The times. [volume] (Richmond, Va.) 1890-1903, 1897-11-21
vTH AHO NX - -. s
,n@HG<>1&&G&<>G@&&&SG& G&G&@&@<>3>%N0@@0H0@G

Ammen. Horace T. Hotchkiss, Henry +.
Rowland and Robert Sturgis.
Class OF 1893: Joseph Bryan. James
Roosevelt Hiram Hitchcock. and Thos.
=. Atkins.
Glass OF 1900: Frederick +. Thompson.
Aniceto q. MenOcal, Samuel r. Kilner.
Alexander T. Mason. and George West.
The above-named directors are cti-
zens and residents OF the United states.
Third. That at the first meeting OF
tho board Of directors held after the
said annual election the following Off
GERS were duly elected 20 serve for the
ensuing year-tO-Wit. President. Hiram
Hitchcock Vice-President, Charles p.
DAILY: Secretary and Treasurer. Thomas
y. Atkins. That at said meeting the fol-
lowing directors were elected members OF
the executive committee as provided for
in tho bylaws OF said company-to-wit:
James Roosevelt, chairman; Hiram Hitch
cock. Henry +. Rowland, Frederick II.
Thompson and Alexander Il. Mason
Fourth. That since the organization Of
the Maritime Canal Company OF Nicdra-
qua 1915 shares OF the capital stock Of
said company have been subscribed for
at par. amounting IN tho aggregate TO
the sum OF Sl0li5o0 Of which amount
IN cash; that there has been paid into
the treasury from other sources 1926 oj292,
making the total amount Of cash received
Sl.123 S92.G2.
Fifth. That since the organization of
the company IL has paid for property
work. and labor done and materials fur
nished I'm the execution of the work Of
construction OF canal and in admnistra-
ton expenses the sum OF Sll3i3@ m
cash. 1890 shares OF tho fun paid capital
stool, Of the company Of the par value
OF s. $50 600 $4,000 OF sos first -mor.eage
bonds. and IT'S obligations for 5000 600 of
the said frst-morteage bonds. 10 has also
issued $4,000 shares OF it5 capital stock
OF the par value OF fl80Q0O0o in payment
for concessiOnary rights. privileges fran
chises, and other property. Two hundred
and twenty-five thousand dollars OF me
amount first named was represented by
a claim against the Nicaragua Canal
Construction Company for cash advances
made on account Of purchase OF equip
ment. and I'm liquidation OF which claim
the Maritime Canal Company has re-
ceived and now holds I'm its treasury
obligations representing Sjis500 Of It's first
mortgage bonds in addition 90 G.i-0
shares OF its capital stock, which We're
transferred and delivered to Thomas y.
Atkins. trustee. In liquidation or said
account 10 be held by him as trustee Tor
the benefit OF tho company
Sixth That the liabilities OF the COM
pany consist OF tho amounts s,il due un-
der the concessions granted % the COM
pany, OF the 81. 10000 OF bonds before men,
toned the said bonds being duo % the as
signees OF the Nicaragua Canal conatruc-
ton Company for work and labor done
and materials furnished in the execution
OF the work OF constructing the inter-
oceanic canal. and OF cash liabilities out
standing unpaid 10 an amount not eX-
ceeding 100000
Seventh. That the assets Of the COM
panv consist Of It's unused capital stock
OF the S5l8 800 first mortgage bonds, and
the 2.420 shares OF capital stock, received
in liquidation "a aforesaid, the cOnces-
siOns, rights, privileges. and franchises
which IL now owns, and OF the plant
equipments, materials, lands, buildings
structures railways, steamboats, teic-
phone and telegraph lines, dredges, loco
motives. cars, machinery stores, machine |
shops. supplies, and other property IN |
Central America. including the lands SIT
mated between the lake and the racine I
purchased from the government OF Nlea-
raeua for tho route OF the canal, IN ac-
cordance with the provisions or the Nicd~
raguan concession.
Work on the canal IS at present sus-
pended. for reasons given IN the last an
nual report, as follows;
In August. 1855. work ON the cantl was /
entirely suspended. as has already been /
stated IN previous annual reports De-
cause OF the financial smharr Assment OF