The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-12-24
BY TELEG /, ,9A.PH.

Of tne AZ, M. e. o. Railroad Cos npany.
GENERAL MALONE RgELgcTED PREsIDh. sE = FL.
FIVE YEARS INTERESTING DISCUSSION.
Especial telegram to the Dispatch.I
NORFOLK, Va, December %. The aunua,
meeting Of the stockholders Of the A.. M, &
o. Railroad Company was held at the Ms.
sonic Temple to-day. Twenty THOUSAND
i've hundred and seventy-seven shares Of
stock were represented, and Dr.. e. c. Ro.
binson, of Norfolk, presided. The trea
surer, N. NJ. Osborne, acted as secretary.
General Malone being absent Ia Europe
no annual report was received.
Colonel William Watts, of Roanoke, acting
president of the road, stated that General
Malone was ordered to Europe by the di.
rectors to transact business which is des.
tined to be Of vital interest to the road, and
all Injurious reports in circulation regarding
General Malone and his mission are totally
without foundation. While no annual re.
port from The president is now ready, be
said at an adjourned meeting all necessary
reports regarding the condition and admin.
istration Of the road during the last year will
be laid before the stockholders.
1t would not do to explain now, but
nothing is to be concealed from those most
interested in the road.
Major Gregory, of Petersburg, moved to
go into an election Of president for five years.
Fayette McMullin submitted an amend.
ment making the term two years, on the
ground that the Tom Scott scare was over,
and the stockholders ought now to return to
the old system.
The question was generally discussed, and
General Malone and his administration elo-
quently lauded.
Major Gregory guaranteed that if General
Malone was reelected for the next five years
the road would become ia his hands, within
that time, one of the finest and most fou-
rishing lines in the country. Colonel Boiling,
Of Petersburg, spoke warmly against an cleo
ton at this time. He wanted the annual re.
port first, SO that he could base action advis-
eddy. He had never seen corporation take
such course as is proposed. He hoped no
action would be taken until full statement
of the condition of the road and its manage.
ment was received, and urged the meeting
to demand o report first. He was tired Of
cropping his way in the dark, and wanted
light.
Mr.. 7. S. Bocock spoke Of the present try
ing crisis for railroad corporations, and advo
Gated the continuance of the present admin.
lstrations and harmony among the stock
holders. He declared that Scott and Garrett
had their eagle eyes fixed on this road, and
were ready to swoop down and gather il up
so soon as q rupture occurred. The stock.
holders could not afford 10 disagree.
Other stockholders spoke of the fact that
General Nah one alone had saved the road
from bankruptcy. .....
Governor McMulln withdrew bis amend.
ment, and MFR. Bocock urged that the meet
| ing proceed to an election of president for
FIVE years. In his remarks supporting the
nomination he stated, on authority of acting
President Watts, that the mission of General
Malone to Europe was abuHdahtly success
full, and the result would place the road on q
irmer basis than ever before since its orgag-
ization.
The motion was adopted.
MIR. B. H. Nowlin, of Lynchburg, said i {
was the decided sentiment of his people that
the term should be two years, and renewed
Governor McMullin's amendment, but it
was ruled out Of order.
A viva voce vote was then taken, and
General Malone was declared reelected pre-
sdent of the company for five years, and
seven of the directors were reelected, as fol-
lows: r. c. Taylor and John B. Whitehead,
of Norfolk; J. Arthur johnson, of Peters
burg Charles W. Statham, of Lynchburg
William Watts, of Roanoke; General James
A. Walker, of Pulaski; A. Fulkerson, OF
Bristol. The three vacancies on the board
will be filled at the adjourned meeting in
Petersburg on the second Wednesday in
February.