The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-03-03

81. This clause l. nothing mnFe Than
.psei.. reprulinn q he general las sP.
plirah.e % all corporations.
O. None hui eilizsns Il lee Y. ssales
are allowed 20 Eole ~ meetings q ne
S,orkholders. The only effect Of Ibis
clause all be. N give The management
"a rilizens af Ihe United STATES; > thing
which would take place without The
amendment
= In case Of an oEer subscription.
nrelerencr j. Ia he given IN the eIlizens
Of lhase States which grant the Charter.
4. Other Ranks are restrained irom
subscribing 10 he Sluek Of his Bank.
Another subject suhmiEled 10 the
Nnrlh Carolina Legislature. was the act
passed nv Ihls STATE, In amend the Char
Ter Of Ihe Rail Road Company. The
object Of this scl was 10 give corporate
existence In the Company in the three
States. nT Tennessee. Nar,h and South
Carolina al.,nr: in rase keniu"Ly should
not rsIinqulsh certain conditions imposed
by her. n Kentnrky shnGld rclrase
these conditions. this amendment niil be
unnecessary. TO this ameRdmen; tie
Legislature &c Nnrih Carolina added an
amendment. whirh was then much more
important III subsequent events have
now made il. n provides. that the Rail
Road shall pass up the Frenrh Broad,
and shall cross the Blue Ridge East "f
the Bun Mountain. into Rutherford
county.
The gentlemen who insisted on this
amendment. were well acquainted Nth
the locality. and affirmed that il would
leave open al the reuirs which would
be found practicable ar desirable. In one
respect. their declarations have been veri-
fed by the adoption nf the French Broad
Route by the Company. But was we'll
aware OF the inexpediency 81 legislallng
upon the route. aud urged that II sh"nld
be left to the Engineers and 10 future
/ examination. Al Oh events. | insisted
, that the Gap Creek rpul oser the Salnd'
Mountain should he leii open. But i
, was stated in reply, iha, great sensation
had been created ~ Nnrth Carolina. By ;
, proposition Ia turn the Road through lh'
:. extreme western poini nf the State; tina
, the Western Counties had ever been III,
!, warm friends ii the Rnad.-lhai ihel
; zealnus support Of the Bank Charle
en,Illed them 10 some consideration, an
A thai unless the Road crossed into Rulher
. ford. they would be entirely exclude
from all participation in i,s benfls-lha
VIVA, they asked would be found consls
enI with the true interests Of the Com
!, pany. and that IN proof Oi their eon6denC
in the Justice ni their views and IN IN
liberalIIy Of the Company. they did M
. 1 insist upon this amendment rs Q cond
ton Of the Bank Charter but merely al
h ded IL as a clause tn an act which d.
company may accept or decline. Tad,
these circumstances, no doubt when III
r. matter is TO be derIded. foil consider rata
. will be given 10 the feelings and inpres
. Of this very interesting section. and
. the jealous and valuable services Of Ii
r. Representatives in promoting this gre,
enterprise
!. Ii Is incumbent On me. however.
g bring 10 your notice. that although III
amendment, IL accepted. will preclut
, the rouies West OF the But Mountain
"a YET the necessity offs acceptance is yer
much relieved BY the passage ri the 49,
Is section OF the Bank Charter. Indeed.
p may be affirmed that IL the great publ
/. interests involved in this matter shou
in render il advisable to take the Gap Cree
,e or Saluds Gap Route. il is yet a, Il
,e option Of the Company to do so. and
" they should find reasons to counlervs
"a the very strong claims above referred 4
/. they can yet yield to them. In 9th,
h words the location Of the Road is "
D. within the power Of the Company. az
al nothing which is yet done prevents the
As yielding just weight To all the varIol
a views which may be offered. and
I'd finally selecting the best route for n
E. Road, a selection (be it where il NAV
Of in which every true friend Of the ptoie
A. will eventually concur.
,e | have the homer TO be, with niue
he respect, your most obedieni serv't
c. G. MEMMINGER.
80