Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1866-12-06

concludes with the following sensible re-
marks:
| There are other objections Of grave character
which might be urged and among these 1t may be
mentioned, that ii the amendment is adopted we
not only have no guarantee that our representa-
| tives would be admitted to Congress, but there
are unmistakable indications that they would still
be excluded 1t is unnecessary, however, to dwell
upon a subject which has been 60 far decided by
the public opinion of the poop OF the State that
am justified in saying, That If the Constitutional
amendment is to be adopted, let 1t be done by the
irresponsible power OF numbers, and let rs pre-
serve own self-respect, and the respect of our
posterity, by refusing to be the me sn instruments
of orr own shame.
Nineteenth Annual Meetins of the Stock
holders of the WiIming ton and Manches-
ter Railroad Company.
MORNING SESSION.
The Stockholders of the above Company, agree
ably to notice, assembled in the Court House in
this city, on yesterday morning. at 10 o'clock.
On motion of Mr.. Drane, Mr.. Hugh Wilson, OF
Sumter, was called to the Chair. Messrs. W. A.
Walker and John Maultsby were appointed Score
taries.
On motion, the Secretaries together with W. &.
Wright, Esq, were appointed committee to as
certain the number of shares represented and to
verify proxies.
The following number of shares were reported
represented:
In Person oil shares.
By Proxy NEUTRALITY-SUSPICIOUS.. ...3 Jas do
Total ....... ..............S156 do
A majorit5 of the capital stock being thus repre-
sented the meeting was declared duly organized.
reports " the officers was dispensed with, and q
committee of five were appointed to consider them,
and to report the result of their consideration.
The Chair appointed as this committee, Dr. B.
F. Arlington, Col T. Nj. Mallett, Col. s. L. FIRE.
mont, Jesse Keith and s. d. Wallace, Esqrs
On motion of r. Bradley, Esqr., the meeting adj
iourned until o'clock, L. NJ.
AFTERNOON SESSION.
The meeting was called to order by the Chair
man.
The committee appointed to consider the re-
ports of the officers Of the Company through their
Chairman, submitted the following
REPORT:
The Committee to whom referred the report
of the President and Directors with the accompa-
ming reports of the superintendent and Treasurer,
beg leave to report that they have given the sub
ject committed to them all the consideration they
able to do i'll the limited time they have had.
The Committee are much gratitie1 to be able to
concur they do, most fully with the President
and Directors in their view Of the financial cOnd-
ton and prospects of the Company, while they
approve the llan adopted to raise the means ne
cessary to reconstruct the road and machinery,
and place 1t in its present good and efficient con-
dition and they hope that this plan will be fully
carried out, they believe it will result in plac
ing the work in such order to be worked eco
nomically and its finances in most desirable
condition.
The action of the President and Directors i'll
aiding, under the charter of the - Wilmington
Railway Bridge Company" in connecting the sew
era Railroads centering in this city, by permanent
bridges over the two branches of the Cape Fear
River, is fully approved, and they recommend that
the steps taken by the President and Directors on
this subject, be confirmed by this meeting, and
that authority be given to complete the work.
1t seems to your committee that due economy
has been observed in the management for the past
year. we'll in the reconstruction and re-
equipment; and the committee cannot too strong
ly impress upon the management of the current
year the necessity of observing judicious ecOno-
my in all its operations.
The purchase of iron rails to complete the
pairs of the track, is approved, well anything
else absolutely necessary to an economical man
agement.
The committee recommend that the authority
granted to the President and Directors to raise
means to reconstruct the property, adopted at the
last meeting, be re- affirmed and continued.
In conclusion, your committee desire to state
that they are much gratitied at the financial
dlt1on and prospect OF your property, and think
much credit is due to your indefatgable President
for his earnest eNertions in you behalf as well as
to your Directors, who have aided and sustained
him throughout.
On motion of D S. Cowan, Esq, he report was
received ard adopted.
On motion of w. \. Wright, ESQ the following
resolution adopted:
ReS0tred, That the ordinance OF the Conven-
ton of this State, entitled can Ordinance tom
corporate the Wilmington Railway Bridge Compa-
n.y." ratified the 23d day of June. A D., 1866, so
far as the rights, powers, privileges and fran
chises, and the duties and obligations thereby
granted to, OF imposed on this Company are CON
cerned, is hereby assented to and accepted from
this Company and that all agreements, contracts
and liabilities of every kind whatsoever
which have been entered into in behalf OF this |
Company by the Directors of this Company, by
virtue of any of the provisions of the ordinance
above referred to, hereby affirmed and ratified
and declared to be. in all respects, obligatory
this Company.
On motion of W. A. Wright, Esq, the following
reOlutlOn was adopted:
ResOIUed, That the action Of the President and
Directors OF this Company, taken under the reso-
linton of the stockholders having reference to the
thorough equipment and repair of the Road of
this Company, adopted at the last annual meeting
meets with the entire approval of the stockhold-
ers; and the powers and authority conferred on the
President and Directors by the resolution referred
to are hereby declared to be continued and should
be- exercised to meet any exiSency which may
arise.
Mr.. Parsley offered resolution amending the |
Bylaw of the Charter in regard to the transfer of
stock which was finally defeated, after much dis
,ussiop.
On motion of DR.. A. J. DeRosset, it was resolv-
I'd that the next annual meeting of this Company
DC held in this place, on Thursday after the fourth
Monday in November next.
0. G.. Parsley, ESQ, offered resolution to the
effect, that Geo. Il. French, Esq, and Col. VIM l..
Smith, be appointed Auditing Committee for the |
ensuing year, with the authority 10 call in some |
member of the Board of Directors to their assis-
lance. Adopted.
On motion, an election for President was entered |
into, which resulted in the unanimous choice of |
Capt. II. NJ. Drane, the president incumbent
An election for Directors succeeded that for |
President. The following gentlemen were re-
ported as elected, together with the number of
votes received
0. g. Parsley. -. ............S,1S1 Shares |
John Dawson. ACKNOWLEDGEMENTS, 107 6
r. Bradley. Observation-Disclosures. O39 g
]. E. Gregg. .......................a ,C79 g
henry NUT OBSERVATION-DISCLOSURES 9,lSl
u 8 CoWan. ...'......,......,...6, 1Sl .