The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-05-29

Manly Protests, while Those or PhiIadeI-
phia Quietly Outvote Them-Dr. l.. h. An
| derson, State Director, Submits n Strong
President-A Proposition TO Lease the Road
jected-ResoIutions,e etc.
| A called meeting OF the stockholders OF
the Richmond, Fredericksburg and Poto.
mac Railroad Company was held in this
city Yesterday. The meeting was called
TO order in the presidents office, corner OF
Eighth and Broad streets, and. on motion
OF Mr.. John II. Kelley, of Fredericksburg,
Mr.. +. Y. Cannon was called to the chair,
and Mr.. j. y. Winston made secretary.
Owing to the limited size OF the Office, the
meeting was adjourned to SSenger Halle.
The following stockholders were present
Judge Robert OuId. Messrs. |. II. Caring
ton, f. X. Scott. James II. Dooley, Charles
u. Williams, William ii. HaXalI, W. W.
Gordon, Philip Haxall, Robert Stiles, J. II.
Kelley, Charles Ellis, Thomas Seldom, DR..
John X. BAYLOR OF Caroline, Boiling w.
| liaXall, DR.. +. Il. Willis, John w. Wright,
Attorney James G. Field, Colonel
III. =. Jones, Isaac Davenport, Jr., Edward
Cohen, Mr.. Elliott Of Washington, A. Sid
ney Biddle and Charles Cbauncev OF Phila-
delphia. Moncure Robinson, Jr., +. Y. Can
non, Mr.. Blackburn OF Alexandria, f. ID.
Christian, Dr. l.. b. Anderson.
THE MEETING ORGANIZED.
The Chair here appointed MessrS. J. III.
Kelley, Charles Ellis, and Thomas Seldom
committee to report upon the stock rep
resented.
The committee retired. and soon brought
] ;,,t ho, ,yl1inh naanfp1 lin a..
cordance with the by-Iaws) before said re.
port was announced. They reported the
whole number OF votes as 1888, OF which
there were present G,3l3.
Mr.. Kelley said be had not been informed
as to the objects of the meeting. He bad
understood the Dispatch contained two arti-
cles about it, which he had not seen. lie
wished TO act with his "eyes lcide Open,"
and hoped some one would inform the
know -no,hings" as TO the purport OF the
meeting.
Mr.. Chauncey said he had no official noti-
fication. but he had understood that the
president OF the company desired TO tender
his resignation.
President Robert Ould here arose, and
said the paper he was about 10 offer was not
a report. but was communication to the
stockholders.
ABSTRACT OF JUDGE OULD's LETTER.
"The affairs Of the company since the
date of the last annual report OF ibe presi-
dent and directors in November, 1880, have
in the main been prosperous. The increa.C
OF receipts for the past six months com
pared with the same months OF the preced
ing fiscal year is S27, l41.22, while the in
crease OF expenditures has been small. The
last month for which we have full returns
is March OF this year. The increase in that
month OF receipts over those OF March, IL 80
is Sl3,Sj6.11."
After referring briefly TO the business O
the road during the past year the President
continues:
Having n ade this brief statement OF the
operations Of the road, ! desire 10 add thai
certain occurrences which have recently
taken place have induced NE TO tender my
resignation as pre- sldent Of this road to the
stockholders. deem it proper. as briefly
as can, to state the reasons which have led
me to this determination.
alt is well known that In July, 1878, The
stockholders passed resolution declaring
in favor OF an arrangement with the Polo
mac Steamboat Company bv which day
line by steamboat between Washington an(
Ouantico should be run, the steamboat t
lTpcclNc Tue SdlDt IillO VI iNNNlPlN as wv
Alexandria and Fredericksburg Railroad
Company had before that time received. II
was further resolved that as soon a. practi
cable the service should be performed by az
iron boat or boats guaranteed by the builder
to have an average speed OF eighteen miles
per hour, and built 10 run through ice three
inches thick.
"a boat having some OF the qualifications
bereinbefore named, and other accommOda
tiOns not included in the res0lution-such
specially. as a railway track-was offered by
the Potomac Steamboat Company about the
beginning Of last fall. Feeling myself un'
der an Obligation 10 carry out in good faill
The resolutions OF the stockholders, notified
the president Of the Pennsylvania railroad
which controls the line between QlantlcC
and Washington, that this road would
connect at Quantic0 with the steamboat IN
running a day line between Wash ngton and
Richmond | received reply from Mr
Cas.att, Vice President of The Pennsylvania
road. asking whether it was my purpose tC
allow the Alexandria and Fredericksburg
railroad to make connection with the train,
on this road which carried passengers to and
from the steamboat, and whether | would
continue, in connection with the AleXandrla
and Fredericks railroad, TO run through
cars on these trains between Washington
and Richmond.
"In reply TO this letter, with the concur.
renee Of the Philadelphia stockholders, and
at their request, | wrote to Mr.. Cassatt Oh
the llth OF October last that the day lraln o'
this road would make exclusive connection
with the steamboat"
The paper then recites that in OCTOBER
last the PENNSYLVANIA road made arrange
| their line hpiWpeU
Ouantico and Alexandria, and the Post
Office Department TO transport the mails by
some other al-rall route. The Philadelphia
stockholders then, in Difference TO the Post
Office Department, determined TO make DC
change without giving one months notice
THE AGREEMENT BROKEN.
| The PENNSYLVANIA road objected TO come
| into apy such temporary arrangement. The
| PENNSYLVANIA stockholders then agreed tC
continue as before the pending arrange
ments, which would not be disturbed with
out twelve months notification.
| In April last the Philadelphia stockhold'
ers determined that the boats should be pul
on between Quantico and Washington, ana
| TO be run in connection with the road at q
lower rate. To the latter part OF lhe plan
tbe putting on OF this line at rates discrim
mating against the rail connection) ne oD,
iected. Since it was In spirit violation oil
ibe agreement entered into with the Penn
sylyania road, since it had not then been In
force even six months. The Judge cont1n-
ues:
al had at the beginning made up my
mind that no such measure should be car
ried out, at least until it was brought to the
attention Of the stockholders" IL was bu'
;ustice, however, to the Philadelphia stock
hnlders Tn say that they perslstently de-