Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-02-20

Coal FIELDS RAItRoAD.-We learn from the Oh
server of the 18th inst that meeting of the Stock
holders of the Western Railroad Company was held
in Fayetteville on the evening of the nth inst The
meeting was well attended. Archibald Mclean.
ESQ, presided, with J. M. Rose, Secretary The o.
serUer says:
g. B. Maett, Esq, President of the Company, entered
into detailed statement of its affairs from which learn
that the grading ten miles of the track is almost completed
(wl be done in week two That $677lS So has been
paid in cash. and in town bonds That the cost of
the work DONE grading, engineering &C. and tie purchase
of al estate for depot has been about s825O0 That
there hand applicable to the work. S94 900 in town
bonds and $9 662 81 in good individual subscriptions
yet unpaid That the grading, bridges road crossings
possible rock excavations and all other expenses
fit the read for the ron will COST according to the de-
tailed esm ates, (prepared liberal scae $279l to
which add 1873 for engineering and office expenses and
have sum of 1862 Leaving $3.50 be raised
elusive of the iron and rolling stock 1t is almost uniyer
sal for abroad companies to borrow, mortgage of
their whole property the to purchase these last that
no doubt is entertained the ability supply that want
that way The present object therefore, to obtain
ditiona subscription Of 000 which be made
BILE in cash, in materials, Or in work
Several gentlemen addressed the meeting and the follow
ing preamble and resolutions unanimously adopted
Whereas this Community has all occasions manifested
liberal spirit towards other sections of the State, the
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expect some aid from the State Rail Road-ad due
not only this place. but to the development of the great
mineral wealth which is object to bring forth and
which will render the State rich and powerful But that
has again been refused And taxed heavily fol
works that actually turing us whilst the parties ben
Gifted expense haunting with affected pity
doomed community!
We are now thrown upon resources Let us use
them build the Road to the Coal Fields there
is for despair united energetic effort, and the
work viii be- 6u ata Of
petition with all other works that now hereafter car
6 %h h an TSk can DEFY
We have the authority Of the most eminent Biologists
the country that square mile of the mineral
tains coal and iron which would bring market
equal the whole assessed property of the State and the
mas q untcd wealth
lies but 30 or 40 miles from u.s. can be that
stock the country It's accomplishment by this commun
y will entte us to the highest rank in the scale of enter
TOR M De 6o In t1e
ing object of real affected commseraton Fayetteville
will be entitled to, and will readily receive, the Ilauds Of
all patriotic and agaeou citizens of other sections Of the
State and of the country For she will have accomplished
work which will contribute to the wealth and glory
the State than all her other public works together.
The plan proposed by the President and Directors of the
Company finish the grading of the Road and then
for the purchase of the iron ana reng stock This
adopted successfully by nearly all the railroads in the
country. And think that make such showing
will enable to effect the arrangement upon very nearly
as good terms with State bonds.
We therefore propose that the Company Go AHEAD
R,sotued, That and utU build the road, and tina
stockholders and community will give united
energies to the work
Resolved That the President and Directors be requested
to books for further subscriptions to stock to be pail
in cash, or in work at Engineers estimates
Reoud That the act of the last General Assembly emit
tied g An act to amend the charter of the Western Raj
Road Company, be- and the is hereby accepted as
part Of the charter of this Company.
Under the second resolution committee of the Director
will call upon the citizens with subscription book cor
ditioned that the whole amount of $4,000 be subscribe
by individually corporations counties otherwise the sub
scription to be void
is to be hoped that when called upon the citizens
this town especially will be prepared subscribe whou
consuming the time of the committee arguing the
in cling them to do that without which they and all
will become poor indeed in purse but poorer sti
in character community. The road will be road
prosperity and honor to Fayetteville Let each of her
do what he without the slightest reference wh
. his neighbors may may not do.