The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-07-03

the Richmond. Fredericksburg and Poto.
mac Railroad Company was held at the Of
flee OF the company, in this city, yesterday
morning-E. i. Cannon, ESQ.,. in the chair.
Nearly all the stock was represented.
The last meeting OF the company was
held on April Sd. 1t adjourned to meet
Nav DIST. On the latter day there was no
quorum-thc Philadelphia stockholders not
attending. Hence this special or extra
meeting to dispose OK the unfinished busi-
pess-the proposition to restore the Poto-
mac steamboat line.
Mr.. DimpfeI, OF Philadelphia, called in
question the authority for this meeting.
1t appears that the charter and bylaws
provide that the Board OF Directors may
call an extra meeting Of their own voition,
and shall do so upon the demand OF ten
stockholders representing 1000 shares OF
stock. The request or demand in this in
stance was from Moncurc Robinson and
| Thomas A. Bidd!c "for themselves and
Others"
| Mr.. Blddle contendcd that Mr.. Robinson
| and he represented more than the requisite
number of persons and shares OF stock.
Dir. Dimpfel urged hat the request
should have been signed BY ten stockholders.
After considerable discussion the Clair
main (air. Cannon) decided :hat the board
OF Directors. in calling this meeting. had SUBJ
stantially complied with the legal require
mcnts, anG the meeting acquicSced III that
conclusion.
REPORT OF THE PRESIDENT AND DIRECTORS.
Mr. John NJ. Robinson submitted the re-
port OF the President and Directors on the
resolutions referred to them by the STOCK
holders on April 1, 1878. expressing the
opinion that there should be DAY line from
Washington to Richmond, and requiring the
president and directors to consider whether
there shall or shall not be an arrangement
with the Potomac Steamboat Company to
run from Quantico iii connection with day
train, dc.
The report makes 4 pamphlet OF twenty
six cIosely-prntcd pagcs, ana ably reviews
the history Of the steamboat: business, the
sacrifice the railroad company made to get
rid Of the boats, and all those kindred SUI
iects which have so often been discussed
before the Legislative committees. The re-
port states that the present arrangement
with the Pennsylvania Railroad Company
for the use OF the railroad from Quantico to
Washington is working satisfactorily, and
that by means OF that connection the Rich
mond, Fredericksburg Ind Potomac Com
Dany are permitted to obtain through busi-
ness which it could not otherwise hope ?o:.
The following guaral ee from .Ir. I. a.
Scott was produced:
PENNSYLVANIA RAILROAD CoMpANY,)
OFFICE OF TIE PRESIDENT. :
PHILADELPHIA, April IS, 1877. )
John II. Robinson, Esq, President Rich-
nlOnd, Fredericksburg and Potomac Rail-
Toad C0mpGnE:
| Ny Dear Sir,-In view OF tie proposed
harmonious working arrangement recently
discussed with yourself and Mr.. Clyde, and
in order that there may be no possible mis-
understanding in tie future in relation to
;he interests OF yo':- company and the lines
controlled by this .ipany connecting With
| eOu ut Quantico and at Richmond, | beg to
say that we are prepared to carry all bus.-
ness that you may bring to lis and deliver
| All business that We can secure TO you on
/ Suc, basi: rs li..,v be satisfactory, and that
| ii III @onductinw this business over the Joint
| line y&u shouhi find it necessary to make
competitive :: with any other interest
we are Pre- parcC. 10 meet you fully and ,',.-
bly, in anything yon may desire to dc.
With this reasonable an!' roper 'orlinS
arrangement between the rImpan!ra. [ beg
| to assure you l..lat neither Iis company nor
the companies controlled by it, north Of
Ouant;co or south Of Richmond, will, di-
| itCtiS VI lluutStIs, i:afC luii- w wv
with the question OF legislation ia Virginia
adversely affecting your interests, or with
the building of Il competing line in any
form whatever. We simply desire to have
thoroughly good working relations " ith
your company, and / trust 1t will DC Ioul
interest, as well as your pleasure, TO meet
Us cordially on al these points. II Is oar
desire that these relations be permanent rs
| between the parties interested, and not be
affected as they have been in past years by
any circumstances that any other parties
may wish 10 bring in rs between the COM
ranicS.
| We certainly wish to run trains in close
connection with you ia both directions, and
TO handle all the business that your road
can do. Yours truly,
THOMAS 4. SCOTT. President.
| FAVORABLE sCuEDuLEs-PE3NSYLvA
O. NOT TO BLAME.
The report further represents that the
falling Oft in receipts Of this company IS not
due TO withdrawal Of the boats, but from the
depression in business, and that this COM
pany has not in this respect suffered near as
much as others. In the matter OF schedules
the report says:
at is the testimony OF the officers OF this
company that no impeachment was ever
thrown by the Alexandria and Fredericks-
burg Railroad Company in the way OF any
| schedule preferred by them, but that, Oh the
contrary, the existing schedules have been
made to L great extent in conformity with
1 al, = l. H.