The North-Carolinian., 1849-06-30


can see the whole scope Of action, and dra
their own conclusion as to what will be the r.
suit.
FRIDAY MORNING.
During the intermission of Convention
occasioned by the session Of the Genera
Committee, the delegates were called t.
order by Mr. Rounsaville of Davidson, Dr
Payne Of Lexington, in the Char MI
Rounsaville being called for, addressed
the meeting until the hour for the reassem-
bling Of the Convention. ;. ,:o
Convention met according to aoJourn-
ment, the President in the CHAIR !,
John A. Ellington OF Davle' responded
to a call made on him in very happy and
effective manner.
the various Resolutions of yesterday, sub
mitted through their Chairman, the follow
ing Report, TO wit:
Resolved, That this Convention hearth
" commends the spirit in regard to works
Of internal improvement, which character
lied our last General Assembly. and that
its members are especially gratitied by the
liberal provisions made by that body for
the constru ction of the 6 North Carolina
Railroad "a work of the utmost impor
tance to the trade and character OF the
State, and of almost vital interest to that
extensive and productive region lying con =
tguous to- or within convenient distance
Of TIE proposed road.
Resolved further, That in the opinion of
this Convention, while there are some de-
fects in the charter enacted for the con-
struction of this great work, it is sufficient,
upon fair, Just, and reason;.b bic interpre-
to = -
OF the State, the benefits resulting from it..
Resolved further, That subscription
Of one million Of dollars being required
before the company can be organized for
the construction Of this Railroad, it is the
duty of all patriotic citizens to use their
best exertions to raise that amount Of sub
scription and the members Of this body
DO agree to urge this subject upon their
respective constituencies, nei2hbOrhoOds
and counties.
Resolved further, That an Executive
Committee OF three persons be appointed
by this Convention to whom all lnforma-
tion respecting the progress Of the sub
sclptions may be communicated, and who
shall suggest, if need be, from time to time
by advertisement in the newspapers or
otherwise, such action ON the part of the
friends OF this enterprise, as may tend to
its early accomplishment.
Resolved further. That the President of
this Convention appoint a county commit
tee In each county Immediately interested
in the construction of the . North Carroll
na Ra,road -: ;, cpnsistlag ot1 1t'ts1s-a a tpem,
sub bcOmmlttees in the various sections of
their respective counties, to procure sub
scriptions to the capital stock in said Rail
Road, and to take all other measures
which they may deem necessary to the
promotion Of this enterprise.
Resolved further, That the commission
ers appointed to receive subscriptions be.
and they are hereby respectfully solicited
to open book of subscription for the stock
Of this Railroad in the shortest time from
this date, after due advertisement at the
several places designated in the charte,
tor the space of thirty days; and at the
expiration OF that time they be in like man
ner requested to report the several sub
scriptions made as we'll to the chairman OF
the executive committee aforesaid, as ia
John NJ. Morehead, Esq, of Greensboro
for the information of the General Com.
missioners named in the charter. of whom
he is one, and that he be requested as soon
as one million Of dollars shall be ascertain
ed to have been subscribed, to make know
the fact to each one OF the General Com
missioners, and to designate time ant
place for their meeting to receive the off
cial reports of the sub ub-commissioners a.
directed in said charter.
Resolved further, That in the event O
the stock not being taken under the frs
advertisement, the executive committee
if deemed expedient, be requested to EN-
ploy suitable agent to travel, call meet
ings, address the people, solicit and re
ceive subscriptions in and out Of the State
Resolved further, That committee O
two persons be now appointed by the Pres
ldent to enquire and report to this conven
ton whether there be any, and if any
what number of individuals can he assoc;
ated to subscribe the residue of the stock
required to form the company, provided
there should be deficiency in the amour
returned on the books of the commission
ers afore said.
Resolved further, That it is the onin;o,
OF this convention, that the payment Of fiv,
hundred thousand dollars required to b.
made according to the seth section will
be as we'll complied with by the executio,
OF contracts for work and materials to tha
amount as by the avmcnt of money.
hescl1ed further, Thar it is desirable
% procure as large number of stockhol
ders as possible in said Railroad comnanv
no matter how small may be their severa
SUBSCRIPTIONS, if equal to single share.
0 rlnyn