Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-11-15


WHEREAS, The action of the Stockholders as
above recited, has been rendered VaIueless 70 the
said widow and children, in con- equence or the
said Company being unable, by circumstances be-
You'd its OIL to declare dividends OF lie capltal
stock therefore, in order TO carry out the lnten-
ton of the Stockholders to provide for the SAID
widow and children, be it
ResOtred That The Treasurer of this Company
he authorized. and he is hereby instructed, TO pay
to the said widow one hundred dollars per annum
from the first Gay of November, 1856, until this
Company shall declare and pay dividend OF
profits on its capital stock.
Mr.. o. G.. Parsley offered amendment e1
tending to all widows who have lest their hus-
bands, in similar manner, the sum of one hundred
dollars per snnum, also. The amendment was
defeated.
The resolution was, motion. laid on the table.
oil. A. A. McKoy, from the committee appoint
ed to take ints consideration the report OF the
President and Directors, reported as follows
The committee to whom was referred the an
nual reports of the officers of the company have
| given the subject as much consideration as the
limited time admitted, and beg leave to respect
! fully report
TIL It the peculisr condition of the Southern
roads have been such that negotiations could,
with difficulty, be effected by roads and that
we have cause to congratulate ourselves that ours
was the first road in the Southern country that
effected such negotiations. Your committee ap-
prove the negotiations and take this occasion to
|
| X. r. Bridgers, those thanbs which are his just
due for his financial skill and ability Which con-
| tributed much lin the opinion OF the commlttee)
toward effectlng this arrangement, which, con
sidering the strngency OF the money market, the
low standard III Northern markets and the mar
kets of the world Of Southern securities, we have
10 hesitation in saying was a favorable ne9otla7
ton His fairness in attrlbutlDg to Dr.. HoGg fall
praise for his share in the negotiation, We III eWlse
commend The prospects of the road now seem
to insure belief i'll its ultimate prosperity.
no u,jpS jon of Trslo IL q have
considered and approVeo, and Can add nothing 10
the able III gument Of the thi1f kAglueer and ST.
perntendln f Co. Fremont, IN Its behalf to which
argument Ill his report we respectfully can the
attention of all the Stockholders an others 1ne-
ested in this matter.
! We uould recomme d to the officers OF the
! Company to advert sc i'll the North the price OF
lands along our road their tapablty to the
growth Of early trut; the time it will require and
the cost OF transporting the fruit to the Northern
markets.
! Your committee find that some care should ba
! bestoHe4 Upon the subject Of Way Freight, be-
iievin2; they do that in the breaking up OF od
and established ctasstcatlOns OF treIghtS some
articles have b-tn placed with higher classes o
freight than either he interests OF the road or The
eltdTe of It's patrons will justify, and therefor
recommend thorough aud careful revision
thereof.
Your commit find that at he last meeting OF
the Stockholders resolution Wa3 passed inviting
| examination on the part of the Directors and
others to the question Of reduction OF local fare
They have not been advised as to tue change upon
the question, and would recommend that II the
interests OF the road are lot sadly compromised
the, .bv hat it is due TO the local travel of said
r,a6 tiIat reduction of fare shO,1ld be nlsda and
recommend that the meeting take such steps as
in their Judgment may seem best for the accom-
pIishmeut OF tia object.
Your committee find that from 1862 dividend
was declared. payable in Treasury notes OF the
Confederate States, and as this money was
that INK item shonII be credited 20 profit ana ,oss
as there is no obligation Oh the Company 10 pay
ANYTHING but Confederate money, The amount
necessary to meet THIS item Of $97, 593, beng de-
DO-ited in bank in the currency ordered to be
paid when the dividend was declared, and new, I
having been called your committee no" n3id Il 20
recomm- ndatlon in order that ttAc account. may
be cleared of that item.
Respectfully submitted,
A a. tiCk0Y,
L. S. KhNAN, Com.
! Jos. 4. ENGELHARD,)
The ronnrt elected considerable discussion bat
. :, :, ,z-,,a r. 80
was i'iS' oh' '''''oi u - ~ 't-4"0'' '''l'' -
cciVed.
Col. s. L Fremont submitted the amendment &c
+,,o .t,,r+o. IF .ho (or,r.,, Will, rooara +o the
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4i,.,, ,l, ,,,,a,,1,,,,.+ MOS, o,.,.,,7+oa
l1n .,,,,,,,;t+o4 t1o +d,Io,., ,,b;c1, ,o,
5000
| T ,...e,u.,
;',tI a {rti-,' o,t v+;Ir,inata,r : fn ~
~ " e11l in, VA ~ ~, ~
800 rs h I w 2 tlr1n dpentT ~,
800 - - I,tlN 49,. - 1m,fI,a ~ f r
80" e. ~ I ,A Iy3ht WV o ,.4 7 ~ a.,
,sa.1 - ,irn",,rs IF 49, oCn,,,I,an i .ooC
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- "a C,,oitI +arl lll 70 1l,.n,a+a ,,,itT -
'nl i az oinP@nt' 'euoiS ~ 1ol ~ my ~
CIV. - - .eo ~, III m 1919 e. 81,
pooPSlnt ~ Hot ~ WI. We - y 81 eii
" ,i,iS anu no
ue.1 lu S " sin" ~ a.
aueioi Zou al eilPo".leN ~ elitot - : SUI
covenants auu 20 eeAiSls as nla - ~ tIl jus
noH'S, pe7' az @leo '-V l'i'eio''S u oo'n Ho'E
1,to f,11o,i,o, ,,,.o,,ti,,,, ,,.., oo.e1 t n, !.
nopos,a+
-,
heSotte4' Ia ms meeuh5 mas n ara WIZ
pnsdt t n y r Rr5 i f - 70 ~
floating debt OF the Company, and in consiiera
ton OF his valuable services in dspOsiDg of tn
zones ol '1le No4tlpahy "nle 50 many ottleL Houtn
fartory financial arra;,rements it i. hereby dire 81
ed that the sum of s.3p per annnuIn be teuderet
to Mr. Br:dsers, in addition to his regular salary
so long as he may continue IL the office Of Presi
dent Of this Company.
| A stock vote was called for on this Cuestion
,;l ~ h., .,,I.; :: 49, e -,