EARLY ISSUES OF CAPITAL STOCK (continued)
Elinore McDonough
Galveston, Texas
May 25, 1927
At a meeting of the Board of Directors held on Nov. 27. 1874,
the following resolutions were adopted:
| "RESOLVED - That six of the Directors
present, viz. A. C. Crawford, R. S. Willis, M. Rosenburg,
D. The. Ayres, M. Kopperl & Jas. Sorley, together with
Mr. John Sealy, will advance Two Hundred and Fifty Dollars
each to make up the amount necessary to pay the present
indebtedness of the Company --- the same to be returned
to them. Pro rata, from the first collections made of
installments on stock subscriptions". |
| "RESOLVED - That all expenditures be
stopped from this date & that the V. President &
Executive Committee call a public meeting, at an early
day, for the purpose of presenting to our citizens the
advantage to arise from the construction of this road
& the necessity which exists of obtaining further subscriptions
to the Capital Stock". |
|
In the minutes of the meeting of the Board of Directors held on
Dec. 1, 1874, appears the following entry:
| "The thanks of the Board were tendered
to Mr. Rosenberg for his valuable assistance in collecting
installments on stock, in which it was hoped her would
persevere". |
|
At a meeting of the Executive Committee held on Dec. 21, 1874,
it was resolved "that a committee be appointed to correspond with
the Presidents of the various Corporate Companies in this City,
and invite them to an interview with the Board of Directors of this
Company on the subject of said Corporations subscribing to the Capital
Stock of this Company". An invitation, in accordance with this resolution,
was tendered to the following gentlemen, to meet in the office of
the Secretary of the Railroad Company (Mr. C. R. Hughes) on the
evening of Wednesday, Dec. 23d:
J. H. Hutchings, Prest. of Galveston Wharf Company
J. L. Darragh, J. J. Hendley, and W. H. Goddard, of City
Company
John Sealy, Prest. & A. P. Lufkin, of Southern Cotton
Press & Mfg. Co.
M. Quin, Prest. of Texas Cotton Press Co.
Wm. Oliphint, Prest. of Gulf City Press Co.
John Sealy, President of Gas Co.
J. M. Brown, Prest. First Natl. Bank of Galveston
M. Kopperl, Prest. of Natl. Bank of Texas
C. G. Wells, Prest. of Savings Bank
R. S. Willis, Prest. of Texas Bkg. & Inv. Co.
John D. Rogers, Prest. of Merchants Ins. Co.
I. Dyer, Prest. of Union M. & F. Ins. Co.
A. Ball, Prest. of Galveston Ins. Co.
J. H. Burnett, Prest. of Home Ins. & Bkg. Co.
Charles Fowler, Prest. of Ice Company
D. The Ayres, Prest. of Galveston City R.R. Co.
Leon Blum, Prest. of Peoples R.R. Co.
N. B. Sligh, Prest. of Gulf Loan & Homestead Co.
Leon Blum, Prest. of Life Assc. of America
Col. Flournoy, E. S. Wood, J. P. Davie, J. H. F. Chapman |
|
The meeting of the Board of Directors with the presidents of the
various companies in the City of Galveston, was held, as planned,
on Dec. 23, 1874. After much discussion, it was decided that the
Executive Committee should address the following circular to the
stockholders of all the incorporated companies in the City:
"THE GULF COLORADO AND SANTA FE RAILROAD COMPANY
To the stockholders of _______________________________________________Company,
The undersigned, a committee appointed by the Directors
of the Galveston, Colorado and Santa Fe Railroad Company,
in accordance with the views express unanimously by many
of the leading citizens of Galveston and officers of most
of the incorporated companies in the city, at a consultation
held for devising ways and means of constructing the first
fifty miles of said railroad, in persuance of instructions
from said consultation meeting, respectfully request that
you will authorize your Directory to take shares in the
capital stock of said Railroad Company to the amount of
two and a half per cent, of you estimated capital. A similar
request is presented to the stockholders of all other
companies owning property and having business in this
city.
H. Rosenburg,
James Sorley,
D. The. Ayers,
N. N. John,
M. Kopperl,
John Sealy,
Committee." |
|
(NOTE: The circular letter quoted above is copied from one of
the printed letters sent to the various Galveston companies. It
will be found on Page 39 of Minute Book No. 1, where it has been
pasted, with a few introductory lines to show what was accomplished
at the consultation meeting of Dec. 23, 1874. The name of the Railway
Company is shown in the printed circular as quoted above.)
That the consultation meeting had results, may be noted from the
following subscriptions to the capital stock by the gentlemen present
at that meeting , either personally or in the names of the companines
they respresented:
| Cert. No. |
Name |
No. Shares
|
| 12 |
J. J. Hendley |
20
|
| 13 |
Wm. Hendley & Co. |
4
|
| 27 |
Galveston Insurance Co., A. Ball, Pres't |
25
|
| 32 |
N. B. Sligh |
1
|
| 37 |
Jno. D. Rogers |
10
|
| 41 |
First National Bank of Galveston, J. M. Brown,
Pres't |
50
|
| 40 |
J. M. Brown |
10
|
| 44 |
Galveston Gas Co., John Sealy, Pres't |
60
|
| 48 |
Chapman & Duffield |
5
|
| 61 |
Island City Savings Bank |
12
|
| 79 |
Steele, Wood & Co. |
5
|
| 83 |
Galveston City Rd. Co., D. The. Ayres, Pres't |
25
|
| 91 |
Home Insurance Co., J. H. Burnett, Pres't |
32
|
| 93 |
Leon & H. Blum |
50
|
| 106 |
Wolston, Wells & Vidor |
15
|
| 111 |
Union Marine & Fire Insurance Co., I. Dyer,
Pres't |
50
|
| 125 |
National Bank of Texas, M. Kopperl, Pres't |
25
|
| 126 |
J. L. Darragh |
10
|
| 128 |
A. P. Lufkin |
30
|
| 131 |
Southern Cotton Press & Mfg. Co., John
Sealy, Pres't |
150
|
| 149 |
J. P. Davie |
5
|
| 160 |
Galveston Wharf Company, J. H. Hutchings,
Pres't |
200
|
These subscriptions will be found in their proper place in the
check of the entire first stock book of this Company, which is attached
to this sketch.
|
