Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-03-13
Wilmington Cotton mills.

Wilmington Cotton mills.
The corporators of the Wilmington
Cotton Mills met Saturday at the
banking house of the "Wilminetor
1 Trust Company and Savings Bank,
: and organized by calling DR.. A. J. De.
Rosset to the chair, and requesting
VIM. 4. French Esq.,, to act as Secre.
: tary. A ma ority of the corporators
named in the charter being present,
the meeting was declared ready for
business
The charter of the corporation passed
by the General Assembly, ratified
February IA, 1874, was read.
On motion, it was ordered that the
books for subscription to the capital
stock of the "Wilmington Cotton
Mills be opened forthwith in Will
mington, at the "Wilmington Trust
Company and Savings Bank and in
Goldsboro, at the Branch Bank of
New Hanover, until Tuesday, March
18th, 1871, or until the sum of s150, 900
is subscribed.
On motion, it was ordered that a
committee of three, to consist of Col.
j: W. Atkinson, Silas n. Martin and
w: IL. Green, proceed at once to So
llclt subscriptions to the capital stock.
On motion. il was resolved that a
committee of five, to consist of DR.. A.
); DeRosset, Geo. r. French, Donald
McRae, j. w. Atkinson and Silas n.
Martin, be and are hereby appointed
to draft By Laws and Rules for the
government of the affairs of the cor
poration, to be submitted to the first
meeting of the stockholders.
On motion, the meeting adjourned
to meet at the call of the committee on
subscriptions.
The Drese Boat-Successful Opera.
tiOns-Singular Facts.
Mr.. II. Mutt, in company with quite
a number of gentlemen, among whom
were Mr.. Bridgers, President of the
| w. & W. and W., G. & A. Railroads
and Capt. J. F. Divine, Superintend-
ent of the ". & W. Railroad, Saturday
visited the Dredge Boat at work at ''The
Logs" below the city. The operations
of the boat have already progressed
about four or five hundred feet,
clearing out a channel some thirty
five feet wide
machine are very interesting. 1t is
absolutely wonderful to see with what
ease and accuracy it is worked. The
''Grapple" weighs six tons, and it is
moved at pleasure with as much ia
clllty as If it was a feather. Descend
ing into the bed of the river, the iron
monster opens lis porderous jaws and
clutches in its teeth what ever may
come in its way. Ascending with the
same facility, regardless of what it
may encounter, it deposits its load on
lighter near by, requiring no hands
to guide it.
Yesterday it brought up a cypress
stump, apparently imbedded in the
channel Of the river as If the tree had
grown there. The stump was some
three feet high, five feet two inches in
diameter at the top, aud almost eight
feet at the base. The roots were long
and numerous. The tap root was
freshly broken off, showing that it was
imhedded firmly in the earth.
While 1t was impossible to say that
the tree had been cut down, as the
stump was very ragged at the top,
resulting doubtless from frequent IN
tact with passing vessels, still it had |
every appearance of having been cut. |
AS this stump was nine OF ten feet |
under water, it becomes an interesting |
question whether it fioated there and |
became imbedded, or whether the |
present channel of the river was once |
a cypress swamp? Other stumps have |
been found, equally as firmly i'm
bedded. and cypress logs have been i
removed. For nearly a mile these
logs and stumps are known to be lying |
at the bottom OF the river. Those |
which have been removed certainly |
appear to have grown there. Yet if |
they did the question then arises |
whether the crust of the earth has
given away or whether the water level |
has risen since the present channel |
was a cypress swamp? These are in |
teresting and curious matters and de- |
serve consideration. Any how the |
operations Of this boat are we'll worth |
a visit
County Com IN i ssioEers.
The Beard of County Commissioners
met in adjourned session last evening
at s o'clock-all the members of the |
is a synopsis of the proceedings:
The petition OF the Wilmington |
Railway Bridge Company for release ,
of taxation upon their property having |
been duly consided by the Board of |
County Commissioners, they find that !
the Company are the owners of bridges !
one across the \. F. branch of the |
Cape Fear river, and another across !
the \. W. branch of the Cape Fear |
river, and of line of railway of about |
two miles. connecting the two bridges; |
that the Railway Bridge Company is
separate and Independent corporation,
and IS the owner OF the above proper !
ty. The Board are OF the opinion and |
SO decide that the said property is liza |
BILE to taxation as such under the Con /
stitution and Laws of the State.
ordered, That the Finance Commit |
tee examine into and report at a meet |
ing of the Board to be held Monday, |
10th of March, the amount required |
to be raised for the payment Of |
of the ordinary and extraordinary !
expenses of the county for - months, |
from July LIST, 1874, together with |
such amount as will be necessary for |
the payment OF deficiencies already |
existing, or which may be incurred |
prior to the 1st of July next, and to |
recommend the rate of taxation to be
collected for the use of the county !
aforesaid.
Whereas, the demand tor money for |
the use of the county is SO great that
indulgence cannot be further per-
nitted, it is
and Sheriff proceed forthwith to col
lect all the taxes due on Schedule B, |
togatheT with the penalties, in accor- |
dance with the act of the General As ,
sembly.
Ordered .fusthcr, That the claims /
against counties and individuals he !
collected a: once.
WHEREAS, 1t is apparent that in or
der to meet the necessary eXpenseS of !
the county of New Hanover, until the |
taxes for the year 1874 can be col !
lected, loan must be made, it is
Ordered, That the Finance Com- !
mittee be and is hereby authorized to
borrow money, or make a loan OF
loans, from time to time, as the sum
may be required for the payment of
the necessary expenses of the county
and the note or notes of the County
Commissioners, signed by the Chair
man and sealed with the seal of the