The southerner., 1852-11-20
Stockholders Meeting.

Stockholders Meeting.
The annual meeting of the Stock
holders in the Wilmington & Raleigh
Rail Road Co., took place at the Court
House yesterday, Nov. 18th, 1852.
Col. John d. Jones was called to the
chair, and NJ. London, Esq, and DR.. T.
NJ. Mercer, appointed secretaries.
On motion, the secretaries were ap-
pointed a committee to verify proxies
1t appeared, upon examination, that
about ten thousand shares Of stock were
represcnted-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 unanimousl
concurrcd in. They exhibit the affairs
of the Company in fourishing condi-
ton, with every indication of prospcri-
ty in the future On motion Of Gen.
| Harllee, all matters connected with the
declaration Of future dividends, and the
creation of q sinking fund for the pay
mcnt of the debt of the Company, were
referred to the President and Directors.
On motion of T. J. Hill, the chair
man appointed Messrs. Rob't G. Ran
kin, NJ. Fcrrall, and Henry Baker, aud
iting committee FOR the ensuing year.
General Alexander NJ Rae was unan.
imously reelected to the Office of Presi-
dent, and the following gentlemen cho-
sen Directors on behalf Of the individu.
al stockholders:
Z. B. Dudley, f. P. Hall, A. J. De
Rosset, Jr., p. K. Dickinson, G. Potter
J. D. Bellamy. And the following ap
pointed on the part of the State: l.. Ii
B. Whitaker, VIM. K. Lane, VIM. G.
Bettencourt, and VIM. A. Wright. The
appointment of State Directors, is made
by the Board Of internal Improvements
of which the Governor is President e.
e6icio.
A resolution was adopted, voting
81 ,GG0 to Gen'l M'Rae, President o
the Road, in acknowledgment of th'
sense of his faithful and efficient servi
ces entertained by the Company. A
the request of Gen. NJ M'Rac, this resolu
ton was rescinded; when, on motion o
: Rice B. Pierce, Esq, amended by Isaac
Northrop, Esq, the following was adopt
!, ed:
, Reso1yed, That the salary of th'
President of the Company for the ensu
, ing year be $4,000.
The following resolution was ais
Z adopted:
: Resolced, That this meeting not or
: ly concur in the policy and action pu,
s sued by the President and Director
: for the last year, but consider them er
titled to t'he thanks of the Stakeholder
;. for their official services in managin
: the Company's affairs.
Nm. A. Wright, .. u. Parsley an
NJ. London, Esqrs., were appointed
G committee to prepare the proceeding
of the meeting for publication. II
thanks of the meeting were rendered !
Is the Chairman and Secretaries, and
e then adjourned.
., Upon the whole the occasion was
IL very pleasant one. There were cheerf
Il faces throughout the room, and a spil
rs of harmony and good feeling prevaile
K which certainly was not marred by tt
g announcement of the Treasurer, tn
I'd gentlemen from the country could ha'
c. their dividends paid that afternoon,
of the Office Of the Company.
is This morning at 10 o'clock, Il
OF Stockholders and others are to have ;
Sc excursion over the Manchester Road
he far as Waccamaw Lake and back. Th'
n will probably return about five or 81
le It will, no doubt, be a delightful trI
y. and one we should like to take, but Il
$, itors have no holidays, and we subn
d. with a groan. e ..a
re We look forward to the speedy COZ