North Carolina standard. [volume] (Raleigh, N.C.) 1850-1852, 1851-08-02
ANNUAL MEETING

ANNUAL MEETING
OF the Stockholders Of the Cane Fear ond ,
Naoigation Company. N''U Deep Eo,
Pursuant TO previous notice tho a.
OF the Stockhoiders of the Cape Fear and Meeting
Navigation Company, took place in Pi,,aL eep Rive;
Thursday the 18th inst. The Conven,ioOD On
lied by the appointment of Dr. A n NV Was organ
of Wilmington, President and Messrs DNGNUssetr j..
man and j. J. Jackson, Secretaries " H. STEAD
On motion, it was
Resolued, That a Committee of two
by the Chair, to ascertain whether or nv, aPPonkd
a suficiency of stock represented leqai mere Was
tnte Meeting, and that said COMMITTEE ~ 70 cOnst
ed to ascertain and report hat amonnt ~ INSTINCT
necessary to constitute such suficienc, STOCK Wa
what amount stockholders OWNING two as as aEOb
more than two shares may be Represented a n and
Their, what number of shares of one L,I and u.
only was represented. Messrs F. ! H Hill doIan
Haughton. the Committee under said ra.aG aug H.
ported, that TO constitute an Annual MeeIn"O e
Stockholders, it was necessary that there E Oi the
representation of stock to the amount of Isd be
ALSO, that the stockholders present votes
1876 votes; two shares emitting to one vote
Their, that there representation of stool anG u
of 800 each, to the amount of $64OO which ouda
was concurred in. " report
On motion, il was
Resofged, That all persons owning one sb,..
stock, should be entitled to vote in this me
Able and elaborate reports were then sn hLeeuhg
DR.. S. McClenahan, President and CoI WeO Sy
Thompson, Chief Engineer of the Comnanr WIN
forth the present condition of the work IT, ' e's
prospects, &c. Reports laid on the table f u Tue
! present. ~s
]. ]. Jackson, Treasurer of the Comnanv 49,,
ed report, setting forth the receipts and eynond;
for the last year. Report laid the table fo W.
present. Tue
N. A. Stedman, in behalfof the committee ,rn,:.,
ed at the last annual meeting, to audit the arronn
of the Treasurer, submitted report which was oa
Cured in. VVF
! On motion of B. l. Howe, ESQ:
ResOlred, That Committee of five be snnoiD,
by the Chair TO whom shall be referred the roOoS
of the President, Engineer, and Treasurer and s
said Committee report to this Convention toO,: u'
morning at 10 o'clock. Messrs. B. l. Howe Ro'
ry Elliott, M. Q. Waddell, Elias Bryan and i, ,'i'
K. Smith Mere appointed said Committee: Wbe,s
upon, on motion, the Convention adjourned unII >
| o'clock.
! EVENING SESSION.
| Convention met according to adjournment Mo
F. J. Hill, Henry Elliott and others addressed %a
Convention in impressive and eloquent terms un
ing the immediate subscr pton of the ba lance Of tho
stock necessary to be subscribed by individuals +,
make up the capital stock of the Company twas
stated that subscri pon Of $I2 500 would at oDco
render binding conditional subscription of 81 I'm
which would make up the capital stock of the Com
Pany. The views of these gentlemen Were listened
to with profound attention.
Books of subscription were then opened, and 49,,
500 were added TO the subscription list.
The Convention then adjourned until Frday morn.
ing at 10 o'clock.
FRIDAY MORNING, 10 O'CLOCK.
Convention met according 10 adjournment
The proceedings of yesterday were read and ap.
proved.
B. /. Howe, Esq, on behalf of the Committee
TO whom was referred the reports Of the President
Engineer and Treasurer. submitted a report which
concurred in and ordered to be spread on the min
utes of the Convention.
DR.. F ]. Hill offered the following resolution.
which was unanimously adopted:
ResolUed, That in the opinion OF this Convention,
it is necessary and essential to the interest of the
Company that the President should visit and give
his personal supervision TO the work at every point
the river, at which it may be progressing, least
once month";
The Convention then went into the election OF oil.
fcers for the next year, which resulted as follows
viz:
Prestdent-Dr. S. McCenahan.
For Directors-Messrs. John H. Haughton, Thos
Hill, and l.. ]. Haughton.
DIR. John A. Hanks, the Representative for the
State appointed Messrs. r. K. Smith and Isaac Cegg
Directors the part of the State.
Henry Mutt, Esq, offered the following resolutions
to wit:
Resolped, That Committee of Correspondence be
appointed to collect statistics and information in re-
lation to the extension of the Cape Fear and Deep
River Improvement TO the Yadkin and Catawba Riv-
ers and report the result TO the next general meeting
of the Stockholders.
Resolred, That said Committee consist of i've to
be appointed by the Chair.
Said resolutions were unanimously adopted and IN
der them the Chair appointed the following Commit
tee, to wit: H. Mutt, M. Q. WaddeIl, DR.. McCle'
nehan, w. B. Thompson, and ]. H. Haughton.
On motion:
Resol,ed, That Committee of three be appointed
BY the Chair to superntend the printing of the re-
ports of the President and Engineer, such parts Of
The same they may deem proper. n. A. Sled-
nan, NJ. Q. Waddell and ]. ]. Jackson were appoint
ID said Committee.
pointed by the Chair, whose duty shall be 10 pre-
,are system of Bylaws for the Company and re-
'ort to the Stockholders at their annual meeting
Messrs. John A. Hanks, John Fl. Haughton, NJ T.
Vaddell, F. ]. Hill, and J. ]. Jackson appoint
ID said Committee.
On motion:
Resolved, That the next Annual Meeting of the
stockholders be held in Haywood on the third Thurs
ay of July, 1852, and that the President be request
ID to have Steamboat in readiness, after the adjourn
nent of the same, to take the Stockholders an ex
ursion on the river.
The thanks of the Convention were, notion
endered to the President for the dignifed and high
satisfactory manner in which he had presided over
ne deliberations of the meeting.
After which, on motion the Convention adj ourned.
A. J. DEROSSET, Jr., PresL
J. j. j. A: 1s SnaRa.'' Sse'y'.