Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1848-07-21
TERMS: % SO i'm advance
WHOLE NO. 2Ol.
RAIL ROAD CONVENTION AT OAR
TJNGTON g T.

: At stated annual meeting of the Stock
holders of the Wilmington and Manchester
Rail Road Company, held at Darlington Court
House, South Carolina, on Thursday, 22d
+ June, 1913.
/ The meeting was called TO order by ]. E.
Gregg, Esq, one of the Directors. On motion
of J. A. Dargan, Esq, Committee was ap-
pointed to nominate officers, which Commit
fee, through their Chairman, Gen'l McRae.
reported that they had nominated as Chairman,
William Haynesworth, Esq, as Secretary, N
imously confirmed. The meeting being called
TO order, on motion of Gen'l McRae, it was
Resolved, That Committee of three be APP
pointed TO ascertain the amount of stock rep
resented, and to verify proxies.
The following gentlemen were appointed ::
w. w. Harlee, J. A. Dargan, and G. w.
1 Cooper, who reported that 734 shares were
, represented in person, and 1880 shares by
proxy, making in all 2464 shares.
letter from the President, E. B. Dudley.
who was absent from indisposition, was re-
ceived and read to the meeting
Gen McRae being called on, addressed the
meeting, giving an able and lucid exposition
of the state and prospects of the Road and
stating, that agreeably to resolution of the
Wilmington and Roanoke Company he was
prepared 10 subscribe 100000 additional to
the Road.
J. Z. Gregg, Esq. one OF the Board of Di-
rectors, addressed the meeting. Mr.. Gregg
: stated that the increase of subscription since
S the last annual meeting was about $4,000,
of which, about $4,000 was unconditional,
the balance was subscribed condnionally. The
whole amount subscribed conditionally was
b S481 600
Mr.. Maultsby, one of the Directors, made
report connected with the Road
Mr.. R. B. Muldrow, Director, addressed
the meeting.
r Gen'l Harlee read letters from Gen'l Duff
: Green, of Washington, and from Maj. Gwynn,
:. making offers for the construction of the Road
at the estimates of the Engineers, and offering
u to take considerable amount of the cost in
i stock. Gen. H addressed the meeting al length,
r in an able and spirited manner. calling on the
:, Stockholders TO consider the importance of
;, the enterprise to their interests and to bestir
themselves in such manner as would guar
d anty success. Gen'l H. concluded by offering
: the following resolution, which was adopted
. Resolved, That Committee of two from
each County in North Carolina, and each Dis
J trict in South Carolina, interested in the en-
II terprze, be appointed to report matter for the
:, action of this meeting, and to take into con-
sideraton such subjects as shall be referred &c
them for the future action of the Company.
/ The following gentlemen were appointed to
: act as said Committee: Gent McRae, Josiah
n Maultsby, w. w. Harlee, Edw'd Cantwell
Augustus Smith, S. T. Gibson, DR.. J. p. Tim
e norman, J. A. Dargan, ]. S. Bartlett, and G
l. w. Cooper.
n The meeting was addressed on this resolu,
" ton by DR.. Zimmerman, Messrs. c. w. Mil.
! Ter, and Simmons.
" On motion of Genl McRae,
l. Resolred, That on all payments for sub
/, scriptions to the stock of this Company, inter
o. est shall be allowed from the date of suct
: payment until the Road is finished when thu
y amount of interest so paid shall be charged Il
+ the general account OF construction. And al
e so, that interest be allowed from the date they
" receive credit for their estimates to such con
! tractors as agree to take part or the whole Of
their contract in stock.
e On motion of Mr.. Cantwell, the following
e Resolution submitted by him was referred tC
:, the same Committee.
) RESOLVED, That it be understood in all cleo
tons for officers of this Company, that no sal
airy is to be paid until the Road is commen
1t ced but compensation shall be allowed fol
n actual services only in the meantime, proper
n tionably TO the amounts fixed per annum, fol
such officers respectively, together with such
I" incidental expenses as they may incur for the
u Company.
r On motion of J. A Dargan, Esq, the fol
) lowing resolution was referred 10 the same
Committee
. Resoiued, That the resolution adopted a
J. the last meeting of Stockholders, requiring
IS the Board of Directors, when they shall deem
" it advisable TO commence the Road, to put the
same under contract at each end of the line
= be so far modified as to require the Director:
III when the work IS commenced. to place thu
tie whole Road under contract
r On motion of C. D. Evans, Esq, it was
Res0IUcd That committee of three be ap
y pointed by the Chair to examine and repor
D. upon all matters of account.
l. The following gentlemen were appointed
N C. D. Evans, Z. Cantwell and D. b. MLau
:, rim.
q Mr. Dargan submitted the following resolu
t. ton:
: Resolred, That a Committee of one, eacl
r from the town of Wilmington and county O
Columbus, and one from each of the District
:. of Marion, Sumter and Darlington, be appoint
OF ed by the Chair, to nominate President an
E. Directors of the Company, to serve for the en-
lr suing year.
Committee, Gen. McRae, Alfred Smith, c
u. Evans, T. "a I>dN D. L. w iiEClSPOOH
Il On motion OF Mr.. Witherspoon, it was
" Resolved, That this meeting ad oIrn unit
or O'clock this afternoon.
: June 22d, 1913, o'clock p. d.
= Convention met and resumed business.
y On motion of j. A. Dargan, Esq,
5, Resolred, That the Committee heretofor
appointed to draft Bye Laws, be allowed unit
the next annual meeting TO report.
2 The Committee on accounts submitted thei
IN report, which was received as information.
5, The Committee on accounts submitted tn
S following resolution, which was adopted.
Or Resolved, That the Directory be instructe
le to ascertain the amount of debts due by tn
IN Company, and 10 make provision for It's pay
re ment by assessment, out Of the first instalmer
IS due on subscriptions.
De Gen'l Harllee, Chairman of the Commltte
st appointed TO report matter for the action OF tn
II meeting made the following -
5, REPORT:
in The Committee, consisting Of two from eac
te County in North Carolina, and each Dstric
j. in South Carolina, interested in the road, VIII
n. were directed by Resolution TO report maj
lie ter fer the action of this meeting, and to tax
r. into consideration such subjects as shall
ID referred to them for the further action of th
in Company-and to whom were also referred ;
Id resolution modifying the manner in which TIT
i work on the road be let out-a resolution II
of respect to the time when the salaries OF TN