Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1856-04-30

CAPE FEAR AND DEEP RIVER NAVIGATION Con-
PANY.-The stockholders of this Company held a
meeting at Haywood on the 18th of April-Hugh
Waddell, Esq, presiding, and Messrs.- H. A. Lon
don, D. E. McNair, and Jno. Manning Jr., Secreta-
lies. Seth B. Jones, Esq, appeared as the repre-
sentative of the State.
The following resolution, offered by N. Q. Wad-
dell,' was adopted by majority of twenty-one-the
State voting in the negative
"esolved That the Directors Of this Company have de-
ayed this work unnecessarily by refusing to accept bids
for the work Deep River from who were respon
sibe and offered to take the work and the chance of
getting their pay out of any funds remaining after the
Cape Fear should be finished and, finally when the work
on Deep River was let out they let out only portion OF
it, greatly to the detrment of those residing and owning
lands above the points, to which the work now only to
On motion of John H. Haughton. Esq, it was re-
solved that the President and Directors put to con-
tract all the remaining work on Deep River, or SO
much thereof as the means of the Company will
justify, having due regard to the completion of the
Cape Fear; and that the Board be authorized to en-
ploy the slaves of the Company, or sell them and
apply the funds thereof in their discretion they
may deem best for the speedy consummation of the
object herein expressed and that the Deep River
work be done on the most economical plan, having
due regard to good navigation.
The following preamble and resolution, offered by
Col. John McRae were adopted:
"WHEREAs it essential feature in the operations
of Corporation Upany, that there be head
possessing suitable qualities shall be responsible
for the successful prosecution and of its op
undertaken by this Company the suitable qualifications
CURED skill and experience such believe be
possessed by Mr. E. A. Douglass the gentleman chose by
Company Therefore
ReSoiged, That while hold him responsible for the
of his plans adopted by Directory would be
nanfesty unjust that they should be changed that he
and his agents should be tcrfered WITH the execution
of them without his consent"
On motion of Mr.. Haughton, Col. Alexander
Murchison unanimously reelected President of
the Company; and on motion of r. E. Rives, Esq,
the old Drectors-Messrs. John ii. Haughton, A.
S. McNeill, and James Cassdey--were reelected.
The following preamble and resolution, offered by
DR.. S. McClanahan, were unanimously adopted
"WHEREAs, There is pending before the Military
Committee of the House of Representatives of the United
States resolution of enquiry To the prOprey and
pcdiency of establishing Deep River National Foundry
and Armory and whereas such work would only add
greatly the value of the Coal region and to that of the
Agricultural interests of the surrounding country by urn-
ishng large home market for all surplus produce but
that of the State of North Carolina at large BE it there
fore
Resolred That committee of six pers,ns be appointed
by the President of this Convention who shall meoriaze
Congress this subject and visit Norfolk and Charleston
If deemed proper which points there Navy ards
tereStcd in this subject and their aid and that of
their Representatives h Congress in obtaining for the State
OF North Carolina the benefit OF the foundry and armory
Haywood was selected as the place. and the third
Thursday in April next, the time for holding the
next annual meeting