Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1870-02-18

By Mr.. Malone A resolution requesting
the Chairman of the Committee of the
Whole on investigation to report 10 the
House. Lies over.
On motion of Mr.. Malone the rules were
suspended, and his resolution taken up
and adopted.
UNFINISHED BUSINESS.
The motion to reconsider the vote By
which the bill consolidating the Atlantic
and North Carolina Railroad Company and
the North Carolina Railroad Company was
indefinitely postponed.
Mr.. Gunter moved to lay on the table
the motion to reconsider.
The yeas and nays being called the
House rejected tho motion by vote Of
yeas IS nays IS.
| The motion to reconsider was then put
to q vote and adopted.
| Mr.. Malone offered the following substi-
tute for the bill:
SEC. 1. That it shall be lawful for the Stock
holders of the North Carolina Railroad Company,
at a meeting to be called and held as
practicable after the passage OF this act accord
ing to the charter and bylaws thereof to trans
fer to the Atlantic & North Carolina Company
all that portion of the North Carolina Railroad
between GoIdsboro' and the passenger depot at
Raleigh, with all the rights, franchises and priv
eges owned and possessed By the said
road therein.
SEC. 2. That at such meeting the following
prOpOs1tlOnB EHSu DC SuDQl1tLeu To tlG stock
holders OF said North Carolina Railroad Com
pany:
Stockholders their entire interest in that portion
OF said Nor Carolina Railroad Company lying
| between Raleigh and GoldsbOro'. That tho
State transfer to said private StOcllh Oders as AZ
equivalent for their stock in saiC portion Of said
| Railroad al amount OF stock in the North Caro-
lima Railroad in the proportion OF one share Of
state STOCK for every SIX shares OF private stock
| in said road.
2 That in case the transfer mentioned in the
first section OF this act Is sonsummated, tho At
lantlc and North Carolina halroad Company
shall issue to each private Stakeholder one share
| in said Road for every five shares gucl Stock
kolder holds i'll the North Carolina Railroad Com
pany
the votes OF the majority OF private Stockholders
shall have the force effect of law, prOvided
that If the second Of said propositions Is adopted
it ehall be first submitted to the Stockholders Ci
the Atlantic Il N. @. j. Il. Company.
! SEC 3. That the State Proxy in the n. G. Z.
z. Company Is hereby instructed TO vote tor the
transfer provided for III the fire. section Of thi5
act
SEC. 4. Thst as soon as it is practicable after
the passage of this act and tho acceptance there
of by the North Carolina Railroad Company l.
meeting shall bo called of the stockholders OF
the Atlantic & North Carolina Railroad 70
slider the said transfer herein provided for, at
which meeting the State Proxy il instructor
hereby to vote Tor its acceptance
SEC. 5. The said transfer shall not affect fur
Their than may be provided for in Section 2, here
of the rights Of the private Stockholders in the
North Carolina Railroad. but said Stockholders
shall retain their 1000 Geo OF Stock in said Road,
with ell the rights and privileges therein row
existing, and in addition thereto, shall receive
the additional shares, either III the Atlantic and
North Carolina Railroad or in the North Caro-
lima Railroad, provided for in Section 2 of this
Act.
SEC G. That if not sooner called q meeting oe
the Stockholders OF the N @. Il. Il. Company
shall be held at Greensboro on the = day o
--, 1870, for the purpose of considering the
| transfer herein provided for.
| The substitute was adopted.
H. 81 to Cnatfn roG ,
striking out subdivision J. and insert the
following "That tho State relinquish
10, 900 shares of the n. g. Il. II. and tho
Atlantic and n. G. r. r., issue to the State
| 10, 600 500 shares in its Road, and upon
which the State shall be allowed to vote ut
Stock meetings in the same proportion as
the State now votes upon its stock i'll said
Road.
Mr.. Durham opposed the amendment,
and was also opposed to the bill.
After some debate, Mr.. Gunter moved
to lay the whole matter on the table.
The yeas and nays being called, the
House rejected the motion by the follow
ing ballot:
YEAs-Messrs Blair, Carson, Cawthorp. Dur
Hicks, High, Hodgin, HOdnett. Jarvis, Kelly OF
Moore, Leary, Long OF Chatham. Moore of Ala
bins, Robinson, Siegrist, Smith of Allegheny,
Smith of Martin, Sweat, VestaI and WcIch-29.
Aes Ag9 Ban
wilson, Dixon, Foster, Franklin, French, Gilbert
Graham, Green harris Of Franklin Harris ot
Kinney hiMas Malone Mayo Mc0aness IcMan
MendenhalI, Morrill,, Morris, Nicholson. Pearson,
Peck, Pou, Price. Reynoids,. Seymour, Shaver,
| ton. Stevens, Sykes, Thompson, Vest. White,
Whitley, Williams of Harnett, and Wilson-47.
Mr.. Pou moved q reference Of the matter
to the Judiciary Committee, and make
special order for Wednesday next at II
O'Clock. Carried.
| SPECIAL ORDER.
Bill (Senate) to abolish tho Office Of State
Printer. .-.a.
Mr.. Sinclair wished to hear from the
committee appointed to investigate the
alleged mismanagement Of the public
printing.
Mr. Ames for that committee said that
they could only report progress. The com
mittee have been at work every day, but
would not be able to report for sometime
yet.
Mr.. Sinclair spoke in opposition to the
passage of the bill.
The yeas and nays were called and the
bill passed its second reading by vote OF
yeas 60, nays IA. - ~
Mr.. MendenhaIl moved to suspend the
rules and put the bill On its third read
ing
The motion to suspend tie rules was
put to vote and adopted by vote Of
yeas 50, nays Is.
The bill then passed its third reading by
the following ballot:
YEAs-Messrs. Argo. Armstrong, Ashworth.
Barnett, Blair, Boddie, Bowman, Carson, Carey,
tClayton, Davis, Davidson, Durham, Ellis, Fork
ner, Calling. Gibson, Gilbert, Green, Harris, OF
Franklin, Harris, OF Wake, Hayes, Hicks, High.
HinnanG, Hodgin, Rodnett, Ingram, Jarvis, Kin
lney, Leary, Malone. Mcmillan, Mendenhsu.
Moore, of Alamsnce, Nicholson, Painter, Pear
lseymour, Shaver, siegrist, Smith, ofAHeghany !,
Smith, Of Martin, Smith, OF Wayne, fnipea,
Stanton, Stevens, Sweat, Sykes Thomson, fos-
and WiIson-61.
NAYs.-Messrs. Ames, Crawford, Dixon, Fos-
ter, French, Gunter, Hoffman. Kelly, OF Moore,
, Long, Of Chatham. Mayo, McOanless, Morrl},
4 Peck, Proctor, Sinclair, and Simonds-z-T.