Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1853-02-04
S. D. WALLACE, SCom
w M BALDWIN

s. D; r W E1f5WI3; {commttss
On motion of Gen. w. w. Harllee, a committee
of seven was appointed by the chair to examine the
report of the President and Directors of the Com
pany and the report of the Resident Engineer, and
submit their deliberations to this meeting.
Whereupon the Chairman appointed as said com
mittee the following gentlemen, viz, S. D. Wallace
Miles Costin: J. NJ. Timmons, DR.. R. lIarllee, A.
Mayes John Dawson, and Gen A. McRae.
On motion of Gen Alex. McRae the meeting ad-
iourned. to meet again at the Court House this
evening, at o'clock.
7o'cLocK P. NJ.
The meeting assembled agreeabIy to adjournment.
The minutes of the proceedings of the morning
session were called for read and approved.
The committee of seven to whom were referred the
Reports of the President and Directors, and Resident
Engineer, submitted through Gen. McRae. their
chairman, the following report of their delibera-
tions:
The Committee to whom was referred the Reports of the
President and Engineer respectfully submit that they have
had the under consideration and beg leave to report
Your committee are unanimous in the opinion that the at
that its finances in healthy condition, and that the
for the future most encouraging to the Stock
An important in the of the Company
sna the & the e
mortgage bonds and other loans has distracted
entirely dividends the subscribed the Road
With respect to the set down by the eating
Se .a e n 1:F s n a5 %SSh Of
Company and is properly set down in the report Of
in bonds at four years. under the act of Congress extending
time for the payment of duties on and payable
that amount of debt is not properly set down
for which the of the Company should be retained
should be added to the assets of the Conn any
the completion of the Road which is the thing be
deducted from debts to which such assets are applicable so
'rgcton and equipment sl11tl Of the Road, -
ne andth he n
those points of the greatest Importance and their early
shquld Pc subject OF nae engfosng
portions of the Road In order that the to effect these
t1ects may De raised we tuy concur IN the
to the of 5000 O00 previously authorized by the
Stockholders at their meeting in APRIL 1851.
to the amendment of the Charter of the w
M K. Road your committee would recommend that the
Directory be instructed forthwith to make proposals to the
South Carolina Rail Road Company to rebuild the Bridge
and Treste work the Wateree River and Swamp and
arrangements cannot be made with said Com
route under the act amending the Charter of the
w. NJ r. Road and proceed as early as practicable to
On the subject of Branch Road, recommended by the
Engineer to Fayetteville with the proposed
that place North Carolina Coal fields your com
mittee would remark that they consider we'll worthy
the nitiatory steps be taken forthwith the
pishment of object desirable The resolution hereto
appended will more fully the views of the commit
We would therefore respectfully offer the following
lutions for the consideration of the Company:
LIST. Resolved That the Directors be instructed
to have the works Eagles Island and the Great Pet
Dee River constructed with all the dispatch possible in
compatible with the interests of the Company.
I'd Resolved That it be recommended to the Directory t.
appoint committee of their body confer with the Pes
dent and Directors of the South Carolina Rail Road Copa
ny, to endeavor to effect amicab in
to crossing the Wateree River and satsfactoy
ment be said Company then that they
proceed to locate the most favorable route to the Columbia
3D. Rsolr.d That the President and Directors be instruc
ted to advertise remaining 5000 900 of bonds
authorized to be issued at the meeting of stockholders
April 1851 if the in their Judgment be deemed ad
4th Resolved That committee twenty-six be appon
ted by the Chairman for the ofcolecng statistics
ject of Branch of the Wilmington and Manchester Raj
Road, to connect with their proposed Road the Goa
point the w NJ Roadto Fayetteville and repor
at the next annual meeting of Stockholders.
ALEX. MAcRAE, Chairman.
On motion of Col. John McRae, the report wa
: received, and the resolutions taken up sepera
teIy. After full, free and interesting discussion
in which Gen Haree, Col. j. Mclae, Gen. A. Nc
Rae, DIR. A. J. DeRosset Jr, and others participated
the resolutions were passed unanimously
Jas Banks, Esqr., of Fayetteville, invite
to seat in the meeting
On motion of ]. M. Timmons, Esqr., of Darlingto
f District S. C.,
Resotved, That of seven one each from tn
districts of Sumter Darlington and Marion and one eac
from the counties of Columbus and Brunswick, and tw
Of Nominating officers for the Wilmington Mancheste
4. R: Company, for the ensuing year.
Whereupon the chairman appoint the followin
gentlemen to constitute said committee, viz: DIR.
A. Mayes, for Sumter District; John M. Timmons
Esq, for Darlington District; Dr. R. HarlIee. fo
Marion District Augustus Smith, Esq, for Column
bus county Jas R. Grist, Esq, for Brunswick coun
ty; 0. G. Parsley. Esq and Gen. Alex. McRae, fo
the town of Wilmington.
On motion the meeting adjourned till 10 o'cloc
A. M tomorrow.
THURSDAY Jan 9th. 1858.
The meeting assembled at 10 O'Clock A. NJ. TIL
reading Of the minutes Of the proceedings of yester