Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1851-11-21
Rail Read Meeting.

Rail Road Meeting.
We copy from the Herald of last Saturday, what
appears to be the official account of the proceedings
of the Stockholders meeting of the Wilmington and
Raleigh Railroad Company. Everything OF import
ance has already been published in this paper.
From the Wilmington Herald of last Saturday.
Meeting the Stockholders of the Wilmington and
Raleigh Railroad Company.
THURSDAY. Nov. Is, 1851.
The Stockholders of the Wilmington and Raleigh
Railroad Company, in conformity with the previous
resolution of this Company, having this day assem-
bled,
On motion of Gen. Alex MeRae Rice B. Pierce.
Esq, of the county of Halifax, appointed Chair
man, and w. A. Wright and M. London, were ap-
pointed Secretaries.
On motion of L. Fl. B. Whitaker, Esq,
The Secretaries were appointed committee to
examine Proxies, and ascertain the number of shares
of this company represented at this meeting.
The Secretaries as committee to ascertain the
amount of stock represented at this meeting report
ed that 1927 shares were represented, OF which
5797 represented by the holders in person, and
5,130 by proxy.
Whereupon, it appearing that more than maio-
ry of the shares Of the capital stock was represent
ed. the Chairman declared the meeting as duly Or
ganized for the transaction Of business.
Gen w. w. Harlee, the President of the Will
min ton and Manchester Railroad Company appear
ing as the representative of the stock of the Com
pany held by said Wilmington and Manchester Rail-
road Company.
On motion of A. ]. DeRosset, Jr, it was
RESOLVED. That this meeting recognize w w Harlee, the
President of the Wilmington and Manchester Railroad Com
the proper representative of the shares of the capital
chester Railroad Company.
On motion of c. c. Battle, Esq, the following res
olution submitted:
RESOLVED, That the States proxy only entitled to
hundred thousand dollars worth of the capital stock
of the Company.
After an extended discussion this resolution was
laid on the table
On motion of Dr. S. P Suggs of Edgecombe, the
following Preamble and resolution was adopted
WHEREAS The State of North Carolina has heretofore
owned roS of the Capital Stock of this company, and
by virtue of her interest in the has exercised the right
appoint toffs of the Directors of this company, and
the right cast cohs of the given at the general
meetings Stockholders this Company And where
the State has parted with onehid of the Stock hereto
fore held by her this Company and the Act of the Gener
al Assembly authorizing the transfer of this stock silent as
to the of the State appoint Directors and to vote at
the general meetings Stockholders of this Company
whereas the yet claims the right appoint
h the Directors of this Company and the representa-
tive of the State claims the right give toohs of the
whole number of given at this meeting, against which
claims this meeting protests 1t is therefore
Resolred That the General Assembly be requested to
remedy the evils existing by limiting power appoint
ment of Directors the of the State and the votes OF
the OF the STATE at the era the
State in this Company.
The annual Report of the President and Directors
of the Company, with the accompanying documents
was then submitted to the meeting.
On motion of Dr. S. p. Suggs,
Resored That this meeting unanimously approve of the
action of the President and Directors of this Company, de-
caring dividend profits of three payable to the
Stockholders.
The report of the committee appointed at last
meeting to audit the accounts of the Treasurer, was
submitted by Col John McRae, Chairman, and on
motion of Dr. F. j. Hill, it resolved that said re-
port be received
On motion of Dr. F. J. Hill. the meeting pro-
ceeded to the election of President and six Directors
of this Company when Gen. Alex. McRae was de-
duly elected he having received 6.486 votes, being
the entire vote cast by the individual stockholders
and John Campbell, Esq, having received 1921 voes
cast by the representative of the State.
The following persons were elected Directors on
the part of the individual Stockholders Edward B
Dudley. Edward p. Hail. Platt K. Dickinson. Gilbert
Potter, A J. DeRosset. Jr., and VIM. A. Wright
The meeting then adjourned to meet at O'Clock
tomorrow morning.