_Resolved_--That the Directors of the Lexington and Ohio Rail Road
Company be requested to take measures to put a proportion of the road
under contract, not exceeding eight miles at Louisville and seven at
Lexington, provided the same can be done at a cost not exceeding by 10
per cent the estimate made by Mr. Kneass, Engineer.
_Resolved_--That the Directors be authorized to call from the
Stockholders a sum not exceeding $150,000 pro rata. for the completion
of the 15 miles of Road named in the foregoing resolution, in such
proportion and at such times as the exigencies of the Company may
require, and that they are not authorized to extend their expenditures
beyond the said $150,000 until after the Stockholders shall have been
legally convened and a report laid before them of the progress made in
the work."
"The meeting then adjourned, but before the Company dispersed a
number of persons came forward and entered their names for stock.
The Stockholders dined together with the Louisville delegation at
Postlethwaite's Inn. We congratulate the friends of this noble
enterprise on the results of the meeting. We especially congratulate
the citizens of Lexington on the bright prospects ahead--the '_Winter_
of their discontent being made glorious summer'--by the proceedings
of this glorious day."
The Trustees of the town of Lexington later took $25,000 worth of stock.
* * * * *
At last the great day arrived for the laying of the first rail stone,
and the Lexington Observer of October 28th, 1831, gives a brilliant
description of this most momentous occurrence. Gives it with a vividness
which brings the picture so clearly before the reader that in spite of
himself he joins the merry throng and takes his place in the spectacular
parade which marks a new epoch in the history of Lexington. The Observer
says: