He was about to say much more, but Garnet purposely drowned his voice.
"Gentlemen, we'll proceed to business. Mr. Crickwater, will you act as
doorkeeper?" Mr. Crickwater assumed that office.
Secretary March having occasion to mention the number of subscribed
shares represented by those present as six hundred and eleven, Garnet
explained that besides his own subscription he represented one of
fifteen shares and another of ten for two ladies, and Champion
unintentionally uttered a lurid monosyllable as Shotwell stuck him under
the leg with a pin. They were the shares, Garnet added, that General
Halliday had failed to take.
Business went on. When, by and by, Mr. Crickwater admitted Parson Tombs,
the pastor found the company listening to the Honorable Cornelius
Leggett as he expounded the reasons for, and the purposes of, the
various provisions of An Act to authorize the Counties of Blackland,
Clearwater, and Sandstone to subscribe to the capital stock of the
Three-Counties Land and Improvement Company, Limited, and to declare
said counties to be bodies politic and corporate for the purposes
therein mentioned.
"You see, gentlemen," interposed Garnet, "we make Mr. Leggett one of the
principal advocates of this bill in order to secure the support of
those, both in the Legislature and at the polls, who are likely to vote
as he votes on the question of the three counties subscribing to this
other thousand shares, the half of our capital stock reserved for the
purpose."
Mr. Weed asked how many shares offered to voluntary subscribers on the
ten-dollar instalment plan had been taken, and Garnet replied, "All.
Those, together with the shares assigned me in exchange for the
mortgages I hold on Widewood and propose to surrender, the forty for
which Mr. Leggett pays five hundred dollars, and the two hundred
retained by Mr. March and his mother, make six hundred and forty,
leaving three hundred and sixty to be placed with capitalists willing to
pay their face value. We have to-day an increased confidence that these
reinforcements"--he smiled--"are not far off. When this is done we shall
have raised the three-eighths of the face value of the one thousand
private shares, as required, before the three counties' subscription to
the other thousand shares can become effective. I have to state,
gentlemen, that General Halliday has been compelled by the weight of
other burdens to resign the treasurership; but on the other hand I have
the pleasure to announce that Captain Charles Champion has consented to
act as treasurer, and _also_, that Colonel Ravenel expresses his
willingness to serve as one of the two trustees for the three counties
on the--(applause)--on the very reasonable condition that he be allowed
to name the other trustee. I believe there's no other formal business
before the meeting, but before we adjourn I think a few brief remarks
from one or two gentlemen who have not yet spoken will be worth far more
than the time they occupy.
Public-domain text, read in full here on John Shaqi.
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