Ist. Then, the post of Director, seems to
be a desirable one. This is evident from
the fact, that a majority, substantially, of
i the present Board, have served for several
; years past. Were the position an onerous
: and unprofitable one, we would have heard
i of some of those gentlemen declining to
1 serve the Co., in this capacity. They
( keep their own time, and vote their own
pav, and if, under cover of doing the busi
ness of the Co., any of them have spent a
considerable share of their time in diver
sion, or m running about the country trans
acting private business mainly, they will
■at least stand self-reproached. At any
( rate, they are so well, pleased with their
office, that they take pains to continue
: themselves therein.
This brings us to the 2d point, i. e. to
1 inquire into the present manner of nomin
ating succeeding Boards. This is done, I
understand, in the Directors’ room,by mu
tual arrangement among the acting Direc
tors, with no one to molest, or raise an ob
( jection. So the ticket is prepared and
‘ printed, and the Stockholders, on assem
i bling at the Annual Election, find no
j other ticket prepared, with no concert of
i action among themselves, and thus the
! nomination is always equivalent to an
j election. To strengthen themselves still
(further. The Annual Report is then dis
= tributyd, wherein the Chief Engineer com
■ pliments the Board of Directors’ compli
ments the Chief Engineer,and so the wheel
revolves, year after year.
