The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-06-24
Richmond, Allegheny and Ohio Cen
trail Railroad.

In accordance with previous announce
ment, called meeting of the stockholders
OF the Richmond and Allegheny Railroad
Company was held yesterday at / p. nj. at
the Office Of the company, No. 1l04 Nam
street. The meeting was called TO order by
Mr.. Il. o. French, president OF the COM
plnv, and he presided.
On motion OF Mr.. Samuel Sbethar, OF
New York, a committee consisting OF
Mcssrs. s. III. Letcher, OF Lexington; III.
u. Alexander and T.. r. Leland, OF New
York, was appointed on credentials and
on bis further motion the stockholders took
a recess until P. NJ.
At the afternoon session the Chair an.
nounced that 1t was probably well known
that the meeting had been called for the
purpose OF considering the terms OF pro.
posed consolidation with the Atlantic and
NoI Ithwestern and Ohio Central Railroad
Companies. He then read the printed con-
tract. which bad already been accepted by
the directors Of the three companies. This
contract was prepared with view 10 equal
izing the interests OF the several companies,
aud under 1t the holders Of $4,000, 900 stock
OF the Richmond and Allegheny receive
SO 900, 900 in stock and "a 900, 900 in income
bonds OF thesnew consolidation, so that
each holder OF $1,000 in Richmond and Al
leghany stock will get $1,000 in Richmond,
Alleg hany and Ohio Central stock Qhe name
OF the new company and $500 in income,
or $1,000 in all.
II was announced that the entire amount
OF stock was 1000 shares. the amount pre-
sent in the meeting was 1850 shares. all OF
which voted upon the proposition in the
affirmative.
Under the terms of the consolidation the
following gentlemen will be the directors ::
William II. Barnum, Lime Rock, Conn. !;
Calvin S. Brice, Lima, Ohio; Daniel =. Els,
Cleveland, Ohio; Thomas Ewing, lancaster,
Ohio; Francis .. French, New York, n.
Y. Joseph II. Gray, Boston. Mass. joseph
S. Miller, Wheeling, West Va; Henry c.
Parsons, Richmond, Va; George |. Seney.
Brooklyn, n. Y; Samuel Shethar, New
York, n. Y; George F. Stone, Cleveland,
Ohio; Samuel Thomas, Columbus, Ohio ;
Charles T.. WOrtbam, Richmond, Va.
The gentlemen who are taken for the
Richmond and Allegheny Board are well
known TO our readers. OF the new men,
bers. Mr.. ELS Is wealthy banker OF Cleve-
land, and president OF the Ohio Central
railroad; Judge Bfice is business partner
OF Governor Foster, Of Ohio, man of large
wealth; Mr. Seney is president Of the Me-
tropolitan Bank OF New York, and phi.
lanihropist whose large donations to chari-
table institutions we have recently noticed;
Mr.. Stone is wealthy businessman OF
Cleveland; General Thomas is prominently
connected with many railroad enterprises,
vice. 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 Ewing, with whom they have had
so pleasant an acquaintance, upon the list.
Altogether, the Board is notable for Its
wealth and courage.
There were present In the meeting Mr..
j. S. Loury, one OF the largest stockhod-
ers; II. NJ. Alexander, Esq, one OF the
trustees; Lawrence Myers, financial agent
OF the company; L. X. Leland, and others
from New York.
The events OF yesterday have large sig
nifcance to Richmond and Virginia. The
consolidation Is 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 num-
bered.