Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1847-07-02
$4,000
On motion of W. A. Wright, ESQ,

On motion of w. A. Wright Esq,
Rcsohcd, That the report Of the Secretary be
received.
On motion Of Hon. A. D. Sims,
RcsOlUed, That the Stockholders present do re-
port themselves TO the Secretaries of this body,
aad that the Chairman call on those from the
Town Of Wilmington and County of Columbus,
in N. e., and the Districts of Marion, Darlington
aud Sumter in 3. g., so to report themselves.
Whereupon the Stockholders present recor-
dad their names
On motion of G. ]. McRee, Esq.
RcsOkred, That the Subscribers for Stock in this
Company shall not be called on for payment in
larger sums than per cent on the amount sub
seribed nor at shorter intervals than three months
the second instament to be called for ih three
months after the commencement of the work.
On motion of Gen. Harlee,
RcsOlUcd, That in all contracts for labor or ma
Terias to be used in the construction Of the road,
preference SHALL he given TO the Stockholders.
On motion of Gen. McRae,
ReSOIrcd, That when it sllallsbe deemed advis-
able by the Board of Directors to put this road
under contract, that it shall be commenced at both
ends, and hatthe expenditures at each end shall DO
in proportion to the amount subscribed in each
State.
During the day, several animated and inte-
resting discussions arose, which were partici-
pated in by Gov. Dudley, Messrs. McRae, Mutt,
Fulton and Wright, of North Carolina; and
Messrs Sims, Harlee, J. A. Dargan, and 9TH
erS, of South Carolina, the general tenor of
whose remarks evidence that the zeal of the
people of their respective sections was Unaba-
ted. and the determination to build the road,
at all events, stronger than ever.
The meeting then adjourned until o'clock,
A. NJ, tomorrow. -
THURSDAY, 9 o'cIock,:A.M.
The meeting was called to order by the
Chairman, and the proceedings of yesterday
read and approved.-r 49,.
On motion of J. Eli, Gregg, Esq.
ResoEued, That = committee of seven be ap-
pointed by the Chair to report hat officers should
he CREATED by the Company, aud the salary to be all
o. owed each.
The Chairman appointed Mcssrs. j. Eli
Gregg, Alexander McRae, f. a. Law, J. f.
Witkerspoon, Henry Mutt. A. S. Scarborough
and }. MaultSby, to compose that committee,
who recommended the establishment of the
following officers with the salaries respectively
attached.
President with a salary of 50 500 per an
NUN.
A General Agent, do. do. do. 500 per an
Secretary and Treasurer, the duties of
both TO be discharged by the same person,
with salary of 81 500 per annum.
4 Chief Engineer, with salary of 50 500
per annmm.
A Principal Asst Engineer, with salary
OF 81 500 per annum
The Committee further recommend that the
time from which the services and salaries OF
these officers shall commence, shall be fixed
BY the President and Directors. The report
was unanimously adopted.
On motion of Hon. A. D. Sims,
RcSOlUed, That until the completion Of the road
or until otherwise ordered, the necessary travelling
expenses Of the Directors attending any meeting
oG the directory on business of the Company, shall
be paid by the Company.
The Committee appointed 10 nominate a
President and Directors of the Wilmington
and Manchester Rail Road Company, recon-
mended the election of the following officers
For PresIdem-Gov E. B. Dudley, of Will
mingtOn, North Carolina.
For Directors-Henry Mutt, D. Fulton and
John McRae, of Wilmington, N GU. Maults-
by, of Columbus, N c.; -: Eli Gregg and A. S
Scarborough, OF Marion, S. c.; G w. Dargar
and J. S. Gibson, of Darlington, S. c.; J. J
Moore and r. B. Muldrow, of Sumter, S. c.
The report of the Committee was un;,ni
InOuSiS duOplcU, duu dUOFS ndlNcu Rcullc
men declared duly elected.
On motion of w. A. Wright, ESQ,
oResOlrcd, That Committee of three be ap
pointed to draft Bye-Laws for the Company, ant
that they make report to The next general meet
ing Of the Stockholders.
Under this resolution, Messrs. w. A
Wright, H. L. Holmes, and Alex. McRae
o were appointed.
On motion OF A. J, DeRosset. Jr, Esq.
Resolved, That the next annual meeting Of thi
Company be held at Darlington e. H., on tn
first Thursdayafler The Sd Monday in juno, lS4s
On motion of +. D. Evans ESQ,
ReSOtUed. That the proceedings of this meeting
be published in the Charleston, Wilmington ant
Sumter papers, and that 800 copies he printed il
pamphlet form for distribution among the Stock
holders.
On motion of J. E. Witherspoon, Esq,
Res0iUed, That it hc recommended 10 the Boar
Of Directors to appoint agents to open hooks an
solicit subscriptions for stock, in the districts @
Williamsburg and Horny, s. c., aud for the coun
ties of Brunswick and Robson, N. c., and in tn
city of Charleston.
On motion OF Gen. Harlee,
Resolved, That the amount subscribed and PAL
for the preliminary survey of the shall be re
eoiVed in part payment of their stock, by the pei
anna who may have respectively contributed to tn
survey.
On motion of Hon. A. D. Sims,
ResoEued, That the thanks of this meeting h
and tho same are hereby returned to the Ch.irma
and Secretaries. for the courteous and efficien
m"nner in which they have respectively performe
thciI duties.
Adjourned sine die.
WIN. HAYNsWORTH, Chairman.
w. II. WIxGArE, S..-.,.,;.
r. B. BOELsrOx, secretaries