Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-09-09
The Southern MARYLAND Railroad

MEETING OF CREDITORS OF The CoMPAHY.
At the Board OF Trade rooms, this morning,
there was a meeting OF some of the creditors of
the southern Maryland railroad company. Mr.
Frank Hume was called to the chair, aud
briefly stated the object of tue meeting TO be 90
ascertain the condition of the company and
what arrangements could be made 20 secure the
claims OF the creditors. Mr.. II. Browning was
selected as secretary. After some discussion as
Clarke, of Maryland, said he understood that
the meeting was not called in any spirit OF an
tagopism to the company, for they all wished tn
see the road built, but simply to ascertain It's
condition and to see that their claims are Sc
cured.
MIR. f. Z. Downham moved to appoint a com
mittee of five to report at an adjourned meeting
a statement of the condition of the company,
and what arrange nents 1t would make to secure
its creditors.
STATEMENT OF PRESIDENT sNooT.
Col. Smoot, the president of the company, re-
marked that he had come here against the ad-
vice Of bis physician, he having been injured a
few weeks ago at Cape May. He was glad to
hear the sentiments of Mr.. Clarke favorfng the
road, and be bad no doubt but those were the
sentiments of the majority Of those present.
There was but 100 of the debts of the COM
the road would be built, and he would in q short
time be able to invite all to take journey to
PIT. Lookout. He had taken a pride in the road
ana be was personally responsible for pushing
II through, having mortgaged his private prop
eTty for the purpose. and he pledged himself
that the road should be built il be sacrificed all
ne owned 10 the interests OF the road. II e was
now negotiating with parties, and there never
was better prospect of pushing the work for
ward. He desired to state that the road was
OF too much Importance to the future interests
Of Washington and Baltimore to be crippled,
ard il beboOved every good citizen to aid it.
He would bU glad If the committee should be
appointed, for he desired to exhibit exactly the
condition of the company, and he could show
by the books that the condition was one to feel
proud Of, and he did feel proud of it, for the
claims, In proportion to the amount of work
done, amounted to a mere trifle. The company
would do anything in their power to secure the
creators; and there was not the least cause, in
ms opinion, for them to feel alarmed. 1t was
only question of time, and he had no doubt
but ii would be but short time at that
Mr. DOwnham's motion to appoint a commit
tee was adopted, and the following were ap-
pointed the committee, with authority to call
an adjourned meeting when they receive a
statement from the company:-Hon. d. Clarke,
r. Il; Downham, James L. Barbour, Robert
Callahan and II. Browning.
CONDITION OF THE ROAD.
IL was stated in q conversational way at the
close OF the meeting that of the sixty miles from
Brandywine to Point Lookout forty-six have
been graded, with bridges and cuIverts in;
$1,000 ties are now being delivered along the
lines; the rights Of way have been secured, as
also lands Tor depot purposes, coal wharves, &c.
Under authority of the legislature of MARYLAND
the question of the city Of Baltimore subscrib-
ing $50 OOO for the completion of the road will
he submitted to the voters OF that city at the
November election.