Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1855-07-28
$61,9s4 60
Total receipts.
Net profits of the Road,

| Net profits of the Road, $40, 306 53
Besides the above the Road did large amount
of business for the Company, which is not taken in
to the account. From the beginning that this Road
has made as was remarked by the Chairman of the
Finance Committee, we have grounds to hope the
time is far distant when the stock of this Com
pany will be six per cent. paying stock.
After organization, the appointment of Commit
tee on proxies, &C., the Company adjourned to l ]
o'clock, P. NJ. In the afternoon various matters of
interest to the Company were discussed, when the
meeting adjourned to meet again on Friday morning
! at o'clock
The Company met on Friday morning, o'clock,
according to adjournment and proceeded to the
election of four Directors, which resulted follows
viz
Charles F. Fisher, $3.50 votes
Francis Fries, 1895 &c.
r. NJ. Saunders 4424 &"
Alexander McRae, 4,S44 I"
There appeared to be 1929 shares of individual
stock represented in the meeting. R. p Dick, Esq,
held the States proxy, but did not use it.
On motion of Mr. D. F. Caldwell, the following
resolution was adopted: ~.
ResoLued, That in Justice to the Stockholders the
Directors be and they are hereby instructed to
duce the salaries of all officers of the Company to
the lowest figure, that will enable them to retain
secure the services of efficient and competent men
especially in the Engineering Department.
At the called meeting last March, resolution was
offered and Laid the table, enquring into the ex-
pediency of disseminating Sunday service on this
Road motion was made to take up this resolu-
ton, but the motion lost.
During the meeting on Thursday, Gov. Morehead
rendered his resignation President of the Road;
and also stated that he did not desire be elected
Director. Greensboro Pat.
To the Stockholders of the N. C. Railroad Co.
GENTLEMEN Since the last annual meeting in
Hillsborough the Legislature came forward in no.
BILE spirit OF patriotism and liberaty, and author
lied subscription of an additional million of dol
lars to the Stock of this Company and by the Act
authorizing the subscriptions, made several amend
ments to the Charter, which were accepted at your
meeting held for that purpose in Greensborough in
'March last.
Since that meeting the subscription has been
made and the Bonds of the State offered ol sale to
for the benefit of the Company. These have been
found nexcellent substitute for the cash. as they
bear interest until the exigcncies of the Company
require them to be disposed Of
BY the amended charter, the relation between tbc
stockholders and the State becomes altogether
changed. Heretofore the State has not been repre-
scented in the general meetings of the Stockholders
although she held twothirds of the capital stock
Now the States representative will have right to
be present and vote in all general meetings, all
questions except the election of Directors
The superstructure of the Road has gradually pro-
crossed and it has been completed from station
to station, it has been brought into use. train
commenced running daily between Goldsborough
and Stallings' Station in October last and it has
been extended the track finished, until by the
18th inst, it will reach Haw River daily distance
of 1t5 miles. At this point there will probably be
some weeks delay, from failure the part of the
contractor to complete the bridge in time. From |
that point westward to Greensborough, no other |