The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1886-10-02
RAILROAD CONSOLIDATION.
Bachman Valley, Hanover Junction, Han0ver
over Railroads 70 be Merged into the

Baltimore q daTr1SDuIS.
At meeting of stockholders Of the Hanover
Junction, Hanover and Gettysburg railroad
and the Bachman Valley road, these roads
were consolidated under the title of the ssBal.
timore & Harrisburg Railway Company,
with A. W. Eichelberger president
At Hampstead this Saturday. morning
there will be a meeting of the stockholders OF
the Baltimore & Hanover railroad for the pur-
nose of adding that road to the consolldatloh,
which no doubt will be done.
The following announcement to the STOCK,
holders of the Baltimore Il Hanover road VIII
show the objects and aims of the consolida-
ton: u.
Whereas, it has been made to appear that
the public interests, as well as the interests
of the stockholders of this company, can pest
be promoted and enhanced by consolidation
of this company with the Bachman Valley
Railroad Company and the Hanover Junction,
Hanover and Gettysburg Railroad Company,
and the railroad of the consolidated company
then placed under the management OF the
Western Maryland Railroad Company by
lease. so as to have one uniform system for
the control and operation OF these several
railroads as they now exist, and the contem-
Mated extension and branches of the same I;
and whereas, articles of agreement have been
prepared by the counsel of the several COM
panies for the purpose of securing tins opJect,
and the same have been submitted to the
Board of Directors, and, after full conslaera-
ton of them, it was unanimously
RESOLVED. That the said articles of agree
ment be ratified, confirmed and adopted; and
the President is hereby authorized, empower
ed and directed, on behalf of this company,
to execute the said articles of agreement, and
proceed to carry the provisions OF them into
effect.
In the agreement with the Western Mary
land Railroad Company, special provision
has been made to secure the interests OF the
private stockholders in the Baltimore and
Hanover Railroad, as follows.
upon the completion of the consolidation
of the two Pennsylvania Companies above
named, wiz, Bachman Valley and the Han
over junction, Hanover and Gettysburg Rail-
roads, under the name of the Baltimore and
Harrisburg Railroad Company, there shall be
issued to the private stockholders of the Bal
timore and Hanover Railroad Company, who
may sign this agreement on or before Oct. LIST,
proximo, (meaning by private stockholders
all holders of stock other than the Hanover
Junction, Hanover and Gettysburg Railroad
Company, one share of the stock of the new
Baltimore and Harrisburg Railway Company
in exchange for each share of the stock OF the
Baltimore and Hanover Railroad Company
held Dy the SeVeFal private stoShHoiuCie Vi
the latter company.
"The Western Maryland Railroad Company
will guarantee the payment of an annual divi-
dend of per cent. from November l, 1886,
PAYABLE semi -annually, upon each share of
the stock of the Baltimore and Harrisburg
Railroad so issued to the private stockholders
of the said Baltimore and Hanover Railroad
Company, said private stockholders in said
Baltimore and Hanover Railroad Company
shall in no case receive greater dividend
than per cent. per annum upon the stock OF
the Baltimore and Harrisburg Railway Com
pany to be used to them under this arrange
ment, said stockholders hereby assigning to
the Western Maryland Railroad Company the
excess of any and all dividends on their said
stock that may be declared by said Baltimore
and Harrisburg Railway Company over 5 per
cent. per annum-
SIN consideration of the above agreement,
each private stakeholder of the Baltimore
and Hanover Railroad Company shall agree
to accept the same to the extent of the whole
number of shares of such stock held by him,
and shall further agree to use and vote his
stock in person or by proxy, so as to carry
into effect, with the least possible delay, all
measures required by law to be taken and
had by the Baltimore and Hanover Railroad
Company and its stockholders to effect the
consolidation of the Baltimore and Hanover
Railroad Company with the two Pennsylvania
companies above mentioned under the name
of the Baltimore and Harrisburg Railway
Company