The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1877-04-26
THE VALLEY RAILWAY

The annual meeting Of the stockholders OF the
Valley Railway Company was held yesterday al
the company offices In this city. The stookhold.
ers present were called to order by the President
Mr., d. L. King Of Akron, after which Mr. Charles
Webster Of that place was chosen chairman Of the
meeting, and Mr.. H. D. Clarke of Cleveland made
secretary Of the same. Then U. r. Feather Of
Canton, N. L, Van Sickle Of Akron and Charles
Pease OF this city were elected judges Of election
and William B. Porter, clerk. Following this,
the President Of the Board Of Directors read their
annual report which was accepted on motion OF
j. A. saxton and adopted
The proposed basis for the consolidation with
the Marietta, Pittsburgh and Cleveland Railway
was read and informally discussed but no other
action was taken regarding the same. At the
conclusion of this discussion the polls were open.
ed for the
ELECTION OF THREE DIRECTORS
TO take the places of James Farmer, N. p. Payne
and George Cook, whose term Of service expired
yesterday. The result Of the election was as fol.
lows; George Cook received 5739 votes. N. p
Payne received 5,7S7 votes; James Farmer recelv.
ed 5.729 votesi II. B. Payne received two votes
Messrs. Cook, Payne IN. P.) and Farmer having
cordlngly declared elected, thus making the
Board of Directors for the coming year as follows
d. i. King, Akron; James Farmer, N. P. Payne
l.. NJ. Coe, II, NJ, Flageler and W. J, Boardman
Cleveland George Cook and L, " Bockius, Can.
tom A, b. Stone, New York,
Immediately after the stockholders meeting
adjourned, the Board Of Directors organized by
re eecting the officers Of the past year. They are
President D. L. King; Vice President, James Far
mer; Secretary, J. D. Clarke; Treasurer, s. 4, Nv.
erett.
The annual report Of the directors to the stock.
holders states that the former have thought II not
best, on account of the hard times, to put the
stock of the road on the market during the past
year. lest they would therebyimperll the enter.
prise, The report also states that the directors IN
the year just closed, have kept In communication
with the authorities of the Marietta Pittsburgh
and Cleveland Railway, the officers of which look
upon the completion of the Valley road as favor.
able to their road During last october a com.
mittee interested In the Marietta road accompa-
MED by James R. YouAg, q railroad engineer
made careful examination of the route Of the
Valley road, at the conclusion of which report
very favorable TO 1t was prepared by them,
IL OVNShOSi nhi' hihbi W ih'AVoViOhi o'VShuOu
meeting Of the bondholders Of the Marietta
Pittsburgh and Cleveland Railway in New York,
for the purpose of representing to them the views
Of the Valley Railway Board of Directors on the
question of union of the interests Of the two
lines. After daily considering this question, 1t
was there agreed that steps should be at once
taken to put the affairs of the Marietta Pittsburgh
and Cleveland road in proper condition for such
a union ofinterests with the Valley Railway. Re-
Gently decree for the sale Of that road has been
taken, and as rapid progress towards the union
of the interests of the two as is practicable is now
being made.-[Cleveland Leader.