The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-05-29
respectfully offer for your adoption the

N|SOtCfu, lnut Tue pteSiutut aiu uiTec-
tors OF this company be instructed. while
cultivating friendly relations with the 'Po.
tomac Steamboat Company, to be careful to
comply with the laws Of Virginia, aud not
TO discriminate In any respect against our
friends and allies OF the rail lines.
Respectfully submitted.
L. B. ANDERSON, s. ID.
OTHER RESOLUTIONS.
Mr.. Williams offered the following:
Resoiued, That the paper just read by
DIR. Anderson be received and spread upon
the records. and that 500 copies be printed
and distributed 10 the stockholders.
MIR. Kelley called for a division OF the
resolutlon-the first part TO end with the
words "on the records"; which being
put before the meeting was voted down by
the Philadelphia stockholders. This prac.
tieaIly carried the object Of the motion
viz, Of putting the paper on record. Sub
sequently the whole resolution was voted
down by the stereotyped vote Of ayes,
5,3G3; noes, 1920.
The following resolution offered by Mr..
Seddon was voted down with the same re.
suit:
RESOLVED, That q committee OF three be
appointed by the chairman TO inquire what,
il any, propositions have been made for a
lease Of the property OF this company, and
whether lease thereof can be made which
will be beneficial 10 the interests OF the
stockholders, and to report such iuforma-
tiOn in connection with the subject as IL
NAV not be imprudent to make public.
Mr.. Dooley offered The following, which
was promptly voted down by the scaled
vote OF j,363 to l,520:
Resolved, That the policy Of the majority
Of the stockholders Of this company. as an
nounced by President Robert Ould in his
report to this meeting upon making an
Illegal discrimination in favor OF the PJto-
mae Steamboat Company and against the
connecting railroad company, is a viola
ton Of the laws OF Virginia. and eSpe-
cially OF section n Of chapter 81 OF the Code
OF 1863.
. The President and Board OF Directors
OF this company are instructed TO allow no
discrimination To be made in favor OF said
Potomac Steamboat Company, which would
be a violation OF section - OF chapter 81 Of
the Code OF 1863.
Here the section referred to was read by
Mr.. DOoley.
THE NEW PRESIDENT.
Mr.. Biddle here arose and nominated as
president Of the road Mr.. Joseph Z. Brin-
ton, OF Philadelphia.
Mr.. w. W. Gordon requested that the
nomination be Withdrawn IN order that fur
ther business be presented, To which Mr..
Biddle objected.
Mr.. Gordon nominated Judge Robert
! Oud.
Here Judge Ould requested as favor that
his name be withdrawn, which was done.
| DIR. Anderson here SAID he was fond OF
secondiDg nominations in eulOgistlc Pc
riods, but as he did not know who the gen.
tleman iE nomination was, he would be
pleased if some gentleman would enlighten
| him.
The information not being given, the vote
was proceeded with. and Mr. Brinton was
elected by 5,363 to 1920.
Mr.. Joseph Z. Brinton, of Philadelphia,
the new president Of the Richmond, Fred.
erick,burg and Potomac Railroad Com.
pany, comes Of an old and honored Pennsyl.
vania family. He bad four brothers In the
late war, one OF whom was General Brin-
ton, OF the Federal army. lie is lawyer
by profession, but OF late years has been
engaged in general business pursuits. He
was a colonel in the Federal army during
the late war, and was on the staff Of Gene
raj Meade. He is a gentleman OF family,
~
lily. Colonel Brinton is about forty five
wears Of age, aud will, OF course, now make
Richmond his home.
PROPOSITION TO LEASE THE ROAD.
After the election of president. Mr. Sed'
don requested Major Fred. Scott to state
whether or no. proposition had been made
by any corporation 10 lease the Richmond,
Fredericksburg and Potomac road.
| Z. faI
,ibilty that Il the stockholders desired to
lease the road on such terms as would pay 6
per cent. on the capital stocks the proper
guarantee would be given.
DR.. Willis here said he would be one OF
ten to put up 100000 TO lease the road at
per cent. on the capital stock.
Mr.. Davenport said this was the most
important question that had been brought
before the meeting.
Mr.. seldom said that here was a stock
which during the worse times Of the panic
had never fallen below 40pwas still as low
as Gj, while the Danville, which fell as low
as .. was now selling at III. This, he SAID,
was commentary on management.
ACTION on THE PKOPOsITIOS TO LEASE.
Mr.. w. W. Gordon then offered the fol-
lowing resolution, which went under by the
usual vote of 3 1863 to 1920:
Whereas Ii has been stated by responsible
parties in this meeting that lease OF the
works, property, and franchises OF the
company can be effected by which the en-.
tire indebtedness Of the company as well
as 6 per cent. upon its entire common
stock shall be guaranteed:
Res0lUed, That the Board OF Directors
are hereby instructed at once 10 enter into
| na0ot,otiop with that view. and TO conclude
4 contract in behalf of this company with
any perfectly responsible parties who may
make such an offer, said contract to be con.
ditonal upon and 10 go into effect when.
ever and as soon as legislation can be had
to leealZe such lease.
There being no other business before the
,,oo,;ro, odiournph cine die