Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1849-12-21
THE WILMINGTON JOURNAL.
wILNTNGTON, n. O., MONDAY. DEC. IL. 1s4s.



To the Citixens Of North Carolina.
The undersigned having been appointed by the Con-
vention held IN Greensboro or the Goth ultmo, to
address the People of the State end Of urging most
earnestly, your cooperation in order to secure the
Charter granted by the last General Assembly to the
g North Carolina Rail Road Company'-we shall, as
we think. most usefully discharge this duty by sim
ply explaining the action the present condition OF
things and what is positively necessary IN order TO
organize the Company and carry out the views and
recommendations of the Convention for the accom-
plishnent of this great State improvement
The Act granting the Charter, requlresa subscrlp-
ton on the part of individuals of One Million of Dol
lars and the payment of the first nstalment OF i've
dollars per share, when the Company shall be regar
ded as formed, and the Stockholders authorized
to proceed to the election of Board of IL Directors
who are to elect President and have the general
management of the affairs of the Company. When
ever the President shall it to be certified
der the seal of the said Company that million of
dollars have been subscribed, and at least FIVE hun
dred thousand dollars Of stock actually paid n then
there is to be subscribed in behalf Of the State two
million of dollars to the capital stock of said Compa
n.y. At the recent meeting of the Convention, it was
ascertained that upwards of two hundred thousand
dollars of the stock had been taken: whereupon In
order to the amount necessary to make up the
million, it resolved by the Convention that
the President and Directors in letting out contracts
for work and materials, shall, in all cases. give a
preference to such Stockholders IS may propose or
desire to become Contractors After the adoption
of this Resolutions it proposed that company OF
one hundred persons should take what ever might
remain unsubscribed of the million of Stock and
thus secure the Charter to certainty. And we are
happy to inform you, that 81 names have already
been subscribed, requiring only 40 more gentlemen
of equal spirit, to put the matter beyond all doubt
Since the adiournment of the Convention, as we
hear, some twenty or thirty thousand dollars have
been taken in Alamance and other places and it now
remains to be seen if the 40 gentlemen with the aid
of the positive subscriptions cannot be found in the
State, to take the balance We atter ourselves the
question has only to be stated to be answered afr-
matively. To effect this obj ect and to give every
possible information the subject, Rail Road Con-
ventions to be held in the respective Counties
through which the Road is expected to pass, which
will be attended by several intelligent gentlemen,
and to which all are invited who may take inter-
est in the matter And this may be considered as
the last great effort for the improvement of the in
ternal condition of the State, confidently appeal
to one and all, who claim to be North Caronians,
and who feel any concern for the elevation of her
character and the promotion of her prosperity, to
come to our aid in the accomplishment of this great
undertaking. We honestly believe those who may
subscribe or who may consent to become one of the
Company of one hundred for taking the unsubscribed
stock possible risk of loss be put to the
least inconvenience, beyond the payment of the five
dollars the share and the lending of their credit
to the concern. We say this, we doubt not that
the Board of Directors WILL in good faith carry out
the resolve of the Convention in giving to the Stock
holders the contracts, of allowing those who may
not desire them to transfer their stock in part at
least, to such may wish to become contractors
This plan has been adopted by other Companies, and
has been found to operate most advantageously. In
conclusion tell you the spirit of improvement by
means of Rail Roads is abroad, amongst sister
States that the utility of the system is not only
tablished by the experience of the prudent and prac
tcable but its necessity is rendered absolutely indis
pensable to all who desire expect to participate in
the advantages of an early and certain market. We
appeal then with great confidence to your interest
well your patriotism to exert yourselves in behalf
of measure which promises much for the State,
by stopping the tide Of emigration now carrying off
zens, and which shall vindicate the wisdom of the
Legislature in its support Of udieous system of
ternal improvements and cause every native son to
feel pride in claiming to be North Carolinian.
., R.. NJ, SAUNDERS, -.
ALEXANDER McRAE, +
JAMES GRISWOLD, H
JOHN Mcleod, ~
VIM. A. GRAHAM,
BENZ. TROLLINGER,
]. nj. MOREHEAD
j. w. THOMAS,
J. B. LORD Is
a-. ....rs+ CD. FOX, ~. ........
RUFUS BARRINGER,
D. L. SWAIN,
1pA