Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1859-03-30
TRUTH.
CAPE FEAR AND DEEP RIVER NAVIGA-
TON MEETING.
WILMINGTON, n. c.,

March %, so, o'clock, P. M.
Meeting met according to adjournment The
Committee appointed at the morning session repor-
ted the following resolutions VIZ:
Resolred, That the act of the General Assembly
of the State entitled ian Act to protect the interest
of the State of North Carolina in the Cape Fear and
Deep River Navigation Company" ratified the 10th
February, A. D. 1852 is assented to and accepted
Resotred That in giving our assent to this act
we are not unmindful of the great injury and loss
which must be borne by those persons, who, before
the len of the State of North Carolina attached be-
came suretes to certain bonds issued by this Com
pany, and certain other persons who are creditors
of this Company for work done and mat. RAILS and
supplies furnished for the benefit of this Company,
and we would declare as our decided opinion in view
of the contemplated purchase by the State of the
entire property and franchises of this Company that
the debts so due by this Company, should in good
faith be paid by the State of North Carolina
John II. Haughton, Esq, one Of the Committee,
made a minority report
The first resolution of the majority of the Com
mttee was adopted all present voting in the affirm
alive, except j. II. Haughton, L. j. Haughton, and
J. II. Haughton proxy for Peter G. Evans and Jno.
W. Scott, by j. c. Smith proxy.
The second resolution was unanimously adopted.
On motion,
Resolred, That the minority report of the COM
mittee be filed and recorded with the proceedings of
this meeting.
On motion of W. A. Wright, Esq, the following
resolution was unanimously adopted:
Resolred, That any sale by Henry A. London, by
virtue of the provisions of the deed made to HIM
Trustee, by this Company, to secure the payment
of bonds to the amount of $50 OOO issued under the
provisions of the Act of the General Assembly of
this State, entitled can Act to amend an Act enti
tied an Act to improve the Cape Fear and Deep Riv-
ers above Fayetteville" ratified the 18th day of De-
l. H.
notice Of thirty days. anything contained in said
deed to the contrary notwithstanding and notice
of the time and place of such sale duly advertised
in two newspapers published IN the city of Raleigh
and two in the town Of Wilmington shall be deemed
sufficient notice
On motion of ". A. Wright Esq, the following
resolution was adopted:
WHEREAS, Peter G. Evans Thomas Hill, Isaac
Clcgg, John H. Haughton, Elias Bryan and Law
renee j. Haughton, during the years 1851 and 80,
became bound as suretes to certain bonds of the
Cape Fear and Deep River Navigation Company, is
sued for the purpose of obtaining means necessary
for the construction of the works of said Company,
of which said debt there is now due about the sum
of $31 900, including interest; and whereas, the
funds obtained have been applied for the general
benefit of al, the stockholders in said Company, it
is, therefore,
Resolred, That the stockholders in good faith
should contribute pro ratn according to the respec-
tive interests as stockholders to relieve said sureties
to the debts referred to in the preamble hereto, and
the Directors Of this Company requested to d.
gest some mode by which the principle embodied in
this resolution can be carried into effect.
On motion,
Resolred, That the thanks of this meeting are due
and are hereby rendered to His Excellency John w.
Ellis for his personal attendance at this meeting
and for the proper and liberal course pursued by
him the representative of the stock held by the
State of North Carolina in this Company.
Resolred, That copies Of the proceedings of this
meeting be furnished to the papers of this place for
publication.
No further business appearing, on motion the
meeting adjourned.
FRED'K j. HILL, Chm'n.
IA +: "A. Lc SSoe secss.