Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1851-08-01
Annual Meeting, of the Stockholders OF the Cape
Year aud Deep River NavIghtIom Company.

Annual Meeting of tho Stockholders Of the Cape
Fear aud Deep River Navigation Company.
Pursuant to previous notice. the Annual Meeting
of the Stockholders of the C. F & d. R. Nav. Co.,
took place in Pittsboro, on Thursday the 18th inst,
The Convention was organized by the appointment
of DR.. A J. DeRosset jr: of Wilmington President,
and Messrs. N. A. Steadman, and ]. j. Jackson,
Secretaries.
On notion it was
Resolved, That Committee two be appointed by the
Chair to ascertain whether not there sucleney OF
stock represented legally to constitute Meeting and that
said Committee be instructed to ascertain and report what
amount Of stock was necessary to constitute such
rs also to what amount stockholders owning two SHARES ana
more than shares be represented and further what
number of shares of hundred dollars only was represent
Messrs F. J. Hill and ]. H. Haughton, the Commit
teo "ndT s sed Of e it that
there should be representation of stock to the amount of
1876 votes-aso that the stockholders present entitled
to 1856 shares emitting to vote and further
that there representation of stock in shares of 800
each to the amount of $780, which report concured
On motion, it was
Resored That all persons owning share of stock,
should be entitled to a vote in this meeting
, Able and elaborate reports were then submitted
by DIR. S. McClenahan, President, and Col VIM. B.
Thompson, Chief Engineer of the Company, setting
forth the present condition of the work. its future
prospects, &c. Reports laid on the table for the
present.
= J. j. Jackson, Treasurer of the Company, submit
ted report setting forth the receipts and expendi
lures for the last year. Report laid the table for
the present.
~ A. Stedman, in behalf of the committee appoint
ed the last annual meeting to audit the accounts
of the Treasurer. submitted report which
Cured in
On motion of B. J. Howe, Esq:
Resolved That Committee of five be appointed by the
Chair whom shall be referred the reports the President
Engineer and Treasurer and that said Committee report
this Convention tomorrow morning at 10 o'clock Messrs
B. Howe, Henry Elliot, NJ. O. Waddell, Elias Bryan
and DR. R. X Smith were appointed said Committee =
Whereupon on notion the Convention adjourned until
O'Clock
EVENING SEssIoN.-Convention met according to
adjournment. Messrs. F. J. Hil Henry Elliott and
others addressed the Convention in impressive and
eloquent terms, urging the immediate subscription of
the balance of the stock necessary to be subscribed
by individuals, to make up the capital stock of the
Company. 1t was stated that subscription of
Sl2,5OO would at once render binding conditional
subscription of $780, which would make up the
capital stock of the Company. The views of these
gentlemen were listened to with profound attention
Books of subscription then opened, and S8,-
500 were added to the subscription list.
The Convention then adjourned until Friday
morning. at 10 o'clock.
FRIDAY MORNING, 10 o'clock.-Convention met
according to adjournment.
The proceedings of yesterday were read and APP
proved
B. L. Howe, Esq on behalf of the Committee to
whom referred the reports of the President, En-
gneer and Treasurer, submitted report which was
concurred in and ordered to be spread on the min
utes of the Convention.
DIR. F. j. Hill offered the following resolution,
which was unanimously adopted
Res0srea That in the opinion Of this Convention it
the President should visit and give his personal supervision
to the work at point the river which may
progressing at least once month.
The Convention then went into the election of of
fcers of the next year, which resulted as follows.
viz
President-Dr S. McClenahan.
For Directors-Messrs John H. Haughton, Thos.
Hill, and L. j. Haughton.
DR.. John A. Hanks, the Representative for the
State: appointed Messrs. R. K. Smith, and Isaac
Clegg, Directors an the part of the State.
Henry Mutt, Esq, offered the following resolu-
tions to wit:
ResOred That's Committee of Correspondence appoint
ed to collect statistics and information in relation the
tension of the Cape Fear and Deep River Improvement to
the Yadkn and Catawba Rivers, and report the result
the next general meeting of the Stockholders.
pointed by the Chair.
Said resolutions were unanimously adopted and
under them the Chair appointed the following Com
mittee, to wit: H. Mutt, NJ, O. Waddell, DR.. Nc
Clenahan, w. B. Thompson and j. H. Haughton.
On motion:
Resolved That Committee of three be appointed by the
to superntend the printing of the reports of the Pres
dent and Engineer or such parts of the same they
Jackson, were appointed said Committee
Resolved further, That Committee of five be appointed
by the Chair whose duty shall be prepare system of
BYLAWS for the Company and report the Stockholders
H. Haughton, NJ O. Waddell, F. J. Hill and ]. j. Jackson
appointed said Committee.
On motion:
Resolved That the next Annual Meeting of the Stockho
be held in Haywood the third Thursday of July
1882 and that the President be requested have Steam
boat in readiness after the adjournment of the take
the Stockholders excursion on the river
The thanks of the Convention were, on motion,
rendered to the President for the dignfed and high
ly satisfactory in which he had presided
over the deliberations of the meeting
After which, on motion the Convention adjourned
A. ]. DeRosset Jr., Pres't.
n. A STEDMAN, ]. J. JACKSON Secw
Important Mexico.