Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1852-11-19
stoelkholders, Meeting.


The annual meeting of the Stockholders in the
Wilmington & Raleigh Railroad Co., took place at the
Court House Thursday, Nov. 18th, 1852 Col. John
D. Jones was called to the chair, and M. London
Esq, and DR.. T. M Mercer, appointed secretaries.
On motion, the secretaries appointed q COM
mittee to verify proxies 1t appeared, upon exami
nation, that about ten thousand shares ofstock
represented-about seven thousand by proxy, and
the balance in person Miles Costin, Esq. held the
proxy of the State. Gen. Harllee represented the
Manchester Railroad Company.
The reports of the various officers of the Road
were read and unanimously concurred in. They
exhibit the affairs of the Company in fourishing
condition. with every indication of prosperity in the
future. On motion of Gen. Harllee all matters con-
nected with the declaration of future dividends and
the creation of sinking fund for the payment of
the debt of the Company, referred to the Presi
dent and Directors. On motion of DR.. F. ]. Hill,
the chairman appointed Messrs Robt G. Rankin:
NJ. Ferrall. and Henry Baker, auditing committee
for the ensuing year.
General Alexander MRae was unanimously
elected to the office of President and the following
gentlemen chosen Directors on behalf of the indvid
ual stockholders:
f.. B. Dudley, E P. Hall, A. ]. DeRosset, Jr,, ?.
K. Dickinson, G. Potter, ]. D. Bellamy. And the
following appointed the part of the State: L. H.
B. Whitaker, VIM. K. Lane, VIM. C. Bettencourt,
and VIM. A. Wright, The appointment of State
Directors is made by the Board of Internal Improve
ments. of which the Governor is President ccio.
resolution was adopted, voting $1,000 to Genl
M'Rae, President of the Road, in acknowledgment
of the sense of his faithful and efficient services
II - L. A 4hor Of Con
M'Rae, this resolution was rescinded when on mo-
ton of Rice B. Pierce Esq, amended by Isaac Nor
throp, Esq, the following adopted:
Resolved, That the salary of the President of the
Company for the ensuing year be $4,000.
The following resolution was also adopted:
RcsoIued That this meeting not only concur in
the policy and action pursued by the President and
Directors for the last year but consider them enti-
tied to the thanks of the Stockholders, for their Off
ciaI services in managing the Company's affairs.
VIM. A. Wright, o. G. Parsley and M London
Exqrs, were appointed committee to prepare the
proceedings of the meeting for publication. The
thanks of the meeting rendered to the Chair
man and Secretaries, and it then adjourned.
Upon the whole the occasion a very pleasant
one. There were cheerful faces throughout the
room, and spirit of harmony and good feeling pre-
vailed, which certainly not marred by the an
uouncement of the Treasurer, that gentlemen from
the country could have their dividends paid that at
ternoon, at the Office of the Company.
On Friday morning at 10 O'clock the Stockhold-
ers and others had an excursion over the Manches-
ter Road as far as Waccamaw Lake and back. They
returned about five or six in the evening. 1t was,
no doubt, delightful trip and one we should have
liked to take but Editors have holidays and we
submit with groan.
We look forward to the speedy completion of the
Manchester work. and the attainment of par market
rate for it stock, as well that of the old Road.
At night, Major MFarland, of Cheraw, made ar
address in the Court House, on behalf the CheraN
and Darlington Road.
R6s~ The wearing and tearing, rushing and fuss
ing of the political campaign is at last over and W
must confess that feel more than little lazy an
indisposed to ndite long editorials, bore read
ers with serious lueubrations for short time, at least
AMI if the truth must be told, quite as much from
feeling Of regard to our comfort as theirs. Tn
action of our State Legislature, however-the move
ments for various public improvements in North Ca
rolina, we'll the progress and operation of thos
already constructed under way: with hundre
other topics of public and practical interest will
ford abundant and useful employment for the pen
the Journalist and we shall avail ourselves Of the
literally and to the extent of our abilities
A letter from Hon R. NJ. Saunders to gentlema
of this place in regard to his (Gen. Saunder's) re
cent course in the Legislature with reference to tn
section, has been placed in our hands and appears
to-day's paper. We are unwilling 10 do injustic
to any one and care little or nothing for any anima
version which that gentleman may have chosen
make upon the course of our paper. Our positic
is too we'll understood here to be misrepresented
affected The speech ofGen. Saunders, and also Il
able reply of our representative, MIR. Strange, wi
be laid before our readers, either at length or a
stract made of them at an early period.
Already it would seem that Gen. Pierce is bore
by the applications of ofhcous ofice-holders and v
are happy TO notice that he knows how to rebul
them, as will be perceived by the following from IL
Philadelphia Ledger
A JUST REBUKE.-General Pierce has already bee
assaulted by politicians in quest of the spoiis wi
cannot wait till his Inauguration to make know
their great merits and special claims to his conside
alton for Office under his administration One of IL
leaders from this quarter visited hin few days
and was about to lay before him budget of owe
whelming testimony in favor of particular frien
who is candidate for executive favor, when he WI
told by the President elect that he was very glad
see him, but that he had made up his mind not
speak on political subjects for at least three mont
to come The rebuke was fully appreciated by Il
applicant who returned TO this city entirely satsf
that in politics, at least and among the intelligeI
it is not always " the early bird that catches Il
l. ofSnooS ho MI