The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-12-14

lied by the Board OF Directors. has been
made and carried into effect, this branch
being now operated as part Of the Rich
mond and Danville division.
THE sTATE-uSIyERsITY RAILROAD
OF North Carolina. thirteen miles in length.
has been recently built by separate com
pany from the main line OF the North Caro-
lima road, four miles east Of Hillsboro'. to
Chapel Hill, the University OF North Caro-
lima.
As branch line Of the North Carolina
road. it has been considered advisable to
contract for it, continued control and Use
by this company on a contribution OF about
- 900 per mile towards it, construction.
chiefly in old rails obtained in the renewal
Of the track Of the North Carolina road: /:
and a contract TO that effect. ~ authorized
by the Board, has been made and l. now in
operation.
a, already stated the
CROP PRODUCTIONS
OF thu past season in the four States occu-
pied in part by the roads Of this company
and its connected and auxiliary lines. are
OF such iull proportions IS to create a rea-
sonable certainty Of an increased tonnage
extending with average uniformity over
the whole Of the current fiscal year. In
addition to these ordinary sources Of bust
ness other and new ones are regularly
making their appearance. either on or i'm
immediate proximity To our lines OF trans
pOrtation. Hitherto traffic arising from the
products OF mines has been matter Of
minor consideration. The indications are
encouraging that ii will not so continue.
An active development OF large deposits Of
iron ores at several points on or within
easy reach Of our main lines is being now
made. Some OF these ores are Of high
grade, unusually free from damaging i'm
purities, and in such ample quantity as 10
promise material additions of a new class
Of tonnage.
MANUFACTORIE, OF DIFFERENT KINDS
are increasing both in their number and
the amount OF capital and labor employed.
At Danville three new manufactures Of
large proportions for the production Of
cotton goods are being added TO the active
business OF that city-a branch OF industry
wholly new and hitherto unknown in that
community. Similar developments are
being made at other points with like -igni-
ficancc. Those facts indicate the growth
Of wealth and enterprise in the respective
communities referred TO. and i'm which our
lines OF transportation cannot fail to par
ticipatc both IL bencfactOrs and beneiicia-
ries.
The competentand loyal service rendered
by the cOmpany's officers aud employee
deserve and receive the full recognition
and acknowledgment OF the Board
Respectfully submitted.
\. :. BuFORD, President.
REFERRED.
The report was referred 10 committee,
consisting OF Messr-. /. X. Scott, John II.
Montague, \. ID. Sheppard, John r. Ruth
erfurd, and X. \. Lancaster.
WEATHER REPORT
MIR. X. V. Gaines. OF Charlotte. offered q
resolution providing that the weather in
dcatiOns. a. furnished by the >ienal-Scr-
vice Department at Washington. be trans
mitted TO the stations OF the company and
posted at same. Referred 10 the same COM
mittee.
The meeting then took a recess for an
hour.
PERSONAL.
Among many gentlemen present were
w. u. Clyde, \. y. Sheppard. VI. Bayard
Brown. George f. Foster. X. Barring
Gould, 4. j. Myers, and John A. Ruthcr-
furd--all Of New YOrk-and General Logan
and W. Il. Trigg, Of Richmond, but now
chiefly engaged in New York in connec-
tion with the company. interests there.
COMMITTEE REPORT.
Alr. scott. from the committee, after re-
cess. recommended that the report OF the
president be approved and adopted; al,o,
| that the resolution OF Mr.. Gaines be ap-
proved and referred 10 the incoming Board
Of Directors.
fAlong with the presidents report are re-
ports OF various other olficers.l
adopted.
EXECUTIVE COMMITTEE.
sir. Brown offered a resolution amending
/ the bylaws so a. to add one to the ENccu-
/ tive Committee OF the Board of Directors.
making il six instead OF five. Adopted.
OFFICERS ELECTED.
The following were elected:
President. 4. s. Buiord Ton motion Of
General Logan.
! Board Of Directors Robert Harris. VI.
/ Bayard Brown. L. +. Wallace. William Z.
Ciyde. John 4. Rutheriurd, T. u. Logan,
John p. Branch, and Il. Barring GouId-all
# New York. with the exception OF Gene
raj Logan and Mr.. Branch. who are OF
Richmond-electcd on motion OF Mr.. FO--
/ ter. OF New York.
Examining Committee: r. u. Nealr.
/ Fulton Calling. A. d. Sheppard. X. \. Ian
/ caster. and George \. Cunningham Ton
motion OF Colonel Buiord).
/ The stockholders then adjourned tOmeel
a. .f.lI-
with reference TO the better organization
| OF the Richmond and Danylllc railroad
/ system.
At a meeting Of the new Board oi Di-
reetor- held yesterday evening General
/ Logan Wa, elected vice-pre.ident.
/ I'm the stockholders meeting he wa, The
representative not only OF hi, own interest,
/ but Of Mr.. Rockefeller, who ha- lately ac-
quired a large number Oi shares.
! ELECTION Of OFFICERS. The election oi
officer in sir Walter Raleigh Lodge, No.
/ e3. OF the order OF the sons Of II. George
resulted a. follows: George Bowel, W.
iP.: j. d. Gam. w. '. p; Walter X,
Uieham, W. =; w. II. Allen, W. \. :.
James \. Wallen, W. T.; W. j. Wilson,
w. NJ: j. &. Lewis, James Netherland
II. ". Hey, trustees. This order, com.
posed Of EngIishmcn, their sons and
grandsons, has been long established in
this country; but this i the first lodge in
stituted in Virginia, and while OF very re-
cent organization, numbers amongst n
members many Of our most worthy cit
zens, and is adding weekly TO IL member
hip. IT. objects being purely OF bene
ficid aud social nature, Il commend- th'
order to al eligible to membership therein