LVA, RF&P 2/9/1863

{From the minutes of the Directors' Meeting of the Richmond, Fredericksburg & Potomac RR, February 9, 1863}

 
At a meeting of the Board of Directors held Feby 9th 1863
   Present: P. V. Daniel Jr President, Messrs Mumford, Myers, Mills, Robinson & Haxall Directors
   The President informed the Board that he had convened them for the purpose of considering and adopting the best and most effective means of carrying into execution the resolution adopted at the last meeting in reference to the importation of supplies.
   He stated that Capt Jno. M. Robinson, the agent employed by the Company for that purpose, had been in conference with the Secretaries of War and the Navy and other prominent government officials for several days past, with the purpose of ascertaining their views as to the best and surest method to be employed for the safe transportation of such supplies as he might purchase, and requested Capt Robinson, who was present by his invitation, to make a statement of the result of his interviews to the Board.
   Capt Robinson stated that in frequent consultation held chiefly with the Secretary of the Navy and Major Gilmer Chief of the Engineer bureau, he had learned that it would be impracticable to obtain transportation for supplies in Government vessels, as he had hoped, the Government having no freighting vessels in foreign ports and relying for transportation of its own importations on individual enterprize.
   These gentlemen expressed the opinion that, the most practicable and at the same time the surest and least hazardous plan that could be adopted by the Company was to purchase a swift steamer of as light draught as would be safe for seagoing purposes, ship its purchases under protection of the British flag to Nassau and then employ the steamer in transferring them to Confederate ports in several shipments. An inducement to the purchase of a steamer, in addition to the certainty of securing transportation, and one which would in a great measure countervail the objection of the increased outlay which would be needed for the purchase of such a vessel, (some $25000 in English currency) lay in the fact that in the event of the safe arrival of such a steamer in Confederate waters, she could be readily disposed of at a large advance upon the original cost.
   Capt Robinson while he deemed the plan suggested eminently practical, thought it expedient to make an effort to induce the Government to become the purchasers of the means of transportation and thus relieve the Companies of the additional risk which its purchase by them would involve, before the Board took any definite action on the subject.
   It was not without hope that such an effort, which he proposed to make in an interview with the President on tomorrow, would not prove wholly fruitless.
   Mr. Myers offered the following resolution which on motion was laid on the table:
   Resolved that the President of this Company be authorized to give such authority, to this Company's agent for the purchase of supplies in England, as will enable him to use such means for transportation as will prove most safe and economical, taking into consideration the number of Companies uniting with this Company, whether such means be best ensured by the purchase of a vessel or of vessels, or otherwise.

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