Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1874-09-17
Especially reported for the Beacon !

" AshiNoToNs ~. w. Ceps. ~, 100 /.
Proceedings Of Meeting of Creditors of
Southern Maryland Railrood Company
"A meeting of the creditors Of the above
named company took place in this City on
Wednesday. the 9th inst. a. M. at the
Brari Of Trade rooms. in obedience to
printed circular addressed ad orJem c. ur-
benz convening same. After anne pre-
liminary remarks. Mr.. Frank Hume, an
eminent merchant Of Washington city, was
called to the chair. and Mr.. II. Browning
acted as secretary to the meeting. After
V0O iUre0 ~.
! was to End out as certain. in fact, with
some precision. the financial condition Of
the Southern Md. Company-the amour,
(if any Of its present available assets. and
what prospect there was of payment By
the Southern Md. Company Of its indebt.
edness to wide circle Of creditors. A
creditor himself of said company to large
amount. and while confessing that he vas
party to issuing circular calling togeth.
er present meeting. be disclaimed being
actuatcd BY unkind or adverse motives. or
by remo,cst wish or intent to infict inju-
r. on or impede the successful progress Of
the s. Md. X. r. Co. He would be glad
therefore If any gentleman present would
offer some suggestion or resolution with a
view If carrying out the object for which
they were assembled here this morning.
AID he invited immediate and temperate
action in the proceedings and language Of
the speakers. etc. Gen. T. T: Crittcn-
den. one Of the legal advisers Of the COM
pany. rose to address the chair. He
thought that the manner and form il
which this call for meeting Of creditors
had been made was hurried, discourtecus
and indeterminafe in its wording. AMI
pointedly complained that M notice, at
least no sufficient notice, had been given
to or served on the President or any of
the principal officers Of the Southern Nd.
Railroad Company. and that the whole
preceding bore on it, face the impress Of
hurry. un!ouuded alarm. impatient, sud.
den and groundless apprehension.
Mr.. Hume. chairman Of meeting, rose
and asserted that notice Of present meet.
ing aud the object in view bad been served
on Mr.. President Sn,oot; that lie had seen
70 the giei"g and serving Of said notice
himseit. anl that no had grca. difficulty
OF gaining access to him (Col Smoo,) who
was splurging away. "a Ia mode Helm
trid. at Cape Nay. the creditors Of the
company Che while) chewing the bitter
end of vcxatious delay. or banqueting on
hopes deferred and promises violated a.
their several homes in Southern Maryland
and the District Of Columbia. Jus. Is the
chairman (Mr. Hume) had concluded, the
Hon. Danl. Clarke entered the room, AMI
the floor having been c,nccded to him, he
proceeded TO remark. in soft and duicc.
tones. aud in that winning and polished
manner So markedly his own. that he was
thIn aid there present rs representative
AID counsel for many creditors, aud was
~ as,aated BY any antagonism to the
Southern MI. Company the objee.
OF The meeting was not 30 much 20 ascer-
tain the amour, Of what vas due to cred
i,ors (for on tina, subject he spprchended
they were Sufficiently advised and inform.
ed) rs TO discover the financial status aud
conditions Of its (the 8. Nd. Co. 81 affairs
and to learn hov far claims Of creditors
could be secured, and at what time and
ho'e payment Of ITS indeIsedness could Be
arr'ngcd or calculated on beias mode.
Mr.. b. + DoWnham next rose and OF.
fered resolution. that . committee of Eve
gentlemen should hs appointed 10 wai. on
the President and Directors Of Ties. Nd.
Go. aud ascertain from them the true con-
dsfioa Of its ofars, and what grange
meats they could make in order 70 secure
credisosr;> aud that said committee should
rrport to IN adjourned meeting the result
OF their mission and enquiries. Mr.. Cal