| {From the minutes of the
Directors' Meeting of the Virginia Central RR, January 11, 1865} |
| |
| Richmond Jany 11th 1865 |
| At a meeting of the Board of Directors
of the Virginia Central Rail Road Company, present |
| |
E Fontaine |
President |
| |
Wm Overton |
Directors |
| |
Jacob Baylor |
|
| |
N B Hill |
|
|
| The President and Superintendent were
authorised to sell twenty cars to the Piedmont Railroad Company, if,
it can be done on satisfactory terms |
| ***** |
| Whereas, the Board has reason to believe
that the order prohibiting speculations by its officers has not been
respected and as there may be some cases in which the purchase and
sale of the producetions of the Country may be allowed without
detriment to the interests of the Company |
| Resolved, that the order prohibiting
speculation be so far modified as to allow any officer to purchase
and sell: Provided he produces from the President or Supt specific
authority for the transportation of the articles he proposes to
purchase and that the resolution be strictly enforced with this
qualification |
| Resolved, that as the rates of Freight
and Fares now received by the Company both from the Government and
private sources are not more than enough to keep the Road and its
equipment in proper condition and also owing to the large accounts
it has been found necessary to expend for supplies during the last
quarter, it is inexpedient to declare a dividend at this time |