The farmer and mechanic. [volume] (Raleigh, N.C.) 1877-1885, 1882-11-15

BEST boosted u'-As had been
long anticipated. the stockholders. of the
Newborn II. r.. Cor GOV. Jarvis.-for
! he controls the states stock, which con
I rgls the Road met at Goldsboro two
DAYS after the election. and voted al
most unanimously TO declare ''iorfeit-
ed the lease of the Road TO VIM. j.
Best and company. So. tina Mr.. Bests
railroads interest III y. &. are 10Y linn
tied to the % miles from Goldsboro to
~mithtield. The Forfeit was chiefly
based upon Be-t's failure to extend the
Road. a, he agreed to do, and his de-
uc~rioration cf the % miles Of 'mullet'
~oad. by lack Of repairs. Gen. W.. q.
Lewis. of Ed-ecombe, was employed by
the Jarvis party to walk the track from
Morehead and c~riticise its condition.
He said it had been damaged 80 per
cent by Best's W years management.
Judge Carruth. who was present as
Best's representative. stated that II let
alone the Syndicate would re-organize,
put "A well known North Carolinian at
tie head Of affairs. and DO things-Bet-
ter.
BY the by, we forgot to mention last
week that Lewis Coleman, the Boston
Banker. who was the chief stakeholder
Of the Coleman, Denny, Best < Go.
Syndicate" failed for nearly haf a mil
lion laying the blame on the Pacific
Bank. and the Midland X. r."
y. B.-Col. j. A. Bonitz, Secretary
OF the meeting, says =
Judge Carruth addressed the stock
holders. He admitted delays, disap-
pointments and mishaps, but thought
that the condition of the road was not
as bad as Lewis believed it to be. He
explained the causes of the delay and
hoped the stockholders would not act
hastily; that his friends had already
paid Il over $400, ZOO, most of which
was left in Mort Carolina. and he felt
now that matters would be arranged
and the road repaired and work pushed
forward il further indulgence was grant
ed, long before these repairs could he
made if the road should 90 back to the
stockholders. Judge Carruth stated
also that he was authorized To offer the
second best office of the Midland, OF
perhaps the presidency, to a well-known
North Carolinian.
CNotc-Did lie think that all the fuss
was to get that well known North
Carolinian'' in a TAT office ED. Fam
AT the night meeting Gov. Jarvis
and State Treasurer Worth were pres
ent. The resolutions declaring the
lease forfeited We're adopted by "a vote
OF | ,345 to 494. OF the negative vote
lbs were east by Judge Carruth on be-
half OF the Midland syndicate
Judge Carruth presented a formal
protest against this action. y spicy
discussion then occurred over a resolu-
ton introduced by Mr.. Washington
BRYAN to allow the Directors to lease
the road to any other parties they saw
fit. 1t was finally agreed that the Di-
rectors might make a lease, but it must
be ratified by the stockholders before
becoming valid. Mr.. Bryan's object,
the Messenger says, was the consolida-
ton of the line from Raleigh to More
head.
On Saturday Judge Carruth held a
conference with the Directors of the
Atlantic x y. {. Road, the result Of
which was an extension of 80 days
granted to the Midland. The Judge
hopes that during this time their difficult
ties will be overcome and arrangements
completed by which tile road will con
tinue under their management, and if
not. then they agree to surrender the
lease without opposition.