Huntington advertiser. [volume] (Huntington, W. Va.) 1874-1921, 1875-04-29
Cincinnati, Portsmouth, N
Huntington Railroad.

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from Cincinnati to this place, seem
thoroughly aroused TO the Importance
of the Il. Is. There has been 4 good
deal of excitement at Portsmouth and
Ironton, and in every county on the
river. Col. Cabell on his return ilom
ST. Louis, stopped at Portsmouth
and urged tie Importance on the PEG
pie there, who were in a good condi
tion to act upon, as they seem deter
mined on a forward movement
The committee appointed at Iron
.on on the Goth inst, to take action
IN relation to organizing u company
called a meeting at Cincinnati ON las'
Tuesday. Capt Gibson being una
bile to attend that meeting, W. s
Downer was appointed in his place
to represent the City OF Huntington
there.
The meeting was appointed for II
O'Clock, at the rooms of the Board o
/ Trade. Soon after that time, the
committee assembled and was called
to order by the Pres. B Eggleoton
Esq, p. ]. Nichols was appointed
Secretary, the following members o
the committee were present, iron
Hamilton County, b. Eggleston
VIM. Dwight, Il, NJ. Moore. Oh
motion. James Kinsey of Cincinnati
was added to the committee from
Hamilton Co.
Brown County.-James Bond
William Duffy, Joseph Cheeseman.
Adams County.-W. l.. Caden
Walter Dreunin, Uriah M'Call.
City of Huntingdon II c. Par
sons, W. ;. Downer.
Lawrence County, Bixby.
Clermont County p. j. Nichols,
J. |. Selby, J. q. Prather, Capt.
Alex Smith, and NJ. ii Davis.
b +. Drake, Z. +. Fitch, Il. A.
Edwards and :. Hemphill were adj
led to the committee from Brown
County. and David Nixon from Law
renee County.
We were very asreeably surprised
to see the enthusiasm which seemed
to pervsde the mind of all the mem
bers in relation to the road.
After the the organization Of the
meeting, it was announced that Mr.
Dwight, of Hamilton had given the
matter 4 srea: deal of thought and
had prepared a plan for building the
read which he WAS ready to sub
mi. to the meeting. \ committee of
the Board of Trade having the road
undcrc)nsileratiya vas il session in
an adjoining room. They were in
yited to suspend their meeting and
listen 70 the plan proposed by Mr.
Dwight. They pined the meeting
and Mr. Dwight then read az clabo-
rate paper. prepared with good dea!
of care. His plan is too long to pub
lish entire, bu. We give below the
substance oft.
II propose that toe committee shall
become the corporatOrS OF the Gin
cinnau, Ohio River and Virginia
Railroad, the termini of the road to
be Huntington and Cincinnati The
capital stock of the company shall be
81, coo. 900, and such further sum
that shall be found necessary for the
purposes contemplated. The affairs
ofthe company shall he managed BY
thirteen Directors, OF them FIVE shall
be a quorum. and a majority of such
quorum shall decide until the first
annual election tor Directors of said
company The following named per
sons being corporators, having been
duly electc! are declared to be Direc.
tors thereof;
The line of the road to he on the
north bank of The Ohio River, below
lronton, as nearly as practicable, and
on the north or south bank above
Iruut3n as may hereafter be deter
mued. The capital stock, $1,000
00O, to I've designated aS deferred
stock, to be divided into 50, 600
shares of 500, each to be subscribed
for al par and he paid for in five in
stallmeuts IF 500 each, AT such times
r. the shares NAV be assessed by the
Directors of the Company. The as
Sessmeuts to be paid 10 the Trustees
81 the construction fund If the -c0d
The proceeds Of the deferred
stock are be used in building the
road, and after the road is completed
comNon stock may be issued to the
extent of geo shares $500 each,
to be sold at not les than par, the
proceeds Of which shall be used 10
furnish and equip the road.
AT ali meetings of the Stockhold
crs each share of stock. whether de-
f,rred or common, shall have one
yote. and each share shall have equal
rights, except that no dividends shall
be paid on the deferred stock except
FROM earnings ot the road over and
above the earnings necesSa : 10 pay
the interest on the common stock.
The Committee shall nominate
from their number committee OF
three % be known rs the Executive