The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-07-07
Richmond, Allegheny and Ohio Cen.
tral Railroad.

In accordance with previous announcement, a
called meeting Of the stockholders of the Richmond
and Allegheny Railroad Company was held yester-
day at p at the office of the company, No. 1104
Main street The meeting called to order by
Mr.. F. Q. French, president Of the company and he
presided.
ON motion of Mr.. Samuel shethar, of New York,
committee consisting Of Messrs. S. H. Letcher, OF
LeX1ngton H. NJ. Alexander and E. r. Leland, OF
New York, appointed on credentials; and on
his further motion tie stockholders took recess
until D. ~.
At the afternoon session the Chair announced that
it probably well known that the meeting had
been called for the purpose Of considering the
terms Of proposed consolidation with the Allan.
tic and Northwestern and Ohio Central Railroad
Companies. He then read the printed contract,
which had already been accepted by the directors
of the three companies. This contract was pre-
pared with view to equal1z1ng the interests of the
several companies and under 1t the holders OF
IS, 900 stock of the Richmond and Allegheny re-
ceive $6,OO0000 in stock and ST. 100000 in income
bonds of the consolidation, that each holder
of $1,000 in Richmond and Allegheny stock will get
$1,000 in Richmond, Allegheny and Ohio Central
stock (the name OF the new company and $500 In
income, or S., 900 in all.
1t was announced that the entire amount of stock
was snares the amount present in the meeting
800 shares, all Of which voted upon the propo
Stion in the affirmative.
ing gentlemen will be the directors: William H.
Barnum Lime Rock, Conn.,; Calvin s. Brtce Lima,
Ohio; Daniel P. Ellis, Cleveland, Ohio; Thomas
Ewing, Lancaster, Ohio; Francis o. French, New
York; Joseph Fl. Gray, Boston, Mass; Joseph 8.
Miller, Wheeling, West Va; Henry G. Parsons,
Samuel Shethar, New York. N. y; George Stone,
Cleveland, Ohio; Samuel Thomas Columbus, Ohio;
Charles E. Wortham Richmond, Va.
The gentlemen who taken for the Richmond
and Allegheny Board we'll know to readers.
OF the new members, Mr.. Ellis is wealthy banker
of Cleveland, and president Of the Ohio Central
railroad; Judge Brice is business partner of Gov
erner Foster, of Ohio, man of large wealth; Mr..
Seney is president of the Metropolitan Bank of New
York, and philanthropist whose large donations
to charitable institutions we have recently noticed;
Mr.. Stone is a wealthy business. man Of Cleveland;
General Thomas is prominently connected with
many railroad enterprises, ice-president of the
Ohio Central and president of the Columbus rolling
mills; Mr.. Miller is Auditor Of West Virginia. Our
people will be glad to see the name Of General Ew-
ing, with whom they have had pleasant &C.
quaintance, upon the list Altogether, the Board is
notable for its wealth and courage.
There were present1n the meeting Mr.. j. s. Loury,
one of the largest stockholders; II. NJ Alexander,
ESQ.,. one OF the trustees; Lawrence Myers, finan.
cial agent of the company; E. R. Leland, and others
from New York.
The events of yesterday have large significance
to Richmond and Virginia. The consolidation IL
now practically concluded which will connect
Richmond with Toledo and ultimately with Chicago
by great and independent line; and we will be
pardoned for rejoicing that this day has been mum
| bered.-DiSD0tch, June "a.