Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1882-02-21
NORTHUMBERLAND co.
STOCKHOLDERS ANNUAL MEETING,


the Viigitis Midland Railway Company was
hald at the oaoe Of tbs com papy in ibis city.
tc-l 10y. Amcng those present wtr, Messra.
Robsrt T. Baldwin ADD j. K. Cewsu. Of Bal
.iuort; Geo. T. NJ, L,gan and Mr.. Joseph
BrysD. Of Richmond. Va; Hon. R. A. Coetill.
Of Ambtr;,; Mr.. y. q. Holland. Of DaLViIlt;
Capt. Chsrles NJ. Baoktord. Of LEnobburg;
Geo. VIM. d. Payne, of WarrenloJ; AID Mr..
John w. Burke, Of this city, dir o.ors OF The
vsnia county, M.ir James II. D,sIey Rob
moud. Va, g. W. B. Hale, Of Frar Kin Co.;
aud Nj. jor j. Turner Morehead, vic, President
of the North Carolina Midland Railroad Gem
pA1y.
Immediately upon tie adjournment of the
Board Of Directors, wbica mat at elsveu
O'Clock, for BIO purpose OF arranging for the
general meetlng ire stockholders meeting was
called 10 order y Hoo. JJbo 8. Barbour, Pr ST.
deat of the Vrgiti, Midsnd RAilasy Cm-
psny, who sat- tia. tina first business 10 BIZ
traLs 'eted wss The selection Of Chairman. and
he would susgfs; for that position Mr.. Robert
T. B.ldsio, Of B.limcrs. Mr.. B.:dRia was
OF ossh unsnimt u,Iy.
Col. l.. w, Rid, Secretary OF The Company,
wss / en- co motion mad, secretary # The nice
in.
Cd. w. 4. Slns. Of PitisyivAnis; Linden
Kent. Ct Al.x,rdiis, AID Robert Saunders. OF
OsmIbsl county. wsIe sp2ciated committee
On prcxl;s. The committee reported that
there were present al 100 shares Of stock. The
report was adopted
President Pattour then read lis annual re-
port showing that the gross receipts ct the road
Tor the year ending December 81, 1881,
amounted to 81 ,422 1876 81. the expenditures
to 1914 720 Ga. leaving balanc, Of $578.-
OT5.S7. Taere were other expenditures duliog
the year lot il cluied in tho shove. ss folloWt:
For c,rs ruotion. DIV work. new rails. &c $751;.
2Q4 27;:qupmeut, utw rol leg stock, ST. ,l34 ~;
expenses Of reor9sniz,tiop, new bands tex on
deeds, &c, $27 272eS; total $ls5 GIL 81.
leaving net balances If 1892. 464 80. Tue
com psoy paid interest duliog the year for
eight months from J,ou.ry l to Sep ember l.
en- funded debt. 1912 096.S6; also prid Interest
on the debt fur six months prior 10 January !,
1881, duricg the tins tho road Was in the
hsncs Of q receiver. according TO rsorgapizs:
lion schamc, amounting to 1881 544 81, mskiUe
tho total amount of Interest paid dufiog tbt
past yesr $423. 64l.l7. The tuoded dahs of
the company Daoembsr 81. 1881. WIS., S.. 423.-
2Sl,9l the amount OF stock Of the oampsuyst
tbs. date waa. frat preferred 81 5U0, 900. q
preferred 81 500 600, common sock $500. 0CO.
total 81 500 900. La accordance with tbs
order OF ONober 30. 81 000 900 OF bonds will
b. Issued 10 take W the TWO classes of pre-
terred stock, apd the COMMON stick " Il ba it
CROSSED t. Sc 100000. Toe resp 8 IF tie
c1musnY fer 1881 wsIe il excess If 1850 By
Sl75 3I9 81 while The rauuiug exoensas OF the
road we're $2Q7 PSI les, than 1880, mskipg 90
I'M NJ 10.
There wore 77730 mole passengers. snd 81
$50 more rons of freight, cnred ov.r the road
than 10 1880. The report concluded ty stating
that the prospects for 80 increased business brs
most favorable; and ST. or being referred 10 .
Committee, was received and adopted.
Major Morehesd, Vios-Prssldent Of The
North Osrollns Railroad COmpsng, va, Inviied
10 participate 10 the meeting.
The chair stated that th, eli ction Of officers
was 10 order.
o. motion of Gen. L,esu, Hon. John e.
BMb;uf, was declared the unanimous cSoics
of the meeting f. President of lhs Company
tor the ensuing Year.
Ihe following gentlemen w.r3 then nDmi-
mated by COL oioa fer Directors OF the Con
psny: q. G. Holland, of DanyiIlt; q, NJ.
Bscktord, OF LJoehbur.: Il. A. Co.tilI, of
Amherst; w. Il. Pavne. Of FaCqui6r; Jcho 7.
Ljvell, OF Wsrrer; A, 3. BusoId, I. Nj. 1t
gar, Joseph BtYsu AID j. Ii. Doolty, of Riot
mond. w., Il. I. Bald yin and j. Wilcox
Bsow0, ct B.ltimors; W. p. Clyde and W.
B,ssrd Cuttiug, of Nav Rok, and Jobu w.
Burke, of tits city.
Mr.. Burke d. c intd rt-,ceion. sud Wu.
H P,lmer.lt Richmond 8 ca red 10 his place.
This change was accepted by Col. sins, and
the sent!emen above mentioned we're elected
directors It lhe company Unanimously. the
chair, on motion, c.stlng tue vote.
Mr.. Bscktord offered . series Of resou'ions,
which wera adopted. providing h at the admin.
isiration of the affairs of iha company bs vested
10 the President. sixteen dir ciors, and such .
nunb:r Of Vice. Presidents As my he des e.
mated. tho said Vic:- Presidents to b, elected By
The Boa! d OF Directors, and changing the ar-
ru.l mee.iog from February to The third
Wednesday in December. and changing tbs
fscAl year from Der 10 SOih Of September
MI. Doclsy offered a revolution .uIhorizrg
the Board CT Directors OF the com DAILY 10 give
such cid to the N. y. MijlADd Ra:l.oad IS will
secure lts speedy completion.
Mr.. More sad, by Invitation, explained the
advantages lh.t would retuit from q ,p,ety
completion of The North Carolina Mldlsna Rsil-
road. and the resolution was adopted.
a resolution ~ Col Sims continuing thu re-.
cent order providing for She exchange IF old
stock into new, WAS referred to the board OF III.
1CCtote oS Ill tOu OF OAnt q AcRfOrQ,
Col j. \. Meneiea. VIM. B. Smoos, efq Col.
T. B. Massey and w. +. Anderson, esq a del.
CATION trom Rappshannock couaty were intro.
6ucsd to the meeting by Mr.. Barbour
Col. Menefse said the object f the visit Of the
delegation wes to Gecu:e some ciion looking TO
the construction Of railroad from Warrenton
to Spefryville, in his county. After An e1pa.
nation y Col. Menefto Al some discussion on
the susjsc!. resolution authorizing the Board
OF Directors 10 rerdtr .uch aid rs the merits OF
the enlerpi 10 deserve, WAS adopted
The meeting then adopted . resolution CT
thai Is 10 the chairman. AMI sdjournet.
A CHANdE.-R:v. j. He,ly, 8. J.. who las
filed tho position Of President of GEORGETOWN
oiversisy 10 very &C ,ptable man IT for cisl
years past. has been succeeded BY Rev. James
A, Dtcnan, 8. j.. Vh, has bean viol- pr sdept |
vt The college for some time. The health cf |
Father Hesly has been shstttr.d f,r mouthe, |