Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1868-07-17

main q whitening curse, to the third and
fourth generations, upon those whose in
fanny it perpetuates. BY all means let
everybody read the proclamation.
North Carolina Railroad Company-Tg"et-
ing Of Stockholders, &c.
We promised on Saturday to recur to
this meeting again. We see the Sentinel
omits all the important part of the last
days proceedings. no doubt, because of
sorrow and shame that the States interest
in her public works could be so shamefully
surrendered to a private "chque" for in
di0iduaI gain.
Our readers will remember that the
Stockholders last year, at Greensboro :,
made an order requiring the road to be
worked so as to produce the largest posi-
BILE income. In other words, they re-
quired the use of the aoAole length of their
road instead of part, when it was mani
testify to their interest to have it SO worked
We copy the resolutions below. This or
der, though only partially enforced, pro-
duced an increased revenue of forty-tw
thousand dollars, as stated by the Super
intendent in his annual report. The Presi-
dent stated that if the resolutions had been
fully carried into effect the increased in
come would have been sixty thousand dol
lars and that it is in the power of the
Directory so TO manage the road this year
as to increase the receipts for the current
year, over and above those of 1867, sixty
thousand dollars.
With this record, and these facts before
the meeting, the Slate PROXY, Gen. Latin,
repealed the Greensboro order, which had
produced such results land which, if en-
forced, would have produced much greater
results), and left the subject as it was
formerly, in the control Of the Raleigh and
CASTOR Railroad Company.
The whole scheme was evidently gotten
up and arranged by the Raleigh and Gas
ton Railroad interest. No change or alter
alton could be allowed by the Proxy-the
is were all dotted and the IS crossed by
DIR. HIS order, and there they must stand.
One of the Directors took the repeal pa
pers to DR.. Ell. and asked him if they were
not in his hand writing-so exactly did
they tally with the interests of his Company.
Instead of repeating the original resolu-
tions (which the Proxy said confined the
directors to certain course of policy, and
he wanted to leave them free). a substitute
was offered by Col. Fremont, in substance
as follows:
| "ResoIUed, That the Board of Directors be in
structed to make the best arrangements they can
with connecting Railroads for the transportation
of freight and passengers, with a view to the
| largest income for this Company, first and
secondy, to other works in which the State is in
| terested.'
| This resolution covered the whole ground
that the repeater said he desired to cover, and
yet it was voted down by the State Proxy,
who, it would seem, did not desire the
North Carolina Railroad Company to re-
ceive the largest income possible, nor did he
wish other State works to have their in
comes increased by means of such poll
cy-as under it The State might prosper.
The whole work is most extraordinary,
and coupled with the order to issue 500,
600 worth of bonds, it is Gerry significant.
We have no desire to bring this question in
to party politics, and shall not do so, unless
forced into that position; but we do say,
more in sorrow than in anger, as stock
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