Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1869-04-23

Total. OBSERVATION-DISCLOSURES. IL, ,433 "
majority Of the capital stock being thus re-
presented, the meeting was declared duly organ.
lied for business.
Col. T.. Ii. Cowan, President of the company
then called the attention of the stockholders to
the acts passed by the General Assembly, propos
ing certain amendments to the charter, and pro-
ceedeG to read the came He alluded to them as
involving the most important question ever pre-
sented before any meeting of the stockholders
since the organization of the company, and stated
that the Directors had so considered it and, be-
ing unwilling to appear in any way to instruct the
stockholders and left it to him to leas it to !he
Stockholders to decide what shall be done with
it.
Col. w. L. Steele, before he was called on to
vote for the proposition, desired some person in
strumental in the passage of the acts to explain
their precise meaning and intent.
Mr.. :. D. Wallace moved the rejection of he
acts smendatory to the charter
Mr. Q. G.. Parsley wanted an explanaticn u, if an
explanation would be ventured upon from the
other side, before vote was taken.
Col. ". F. Leak wanted light upon the matter,
and with peculiar applicability, desired to know
whether in this representation We were to
have Shiloh in earnest, or one who was further
est from Shiloh.
Col. Cowan did not feel called upon to submit
an explanation-it seemed certain that their was
to be free fight over the matter-and moved
the reference of the question to q committee of
three to report at the afternoon session, as an
amendment to Mr.. Wallace's motion, in order that
plenty of time should be allowed.
Mr.. G. l.. French here arose and referred the
gentleman from Richmond (CoI steele) to the
title of the act for an explanation, and presumed
the act itself sufficient explanation to his in
quiries.
Col. Steele had been unfortunate enough during
his life to be member of the General Assembly,
and knew that in other and better days gentle
men at least had the courtesy, when measure
was proposed, to give some reason why it should
be adopted, and that the gentleman from Rich
mond felt under no obligations for the remarks
Of the gentleman from -- God knows ,chere
Mr.. Wallace believed that the gentleman
(French) had personal motives in advocating the
passage of the amendment.
Col. CoRan having withdrawn his motion to
refer, the motion before the house that of Mr..
Wallace to reject.
Judge Russell moved as substitute that tie
meeting accept the amendment.
Mr.. Wallace withdrew his motion to reject.
Col. Steele was sincere in the declaration that
he wanted to know what the act meant.
Mr.. J. e. Hutchison moved to adjourn to D P.
NJ, but withdrew his motion, by request, to per-
NIT the reading of Judge Russell's resolutions.
This being reduced to writing, read as follows
ResolUed by the Stockholders of the Wilmington,
Charlotte and Rutherford Railroad Company,
That the amendments contained in an act of the
General Assembly of North Carolina entitled IAN
act to amend the charter OF the Whining ton,
Charlotte and rutherford RAILROAD Company to
| provide for the completion of said road, and to
secure to the State representation in said Oom-
pany ratified on the 29th day of January, 1859, -
| and the amendments contained in an act entitled
| san act supplemental to an act to amend the
charter Of the Wilmington, Charlotte and Ruther-
| ford Railroad Company, and ratified on the 18th
day of January 1867" the latter act being rati.
| fed on the 5tk day of April 1869, be, and they
are hereby, ratified and accepted by the Stock
holders aforesaid, in meeting assembled, (there
| being represented in said meeting majority OF
the capital stock of said Company
Res0IUed further, That the Secretary OF the
Company is hereby instructed to transmit, under
the seal of this corporation, copy of this resolu
ton to the Governor and Public Treasurer of the
State.
Judge Russell then moved that the meeting
vote on his resolutions at 81 p. NJ
| This met with strong opposition and finally.
| The motion to adjourn prevailed.