Spirit of the age. [volume] (Raleigh, N.C.) 1849-1865, 1851-07-18
Nens ut the Daq. -
STOCKHOLDERS MEETINGS.

|, STOCKHOLDERS MEETlNGS' {
The Greensboro Patriot contains a glow {
ing account of the meeting of the Stockhol
ders of the North Carolina Railroad Com
pany, in that. place. on the 10Th. and 11th
inst. Hon. Colyin Graves, of Caswell, pre-
sided over the meeting. Upon examination, J
1919 shares of stock were found to be rep
resented4,811 in person and 3,448 by
proxy-upwards of one hundred stockholders
being in personal attendance Gov. More
head, President of the Company, submitted
a detailed Report. recapitulating the success
sive steps of progress in the work, and re-
ferring to tabular statements showing the ex-
~penditure already made. the detailed esti-
mates of the work, estimates ofthe amount
of work that can be done entirely with North
Carolina material, a list Of the engineers,
&c. It appears that there has been 50 far
expended the sum Of a little over s28, 0e0I
only, for salaries, surveys, and every thing
else on the route leaving a balance of
over S21 ,00e of money in the treasury un-
expended
The following Resolution, after an ANNA
ted and able debate, was unanimously adop-,
ted
I Resolved, That no person who is now or
taay be hereafter a contractor, directly, Sc
i cretly or openly, in his individual right or
as a compartner in any company Of ~contrae-
tors under this corporation, can, without Vi
I~olation of law, act as q director in the North
. Carolina Railroad Company /; and if any di-
rector thus interested shall be elected, that
he be required to qualify himselfto act le-
/ gally as such.
The following Directors were elected for
e the ensuing year:
VI William c. Means, of Cabarrus John
w. Ellis. and ID. A. Davis, of Rowan T;
L Francis Fries, of Foysythe John w. Thorn
7 as, of Davidson 4; John NJ. Morehead, and
John A. Glimer, of Guilford Cad Jones.
sen, Of Orange ; Edwin NJ. Holt, Of Ala
nance ; R. N. Saunders. of Wake ; A. T.
Re jenkins, of Craven Frederick j. Hill, of
a Brunswick.
ID The meeting, on motion, now took d recess
until 3 o'clock this, afternoon, in order to
&c attend at the ceremony Of
BREAKING GROUND,
Oncoming down street (says the Patriot, }
/. from the place of meeting, a crowd Of Peo-
pie appeared, ready for the celebration, such
to as we may safely say was never seen before
G, in our town for numbers. It was one uRiUer-
I'D sal jam all oat of doors.
az The procession was formed on West street;
Is tho Clergy in front; then the Stockholders
~ then the orders of Odd Fellows and Free
Masons, who turned out in great numbers
ad and in full regalia +; closing with the citi
'st zens generally. This immense line meEed
!, down South street to a point on the Railroad
oy survey nearly opposite the Caldwell Inst
y tute building, where a space Of hundret
4; feet each way was enclosed by a line an,
he reserved for the ceremony of the day. TIL
north side of this space was occupied by tn
as ladies, whose smiles are always ready 70
ess the encouragement of every good word an
'm work. The other three sides were soon oC
Z eupied by the male portion Of the assem-
II blage, from ten to twenty deep all around
You may imagine, then, the difficulty vhic
in the rear rank encountered in getting
glimpse of the proceedings within.
ms, Having the misfortune to be among th
outsiders, our situation was Of course unfs
vourable for hearing, and seeing was impo;
sible. But we did hear nearly every wor
nd of Gov Morehead's clear sonoFons voice a
ne he introduced the Hon. Calvin Graves t
the vast assemblage. He did this in term
eloquent and singularly appropriate to th
occasion. After alluding to the ~necessit
SO long felt by our people for an outlet {
.Ss the commercial world-to the inception q
no the great scheme the commencement c
ing which we had met to-day to Celebrate
the vicissitudes of the charter before tn
g, two houses of the General Assembly and th
in fact that it at last hung upon the decision
on the Speaker Of the Senate, and that il
ac- fate was decided in the affirmative by tn
has unfaltering dye of that Speaker, Calvi
g55 Graves,-he said that no other citizen {
North Carolina could so appropriately pc
Not form the ceremony of removing the fir
earth m the commencement of this work, o
al which the hopes of the State ~sozTitally d
I'D pend, as she man who pronounced that d
see cisive Aye
h Isl It was impossible for us to catch the 70
connection of Mr.. Graves's speech. Son
tne sentences we heard, glowing with that pa
riotic feeling which has so long ~distinguis
ed him as one ofthe first and best sons
old North Carolina. We could only judi
generally of its effect by the waving Of pa
G., asols and handkerchiefs among the ladie
and the frequent and hearty applause th
Dom arose from the inner ranks of the citizen
or At the conclusion of Mr.. Grayes's spee'
the he broke ground on the Railroad, by di
! ! Of . ging up and depositing in a box prepar,
the for that purpose, a few spadefuls of earth.
was Notice was given that diuner was read
Z an and a general invitation extended to all
II ~ partake of the barbecue prepared for the c
%casion.
was The Annual Meeting of StockhoIdc
giant closed on Friday evening The apprehe