Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1871-02-03

| Inc western railroad company met
here according to notice on 5th inst, and
accepted the recent amendment to their
charter. Another meeting was held on
11th-iDst., but not being ready for bust
ness adjourned to 18th inst, when the Di-
rectors and President were elected as here
tofore stated. The Directors thus selected
met on 10Th inst. At this meeting M. At
kinson was appointed Master Macbinist in
place of WIN. Campbell, removed, and J.
r. Ledbetter Master Carpenter in place of
John Minor, removed.
John NJ Rose was elected Secretary, N.
A. Steadman Treasurer. J. @. Poe Freight
Agent and J, E. Marsh Conductor. Mr.. j.
EEL. Davis has recently been Secretary and
Treasurer Marsh and Poe are continued
in their former positions.
L. G. Jones, the former Superintendent,
was elected President of the Company by
the Stockholders on 18th inst, and still
performs the duty OF Superintendent. He
is to employ assistants for Civil Engineer
work when necessary.
1t was ordered by the Board of Directors
that the whole force on the road in all de-
partments be reduced to the smallest eff
fective number at once.
The Board made total reduction in sal.
aries CT $4,000 a year, as follows The
Chief superintendent salary is fixed at
S., 900 ($2 500 before, Treasurer $500, Sc
cretary ST 200 heretofore 50, 500 for BOTH
| Freight Agent 5000, Isl, 200 before), Con-
ductor $500 ISL, 25O before), Master Ma
chinist 81, 200 formerly 81, 500. The Pre-
sident's salary is not fixed yet, but may be
put at $500 or moro lit was 50, 500 last
year,. A committee of the President, l..
O. Jones and j. d. Williams. and MI. Nc
Kinnon. was appointed to report and sub
nit tariff of freight. fare. &c.
A committee of the President, and Il.
z. Buxton, John Reilly. and E. J. Lilly
was authorized to ascertain when A. J.
Jones, the former President could make
settlement and turn over all property, ac-
counts, &c, Of the Company to his Sue
cessors.
On information that Il. S. LutterIoh
claimed to have completed contract with
the former managers Of the road for build
ing the road from Egypt to Greensboro,
and that he held bonds of the Company
secured by mortgage on the road and its
property to carry out such contract, &C., a
committee was appointed TO investigate
the matter and report at a subsequent
meeting Messrs. J. d. Williams, A. A.
McKethan and A. w. Steel were named as
the committee.
After some further unimportant pro-
ceedings the Board adjourned to Dist in
slant.
At meeting on 21st the committee to
wait on A. j. Jones, former President, &C.,
reported that the former President would
make settlement and submit report in
four weeks from Goth inst.
The Committee appointed to examine
the alleged contract and mortgage of Lut-
terloh are unable to get necessary informa-
ton and make no final report. They are
excused from serving farther and COM
mittee of the States Directors, Il. p. Bux-|
ton, John Reilly, and W. A. Guthrie, are
appointed to investigate the condition of
the Company and Mr.. Lutterloh's claim,
and to consult with the Oompany's Attor-
ney, W. Mel. Mckay, and report. After
some business Of detail, the Board adj
iourDed to meet on the Goth.
The former officials are to continue IN
til LIST February prox, when the new Off
GERS take their places, though the new
President and Board of Directors have
possession and management since their
election, 18th inst. ALI the new Directors,
officers and proceedings are to continue
only until the regular annual stockholders
meeting next April, when elections and
arrangements will be made for the next
year. There are six depots, Fayetteville,
Manchester, Spout Spring, iSwann's, Jones'
boro and Egypt, and each has an agent at
$500 year, except Spout Spring which is
SIS month, and Fayetteville where Gen
eraI Freight Agent is also depot agent.
N. r, Bryan has been appointed agent
at Jonesboro' in place Of t. Rollins re-
moved, and A. G. Robertson at Egypt in
place of FL. L. Muse removed Ali the
other officers and employees remain at
present.
We as yet know nothing from official
sources or records of the company as to
the claims set up by Mr.. Lutterloh, and it
seems the whole matter is under considera-
nd of ikolu
tract was made last summer with Hunt and
Scales by the former Board to build the
road to Greensboro for which work the
contractors were to take the company's
bonds to the amount of 5000, 900, secured
by mortgage on the road. This contract
was not to be transferred unless transfer
was approved by the Chief Superintendent.
Hunt and Scales did offer to transfer the
contract some weeks ago to T. s. Lutter-
lob, and the Superintendent, L. @. Jones,
declined to approve the transfer. The
Board of Directors at once ordered him
to approve it, when he still declined and
prepared to resign, but at the earnest re-
quest of individual stockholders he for
mally approved the transfer as s'by order
of the Board of Directors" Sc. We learn
that on the 4th inst, the former Board
processes to have met and recalled the con-
tract of Hunt and Scales, and confirmed it
~ 1ubtGLAOu, duu Iudt OA Jul 4u6Gs-
same date of acceptance of amended char
ter-it is claimed the old Board met and
made new contract with Lutterloh.
1t is now reported that in consequence |
of these claims, &C., MIR. Lutterloh will not
surrender his contract unless the Company
pay him $3.50 cash, and secure him
$50, 900 in payment of 3. and 8 months,
and pay to A. J. Jone 100000 or credit
him with that mount, &c. It is also re-
ported that Mr.. Lutterloh holds most of
the Company mortgage bonds for $780,
900, and that part of them is held by
persons in New York who have made ad-
vances on them. The whole proceeding |.
shows fraud from beginning to end, and
will no doubt be upset on that ground. We
hope it will not appear that Mr.. Lutterloh
went willingly into a plundering scheme.
He was probably misled by designing
swindlers. But no matter who does the
work, we shall rejoice when the road ia
pushed forward to compIetion,-whichI
will soon be done notwithstanding the
present conflicting movements.-Fayette-
vile Eagle.