Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-07-12
STATE NEWS.

~ notice. number of citizens assembled
:, tba court house, and, on motion, A.
Ezekiel. ESQ, was appointed chairman, an6
T, Swain, Secretary of the meeting.
At the request of the chairman, Col. j
IT. Morehead explained the object OF the
meeting and, after some remarks touch
ing the practicability and prospects OF th'
extension of the Western or Coalfields Rail
road, introduced a series OF resolutions, a
follows
WHEREAS. The act of the last Legisla
+ure. amending the charter of the Yves
tern Railroad, relieving the corporation O
its indie btedness to the State, and by sub
scriblng one million dollars of mortgage
bonds. and extending the road through tn.
rich valleys of the Iadkin and Dan, ha.
made the completion of the road fixed
fact and
WHEREAS, 1t now depends on the friend:
Of the work to fix lie time of its compile
ton
Resotred That however unpropitious the
political state of affairs may be. T01c is the
time for the friends of this work to begin
in earnest and that, the people of Gull
ford, being among the first in interest, In
tend to be second to none in our effort to
hasten the completion of the road and we
call especially upon the people OF Chatham,
Alamance,
ROCKINGHAM, Yadkin and Surry to come
forward at once and join us.
ResOlced, That committee of five APP
nointed to communicate with the friends Of
the road in the above named counties III
order to give organized aid to the officers
of the road and that for that purpose they
make arrangements to hold meetings along
the line of the road, and to receive sub
scriptions in land labor, material and mon
evs and further
That said committee lay before the pco-
ple of Richmond, Petersburg and Danville
the great benefits which Will flow to their
cities by opening this shortest and most
direct route to the eastern part OF North
and South Carolina, and offer them the
opportunity of Joining with us III a work
so beneficial to both.
The meeting was then addressed by Mes
Sis. d. L. Caldwell, Ralph Gorrell, Col.
Buford and J. \. Gilmcr, Jr. And after
suggestions from others, the resolutions
were unanimously adopted.
The committee appointed under the
above resolutions, are as follows James L.
Morehead, IT,, John A. Gilmer, IT., D. L.
Caldwell, Jesse Fl. Lindsay, D. ". c.. Ben
bow.
On motion, Resolved that when this
meeting adj0urns, it shall be to meet in
this place on Tuesday OF August court
next
The meeting then adjourned.
A. p. EClEL, Chairman.
l.. SWAIN, Secretary.
Greensboro PatriOt.
RALEIGH AND CASTOR RAnRoAD.-The
annual meeting OF the Stockholders of the
Raleigh and CASTOR Railroad Company
was held in Raleigh on the 4th inst. 2. G.
Cameron, of Orange, presided.
The act Of the Legislature, to amend the
charter of the road, was accepted.
The following resolution, introduced by
7. 3. Venable, Esq, was adopted
ReSOlred, That the President and Direc-
tors OF the Raleigh and CASTOR Railroad
Company be authorized, in their discre-
lion, to negotiate a loan not exceeding fifty
thousand dollars, upon such terms as they
may think proper, and to issue bonds for
the same at 2 rate of interest not exceeding
six per cent, for the purpose of paying Off
the outstanding liabilities of the Company,
and making such improvements in said
road as may be necessary.
The committee to change the Bylaws
reported, and the amendments suggested
were adopted. Among the alterations made
were the changing of the time of holding
the annual meeting of Stockholders to the
third Thursday in July in each year,-the
number Of $eren instead of f0aT as hereto
fore, authorizing the Board to designate
the places of deposit OF the Company's
fund,-fXing the compensation of DiTec-
tors at 50 per day VIXEN III attendance on
the business Of the Company-and re-
quiring the reports Of the officers of the
Company TO be published, and copies sent
to the Stockholders previous to the annual
meeting of the Stockholders and that said
reportsshalI bereferred to appropriate COM
mittees and acted on by the meeting pre-
vious to the election of Directors.
Resolution by Hon. Thos Bragg Adop-
ted
WHEREAS, In the present depressed con-
dltion OF the country and the discOuraging
prospects for the ensuing year, it is neces-
sary that the strictest economy should be
used in the management Of the Railroad,
not only to ensure dividends to the Stock
holders, but to enable them to meet their
current expenses
Therefore ResOEUed, That the President
and Directors of the Raleigh and CASTOR
Rail Road Company be, and they are here
by instructed and enjOined to revise the list |
of officers and employees, now in the SER
vice of the Company, and to dispense with |
the services Of all such as are not absolutely |
necessary for the safety and good manage
ment of the Road, and to require from all
i'll their service close and unremitting at |
IGNITION to the discharge of their respective |
duties, and in all things to retrench the ex-
penditures of the Company, SO as to reduce
them within the smallest practicable COM
pass.
The meeting proceeded to elect, by bal
lot, seven Directors, resulting in the cleo
ton of DR.. VIM. J. Hawkins, Geo. W. Nor !
decai, S. S. Register, J. B. Bachelor, Geo. |
Little, c. Fl. K. Taylor and Gen. Jos. B. |
Iittlejohn.
The following gentlemen were elected on
the Committee of Finance and Inspection, |
viz L. b. Venable, A. NJ. McPheeters and
d. NJ. Barringer.
The meeting was very full and harmoni- !
Ous-the exhibits of the officers giving en-
tire satisfaction. The Stockholders, hay
ing partaken of refreshments prepared by |
the officers of the Company, returned to
their respective homes in high spirits, by
special train, after adjournment.
We understand that the new Board of
Directors held q meeting soon after the
stockholders adjourned, and unanimously
reelected DIR. W. J. Hawkins President.
At meeting of the Board, on yesterday,
Mai. W. ". NaSS Was reelected Treasurer