Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1858-10-30
Raleigh and castor. Railroad.

Raleigh and CASTOR Railroad.
The stockholders Of this Road held their annual
meeting IN this City On .Thursday ,ast Unusual
interest vas manifeste in the affairs Of the Company,
and large number Of stockholders from the Cities
Of Petersburg and Norfolk and from The Counties of
Warren. Granville, Franklin and Wake we're in At
tendance. eIsrs, gsss.
On motion Of Judge RufRn, Of. Alamance the Hon.
Weldon N. Edwards, Of Warren, was called to the
Chair, and Maj ". W. vass, Of Wake, and Col. L.
c. Edwards, Of Granville, were appointed Secre-
taries. = - - .@zss
Judge Rufin appeared in the meeting as the States
representative '9>'
In the early part of the day discussion took
place upon that portion of the Presidents Report
relating to the prices of feights in which Messrs A.
W. Venable, G. W. Mordecai j. Davis, and others
took part Mr.. Mordecai, who is one of the Drec.
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 taken on this subject by the stock
holders but the whole matter was left to the Board
of Directors to be examined and attended to as they
may deem best
The following resolutions, introduced by Mr.. R.
Il. Kingsbury, Of Granville, were on motion of Mr..
Rves, of Petersburg indefinitely postponed, by
vote of 1888 to 27o:
Resolced, That the purchase Of supplies or mate
rails for the Raleigh & CASTOR Railroad, either di.
rectly or indirectly, from any member of the Board
of Directors officer or agent of said company, is
wrong and far as the action of she stockholders
of said company at this meeting control the
same, is strictly forbidden.
Resotued, That no Director other officer of the
Raleigh & CASTOR Railroad company, shall become
an undertaken, or make any contract for his own
benefit, for work or labor to be performed for
account of said Road, or be in any manner concern
ed interested in making such contract, or in the
profits thereof either privately openly, singly or
jointly with another. .f..-
Resolred, That no person or persons shall be al.
lowed to ride free the Raleigh & CASTOR Rail-
road except the Directors of said Road, unless he
they shall be the business of said Road. That
Communication tickets shall be issued to any person
or persons, any discrimination made in regard
to persons travelling said Road and that all
Ticket Agents and Captains Of trains shall attend to
the strict enforcement of this resolution.
Resolced That it shall be the duty of the Treas
urer of the Raleigh & CASTOR Railroad, to furnish a
printed list to each stakeholder 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 are 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
mittee of Finance of the Raleigh and CASTOR 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 footngs, but it is the
only way in which an 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 was no
choice; on the third ballot DR.. E. A. Crudup, of
franklin, elected and on the fourth ballot Col.
S. S. Register, of Granville, was elected.
The old Board consisted of Messrs. 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 filled
The Directors the part Of the State for the past
year were Messrs. G. H. Wilder, of Wake, and A.
G. 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. Venable, Mr..
Nordecai, and Judge Ruffn, the resolution was re.
jected.
| On motion, Committee was 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 (riday)
morning.
Whereupon on motion, at about seven o'clock, p
NJ, the meeting adjourned sine de-
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 forme,
period. We will lay these documents before ou'
| readers in our next.
| HQN. j. CLANCY JoNEs.-Ths tried friend of the
Constitutional rights of the South, who was recent