Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1855-04-27
Cane Fear and Daen RIxsr Naxigation.

above company read and approved Friday morning
At meeting of the Stockholders of the Cape Fear
and Deep River Navigation Company, held in the
Town of Wilmington, on the 9th of March, 1855, a
resolution passed requesting that the Board of
Directors would advertise that a general meeting
would be held said Town on the 10Th of April,
1855. This being the day and place appointed, on
motion, DR.. F. J. Hill requested to act Chair
man during the absence of Col. John McRae. the for
mer Chairman, and Henry A. London and Joseph X.
Blossom, appointed Secretaries. I'm motion,
A. H. Vanbokkeen requested to act as Secretary
during the absence of Jos. R. Blossom.
On motion, the Secretaries were appointed com
mitee to ascertain the amount OF Stock present, IN
person and by proxy.
The Secretaries reported large majority of the
whole Stock to be present. Whereupon the meeting
was declared regularly organized.
The report of the committee of three appointed at
the last meeting 10 examine and report what amount
of stock had been subscribed and paid in the amount
and character of the liabilities OF the Company The
books and accounts of the Treasurer from lis oganl-
zation to the present time and what amount would be
required to complete the work was read Dy Inc Char-
man, Robt E. Rives.*
| On motion of Hon. A. Rencher, the report was
received and referred to committee OF five, to be
appointed by the Chair with instructions to report to
this meeting at o'clock, P. M, and also to have
the same printed if they deemed it expedient.
The Chair appointed Hon. A Rencher, U. q. Pars-
lev A. H. VanBokkeIen, John J. Williams, and Col:
Henry Elliott said Committee. Meeting adjourned
to meet at half past three o'clock, (3O.
81 oclock.-Meeting met according to adjourn
ment; F. J. Hill in the Chair.
Edward Kiddcr submitted plan for the relief of
the Company from its pressing liabilities, which was
laid over until the meeting should assemble tonight,
with the request that all those present would endea
vor have many to meet at that hour as possible
| Meeting took recess until 8 o'clock.
o'cock.-Meeting met according TO adjournmen
F ]. Hill in the Chair.
Hon. A. Rencher Chairman of the Committee TO
whom the report OF the Committee of three was
referred, made the following report *
On motion, the report was received and ordered
to be printed, together with the report of the
Committee of three.
The following resolution was offered by 0. G.
Parsley, Esq, and unanimously adopted.
the Treasury of this Company preferred Stock subscribed
after the adjournment of this meeting shall be applied in
G. Evans Elias Bryan Isaac Cegg, Thomas Hill, Spencer
M Canahan and l.. Haughton, surees for said Com
pany we'll the balance due the original debt due the
Commercial Bank of Wilmington uutilhe all dis
charged the balance to be applied to the payment Of any
, other debts due LyIhe Company
/ On motion,
Resolved That this Company will accept the act passed
by the General Assembly OF the State of North Carolina,
Cape Fear and Deep River Navigation Company to issue
Bonds and for other @ and res out hn Do
according the provisions of the said act sgnyng their
acceptance thereof
Which resolution was unanimously adopted Meeting ad
journed until 10 o'clock, A. M, tomorrow.
FRIDAY, April Goth, 1855.
1 Convention met according to adjournment. DR.. F.
]. Hill in the chair
The proceedings read and approved.
On motion of the Hon. A. Rencher the following
resolution read and unanimous y adopted:
ReSored That hereafter in the further prosecution of the
work. the President and Directors instructed to
at the lower part of the Improvement and proceed upwards
give good navigation up the Cape Fear
River the at the disposition OF the Board will
DER who has stock to work out Deep River from pro-
ceedng with his work under the direction of the Board
On motion of B. I. Howe, Esq,
Resovcd That this meeting hereby raty the proceedings
Of the meeting of this Company held in Wilmington on the
sh day of March, far as they not in conflict with
the proceedings of this meeting.
On motion o. Robt. Z. Rves,
Resolud That the President of this Company be nsruc
ted and required Immediately the line of the work
and to the Company the Oe the River
damages and the event of his failing compromise with
any such persons that he be authorized to refer such
arbitration.
e On motion of O. G. Parsley ESQ,
ResOud That the sum of $4,000 subscribed at this meet
ing, preferred Stock, be applied follows to wit:
against the Company and its Suretie j. H IIaughon
Others interest due on the Banks aud all other interest du
ing w Taylor the Executor Peter Evans
$1,000 to the Bank the of State remaining balance
IL be applied to bonds given for negro and wagon hire
End lnsalmentpay $4,000 to the Bank of the State
due aforesaid bonds LIST January 1885, and tn
residue be applied to bonds for hire hire
provisions anu balance remaining to be paid ohe
III bonds due by the Company and said SuJetlGS.
IS, Adopted
Of On motion. the meeting proceeded to The eIectio
of President and Directors.
'e On motion of M. L. Waddell, Col. Alex Murcf
as erSon nominated for President OF this Compan,
- and elected by very large vote, for the he,
,is twelve months.
The names of the following gentlemen were pr
in nomination Directors, viz John H. Haughto
he Col. A. S. McNeiI James Cassidy, L. I. Haughto
B. |. Houze, and Hon. A. Rencher. At the rogue
on of J. Fl. Haughton, the name of l. |. Haushton WI
o,u withdrawn.
." The following declared duly elected Dire
Ter tors on the part of the stockholders for twel
an months. viz James Cassidy Col A S. Mcneil, al
John Fl. Haughton.
On motion,
the Resoved That the day for the meeting be chang
from The Sd Thursday in July to the Sd Thursday in APP
and that the next meeting be held the town of Fayet
ing vile.
nv On motion
% ReSored That the claim of Dr. L. T. Davis for loss
ing negro boy named Archibald, who drowned be refer
her to the President and directors of this Company who
hereby authorized if in their opinion the claim just
urg equitable to settle the the best terms they
the claimant.
On motion of B. l. Houze, Esq,
at ReS0tUd That in the opinion of this meeting it is
dent that not less than four Directors the President
three Directors should constitute quorum for the trans
hat tion of business.
w On motion of O. G. Parsley,
7au Resoued That the President and Directors be
OLE the services of E A Douglas Esq OF Penn
some other competent Engineer for this Company.
A motion made by M. L. Waddell, Esq
heir reconsider the resolution offered by the Hon.
m Rencher, and adopted at the opening of the meet
this morning.
our On motion of the Hon. A. Rencher the motion
most laid upon the table.
leu Meeting adjourned till nine O'Clock tomorrow
Je' These reports have not been handed for pubcat
Road Meeting.
,.an At meeting of the citizens of Moore's Creek