Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1858-11-03
Raleigh and Gaston Railroad.

meeting in this City Thursday last. Unusual |
interest vas manifested in the affairs of the Company,
and a large number of stockholders from the Cities
of Petersburg and Norfolk and from the Counties of
Warren, Granville Franklin and Wake were in at |
tendance -r .E.-.
On motion of Judge Ruffin, of Alamance, the Hon. |
Weldon N. Edwards, of Warren. called to the
Chair, and Maj. W. w. Vass, of Wake, and Col. L.
G. Edwards, of Granville, were appointed Secre
taries.
Judge RuAin appeared in the meeting the States
representative
In the early part of the day discussion took
place upon that portion of the Presidents Report
relating the prices of freights in which Messrs A.
W. Vcnable G. W. Mordecai, j. Davis, and others
took part Mr.. Mordecai, who is one of the Direc-
tors, replied to Mr.. venable explaining the rules by
which the Board has been governed in this respect,
and the practical operation of the tariff of feights
No action was taken on this subject by the stock
holders, but the whole matter was left the Board
of Directors to be examined and attended to as they
may deem best.
The following resolutions, introduced by Mr. R.
Fl. Kingsbury, of Granville were on motion of Mr..
Rives of Petersburg, indefinitely postponed, by
vote of 1888 to 27O:
lIeSOCCeG, 1nai the purchase OIL supplies or mate
rails for the Raleigh & CASTOR Railroad, either d.
rectly or indirectly from any member of the Board
of Directors, officer or agent of said company, is
wrong, and so far the action Of the stockholders
of said company at this meeting can control the
same, is strictly forbidden
Raleigh & CASTOR Railroad company, shall become
an undertaken, make any contract for his own
benefit for work labor to be performed for or on
account of said Road, or be in any manner concern
ed or interested in making such contract, or in the
profits thereof either privately openly, sngly
Jointly with another.
Resolred, That no person or persons shall be al
lowed to ride free over the Raleigh CASTOR Rail-
road except the Directors of said Road unless he
they shall be on the business of said Road That
Communication tickets shall be issued to any person
or persons, nor any discrimination made in regard
| to persons travelling over said Road and that all
Ticket Agents and Captains Of trains shall attend to
the strict enforcement of this resolution.
Resolred, That it shall be the duty of the Treas
urer of the Raleigh & CASTOR Railroad, to furnish
printed list to each stockhoder of said company,
thirty DAYS prior to any election of Directors which
list shall exhibit the number of shares held by each
individual. firm corporation interested in said com
pany. The amounts paid to the several officers and
directors for services rendered. and all other salaries
and expenses, to be specifically set forth. The
printing of said list to be charged to the Company.
| Resolred, That it shall be the duty of the Com
mtee of Finance of the Raleigh and Gaston Rail-
road, to examine not merely the books Of said Com
| pany, but all the vouchers for all disbursements
| made for the same. This may involve more labor
than simple comparison Of foot,ngs, but i. is the
only way in which examination can be Of any
| value
| The meeting then proceeded to the election of
| four Directors. On the first ballot George w. Nor
decai and Charles L. Hinton, Esquires of Wake.
were elected; on the second ballot there no
choice; on the third ballot DR.. E. A. Crudup, of
Franklin, was elected and on the fourth ballot COL
S. S. Royster, of Granville, was elected.
The old Board consisted of Nessrs. G. W. Morde-
cal, Charles l.. Hinton and W. j. Hawkins, the lat
ter the President of the Road Thomas Miller, Esq,
the other member died some months since, and the
vacancy thus occasioned had not been filed
The Directors the part Of the State for the past
year were Messrs. G. H. Wilder, of Wake, and A.
c. Perry and John G. King, of Franklin.
After the election of Directors, Mr. Rives of Pet
ersburg offered resolution directing the President
of the Company to apply to the Legislature to SO
amend the charter of the Company as to authorize
the stockholders to elect the President After some
remarks by Mr. Rives, Mr.. A. w. Venabe, Mr..
Mordecai, and Judge Rufin, the resolution re-
jected.
On motion, a Committee appointed to inform
the Governor that the stockholders had elected their
Directors and awaited the announcement by the
Board of Internal Improvements Of the States Di.
rectors. The Committee reported that the Governor
would announce the States Directors this (Friday)
morning.
Whereupon on motion, at about seven o'clock, P
NJ, the meeting adjourned sine die.
The Reports Of the President and of the Com
mittee of Finance represent the Road to be in good
condition and more prosperous than at any former
period. We will lay these documents before GU,
readers in our next