The weekly sentinel. [volume] (Winston-Salem, N.C.) 1886-1887, 1886-06-03

900 could be obtained there in aid OF
the road.
ALI the the points represented hav.
ing presented their views and wish
es, Col. John E. Penn, of this city.
offered the following:
Resolved that the Stockholders of
the Roanoke and Southern Railroad
Co., and the citizens of Roanoke, have
been profoundly impressed by the
earnest interest which the visiting dele.
cations from North and South Carolina.
have manifested in the const, uction of
this RI ilroad, and they have The upani
nous thanks of this meeting for their
attendance and liberal offers of aid and
means to this company.
These resolutions were unanimous
ly adopted and the meeting then adj
journed.
DIRECTORS MEETING.
The directors of the Roanoke and
Southern held meeting at Hotel
Roanoke, on Tuesday night, directly
after the meeting of the Subscribers
adjourned at the Rink, President
Houston, presiding. Mr.. S. w. JAM
ison was elected Secretary, and E.
H. Stewart, Esq, Treasurer.
On motion of Senator Trout. it
was decided that seven shall consti-
tute a quorum for business. The
terms of office of the Directors. was
decided by lot, with the following
result: For one year, j. C. Moo
NOW, H. S, Trout, j. NJ. Gambill
and w, X. Andrews; for two wears,
A. Lewis, j. F. Christian. w. G..
Brongle, aud j. NJ. Boxer; for three
years, j. d. Spencer, z. l.. Terry, J..
D. Kirk, L. NJ. Starkey, and Peter
saunders, Jr.
The delegates from North and
South Carolina, were requested to
place their proposition before the
Board in writing. Henry county
was asked to vote a subscription of
100000, in four per cent bonds.
1t was resolved that the road 90
to North. Carolina line by Martins
vile, and Ridgeway.
At a meeting held at Hotel Roa-
noke, on Wednesday morning, the
21st, resolution was adopted, ask
ing Roanoke city to vote a subscrip.
ton of 100000 in six per cent.
bonds, and that agents be appoint
ed to solicite private subscriptions
in Roanoke city and Roanoke and
Botetourt counties,
The chairmen of the visiting dele
cations were accorded five minutes
speeches before the Board and all
appeared and stated their views
On the morning of the 21st we
were accorded a hearing before the
Officers and Directors Of the Roanoke
and Southern, and through our Chair
man presented plans which we had
matured as follows: We proposed
to start at the Va. and n. c., line
about six miles from Stonesville, in
Rockingham county, come to Madi-
son and from Madison by the most
direct and practicable route to Wins
ton and Salem, crossing the G.. F.
& Y. V. r. R., if possible in Forsyth
county, from Winston go to Mocks-
vile. This section to be known as
the second Division of the Roanoke
Southern Railroad and to be differed
and controlled by the stockholders
along the line, which is about seven.
ty-two miles in lengtht and when the
bonds are issued, they to be known
as the second division bonds and
have no connection in any shape,
manner or form with the other divis-
ion Bonds We estimate, roughly
of course, that 1t will cost to grade
and bridge the second division about
three hundred thousand dollars, from
one hundred and fifty to two hun
dred thousand of which will have to
be raised in this county. We pro-
pose to raise by private subscription
seventy-five thousand dollars and
procure a charter under the general
Rail Road law, to raise this amount
Stoneville and Madison townships
agree to raise fifteen thousand, and
Mocksville and Davie county, eleven
thousand, this would leave forty-nine
thousand for us to raise. After this
amount is raised, charter procured
we proposed to commence work al
some point in Winston and build as
rapidly as possible toward the Yad
kin Valley, and if practicable Stone
vile and Madison will commence a
Madison ana build toward the State
line, at the same time, Mocksville
will, if advisable, commence an(
build towards Winston. AS soon a:
proper legislation can be had, W.
were assured that Stoneyille ant
Madison townships will each vote :
corporate subscription of fifteel
thousand dollars, and we pledged
Winston township, or Forsyth coun
ty, to corporate subscription of on
hundred and fifty thousand dollars
All our pledges were made on ant
distinctly stated to be on condition
that the second Division was to b
under the absolute cotrol of its loca
Stockholders and that the Roanok
Southern, as a whole, was to be
competition line of the r. & d. r. II
After the matter had been presente
as whole and discussed, the OFF
GERS of the Roanoke Southern ez
pressed themselves as being Statistic
with the arrangement, and agreed t
the location as far as Mocksvillt
provided, in the event of Our failur
to control and utilize the N. G. Mic
land charter and road bed. that W
proceed as rapidly as possibly t
carry into effect our propositions. w
were much pleased with and hav
great confidence in the officers of til
Roanoke Southern and our reaso
for pursuing the course we did, brief
stated are as follows: With on
capital stock in a road from Roanok
to Atlanta, we would scarcely b
heard, and if made one solid roa
the bonds would cover every poir
of the road alike and in the event