Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1866-11-29

this District upon a writ of Lfdbeas Corpus
with view to their release, but it failed,
ON account of the refusal of General Sick
les, in whose custody they were, to recog-
nize the jurisdiction of the Court. Pend
ing these proceedings the sentence was COM
muted by President Johnson to imprison-
ment for life, and they were removed to the
Dry Tortugas. But short time elapsed
before the Executive clemency was again
successfully invoked and the place of con-
finement was changed to Fort Delaware,
from which they have just been released in
the way already indicated"
Meeting of the Stockholders of the Will
mington and Weldon II abroad Company.
The Stockholders Of the Wilmington and Wei
don Railroad Company held their 31st annual
meeting, in the Court House, in this place, yester
day.
MORNING SESSION.
The meeting was organized by calling Z Muir
ply, Esq, to the Chair, and appointing Messrs.
J. W. Thompson and Jas. II. Whitaker Secreta-
ries.
On motion, Jas. A. Bradley, together with the
Secretaries, we're appointed a committee to verify
proxies and ascertain the number of shares of
J the capital stock represented.
: The following number Of shares reported
as represented:
In Person. Observation-Disclosures. 2 165
| By Proxy. Observation-Disclosures. 1888
Total. Observation-Disclosures. ........ II ,O9S
A majority of the capital stock being represent
! ed, the meeting was declared duly organized
". A. Wright, Esq, presented the report of the
President and Directors together with the report
| Of the Superintendent and the Treasurer.
On motion, it was resolved that the reports be
referred to a committee of three Stockholders.
The Chair appointed as said Committee, Messrs.
A. A. Mccoy, ". S. Battle, and H. NJ. Drane'
! Col. S. L. Fremont moved that committee of
three Stockholders be appointed to draw up
code OF Bylaws for the government Of the Stock
holders i'll their deliberations, and for the
! agemen1 Of the affairs of the Company, and to re-
port what progress they have made during the
| afternoon session. Adopted
| The following Stockholders were appointed to
| serve on the said Committee Col. S. l.. Fremont,
". A. Wright, and W. l.. Smith.
On motion Of o. G. Parsley, ESD the meeting
| adjourned until oc clock, 2. NJ
AFTERNOON SESSION.
! The meeting was called to order by the Chair
man.
| The Committee appointed to consider the re-
ports OF the President and Directors, Superinten-
dent and Treasurer, reported the following through
their Chairman, Hon. A. II. Mccoy:
REPORT:
The Committee to whom referred the an
nual reports of the officers of the COMPANY, have
given the subjects much consideration as the
limited time allowed, and beg leave respectfully
| report
They would recommend that the Company ac-
| cept the ordinance passed by the Convention Gre
| ating the Wilmington Hallway Bridge Company"
and further sanction and approve the action of
the President and Directors thus far under the
same.
They would further advise that the President
| and Directors be authorized to proceed to COM
plete the works and purposes proposed under the
! ordinance.
In examining the expenses incurred in the mat
! ter of reconstruction and resuScitatiOn of the
property, though the amount is large, they are of
the opinion that no more money spent liza
biiiIy incurred than necessary under the cir
cumstances, the property being in a very worn
out and crippled condition They would however
recommend, for the future, retrenchment and a
most economical outlay in these respects.
In regard to the Branch Road to Fayetteville,
they would advise THAI the whole subject be re-
fesred 20 the President and Directors with au-
thOrity to take such steps in the promises as the
interests and ability of the Company might seem
to warrant.
They are further Of the opinion that the bust
ness profits Of the Company appear to be good,
and its affairs are managed with prudence, consid-
ering all the circumstances. All Of which is re-
spectfuuy submitted.
the Committee received and adopted.
Mr.. W. A. Wright offered the following resoll-
ticn, and moved that it be Incorporated with the
reporG of the Committee, which motion was, after
considerable discussion, adopted:
RESOLVED, That the ordinance of the Conven-
ton OF this State, entitled IN Ordinance to
corporate the Wilmington Rail yay Bridge Compa-
ny, " ia titled the 23d day of june A. D., 1866, so
far as the rights, powers, privileges and fran
chlses, and the duties and obligations thereby
granted to- OF imposed on, this Company are con-
cerned, is hereby assented 70 and accepted from
this Company; and that all agreements contracts,
covenants 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, are hereby affirmed aud ratified
and declared to be- III all respects, obligatory on
this Company.
On motion of J. Nordeet, and election for Presi-
dent was entered into, which was had with the
following result
Hon. r. R. Bridgers 1851 shares, |
P. X. Dickinson, lat "
Mr.. Bridgers was declared duly elected
An election for Directors was then entered into |
and the following gentlemen, comprising the old
Board, were reported as elected, together with the
number of votes received
s 8 2: Wallace Wallace ei.7211 ~ shares,
w. A. Wright, 6 $40
Eli Murray 55S
Alfred Martin, 6 557
Jno. Everett, .256
A. 81. VanBokkelen, 6,147
Gen. Alex. McRae offered a resolution. which
was 80 amended by DIR. A. J. DeRossett and ac-
cepted by Gen. McRae, as to read as follows /
RESOLVED, That the Directors of this Company
be instructed to take into consideration the pro-
priety of reducing the rates of local travel wit
the view to increase the receipts of this Company.
Adopted
The report of the progress made by the Commit
tee on BYLAWS was read, and, on motion was re-