Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1889-02-20
The Buena Vista Company.

A FULL, ATTENDANCE-THE COMPANY
ORGANIzED-THE PLAN OF THE PROS
PECTUs MAINTAINED BY A LARGE MA
JoRITY-THE OLD AND THE NEW BOARD
OF DIREcToRs-THE PROSPECTS OF THE
COMPANY.
Correspondence of the SPEcTAToR.l
LEXINGTON, VA, February 18th. 1882
The quiet town of Lexington was never
more thoroughly stirred up on new line
than has been the case since the afternoon
of the 18th instant. OF the more than six
thousand shares of stock subscribed for in
the Buena Vista Company, over five thou
sand were represented. The extent to
which the people of Lexington and Rock
bridge had subscribed for the stock of this
Company was demonstrated, by the large
attendance on their part and the apparent
suspension of business generally in the
stores, in the workshops, in the profess
sional offices, and on the farm. So, too,
came the stockholders from various parts
of the State. Augusta and Staunton were
here through fifty to seventy of their
representative citizens. Roanoke city and
county, Botetourt, Lynchburg, Rocking
ham, and other points down the Valley,
and Pittsburgh, Pa, were also represented
in the attendance of stockholders.
THE STOCKHOLDERS ASSEMBLE.
Before the hour, 12 NJ, arrived, the
Opsra-House was filled, and not even
standing room could be found for many
who desired to witness and participate in
the proceedings of that, one of the most
eventful, days in the history of the historic
Valley of Virginia. At that hour, in the
midst of the assemblage, the erect person
of Mr.. William A. Glasgow, whose full
white beard and broad forehead and i'm
pressive manner, attracted the silent atten-
ton of the house, arose and presented the
name of that accomplished gentleman and
parliamentarian, Colonel Edmund Pende-
ton, of Lexington, whom to know as he is
known in other States as well as in his own
Virginia, is to command universal respect
aud sincere esteem, which proposition was
unanimously assented to-.
COLONEL PENDLEToN's SPEECH
was brief and happy. After thanking the
stockholders for the honor conferred Oh
him, he spoke of the interest and feelings
the people of Rockbridge had in the objects
which had called together so fine body OF
representative citizens from his own town
and county and from other sections of the
State, and from other States. They had
assembled to put in shape the greatest
much the greatest-enterprise which had
ever engaged the attention of the people OF
this section of country, if not the greatest
of it's kind in the State. The objects
sought to be attained were not merely
local; they concerned all Virginia, and the
achievement was for the development in
the Valley, and concerned alike the State
and our beloved South.
He believed grand destiny was in store
for us, and this enterprise was one, the
character of which would secure to Us a
grand achievement. By anity and effort it
was certain and to such counsels in this
matter ne invoked the assemblage to
patient and careful methods.
Mr.. Chas. NJ. Figgat, cashier of the
Lexington bank. is a gentleman OF
thorough accomplishments and work. He
had also served on the first Board of Di-
Fectors, acting also las Secretary Of the
Board. Professor A. L. Nelson after
suitable reference to Mr.. Figgat proposed
his name for Secretary and it was unani-
mously concurred in.
THE COMMITTEES AND CONTINUED PRO
CEEDINGs.
Captain James Bumgardner, Jr., OF
Stanton, Mosby II. Payne, of Lynchbarg
T. W. Miller, of Roanoke, and VIM. G. Nc.
Dowell and Colonel J. K. Edmondson, OF
Lexington, were appointed the COMMITTEES
on credentials and proxies. Mr. William A
Glasgow, of Lexington B. kirkpatrick
and W. L. Norman, of LyEchburg; j. S
Simmons and W. II. Sthal, of Roanoke
VIM. Patrick and J. Fred Efinger, o.
staunton; and II. FL. Myers and c. H
Efinger, of Rockbridge, were appointed
a Committee on business
Whilst the Committee on credentials wal
out, q discussion arose as to the prope
organization Of the meeting, when th'
Chair stated that the call of the roll o
members had resulted SO satisfactorily a
to the attendance Of large majority of tn
stockholders, that he ruled the meeting
was legally and properly organized.
An adjournment was then carried till
P. M.
AFTERNOON SESSION.
Captain Bumgardner, from the Commit
tee on creden tials, reported that larg
majority Of the stock was represented, ant
also stated that the Committee had in it
possession the evidence that one thousan
and six hundred shares had been subscribe
for on the day Qst Feb.) that the book
were declared closed, that it was taken
solicitors on that day, and before they ha
received official information, and which
as yet, were not counted in the report {
stock represented.
REPORT OF THE BOARD Or DIRECTORS.
Ms. a. T. Barclay, President, was the
invited to read the report of the Board {
Directors appointed under the provisions {
the charter and that had conducted th
movement thus far. The report was
clear, full statement of the proceedings an
made recommendations for modile
organization to that proposed by the pros
pectus. The report, along with pape
submitted by Mr.. VIM. A. Glasgow, wa
referred to the Committee on business.
An adjournment was then carried till 7
P. NJ.
Captain Bumgardner, from the Commit
tee on credentials, made a further repor
relative to the stick subscribed for, bu
not entered on the roll, as previously e