Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-08-05
SUSTAIN THE BOARD.
GORDON LAND co. STOCKHOLDERS
ADOPT THE DIRECTORS REPORT.
Those Who Are Attacking the Manage
ment Think the Meeting VIII Re-
suit In Benefit to Them.

Several Of the gentlemen from Richmond
who attended the meeting OF the stock
holders Of the Gordon Land Company, held
at Gordonsville Monday, returned to the
city yesterday morning.
Among the Richmond parties present at
the meeting were the committee represent
ing the dissatisfied stockholders and con-
sistinc OF Colonel II. G. Jones. W. II.
Sands. w. Il. Robins, Jr.. J. S. Easley. and
II. 4. McCurdy, with their counsel. Mr.. c.
V. Meredith. Other Richmond gentlemen
in attendance were N. W. Bowe, Warner
J.. Fleming. Q. l.. Br )wn. w. II. Beveridge,
Jr., and the counsel Of the company,
Messrs. Frank Christian and Hill Carter.
STOCK REPRESENTED.
Mr. N. w. Bowe said yesterday TO DIS
PATCH representative that there were rep
resented III the meeting between 4.100 and
200 shares of stock out of a total of 4,s0O
shares.
The directors submitted voluminous
report Of the condition and transactions
of the company. which was referred to q
committee, of which Mr.. J. III. Flood, Of
Lynchburg. was chairman. This commit
tee, after comparing the statement OF the
directors with the books aud papers OF the
company, reported back to the stockhold-
ers that the directors had acted In an
honorable and business-like way and were
entitled 10 the commentator OF the
stockholders. and the report was adopted
by a vote of between 3,l0G and 3,2OO ayes
TO about 800 or $50 nays.
FEW VOTED AGAINST II.
80 far as | believe" said Mr. Bowe,
every stockholder present save Mr..
Sands and his co-commltteemen ana
possibly one other exception voted to suS-
tain the officers Of the company"
A substitute for the report OF the COM
mlttee, recitiDg that the directors report
was unsatisfactory and requesting them
TO resign, was defeated by about the same
vote.
The stockholders also, said Mr.. Bowe,
instructed the directors not TO call for
more than rs per cent. Of the subscribed
stock until further orders, as II was
thought that that amount would be suni-
cient for all purposes for long time, II
not altogether.
THF RESULT OF THE MEETING.
A gentleman who attended the meeting
in the interest of the Richmond stOckhold-
ers and those ia sympathy with them was
asked TO give q statement as TO what took
place at the meeting. but he said that he
and those who represented those STOCK
holders were not quito READY 10 MAKE pun
lie their views. In a few days. he added,
a statement would be made in print to
those stockholders. who number over two
hundred persons, holding over 300 shares,
He said the statement would show that
the result Of the meeting was in substance
as follows:
/. That no proof was offered 10y the di-
rectors disproving any charges made IN the
committees report.
2. That all steps were taken at the meet
ing by the representatives of the Richmond
stockholders required by law 10 be taken
before they could bring suit TO recover their
money.
8. That the rejection by the meeting oi
the resolutions offered by the Richmond
stockholders was beneficial 20 them, i'll
that every stakeholder who voted dgdinsi
those resolutions released the promoters
from all liability to the stockholders 80
voting, and thereby assured the certainty
of the Richmond stockholders recovering
their money from the promoters.
General James G.. Field presided over
the meeting. and Mr.. b. c. Wherry, of this
city, was the secretary.