The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-05-27
CONSOLIDATION OF TIE CAROLINA AND

CONSOLIDATION OF THE CAROLINA AND
CHESTER AMI. LENoIR. Maroon GAUGE
RAILROAD COMPANIES "A a i'm portant se.
ries OF meetings was held at Hickory, N.
O., on the 18th inst, viii oh resulted in
the consolidation of the two narrow
gauge railroad companies reoently char
tered in this Stnte and North Carolina,
which have for their object the construo.
tion of o railroad from the town of Ches-
ter, 8. o., to the town of Lenoir, Cald-
we'll County, N. @. These companies
were Chartered, respectively, under the
names OF the Carolina Narrow Gauge
Railroad Company and the Chester und
Lenoir Narrow Gauge Railroad Conpa-
ny, and the consolidated compeny will
bear the latter nane. Tho stockh olders
OF the two companies first met separately
and unanimously agreed u pom 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.
He'd. The following officers of the con-
solidated company we're then elected
PresideDt-A. Fl. Davega. OF Chester.
Directors-G. ". F. Harper, of Oald-
we'll; Miles o. Sheriff.. Of Catawba; D.
5chenck, of Lincoln; DIR. J. +. Smyer,
OF CASTOR; I. D. Witherspoon and L. NJ.
Grist, OF York; John L. Agurs and q. c.
Maooy, Of Chester.
Resolutions were adopted, authorizing
the President and Directors to take such
steps rs they may deem most advisable
to secure consolidation with the Kings
Mountain Railroad, either by purchase
or otherwise, and that they report the
result of their action to called meeting
of stockholders. for their final determi.
nation. Resolutions we're also adopted,
thanking the officers Ut the meeting and
others Tor courtssies, md the stock hold
ers then adjourned to tho second Wedues.
day OF May, 1874, when tue first annual
l,eeting will be held at Dallas, n. c.
:. fter the adjournment of the oonven.
ton of Stockholders, the Directors elect
held meeting and inaugurated measures
| for beginning tho work ut once. They
elected Colonel Fleming Garduer Chi ei
Engineer, and authorized the President
to secure his services at once. They
| also adopted resolution authorizing an
instalmeut Of five dolara per share oI
| the capital stock, to be called for to m ee,
the expenses Of the survey.
The Chester Reporter, Yorkville En-
7uirer and other papers in the np.coun
try speak enthusiastically of the pros
poets OF the new enterprise, and appear
contideut that it will prove successful
and highly advantageous to their sec
ton. The Enquirer says: ITO the peo
pie OF this section, We do not know thai
more desirable route could be selected
l-opening, 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 Ceutral Railway
and furnishing an outlet in the on,
direction to Wilmington. n. c., and tn,
other Westward; and at Hickory, on th,
Western North Carolina Railroad, open
ing another line North and East. Th,
town of Hickory is no further from
Charleston by railroad communication
than is the town of Greenviile in thi
State, and the proposed route will, whil
benefting the entire section through
which it will pass, do much toward in
creasing the commercial interest OF ou
seaport city. in addition to giving th
farmers and the p lblic easy access to al
portions Of the country and all tho i'm
portant markets."