The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-05-27

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RAILROAD CoMPANIEs.-Aai a important sc.
ries OF meetings was held at Hickory, N.
O., on5the l4th inst. which resulted in
the consolidation of tho two narrow
gauge railroad companies recently char
tered in this State and North Carolina,
which have for their object the construo.
tlon OF q railroad from the town of Ches-
ter, 8. o., to the town of Lenoir, Cald-
we'll County, N. @. These companies
we're Chartered, respectively, under the
names OF the Carolina Narrow Gauge
Railroad Company and the Chester aud
Lenoir Narrow Gauge Railroad Oompa-
ny, and the consolidated company will
bear the latter name. Tho stockho holders
OF the two companies first met separately
and unanimously agreed upon resolutions
OF consolidation, and joint convention
OF the two companies was then held, at
which 1852 shares were represented, and
at which the consolidation was fully rati-
fed. The following officers of the con
solldated company we're then elected:
President-A. H. Davega, of Chestur.
Direotors-G. W. F. Harper, of Cald-
we'll; Miles o. Sheriff., of Catawba: D.
Sohenck, Of Lincoln; DR.. J. f. Smyer,
OF CASTOR; I. D. Witherspoon and L. III.
| Grisk, OF York; John l.. Agurs and q. c.
Maooy, Of Chester.
RESOLUTIONS were adopted. authorizing
the President and Directors to take such
steps ns they may deem most advisab BILE
to secure consolidation with the King 8
| Mountain Railroad, either by purchase
or otherwise, and that they report tn Q
| result OF their action to called meeting
Of stockholders, for their final letermi-
| nation. Resolutions were al 80 adopted.
thanking the officers Of the meeting and
others Tor courtesles, and the stock hold-
ers the Gil adj journed to tho second Wsdnes-
day Of May, 1874, when the first annual
meeting will be held at Dallas, N. G.
| After the adjournment of the conven-
ton of Stockholders, the Directors elect
held meeting aud inaugurated measures
for beginning the work ut onco. They
elected Colonel Fleming Gardner Chi ef
Eagineer, and authorized the President
to secure his services at once. They
also adopted resolution authorizing an
instalment OF five dollars per share of
the capital stock, to be called for TO meet
the expenses of the survey.
The Chester Reporter, Yorkville En-
9u'rer and other papers in the up-coun-
try speak enthusiastically of the pros
poets OF the new enterprise, and appear
confident that it will prove successful
| ooo hA6aiy adShntdSeOuS TO CnekF sec.
tion. The Enquirer says: ITO the peo-
pie OF this section, We do not know that
more desirable route could be selected
-openiDg, as it will, direct communica-
ton with rich grain growing country,
and by short line or connecting link,
furnishing an outlet by the Air Line
East and West; connecting at Lincoln
ton with the Carolina Central Railway,
and furnishing an outlet in the one
direction to Wilmington. N. c., and the
other Westward; and at Hickory. on the
Western North Carolina Railroad; open.
ing another line North and East. The
town of Hickory is no further from
Charleston by railroad communication
than is the town of Greenville in this
State. and the proposed route will, while
benefiting the entire section through
Which it will pass, do much toward in.
oreasing the commercial interest of oul
seaport city, in addition to giving the
farmers and the pablo easy access to all
portions of the country and all the i'm.
portant markets"