Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1854-11-10

red to your Committee, introduced by the gentleman
from Catawba. -.
ton of the resolution referred 10 them introduced by
The gentleman from Onslow. Your COMMITTEE en-
ertained NJ. doubt that the construction OF Inns Inc
of Railroad would tend the development OF the
resources of important section or tbe otate, anu
to the concentration of the trade thereon upon de-
srable points in our own State but some Of your
Committee feared that it might likewise tend TO IN
iurp or diminish the value of the capital OF the State
and individuals already invested IN the ~ carolina
Railroad zoo
A majority of your Committee being OF differ
ent opinion, however, recommend Inc cohseiu Vi
this line OF road
There was then submitted to the consideration of
your Committee by the gentleman from Mecklen,
burg a resolution for the construction OF line OF
Railroad from Wilmington from some point on the
Wilmington & Manchester Railroad through the
town of Charlotte TO the Tennessee line. (See the
fourth resolution below.
Some of your Committee entertained the opinion,
that although this line of road would updoubtly
contribute to the Development of the resources OF an
interesting and important section of the State, and
thus far come within The principle adopted; yet
portion of your committee entertained fears that the
construction of this line of road mgth tend greatly to
diminish the value of the capital OF the 5 ale already
invested in the n c. Rail Road, and likewise divert
considerable portion of the trade from the Western
section of the State, from our own markets, and d.
rect it 10 he seaports in South Carolina and thus
violate the principle adopted by your COMMITTEE, De-
ing of the opinion that it would not have this effect
determined to recommend the construction oil this
line of road also.
Your Committee next proceeded to the considera-
ton of resolution in the following words, introduced
by the gentleman from Mecklenburg
Resolred That this Convention recommend to the Legs
the counties and corporate towns through which,
to which said Railroad pass to subscribe ueh sums as
may be regarded udciou after the OF the votes OF
thereto.
The committee unanimously recommended the a
dopion of this resolution
Your committee cannot fatter themselves that their
abors will meet the entire appreciation OF the Con
vention,-aI they can expect is that they may be
used as a starting point in the business OF the Con-
vention.
The question being upon the adoption OF the reso-
lutions reported by the Committee.
The resolutions were adopted follows unani-
mously viz
Resored That this Conventions being deeply impressed
with the necessity the State of North Caroan establish
ing general principle which should guide them IN amor
ding aid to corporations in the construction of Rail Roads
other works of Internal improvements 90
the Legislature lend its aid by subscribing two-thrds OF
the Capital Stock for the OF such works
shall in their oppnon tend to deveope the resorce
of state and to concentrate the trade thereon upon some
or more points upon our sea board or naga9e
within borders and when ascertalned that nd
vdua counties will subscribe the remaining sum requ
ed for such construction.
Resolved That this Convention recommend to the Leg
atue of North Carolina at its next session. that tWothrd
of the Capital Stock to complete the ATLANTIC aud
North Curoina Rail Road from Godsborough to Beau
fort Harbor kinston Newben, and also the extern
sion of the North Carolina Central Rail Road West from
Salisbury the Tennessee line, be appropriated by the
State onethird of the capital necessary for the
construction of the shall be subscribed by individuals
and counties
ReS0tred That it is expeient to construct trunk
hue of railroad from the NEST eligible point Beaufort
Habor through Onslow via henanvle, Clinton and Fay
etteVe Salisbury and thence West by the most pract
cable Tennessee lnethat said line strictly
great State 0 and that the Legislature be requested to
for the construction of such work
Rcsoued That this Convention recommend to the Legs
of North Carolina the passage of act for the North
Carolina Tennessee Il Ohio Railroad Co.. to from the
town of Wilmington or from some point on the wilmington
Manchester Railroad through the town Of Charlotte to
Tennessee line and that the State subscribe wothrdS
the stock necessary for the completion of this object
soon as onehrd shall be subscribed by private stockholders
ResOred That this Convention recommend to the Legs
ature of North Carolina passage of authorizing
the counties and corporate towns through which,
which, said Rail Road may to subscribe such sums
be regarded ucicOus after the of said counties
and towns may have been taken in relation thereto.
/ On motion of Mr.. Johnson of Mecklenburg,
ReS8rcd That the next Legislature of the State be reques
tep make such further appropriation as may be necessary to
the speedy completion of the North Carolina Railroad
On motion of Mr.. McRae of Cumberland,
RcSoped That the President and Vice Presidents
Convention be committee prepare address and submit
the General Assembly the proceedings of this body
On motion Of Mr.. Johnson Of Mecklenburg, the
thanks of this Convention were rendered to the cit
of the town Of Salisbury for their hospitality
during the sitfings of the same.
| On motion of Mr.. McRae of Cumberland,
eotUed That the thanks of this Convention be and they
hereby rendered the President and officers the
venon for dgned and efficient discharge of their duties
as officers OF the Convention.
On motion adj ourned sine die.
DAVID REID, President.