Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-03-16
CHESAPEAKE & OHIO.
STOCKHOLDERS MEETING ADJOURNED
TO MONDAY NEXT.
Storm Troubles Delay the Arrival OF Stock
Lists and Proxies-Lstter from
Mr. Huntington.

AT noon yesterday was the time fixed
for the annual meeting OF the stock
holders OF the Chesapeake and Ohio
Hallway Company 10 be held in this city.
The meeting Was called to order in the
Office OF General Williams G. Wickham,
the receiver, in Pace Block, at the ap-
/ pointed time. and that gentleman was
called to tho chair. There we're but
/ four persons present, including Mr.
/ Henry L. Wickham, counsel for the
road General Wickham's private secre-
tary, a clerk, and a Dispatch reporter
POSTPONED.
/ In consequence OF the storm troubles
aud the non-arriyal of mails from the
North the stock lists and proxies had not
been received from New York. Such
being the case and there being doubt as
TO whether the mails will get through
before Saturday it was decided best to
adjourn the meeting over to Monday
next, the 18th instant.
LETTER FROM Mr.. HUNTINGTON.
The following letter from Mr.. c. p.
Huntington, late president of the COM
pauy, has been received aud will be laid
before the stock and security holders
when the meeting is held:
To the Hoi9ers Of the stock and Securities of the
ChesGpeaks and ohio Roiiirag Company:
GentlemeD.-ilayiug now retired from the pre-
sidency Of the Chesapeake and Onto Railway
Company, deem IL a fitting occasion for ex-
pressing generally to the holders OF Chesapeake
and Ohio securities what have said personally
10 many Of them.
Ihave been president Of tho company for about
eighteen years. Several years ago should have
left " TO the fate which then awaited it had
been the only person Interested 10 ia success.
Unfortunately, however there were many hold
era of ia securities who could III AFFORD 10 lose
their holdings and ShO looked 10 me largely for
the success OF the roai have stood by the
company through it, long. hard struggle. ad-
vnncug 20 IL large sums OF money In order 10
keep the permanent way In good condition. sup
ply the road with rolling stock, and pay interest
on H. bonds. aud that, too. az times when the
company was without credit and had no col
lateras tO Olor.
General Wlckhem. Of Virginia, has heartily
aud sincerely Co-Operatod with me during the
whole period Of my connection with the company
in the sdmiuistia alton OF it's affairs. have been
q consistent believer IN tho ultimate success Of
this property. hoping that at some time the vast
mineral wealth along ts line would be- more
fully developed and its western connections
completed, and being convinced that with these
things once accomplished my faith In the future
Of the road would be fully justified. felt that
when such time arrived could properly retire
from The active management OF the road and
tranafer o. other md younger shoulders the bur
den tnRt hai 20 long rested upon mine thus al
lowing me 10 give more time and attention TO my
greater interests west Of the Mississippi river.
To bring about this object I advanced large
sums OF money to build a hrst-class low-grade
road from Huntington, W. Va, to Covington,
Ky, and a bridge over the Ohio river between
that city aud Cincinnsti. and upon The compile
ton OF these improvements we shall have a
1rat-class line between Newport News and Gin
cinnatL. The late change In the financial and
operating management Of the road was tho next
and Wit. such banking houses as now have
charge ~ the financial nffairs Of the company,
and with al energetic and capable manager
like NJ. Ingalls, 10 conduct It's operating depart
mont | felt confident that tho limo was assured
OF au earning power that would satisfy ell the
reasonable expectations ~ those who have any
moleyed interest in the property. and folt that
! could retire from the active management with
satisfa, action 70 myself aud without detriment %
the interests Of others who may have relied upon
my continued relation 10 the property
desire 10 say. in conclusion, that ! make this
statement for tie bsucflt OF all who have had
an interest In this property and who have sold
their holdings. either because they we're dissat-
isned with the management or were uufOrtu-
ns'ely unable 20 hold them, and als0 for the bene
No Of my friends Who have had faith In me- and
stood at my slde. and not. let mo say, Tor the
benefit % those who console themselves for their
merlted failure by standing AMI yelping at the
footprints Of every successful man.
Yours very truly. & 7. HUSrINGr0S.