North Carolina standard. [volume] (Raleigh, N.C.) 1850-1852, 1851-09-17
lCorresPon lence of the Standard
Raleigh and CASTOR Rail r.
Ill ROM
WARRKNrnN Sent

WARRENToN, Sept IA. Is.I
Mr.. HOLDEN: You will doubtless be no Ies ooI.
full organization of the Raleigh and Castor success
Company, fraught as honestly believe "i.I hOad
most suspicious results to the State and =, IN The
gion of country through which it passes. 'ne re.
The meeting of the stockholders and friends.e,
Road was organized yesterday by the aIao,:l The
the venerable William Boylan, ESQ. AZ GI;lOn Of
and Messrs. Drake and Moore, of Warren. ~" SSman,
tarles. committee was appointed, of whit eee-
Saunders was chairman to report the amount ~ uen
subscribed, who after retiring returned and oek
that they wanted ninety-one thousand tue tePOIled
dollars of the amount necessary TO be raisd uGGed
report threw damper all present c. his
ders made, however, Of his most .S dun-
speeches, and then, after some remarks hv M eG.Ve
decai and the Chairman. also very much TO tba Or'
pose, the meeting adjourned, to give time n W pnl-
feTent County subscribers and friends 10 e ar
crease their subscriptions. This was d. ano In
Granville, Warren, and Wake increased ccna; when
their subscriptions particularly the two
ties. On to-day Norfolk came TO our aid ,;i Ooun-
scriPtion of thirty thousand dollars. with tn sub
OF twenty thousand more and this with promise
ton OF twenty-nine thousand by Mr.. Dnn,u UscIIp-
tersburg, as agent of an Iron COMPANY. anG re-
scription OF nine thousand seven hundred doa,sIo-
MT. H u. Bird, the worthy President of the pos
burg Rail Road Company, completed Thu ,"e refers.
amount of 100000, and then the ComnanU required
ed Immediately to organize. PiOceed-
A committee, of which Mr.. Mordeca v., l.,
t'' "oS oPPo"'eu 70 report bye-Iaws for the ron
latlon and government of the Company. which g
report and an unsuccessful ATTEMPT tn ano5 ol'et
were on motion of your Correspondent adon,aJ men,
most important features are those giving = n. me
salary to the President of $780, who is to be elecs%
from the Board of Directors. The salary IF CIV T
gineer not to exceed $4,000. who NAV also hs
ed to act as agent of the Company: and The iqqc
the Treasurer and Secretary at 81 900 ~'"'S VI
Messrs. w. w. Vass, John S. Eaton and =,
King, having been recognized agreeabiv n La Onh
Directors nm fho rtoe.
Hon. Weldon N. Edwards as the renraeen,,; ana
the stock of the Stale, the stockholders "
the election of four Directors on their behalf NJ.
Il. r. Guion and N. J. Palmer were appointed o.
Palmer. from the committee, reported the eIo"s;. WI:
II. u. Bird, Esq, of Petersburg, George w M,
decai, Esq, OF Raleigh, and Thomas Miller Fac ~
granville and at subsequent balIoting Mai. N ~
Green, OF Warren duly elected. " i
On motion of T. P. Devereux ESQ. sooond,1,
Mr. Mordecai and others, a vote of tbankO ,ran ~
dered to Zen. X. M. Sau nders for his able nnt;un
and disnterested efforts in securing the success g.
the subscriptions to the stock of the DAD accomns
MED oy the cheers Of the meeting. Indeed, all felt
that the Road owed its renewed existence tn him.
and indulge the hope that the first engine buil, fo
the Road will .cslve his name, and also that the De-
pot where the Road will connect with the Seaboam
and Roanoke Rail Road, will also be named afer
MIN. would that North Carolina had many more
such cizens she would then take that stand in the
Union to which her resources and character an wall
entitle her. WI
Much credit is also due to the Board of Internal
Improvement, of which the Governor is President in
the results of the meeting by appoiO;n
a State proxy and Directors, thus enabling the Com
pany to effect an immediate organization.
After vote of thanks to the Chairman and Secre.
taries and direction for the proceedings to be pub
lished the meeting adjourned to hold its first annual
meeting at Henderson, on the second Wednesday in
January next. Yours Truly, NIP
P. S. Alta melting of the Board of Directors held
tonight, Maj w. w. Vass, the late worthy and eG
cien President of the Road, was unanimously elect.
ed Treasurer and then the Board adjourned 10 NEE,
in Raleigh on Thursday next, when they will doubt,
less elect President and Engineer. N. ]. P.