Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-12-06
Col. s. L. Fremont, from this committee, sub

f Col. s. l.. Fremont, from this committee, sui
mitted the following report
| To the Stockholders ofthe
Wilmington d Manchester Railroad
| The committee to whom was referred the resoil
tions on the subject OF the construction of tn
branch OF this COmpany's road to Columbia sui
NIT the following
That it has given the subject that considers
ton it's Importance demands and are unanimOu
| in recommending that most energetic and decid
ed steps be taken by the President and Director
OF this Company to cause branch OF the roa
to be constructed from the best poiot on this lin
| believed to be from or near the village of Sum
| teri to the city of Columbia soon as they Cal
zee their way clear for that purpose
| The great Importance of the work cannot b.
| doubted, If we but for moment turn our eyes t.
! the map and see the vast area reproductive coun
try that finds market or forwarding point a
Columbia.
! You not only obtain the benefits of the connec
ton that will be made by means of the 60 Co
lumbia and Augusta Railroad to g all the points
| South and Southwest" and by the Charlotte ane
South Carolina to Chesterville and other points
| on the line but the immense trade that will be
| open to the enterprise of Wilmington by the
present line to Greenvlie and Anderson, and wher
| the Blue Ridge Railway is completed to Cincinnati
you have short aud quick route from the Great
West to our port. IN addition to this a portion
OF it remote) you have now daily transportation
line lnaugura ed between Northern cities and
Kuesville but in consequence CT the adverse in
terest that meets this line at the latter point the
whole line from New York is blocked up, and you
are told cannot be opened by your line to Au-
gusta, Atlanta, Macon, Columbus. MONTGOMERY
and Mobile, unless some Charleston interest is
consolidated or some concession made by other
parties to Charlotte.
As strange as it may seem to this meeting your
committee are informed that the management of
the South Carolina Railway Company ie averse
to having a fast freight line over its Columbia
Branch from kingsvile to Augusta. That would
at put this line on an equal footing with the
Virginia q Tennessee Railway line. So far has
this prohibition carried this Company that, while
cotton is now being taken from Atl4nta to New
YORK y Dy hallway and Steamers. via Lynchburg
and Norfolk, distance of some sixty miles greater
than it is by way of Wilmington to the same point
yet this line cannot carry bale.
In view OF these facts, and the great field pre-
scented to this line for very large and valuable
merchandlze transportation to all the country as
far as the Alabama river, and South the Gulf of
Mexico for Time Goods" your committee are
fully impressed with the great Importance OF ur-
ging, by every means within your reach, the early
inception and speedy completion Of this work.
10 this end, your committee recommend that
preliminary survey and estimate b3 made, that the
PRESIDENT and Directors be instructed to ascer-
tain what aid can be obtaiued from The connect
ing roads, North and South, and so soon as they
can obtain the requisite means to commence the
work.
Your Committee also recommend that the Presi.
dent and Directors cause a proposition to be made
20 the management Of tie South Carolina Railroad
of contract, for term of years. to use their
'oad from hlngsvlle to Columbia, and also to
upon such terms and conditions as can
% agreed upon by this Company. And should
advantageous arrangements be made therefor,
hen they may for the present suspend the work
If constructing the branch referred to- otherwise
% press the matter to speedy construction.
All of which is respectfully submitted.
s. L. FREMONT,
For Committee.
The report Was received and referred to the
Board of Directors
Mr. Parsley Introduced the following resolu- |
ion:
Resolued That the salary of the President of
his Company, for the ensuing year, be fixed at
he sum of Thirty-tive hundred dollars and that
tho treasurer and Secretary at Twenty-Five !
hundred dollars.
The resolution WAS amended so as to fix the
salary at Thirty-six hundred dollars,
nd passed.
On motion by Nr. Parsley:
Reso!ued, That Director of this Company
hall, directly or indirectly, become a contractor
18th 1t Tor the supplying or delivery of any sup
lies: OF the purchaser Of any property or effects
this Company.
On motion, all election Of President and Direc-
'rs for the ensuing year was entered into, result
g as follows For Pre- sident. W. B. Giles, 4,S4O
!. NJ Drane, 1902. Giles elected.
Directors.--O. G. Parsley H. Mutt, J. Ell G,err
Ohm Dawson, ID. Cowan, Il. Brady J. G. Burr
l.. Bartlett, c. Graham, DR.. A. j. DeRosset,
On motion of Col. J. &. Burr:
HeS0ced, That the next annual meeting of the
tockholders OF this Ompapy be held in Whining
H. on Wednesday after the third Monday in
oVemher next.
G. r. French and JAS 4. Bradley were, en- mo-
oil. appointed Auditing Committee for the ensu-
ar.
On m tlon, the meeting then adjourned !