Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1875-05-22
MEETING OF TIE sTOCKHOIA.
DERS OF THE SHEN. VALLEY
RAILROAD COMFY.

We clip the following account of the
meeting of the stockholders of the 5.
V. II. II. Co., held at Winchester, on
the 18th instant, from the Charlestown
Syirii. Now that all the difficulties
which have impeded the progress OF the
road, by improper actions by misguided
men, are wiped out, it is believed that
the resumption of work will be COM
meuced in very short time. The CON-
mittee appointed to procure the neces-
sary funds started for Philadelphia on
Monday last, to negotiate with the
proper parties, and we expect to hear q
favorable report from them AT the
meeting it was decided that no more
funds should be asked OF the County
subscriptions, along the line, until after
the completion of the road from the
fact that the proposed loan will be suf-
ficient to complete the road. The pros
pect for the road is now more favorable
than at any previous period, and We
think the. friends of this important en-
terprize have every reason to rejoice
+ A messing of the stockholders Of the
Shenandoah Valley Railroad Company
was held, pursuant to callAof the prox-
les OF Jefferson County, the Central I'm
provement Company, and others, at
Winchester, Va, on Friday, the l4th
instant. The object Of this meeting, as
it is generally known. was for the pur-
pose of adjusting and composing, If pos
sible, the difficulties, in the organization
of the Company, which occurred at the
late annual meeting OF the stockholders
at Front Royal. Two sets of officers,
it will be remembered, were at that time
clected--one by the general stockhoid-
ere and the other by the proxies OF the
counties of Page and Jefferson, and
few private stockholders who co-opera-
ted with them. The meeting at Win
chester, which was afull one, assembled
at the Taylor Hotel, at 2 o'clock, 7.
NJ, and was called to order by President
Mcclellan. A committee on proxies
consisting of Messrs. Logan Osburn,
William Mines, Jr., and A. r. Boteler,
was appointed, and after a brief retire
ment reported the representation by
proxies Of Jefferson County, the Central
Improvement Company and large ma
jority Of the private stockholders.
The County of Jefferson appeared by
Messrs. Il. &. Green, Robert w. Baylor
and Henry 3. Davenport. The meet
ing was organized by calling Hon. W.
ii. Travers, of Jefferson county, to the
chair, and the appointment of Thomas
N. Asbby, Esq, of Warren, as Secreta-
ny. Thomas G. Green, Esq, as one Of
the proxies of Jefferson county, presen-
ted a written protest against the right
of the Central Improvement Company
to vote the million of dollars worth of
stock which, under the decree in the re-
cent injunction case, it. was determined
by Judge Turner that Company was en-
titled to vote in all. meetings of the
stockholders. Various grounds of OBJ
lection were stated in the protest to the
representation of this stock Col. r.
w. Baylor and H. b. Davenport, Esq,
the co-proxies of Jefferson county, sta
ted that they disagreed with the pro
posed protest, which on motion of Col.
Il. w. Baylor, seconded.by Logan o.
burn. ESQ, was directed to be laid on
the table by decided majority, the
Central Improvement Company declin-
ing to vote on the proposition. A
minute of the offering of the protest and
the action of the meeting on the sub
iect was directed to be made. On mo-
ton of Col. Baylor the directors hereto
fore elected were displaced and the
meeting proceeded to elect eleven di-
rectors to serve until the next annual
meeting of the stockholders. The fol-
lowing gentlemen were thereupon cleo
ted:
William Mcclellan Of Chambersburg,
Pa, President; Logan Osburn, Charles
Agiionby, VIM. H. Travers, A. r.
Boteler, of Jefferson; U. L. Boyce, w.
d. Smith, of Clarke; NJ. B. Buck, Of
Warren; VIM. Mines, Jr., Mann Spit
Ter, of Page; H. B. Harnsberger, of
Shenandoah; John Kelley, of Pa.
This solution of the complications of
the Company was the subject of gener-
al congratulation among the stockhold-
ers present, and it is. thought that all
distractions in the way Of speedy ne
gotiation of the first: mortgage bonds
have by this action been removed. Soon
after the adjournment of the stockbold-
ers meeting of the Directors was held
and committee was appointed to enter
into all the requisite arrangements to
secure the necessary funds for the re-
sumption Of work along the line and the
prosecution with the utmost yigor, of
the construction Of the road
HARRrspURe AND. PoroMAc /, Rail-