Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-12-06
Meeting Of the Stockholders OF the vii.
lninStOn and Manchester RaiIroad


The twentieth annual meeting of the Stock.
holders of the Wilmington and Manchester F all.
road assembled at the Court House in Wilmington
OH Wednesday, November 9th.
On motion, Donald McRae was appointed Chair.
man, and VIM. A. Walker, and II. q. Wilson OF
Sumter, Secretaries.
The Secretaries, with DR.. J. J. Ling Tim
monsyilIe, we're appointed Committee to verify
proxies.
The Committee reported that there were sos
| shares represented, as follows:
! In person. ........... 3,016
In proxy. -....................5 $50
/ 4 majority of the whole number of shares being
represented, the meeting WAS declared duly Or
ganized
President Drane, in behalf of the President and
Directors, submitted their Annual Report, EN-
bracing the Reports Of the Superintendent and
Treasurer.
On notion these reports were referred to
Committee consisting Of Measls. A. Martin, w
l.. smith, J. j. Bellamy, J. T. Robertson, and
William Rogers, who directed to report at =
o'clock 7. II.
Col W. l.. Smith stated that the meeting having
been called through error rpon the 9th instead
Of the 18th instant, as directed by the Last meet
ing Of the Stockholders-thjs action having been
taken by the Board Of Directors on account of the
28th being designated by the President of the
United States and the Governor of the State as a
day of National Thanksg iving-he submitted the
following resolution, which was adopted:
feso!Ued, That this meeting be considered 8
preliminary Stockholders meeting, and that all
proceedings OF the same, to be legal shall be
approved by the regular annual meeting of the
Stockholders. to be held on the 2Sth inst.
On motion by Col. s. L. Fremont:
ReSotced That it is of vital Importance to the
interest OF this Company that direct communica-
ton between the cities of Wilmington N C. and
Columbia, ;. e., by means of q branch of this
Companys Railroad, be effected at an early day |
ana that the whole subject Of constructing such
branch be referred to Committee of three Stocn- /
holders, with instructions to report upon the same
to this meeting.
Messrs s. L. Fremont, 0. G. Parsley snd J. Eli |
Gregg constitute the Committee under the rc,o.
luton.
The meeting adjourned until O'Clock Pm.
NIGHT SESSION
At o'c'ock P. NJ. the Chairman called the
meeting to ORDER.
Col. W. L. Smith, from the Committee to whom
was referred the Report of the President and Di-
rectors. submitted the following Report:
The Committee to whom was referred the Re-
ports of the President and Directors and Sunerin
tendent Of this Road, have duly considered the
matters of material interest in said ReDort and
now submit a brief statement
The Report exhibited shows the bonded debt az
realized upon to be. .....-.... 81, $50, 74O 81
Residue of Bonds not sold, but pledg- 90
ed as collateral, at so cents on the
dollar ..::;..:........... 949,259 6s
From review of the Reports it appears mat
Ter OF necessity for the purpose Of continuing the
Road successfully, that the following sums s6ould
Do raised {
Say for operating expenses $3.50, 900 90 6
1nterest on Donoeo DEBT ........... 108 SIS 90 t
interest to Bridge Company ...... $500 90
'ooo TONS iron. ACKNOWLEDGEMENTS. 10000 90
r. ... s5O1, lis 90 I
ceipts are.-... ................... 1868, 900 90
Jash .............. 10,305 60
1ue from government. .-.-.......... 10, 1874 SIS q
1 1 from haliroads ACKNOWLEDGEMENTS. 10000 90 a
Cue from agents. ACKNOWLEDGEMENTS. 2O,CC0 90
'Aa iron 68, 900 90
Mo $6O2.14 Is a