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

I
amendments He then argued in favor of accep-
| tance.
| Col. Smith offered the following amendment to
| the resolutions OF Judge Russell:
ResOLUed further, That the foregoing acts are
accepted by the Stockholders under the express
understanding that the subscription or the state
provided therein shall amount to four million OF
| dollars in money.
Col. Cowan hera arose and delivered a lengthy
and forcib!e speech. so far he personally
concerned he cared not snap OF The finger wheth-
er he continued as President OF tie company or not
He objected to the personal turn the discussion
had taken. He saw in the question nothing poht-
ical. Politically every man knew whero he stood.
He could not recognize between himself and those
Republicans here the rules of social courtesy !;
and towards them he occupied the position OF the
Knight of Ivanho9 towards the base Iemplar-
though unhorsed between him and them was
quarrel to the death. and ere he torsook his
cause, may his right arm Wlther in the socket
and his tongue ceave to the roof of his mouth
He then proceeded to discuss the question upon
it's merits spoke of the advantages to be de-
rived by the road from the proposed appropria-
tion and thous ht it calculated to greatly benefit
the company. But there were the terms of pas
sing over the control to the 4, ate, and we must
look at matters as they are. To put the road in
tho hands of a political party would make it
great ruling machine in the control Of the politics
Of North Carolina. Ordinarily lie would not for
moment consider politics but this amendment
proposed to change the charter and place the
road in the hands of party the most roecrip
tive in it's character. But there were cogent rea-
sons which should lead the stockholders to ac
cept the amendment-insecure as it appears. He
then detailed accurately and correctly the history
of the road since the war ; the Reputation of the
debt due it by the State, and the repeated st
tacks upon its credit by stupid and malicious le-
gislstiOn. He would vote for the amendment be-
cause he thought the opposition would otherwise
continue, and at last destroy the road altogether.
Rather than this he would consent to ,ote for
tio amendment and trust to God for the proper
management of the affairs.
Gen. Alfred Dockery here arose in explanation
of some Interruptions to the last speaker. He
then proceeded to speak against secession andin
favor of the amendments, and alluded to seccs
sionsts band of conspirators.
Col. Leak then submitted some excellent, and
sound and honest remarks in reply. He thanked
God that he had imbibod Democracy from his
mothers breast. that lie he had been secession
lists, and did not regret it, and would willingly go
over his course again. lie abandoned secession
now, not because he did not think it right, but
impracticable. Gen. Dockery called him seces-
sionists-he would like to know if Cen Dockery
didn't stump the county of Richmond making war
speeches. These remarks were loudly applauGed
and much reshed.
Col. Steele spoke against the amendments, and
was opposed to further burdening the people of
the State, and also to the system Of Executive ap
pointments.
Col. Smiths amendment WAS ruled by the Chair,
on call Of the meeting. as not being in order.
The resolutions of Judge Russell were in order.
Judge Person proposed the following subs =
tute:
Resoloed, That the question of accop ance or
rejection of the amendment proposed to the
chsrter Of the Wilmington, Charlotte and Kuther-
ford Railroad Company, as contained IN " an act
to amend the charter OF the Wilmington, Charlotte
and Rutherford Railroad Company; to provide
for the completion of the said road, and to secure
the State representation in the Company" and
the amendments contained In "au act supple
mental to an act to amend the charter of the
Wilmington, Charlotte and Rutherford Railroad
Company, and ratified on the 29th day of jan
uary, 1862 be submitted to a stock vote OF the
stockholders, by ballot, in which those who are in
favor shall vote written ticket with the word
cept and the number of shares and name of the
voter endorsed upon the back of the ticket, and
those who are opposed shall vote written ticket
with the word reject with like endorsement m ade
thereon.
This being agreed to, ballot WAS entered
upon. Messrs. 8. w. Cole, B. F. Sumner and V.
A. McBee were appointed Tellers.
The following result was announced:
For acceptance. 10, 2j8 shares
For rejection. n.....................,. 2,o2l
Total. NEUTRALITY-SUSPICIOUS.. O79
Majority for acceptance. 7,437 shares.
The following corporation votes were cast for
acceptance City of Wilmington. 1000 shares
Richmond county, 1000 shares, Cleaveland
county, 1000 shares MeckIenburg county, 1900
shares-total 1900 shares.
Judge Person then offered the following reso-
lutions
Resolved That the question of accepting the act
of the General Assembly of North Carolina, entit-
tied ''an act &c. aud ''an act supplemental &c,
having been submitted to stock vote. by ballot, OF
the stockholders Of said Company in general meet
ing held in the city of Wilming gton ON the 18th
day of April 1882 "a majority Of the stock of the
Company being represented and a majority of the
shares having been cast in favor of acceptance),
it is therefore declared by the stockholders that
the aforesaid acts are accepted as an amend
ment to the charter OF the Wilmington, Charlotte
Il Rutherford Railroad Company, and that they
shall henceforth be and constitute part OF the
same.
Rescued. That the President and Directors be
instructed to cause certified copy Of the proceed
ings OF the meeting to be transmitted to the Gov
ernor OF the state.
The following was offered by Mr. e W. Guion.
Adopted
Resolued, That the President and Board Of
Directors of this Company be directed to call upon
all delinquent Stockholders after thirty days no.
tice in the newspapers published in the counties
through which the road leases, to pay all bal
ances due upon the stock subscribed By them,
and in case of default that it shall be the duty
of the Board to sell the shares OF each delinquent
Stockholder upon ithe terms, and in the manner
prescribed in the charter and bylaws, and to
take all measures which they may deem expedi-
ent to collect any residue which may remain un-
paid after applying the proceeds Of such sales,
And they are further directed to call upon all
subscribers who claim to have paid in money Or
work the stock subscribed by each them, and
to whom no certificate has heretofore been
issued, to come forward within the aforesaid
thirty days and adjust their accounts with the
Company otherwise it shall be taken at the eS.
piration of the said thirty days that theg and
each of them are in arrears and the shares sub
scribed for shall be sold under the provisions OF
the first part of this resolution.
Adopted.
Col. Steele then read and offered able pro-
test against the acceptance of the amendments
to the charter and asked that the same be spread
On the minutes. Granted
MIR. NJ. Cronly moved that the NEXT meeting of