Report of the Hoosac Tunnel and Troy and Greenfield Railroad, by the Joint Standing Committee of 1866.Wentworth, Tappan
History
Report of the Hoosac Tunnel and Troy and Greenfield Railroad, by the Joint Standing Committee of 1866.
Wentworth, Tappan
Hoosac Tunnel (Mass.); Railroad tunnels -- Massachusetts; Troy and Greenfield Railroad Company
H. Haupt & Co. was recognized as the firm name under which the parties
of the first part were associated, and then to be conducted. Copies of
this and the preceding contract will be found printed verbatim in a
report of a committee of the House of Representatives in 1860, of which
Mr. Kimball, of Boston, was chairman. It was reprinted in 1861, and is
House document No. 406, of last year; and it may be profitably consulted
for other valuable information touching the doings of the Troy and
Greenfield Corporation and the contractors therewith.
1858, May 25, the directors assented that the iron delivered by the
Rensselaer Iron Company for the road should remain the property of the
iron company until the same was paid for, in accordance with an
agreement of H. Haupt & Co. with the iron company.
From a report of a committee of the directors made to the board July 23,
1858, it appears that at the date of the report, seven thousand four
hundred and fifteen, shares were subscribed for unconditionally by
parties who appeared to have been solvent at the time of subscribing.
That three thousand four hundred and fifty shares had been subscribed
for conditionally, or, by parties who were not solvent, or whose
subscriptions could not be collected.
That of the conditional subscriptions, the greater part had been or
would be complied with; of these nine hundred and thirty-nine were
subscribed by the towns not included in the published lists.
Upon two thousand four hundred and thirty shares of the unconditional
subscriptions, including those of Gilmore and Carpenter, twenty per
cent. only had been paid.
That upon six thousand five hundred and nine shares, subscribed for
unconditionally, twenty per cent. or more had been paid in cash.
At this date it appears that the whole number of shares subscribed for
conditionally and unconditionally, was ten thousand eight hundred and
sixty-five.
At this meeting of the board the clerk was directed to place upon the
record the names of all the stockholders, with the number of shares held
by each, on which twenty per cent. or more had been paid. The record
shows the number of shares to be six thousand six hundred and
forty-eight, and the amount paid on the same two hundred and sixty-seven
thousand five hundred and sixty-nine dollars. Against the name of H.
Haupt & Co. was set the number of five thousand shares. At this meeting
the directors also voted to fix the capital stock at one million five
hundred thousand dollars.
1858, September 3. The last vote was reconsidered, and it was voted that
the capital stock be fixed at [Note: amount missing] as represented by
the list of stock reported at the previous meeting.
Public-domain text, read in full here on John Shaqi.
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