Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1858-04-23


called to the chair, and Henry A. London and Henry
Mutt, were appointed Secretaries
On motion of DIR. A. j. DeROsSet Jr the secretaries
were appointed committee to verify proxies and to as
certain the number of shares represented IN person and
by proxy at this meeting.
After short recess, said committee reported there
were represented by proxy ......... 2,OlO shares
i'll person. ............... bZZ
Total present. -: 1857
That the ma Ority of the shares subscribed
and that quorum was present
| Said report was concurred in and adopted.
The chairman announced that the meeting was rcgu-
Erly organized, and ready to proceed to business.
The stock held by the State of North Carolina was
represented by John Dawson, Mayor of Wilmington
who presented tie commission of the Governor appoint
ing Inn to represent the same
On motion Of John H. IIaughton, it was
Rcsolrcd That committee Of ten persons be appoint
ed by the Chair whose duty it shall be to take into con-
sderaon such steps as arc necessary to perfect the con
tract heretofore made between this Company and W.
II MorrclI & Co., for the completion of our improve
met and to report to this meeting at the earliest
practicable moment.
The Chairman appointed the following gentlemen to
constitute said committee viz:
John Dawson, 4. j. DeRosset, r., .. g. Parsley, Il.
G. Evans L. j. IIaughtOn John H. Haughton, A S.
McNuce &. r. French n. n Nixon and Edward
Kidder.
The annual report of the President and Directors
read by James Casidey the Presidents and the reports
of the Chief Engineer Henry McRae, and the Treas
urer, Henry A. London were read by the Secretary
and laid before the meeting. On motion, said reports
were referred to the committee of ten, under the reSou
ton of John ii. Haughton.
On motion of DR.. A. j. DeRosSct, jr, the meeting
IadiOullCd to 10 o'clock tomorrow morning.
FRIDAY APRIL lG--1O O'CLOCK, A. NJ.
The Convention met pursuant to adjournment The
proceedings Of yesterday read and approved.
John Dawson, on the part of the committee of ten
appointed under the resolution of John Ii. Haughton
made the following report
The committee to whom referred the COnSldera-
ton of the best to be adopted to perfect the
tract heretofore entered into by and between the Cape
Fear and Deep River Navigation Company and Messrs.
w. Ii. Morrel IL Co., have had the same under COnSd-
eraon and beg leave to report the following the only
practicable plan that suggests ITSELF under existing cir
cumstauCes, to wit:
That a list of names be obtained as endor8ers upon
notes to be drawn 10y Mesrs MorreIl Co., payable tC
the Cape Fear 4 Deep River Navigation Company anC
to be endorsed by said Company, amounting in the ag
gregae to $lOO0O-such notes to be negotiable at the
different Banks of the City of Wilmington, the interest
thereon to be paid and the notes renewable every 9C
days, according to the custom of the banks but thu
principal thereof to be paid i'll two years from the
Spectivc dates of each original note
Provided however, that the liability to be incurred by
said endorsers shall not exceed the of $4,000 unit
an indemnity shall be furnished such endorsers by tn
, three Coal Companies who have heretofore signfet
their willingness to do So to net the Governors Creel
Steam TRANSFORMATION and Mining Company, n. {
Gass Coal and Transportation Company, the Farmsvill
Coal Company and such other Companies and indlvlC
uals as shall unite with them, the form and suhCency
such indemnity to be judged of and determined by
L sci to be selected by the endOrsers aforesaid.
! Your committee recommend the adoption OF the 10
+ lowing resolution to wit : That committee Of four
appointed by the CHAIR whose duty it shall be to pro
cure the list of Names as recommended in the foregoin
report Respectfully submitted.
JOHN DAWSON
If On motion of Natb. Clegg,
RcsoiUcd That the report be received and the resOlu
% ton unanimously adopted
:, The Chairman appointed the four following gentl
men, under the resolution, to constitute the committee
C procure list of names, viz James Cassidy, B. Flal
e, ner, n. n. Nixon, and John McRae.
# A j. DGlGOSSet Jr offered the following resolution
which unanimously adopted
RcSoiUcd That the thanks of the stockholders al
al due, and hereby rendered, to the President jaime
Cassidey for the untiring and extraordinary zeal an
energy he has displayed in the service of the compal
- under the embaTassments and difficulties which hay
" constantly attended the operations of the past year.
RcSorcd That the salary of the President be herea
n ter fixed at s. 600 per annum.
" On motion, meeting ad ourncd until O'Clock, 2.
O'CLOCK, P. NJ.
The meeting came to order upon the call of the Chat
N On motion of John IL. Haughton the meeting thu
H. proceeded to ballot for the election of President for Il
ensuing year, and the Chair appointed the Sccretari
III as tellcrs to superintend the same
After the balOting, the telers announced that Jam
III Cassidy was unanimously elected.
in On motion of A. j. DeROsset, Jr, the meeting pr
ceeded to ballot for three Directors for the next year.
nc The same telerS appointed.
The tellers announced that Col. John McRac, a.
le Mcneil, and John Ii. Haughton, were unanimous
ne elected.
H. On motion of o. u. Parsley,
% Reyoircd That the President and Directors of IL
- Company are authorized to make such compromise al
II settlement of the complaint of Nat Clcgg as may
C equitable and just
We ResoIred, That the President and Directors be a
al thOrized to make such disposition of the steam
~ Southerner in their judgment, may be most for
y interest of this Company.
'n On motion,
- ReSoIred That Thos. Hill and Nathaniel Clegg be t
T. auditing committee for the ensuing twelve months
=; On motion,
"' Resolred That the next annual meeting be on the
Thursday in April, 1859, in the town of Wilmington
IS, On motion of John H. Haughton,
tie RESOLVED, That committee of six persons be appo
r, ed by the Chair whose duty it shall be to memorial
Congress on the ject of establishing National For
~ dry on Deep River.
~ The Chair appointed the following viz DR.. A.
as DeRosSct, Jr., 2. X. Dickinson, VIM A. Wright 10
Fl. Haughton, w. S. Ashe and John Dawson.
On motion, the Chairman of this meeting was ado
'A' to the committee.
ed On motion,
tic Resolucd That 800 copies of the proceedings of
he meeting be published for distribution.
- On motion,
ATE Resolved unanimously, That the thanks of this c.
vention are due and hereby rendered to Dr. F. J.
ity for the ability and courtesy with which he has discha
in ed the duties of the Chair.
- The Convention adjourned at P. NJ, sine die.
'nu FRED'K j. HILL, Chm
md ID H HssaT \ Nue. LONDON Secretaries.