|
{From the minutes of the
Directors' Meeting of the Richmond, Fredericksburg & Potomac RR,
July 20, 1863} |
| |
| At a meeting of the Board of Directors held July 20th
1862 |
| P. V. Daniel Jr President, Messrs Myers,
Haxall & Robinson Directors |
| The President stated to the Board that the
object of the meeting was to consider the propriety of making an offer
on the part of the Company, for the 6 pr ct Cotton Loan Bonds of the
Government, with the view of securing funds for the purchase of
supplies for the Company, by their sale in England. |
| The President informed the Board that from
recent intelligence received from Capt Robinson he was deprived of all
hope of the negotiation of the Bonds already sent, but was inclined to
believe that a successful sale, upon advantageous terms, might be made
of the Cotton Bonds, presenting as they would superior inducements to
foreign Capitalists, whereupon Dr. Haxall moved that a bid for $20000
of Cotton Bonds be made at a premium of one hundred per cent. |
| Mr. Robinson moved to amend the motion by
substituting fifty per cent premium. |
| The question being taken on the amendment
it was lost. |
| The question recurring on the original
motion it was carried, Mr. Robinson strong in the negative. |