Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1859-09-07
n the Treasury on the LIST July,

The work $453, 1926
Leaving in the Treasury on the LIST July, 90, a.
1859, 9,3a4oo
The survey of the second division, or section, OF
the Road has been completed; and by the amend
ment to the Charter passed by the last Legislature,
land accepted by this meeting of the Stockholders
this division may be extended to the western Porti
of the Swanannoa tunnel.
The track-laying is temporarily suspended AZ tne
Catawba river, awaiting the completion OF the
bridge.
The cross-tes are laid to Hales Store The road,
it is believed will be completed to Newton by the
10th of November to Hac's during the present
year, and to Morganton by the LIST January, 1851.
The nett earnings Of the road for the time 1t has
been in operation amount to Sc, 2S5 O7-suhject to
some reduction by the settlement Of accounts not
yet presented.
The litigation touching the Burke county sub
scription terminated favorably for the Company.
Salary of offcers-President $4,000; Secretary
and Treasurer 5000; Chief Engineer, $4,000;
Directors, mileage.
The rolling stock of the road consists of four To-
comotives and AZ cars of all classes.
The election Cor four directors on the part Of the
private stockholders, was held Friday morning, and
resulted in the choice of the following gentlemen:
Dr. j. C. Mcdowell, of Burke; Jonas Cline, of
Catawba Ohio Gillespie, of Iredell; Anderson FL
lis of Davidson"
The following are the Directors appointed by the
State: r. C. Pearson, of Burke; \. NJ. Powell,
Catawba; ". ". Avery, Burke; William Murphy,
Mcdowell; N. W. Woodfn, Buncombe; ". H.
Thomas, Jackson Geo. F. Davidson, Iredel. and
A. Henderson, Rowan.
The Waterman insinuates that party spirit enter
ed largely into the proceedings of the meeting
Our Know-Nothing friends generally see Democracy
and destruction in every thing that dispeases them,
and in every thing in which they themselves cannot
obtain an advantage. While X. n. candidates for
Congress have been demagoguing about State taxes
and holding the Democratic party responsible for
every thing-and while X. n. members of the last
Legislature voted against the revenue bill, thereby,
to the extent of their strength, repudiatng the
debt of the State and disgracing her, it would not
be surprising if the Democratic party should attempt
to have the full control of all matters for which it is
held solely responsible. But we imagine the editor
of the Waterman has looked through distorted
glasses and seen many things which, otherwise, he
would not have seen. We willDet forth few facts
which we have learned from reliable source.
On the first ballot Messrs Chine, Gillespie and
Ellis were elected directors. The two first named
were old directors, and Mr. Ellis was elected in the
place of Mr. Shaver who did not desire reelection.
1t was then urged that Rowan ought to have anoth-
or director, and by common consent the meeting
was about to elect Mr.. Richard Caldwell, of Sails
bury, member of the Opposition" when the
question of his eligibility was raised By his oun
brethren, of Iredcl who preferred some man among
themselves. In this division and quarrel among the
Know-Nothngs themselves, DR.. Mcdowell, of Burke,
former director and whose only fault is that he is
q good Democrat was reelected.
Then it was that Mr.. Sharpe, Of Iredell the
spokesman Of the X. N. party (Which had tried to
get an advantage for itself and had failed introduce
ed series Of resolutions calling for information
torthwith, which it would have taken the officers
week or more to furnish, and which Mr. Sharpe and
his party must have known could not be furnished
forthwith" Under these circumstances, after the
deposition had expended their gas in various
speeches, Mr.. Avery moved to lay the whole batch
ofresolutons upon the table This seemed 70 please
the movers of the resolutions, they were strong
in numbers, and thought the vote would be an in.
dividual one; but they were much dsgruntled when
stock vote was called for, and by this VOTE aoith
out any cote on the part of the State subscription
the resolutions were laid upon the table by vote
of about two to one