Ashtabula Weekly Telegraph

The Railroad Meeting.—The meeting
called by the old Ashtabula and New Lisbon
Railway Company to meet in this place on the 20th inst.
for the purpose of turning over the effects
of the old Company to the new—Ashtabula,
Youngstown & Pittsburgh Company—took
place at the office of O. I. Fitch. The meet-
ing was well attended by stockholders and of-
ficers of both Companies. President McRae,
with his keenness and ready ability for busi-
ness, was on hand, and we presume the meet-
ing lost nothing in promptness and facility of
movement by his presence. The meeting
opened in the forenoon, and its attention was
drawn to an interesting question started by
Judge Newton—the postponement of the
meeting, before voting upon the question for
which it had been called, by adjournment for
30 days. The ostensible reason alleged was
that the stock of the old Company was not
valueless, and that a definite value could be
ascertained during the proposed interval, or by
subsequent sale at public auction. This pro-
position looked considerably like opposition,
and at once started the incidental questions
that presented themselves, with what strength
will this proposition be sustained? and in
what interest is it made? An adjournment
was had for dinner, and during this recess
there was some earnest and interesting discus-
sion, and the rather general conclusion arrived
at was that the proposition must have been
made in the Niles interest. A consultation
after dinner developed the fact that there need
be no clashing or antagonism, as the enter-
prise was in no measure arrayed against Niles
or Warren. The result of the consultation
was an agreement on the part of Judge New-
ton to withdraw his motion. This brought
every thing into harmony, and the meeting
proceeded to vote upon the preliminary ques-
tion of the inability of the old Company to
build their road. This vote was unanimous,
2174 shares of stock being represented in it.
The main question—that of the transfer, was
a formal and lengthy affair and was moved by
A. F. Hubbard, Esq. As provision was made
in this motion for the mortgage against the
road—some $11,000 to Messrs. Haskell &
Williams, it of course necessarily covered too
much ground for copying in this place. Suf-
fice it to say that its terms were satisfactory to
both interests, and the transfer of all the prop-
erty and effects of the A. & N. L. Co. was
made to the A., Y. & P. Company with per-
fect unanimity. Thus was closed the busi-
ness and object of the meeting, and the effect
of the day's work upon the minds of the
friends of the great enterprise that is to con-
nect the lake at this place with the interior of
the State, and Pittsburgh, called forth the
warmest expressions of hopefulness and pleas-
ure. The assurance before had of the early
building and completion of the road, is now
made doubly sure by the union of interests
that have heretofore been arrayed against
Ashtabula and its prosperity and advance-
ment.

Of the ultimate building of the Jamestown
Branch, there has perhaps never been a very
serious doubt. It has only been a question of
time. The signs of the times indicate that the
day is approaching. New light and hope are
thrown upon it, and now that the completion
of the A. Y. & P. line has become about as
certain as any coming event, we can see with
the eye of confident faith the enjoyment of
two interior lines of road from this place, and
the consequent growth and improvement of
Ashtabula, which cannot but give a promi-
nence, if not a preponderance among her sis-
ter towns along the shore.

It perhaps may be considered an over sight
in not alluding above to the fact of the pres-
ence at the meeting, and concurrence in its
proceedings, of C. H. Andrews, of Youngs-
town, and Judge Kinsman and — Dana,
both of Warren.