The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-12-11

u appropriate nppellation, It has been desig-
mated in its entirety as "The Piedmont
Airline" embracing of direct continuous
d line between Richmond and Atlanta 547
miles, with important and vaiuabls connec-
lions at numerous intermediate as we'll as at
/ It's terminal points. The population which
/ 1t accommodates is unsurpassed in general
intelligence, virtue, industry. and thrift by
any other sections OF the four States through
which IL extends. In average advantage of
climate. soil, agricultural products, minerals,
and Water-power, few sections of this
broad and favored Union excel this fine
i Piedmont belt. Unless nature alters her
fixed laws, it is impossible thatisuch.a land
shah not continue rapidly to grow again into
wealth and prosperity, generously support
Ing and always requiring the enargiDg SER
vice of great highway such as you arc en-
deavoring to afford, two hundred and sixty
Eve miles of which have been built and put
to work since the war, amidst private impo-
verfshment and general despondency through
the enterprise which, you have manifested
and sustained in Its behalf. It's value aud
| Importance to this company, the future-we
| trust the early future-wi1l certainly reveal.
The report Of the general manager of this
line, recently submitted to this Board, gives
i
ton, and will be printed. -,:.ri. ..,.,,
The Acknowledgements of the Board are
Justly due and cheerfully made to the va
rious officers and the regular employees Of
the company for the Intelligent and gene.
rally punctual and faithful discharge Of
duties, and q consistent interest for What was
| conceived to be the best interests of the
company. ...t!-. r..-.-- +
On motion of General Joseph R. Ander-
son, the report was referred to committee
of five: which the chair appointed, as fol-
| lows: M&srs. Joseph r. Anderson, John
Branch, Tucker Carrington, B. T. Garrett,
| and r. T. Hubbard. 81. a. l.E"t. l.. E.
On motion of Mr.. Anderson, of Rich.
| mond, the stockholders, at :35 o'clock, took
| recess until half-past o'clock.
EVENING SESSION.
The stockholders resumed their session at
u o'clock-Judge F. N. Watkins in the
chair. =, H., ..
l. REPORT ON THE PRESIDENTS REPORT.
General Anderson, from the committee to
whom was referred the report of President
| Buford. submitted lengthy report, con-
graduating the stockholders on the compile
| ton of the Atlanta Airline, &c. They also
say in their report that the receipts of the
past year are decidedly encouraging, all
things considered; that they consider the
issuing Of second-mortgage bonds as wise
measure; that the prospects for full success
of the enterprise has been at no time brighter
than now; and that they recommend that
the report Of the pre- esident and directors be
received and approved.
| On motion Of Major Gaines the report was
received and adopted. a.
| NEW BUSINESS,
Mr.. Davenport moved to reduce the mum.
Der of directors from nine to five, as for.
merly. Agreed to. .sG..t
Mr.. Davenport presented the following
Resolced, That the stockholders of this
company do hereby approve and ratify tht
action of the Board of Directors ia author
izins the execution Of the deed of trust, o.
mortgage, bearing date on the 1st of Sep
tember, 1873, mentioned in the report Of tn
president and directors this day submitted
and do also hereby ratify and continue tn
said deed, or mortgage, as fully as If tn
same had been executed in pursuance of
resolution of the stockholders in genera
meeting assembled" Adopted. t.s. ~
: s.. f. ELECTION OF OFFICERS. '..
On motion of Major Gaines, of Charlotte
the meeting proceeded to the election of off
GERS.
General Anderson said it afforded hir
great pleasure to nominate the present In
Cumbent for President, Colonel A. 5. Bufor(
, Colonel Buford was elected.
On motion Of Mr.. Davenport, the follow
ing directors were elected: Messrs. A.
Stokes, H. 81. Marshall, William l.. Over
W. T. Sutherlin, and Frederick r. Scott.
On motion Of Mr. Davenport, the follow
ing gentlemen were selected as the Examin
ing Committee: Messrs. w. B. Isaacs, Tho;
d. Neale, B. F. Garrett, William Martit
r. V. Gaines, Wood Bouldin, Jr., W.
Scott, and T. D. Stokes.
, The usual resolutions Of thanks wer
adoD,ed; after which the meeting adjourned