Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1878-05-11
SHEN, VAL. RAILROAD.
STOCK HOLD f RS ANNUAL
MEETING.

Hotel, Winchester, Va, pursuant to |
public notice, on Wednesday, May LIST,
1878.
The meeting was called TO order by
Hon. VIM. Mines, of Page county.
The roll of stock being called, MAORI
ty thereof being found represented,
either by proxy or in person, the meet
ing was organized by the unanimous
election of Hon. Mann Splitter, of Page
county, as President, Joseph 7. Wright,
of Clarke, and Major II. w. Hunter, of
Winchester, were appointed Secretaries.
\ committee OF live, consisting OF
Col. Henry Davenport, Hon, k. w.
Baylor, of Jefferson; John III. little, of
Shepherdstown, Logan Osborne, Of
jefferson, and William ID. Smith, of
Clarke, were appointed to examine
proxies and scale the vote of the stock
represented, and report the same to the
meeting.
AT this point of the proceedings, Col.
L. l.. Boyce moved that the meeting
adjourn to the Court House Hall, that
Hall having been rendered by the pro
per authorities for the purposes OF the
meeting, which motion was adopted.
The meeting adjourned to that place.
Upon the reassembing of the meet
ing, at the request of George II. Bard
well, one of the stockholders, the roll
OF stock was again called, he having
been absent at the organization Of the
meeting. When the stock Of the Cen
trail Improvement Company was reach
ed, which at the organization had been
answered by Colonel u. l.. Boyce, Of
Clarke, rs proxy, George III. Bardweil
also claimed that he was emf. led to
represent that stock The proxies hav-
iug been submitted TO the committee,
they retired to examine and report upon
the sane.
The committee on proxies returned
aud presented the following unanimous
report: X. w Baylor proxy for Jetfrr-
son county; IT, l., Boyce proxy for Is.
X. Jamisoa, J. VI. Walker, Thomas y.
Scott. Central Improvement Company,
and ) ohm y. Taylor, trustee; john III.
little proxy for Shepherdstown; William
Mines, Jr., proxy for Mines, Fields
and w. \. Mcclellan; II. b. Davenport
proxy for George Ejohelberger; Mann
splitter proxy foI John w. Ashby; John
Kelley proxy for II. Ettelle. They also
made report OF the stock represented
in person.
On motion the report was received
and adopted.
Mr. Mines submitted the annual re
port of the Board of Directors to the
stockholders as follows:
10 Tie SiOckhoLirs If he Shenandoah
TaHey RaiirOad Comp""y:
At your last annual meeting your
Board Of Directors expressed the belief,
from the prospects then before them,
that arrangements would be made, upon
satisfactory terms, Tor the resumption
Of The "olk Of construction whlch had
been. greatly To their regret, 50 long
suspended. This b. lief was founded
upon uegoiialiOus then pending with
CAPITALISTS of ample ability to urdertake
the enterprise aud prosecute it 10 com
plelion. The delay in discriminating
these necotialious las been greater
than was then anticipated, oTlag, IN
l,r.,,. measure, to the continued, II not
Increased striugtncy of the none! mar
KIT OF the country. and 10 the necessity
ct adjusting IN some accep'abie manner,
the liabilities of the company SO as TO
make available its securities for future
operations. In their efforts to d;sen-
cumbrr the road for the purpose above
indicated, your Directors have met win
the most gratifying success, and they
desire 10 make their Acknowledgements
to the creditors generally of the Com
},auy for the generous spirit they have
evidence in loe1ponirg their claims to
The lieu OF the inst mortgage bonds with
which, in con Junction with other Secnri-
ties, they have been enabled 10 enter
into AN advantageous contract tor the
construction and equipment of the
Shenandoah Valley Railroad. Such
contract, they are pleased 10 be able to
announce they have made with MrSsrs
John Satte,lee Il Co, OF New York,
who have engaged TO build the man
stem from the Potomac River at Shop
Errdslowa, in jefferson county, and the
branch come elton at Mariinsburg IN
Berkelev comfy to Wayncsborough,
ON The Chesapeake d Ohio Railroad
east of Staunton. UGder the supulatlons
Of the agreement between the BOARD
and the above named firm the work IS
10 be completed aud delivered with all
the appointments of a first-class road
within the period % three years from It's
commencement. The terms and con
di,ions of this contract your Board be
licve will fully guard and protect the
interests of the stockholders and will Oe
executed with promptness and fidelity
by the reputable and experienced con-
tractors who have undertaken the con-
siruction of the road.
To guarantee the success OF the WORK
which tue Company 10 nU~- about to
resume, cordial cooperation OF It's
friends is required Indifference, or
cold support of the Board and their
AGENTS in their endeavor to push for
ward the enterprise will be scarcely less
discouraging than open and determined
hostility TO their efforts. On The con-
trary, liberal and united action on the
part of all who are to be beneficiary
affected by the enterprise will secure It's
fullest results and lead to the RAPID de-
velopment of the great resources OF the