Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1868-11-13

the best. GRANT may be popular with al
classes but the Radicals We hope he will
extend liberal hand to the afflicted South
restore her oxiled sons do away with the
farce of the trial OF JEFFERSON DAVIS, and
as much IS it will be in him to remand the
government OF the South into the hands Of
! her own people.
ProceIdtugA of the Thirty-ninth Annual
Meeting of the Stockholders of the VIII
! Intngton and Weldon Railroad Conn
paDy.
/ The Stockholders assembled in the Court
! House at the appointed hour.
Ga motion Of the President of the Com
pany, Hon. r. r. Bridgers, the meeting
was called to order by the election of ".
S. Battle Esq, of Edgecome, as Chair
man. John w. Thompson and Donald
MacRae, Esqs., were appointed Secretaries.
The committee to verify proxies and as
| certain the amount of stock represented
reported the meeting to be unusually large
| and that it would be impossible for them
| to report formally and fully in less than
an hour. They reported, however, that
majority Of the stock was already repre-
scented in the meeting; whereupon the
meeting WAS declared to be duly organized
| and ready for the transaction Of business.
/ The President of the Company, Hon. R.
r. Bridgers, on behalf of the Directors,
proceeded to read and submit the regular
annual report.
/ Col. S. L. Fremont, the Chief Engineer
and Superintendent, then proceeded to
read his annual report.
! On motion of DR.. a. J. DeRosset, the
reading of the Treasurer's report was dis
pensed with !; and committee of three,
| consisting of DR.. A. J. DeRosset, ?. Muir
| ply and W. S.tDancy were appointed to
examine and report upon the report of the
! President aud Directors.
! Col. Fremont then submitted the follow
! ing resolutions, which were unanimously
adopted by the meeting
WHEREAS, The State Of North Carolina owns
| three-fourths Of the capital stock of the North
| Carolina Railroad Company, and it is therefore
manifestly to the interest OF the Taxpayers that
it should be 50 worked to yield 20 the State the
largest possible income consisten5 with justice to
its patrons and whereas, il is equally evident
that by using the whole line instead of part
when practicable il the sportatioG CT passen-
gers and freight, that this end viii be- accom-
Djished and whereas, after securing the fOregO-
ing object largest income to the State) it should
De worked with view of giving as much business
TO other public works il which the state has an
interest as possible therefore
! ResOlr9d That application be made to the Gov
ernor aud Board of Internal Improvement, Or
other Executive or Legislative authority as may
be necessary, to see justice done to the State as
! we'll as to this Company, whose read connects
with its road st GOidsbnro
| ReS0!Ued That this subject claims the imDedi-
ate and unremitting attention OF the Pr sident
and Directors and General superintendent, to
whom it is referred. with full authority to make
any contracts offer aDy Inducements compati,
bic with the interests Of this Company to that of
the North Carolina Railroad Company, that will
justify that Company Ill working its entire line TO
doldsbOro', and working in close connection with
this Company, IL which the State is largely inter
ested.
Col. Fremont also submitted the follow
ing, which were referred to the committee
to whom was referred the report of the
President and Directors
Resolred That it is the sense Of this meeting
that preliminary surrey eXamn alton of a
route for q Railroad, ulG scotland BECK and Muir
fre2sbOrG to tue State line in the direction of
Suffolk Cor any line bearing this general direc-
tion) be made, if, in the opinion of the President
and Directors, such road would materially benefit
this Company.
Resolved That application be made to the
Legislature, at it's next session, to aid in the
struction Of such line by subscribing to it the
stock now owned in this Company, by the Litera-
ry Fund, or such other aid as it may be induced
to give.
On motion of Col. r. Fl. Cowan, the
meeting then took o recess until three
o'clock P. M.
At P. IL. the meeting was called to or
der.
The following amount of stock was re-
ported as represented
In person. ................... 2, 1876
By proxy. II, Ol3
sIota: 10, SOB
Cox fremont moved an appropriation of
500 for the support of the orphan child Of
the late VIM. H. Laspeyre, who was killed
while in the employ of this Company
Carried.
! ". a. Wright, Esq, offered the follow
ing, which was adopted
ResoIyed, That the following is adopted as
one OF the Bylaw Of this Company In all cleo
tions of the officers OF the COMPANY a majority
Of the votes cast shall be required to constitute
any such election.
| DR.. A. j. DeRosset, on behalf of the
Committee on the Presidents report, sub
mitted the following as the result of their
consideration
| REPORT
| The Committee to whom was referred the Re-.
port of the President, have given the subject as
much consideration as the limited time given
them would allow.
Your Committee approve the policy of the Pre-
sident and Directors of repairing, rebuilding and
improving the road by draining
We are gratifed to know that the fruit and
truck business is likely to be profitable to our
people and source of profit in the transports.
ton to the Company and ought to be encour-
aged. ~...s.-....
Presidents Report that the Company should en-
sagq IS az,.55 TT -o4 CD 3aJoaz $3.50