Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1856-05-30

Annual Meeting of the New River tSr the Journal
| meeting of the New River Navnos .gOtlon c.
ny was held in the Court House in I51aoh Gonna
low county, on the 23d of MAY, 1855 n,''le 0ns.
OF the stock being legally Representa- "A majority
was organized by Owen Higgins beins , a0n meeting
ing appointed Secretaries. = Murl BE-,
The President of the Board of D;,o..
mted his first annual report to the StoctSn, sob.
follows: N'00AnoIders a,
The first annual Report of the President amt y.
t4e e,o R.Der Mav,gston CogamytO the
dent and Directors herewith submit their report @ Pe
ana expenditures OF the Comp any, and general
The Company was organized the 23d of MavIos.
regret that cannot report the work farther and
short time after the formation of the COMPANY
for determining plan for improving the nayioat Survey
river between Sneads Ferry and the Atlantic 0 Of the
agreed upon by the Board but time was co Was
securing the services OF suitable engineer umed
On the 10th of October, the President was d,..,
the Board to conclude an agreement with Mr. Sy th.
Albert, Civil Engineer to conduct the survey r. Ihalsr
carried on through winter of unpreceden me Survey
and Mr.. Abert's report including a plan of severity
laid before the Board of Directors early in
A steam Dredge, for opening the channel was -;
of construction in the town of Jacksonville process
contractor Mr. j. c. Osgood under bonds TO and the
The contractor failed, however, have the hoot
use at that time he collection of materials for t for
up in the harbor of New York The macbin.y was frozen
ayed in Wilmington N. c., for the want of vss also de-
the boiler could be shipped to Jacksonville winch
By the direction of the Board, a contract was o,
with Capt Weaver (blder of the boat for tSa into
of the necessary tenders scows CONSISTING Of
viz dumping scow two shoveing cows and OO
boat. ' Gnu 0Ae wood
Mr. Albert hes been employed as Chief Engineer F.,
in January, under the direction of the Board Early
twelve aborers were hired by the year The fn and
directed to proceed with the hands in cuttine wa
steam Dredge. NA0-"Ood fol
On the 2lst Of April the Dredge Boat was examined
received by the President and Directors On the and
upon consultation with the Chief Engineer the DT
authorized and directed the President to enter into
gagement with Capt. William Weaver, according ia al en-
it stipulated pay said Weaver Is cents peF
for material dredged from the bed of the river tak M
such places and deposited in such other places as ba
Engineer might direct. Said Weaver to take the S ne
and a6orers at their hire Dredge Boat tenders Or v'
wood &c. at cost, IN part payment of work done 'V'S
The unweldy form of the boats, together with head
oceasoned some delay in reaching the of Operations
1t became necessary for Capt Weaver to proceed 10 l.
home, in Troy, N. before entering upon his duti m
contractor of the work New River and there has ~
some delay, principally on that account. -1
Five thousand dollars of the individual and ten houO
dollars of the State subscription have been paid nt NV
hands of the Treasurer of the Company. VT
minute statement of the receipts and disbursements l.
the Company, is in the annexed report of the Treasnre
All of which is respectfully submitted.
May 23d, 1856. L. w. HUMPHREY, President