companies, as provided by
the Act of Assembly, under the corporate nam"
and style of the Virginia & North Carolina
Railroad Company, the present meeting OF
stockholders has bccu convened to organize the
said consolidated company, by the adoption OF
apuropratc rules and regulations tor It's govern
mcnt, and the election OF President and Board
of Directors to serve until the next annual meet
| inr of the stockholders.
| 1t will also be necessary, in order to make
the same effective, for the present meeting, to
accept, if approved, the several acts recently
PASSED by the General Assembly relative to the
| Companv, certified copies OF which are herewith
submitted Tor consideration The acts referred
to arc four in number, and relate, respectively,
to a proposed change of the corporate name OF
the consolidated company, to provide tor new
issue Of bonds by the Company, and the excel
| ton Of mortgage on the road and Its property
to secure the same, to authorize the Company
to extend its railway from the present northern
terminus at Alexandria to point opposite to,
or above, the cities Of Washington and George
town, on the Potomac river, and to allow the
lands purchased by the Company to be free
from the liens of all other Indebtedness and to
be held primarily as security for the purchase
money due on same, and the proceeds of sales
to be applied only to payment of the land bonds
of the Company.
The several acts as above described, will ey-
plain themselves when read and require but
little exclamation in detail. The act to change
the corporate designation of the Company, aud
to adopt that of the Washington City, Virginia
Midland aud Great Southern Railroad Com
panv, was passed at the suggestion of capitalists
10 view OF the necessity imposed on the Com
pany to negotiate large loan of money for its
nurnoses, to adopt a name descriptive Of its llne
of railroad and ultimate destination for the in
formation of parties outside the State and
abroad. The name to be thus descriptive must
necessarily be long one, as it involves the Ma
tiunal Capital rs its starting point, travcrscs
from thence the central or midland region OF
Virginia, across the State to the North Carolina
border, and looks to a final connection With the
great railway system Of the South.
Respectfully submitted by
JOHN 5. BARBOUR,
President.
On motion the name Of the Company was
unanimously changed from the Virginia and
North Carolina Company to The WASHING
TON CRY, VIRGINIA MIDLAND, AND GREAT
SOUTHERN RAILROAD COMPANY.
4 series OF resolutions were adopted accept.
ing the acts of the General Assembly in the
reorganization of the company.
The election of officers was then held when
Nh. JOHN S. BARBOUR was unanimous y elected
President, aud McSsrs. VIM. &. Cazenove, G.
+. Suite, S. \, Cotfman, i. G. Marshall, d.
+. Slaughter, Vim. d. Hart, r. y. Coghil,
G. NJ. Blackford, IT, e. S. Ferguson, G. I.
Pace, VIM. T. Clark and ". f. Sins, Dlrec-
| tors.
The following gentlemen were appointed the
Examining Committee; Col W. B. Shepherd,
Judge j. NJ Chapman, Maj I. T. Hill, Gen.
S. G.. Mccm, James NJ. Booker, esq, and
Capt. Walter Coles.
| \ committee was appointed to inform MIR.
Barbour of his election, aud Mr. b. returned
his thanks for the honor conferred upon him in