The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1876-10-18
STOCKHOLDERS CONVEN-
TION.
Of the East Tennessee, Virginia
and Georgia Railroad.


through the papers, and adjournment
of last year. the stockholders of the
above named road met at their de-
pot for the purpose of the annual
election of Directors Of the road,
and transactiHg such other business
as might present itself. a1
On motion Of Col. G.. NJ McGhee,
DR.. VIM. Sewer was elected chair
man Of the convention, and Mr.. Jas,
r Anderson, secretary.
On motion the foll9wing gentle
men we're elected as officers Of the
election for Directors Judges
Samuel j. Newman, f. ID. Massen-
gill and II. B Davis.
Clerks-Robert Fl. Campbell, W.
p, Miner and Cornelius Cunning
ham.
On motion of Col. McGhee the
convention took a recess until half
past one o'clock and the polls were
opened.
At 80 o'clock the convention
was again called to order by the
chairman.
On motion of Col. G. NJ. McGhee
the reading of the Presidents report
was dispensed with, it being in the
hands of the stockholders in print.
VICE PRESIDENTS REPORT.
The report of Joseph Jaques, Vice
President aud Superintendent. was
read by the Secretary. and on motion
was received aud ordered spread on
the minutes OF the convention.
The report shows the gross earn
ings Of the road to be $1,056. .954 81,
derived from the following sources :
From freight....... 80. S635,974 08
From pa5sen gers......... 334.6Z5 10
From u. S. Mall. .... 62.068 SO
From press.............. 20758 SO
From miscern's sources 5,528 06
Total................."$1.058.954 .954 81
Expenses es................ 1854 9s
Net earnings........., $343.5 .559 "a
The report shows the condition oil
the road, the rolling stock, motive
power, road-bed, &c, to be in a
greatly improved condition.. an evi.
dence that the road has been in
hands OF the best of management.
aud that the stockholders had good
cause in their expressions of regret
at Capt. Jaques' determination not
TO accept an office again in the man
agement OF the road.
CAPT. JAQUES' RESIGNATION.
] Col. McGhee announced to the
stockholders that Capt. Joseph
Jaques has determined to quis the
services of the road as an officer.
He said he could scarcely fnd words
to express his regret at Capt. Jaques'
determination, aud would offer the
following resolution, prefaciDg'it by
highly complimentary remarks as to
the efficiency of Capt. Jaques in the
management Of the road:
WHEREAS, Capt. Joseph Jaques, who
! has long and acceptably performed the
/ duties of Vice-President and Superin-
tendent of the company has resigned and
! expressed to the Board of Directors an
| nnwillingness again to accept the posi-
| tion; therefore, 3 @
/ ResoEDed, That the thanks of the stock
| holders, so eminently due, are hereby
returned to him for the valuable services
! which he has through a long series of
| years rendered to this company, and that
we further express our sincere appreeia-
tion of the loss we have sustained. ag
| ResoLued, That the Directors be and
they are hereby instructed to issue a
free. pass for life to Capt Jaqnes and
| wife as a slight testimonial of our regard
| for his services. -
The resolution was unanimously
adopted. President Wilson made
some remarks ou the subject OF
Capt. Jaques' withdrawal from the
road. Much was due 10 Capt Jaques
for the successful condition of the
road. He also expressed his deep
regret at the loss of Capt. Jacques
from the management Of the road.
but couid assure the stockholders
that tie sympathies of Capt. Jaques
were, still with the road. and that he
would always take pleasure in aid
ing and advancing the interests ol
the road with his counsel.
The Secretary named that the
usual number Of copies OF the re
| ports of tue President and Vice Pres
ldent and the proceedings Of th'
| convention be priuted for distribn
tion among the stockholders
On motion, the convention tool
fecess for one hour.
Al the expiration Of an hour. th
conveutloA Was AGAIN Gated 10 of'lel
aud the report OF the Judges al
: Clerks OF the erection were reae
showing the elecuon of the foIlov