The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1888-06-27
LYNuHRuRG AND DURHAM,
ANNUAL MEETING OF DIRECTORS AND
STOCKHOLDERS.
Isnehhnrg Naws.

The annual meeting OF the direc-
tors and STOCKHOLDERS OF the Lynchs
burc and Durham railroad was held
Yesterday ut II company's Office on
CLAY street. Tho directors met at 2
o'clock, President Otey presiding.
The session was brief. the ouly busi
ness being tn presentation ofreports,
and the location of the Rustburg 4
not II was decided u Locate the de-
Dot on Perrow's land, about 400 yalaa
from the village.
The meeting Of the STOCKHOLDERS
was held after the journineDt q The
directors, and on motion Of Malot
Otey, MIR. 4. b. Clark. Of Halif,x,
was called to the chair.
Messrs. Stebbins, Irving ard Via.
free were appointed 10 ascertain y 4
quorum was present, aud reported
35.0l5 sharesr represented
Major Oiey then presented the re-.
port Of the Board Of Directors from
which we make the following exs
tract:
LYscHBuRG, Jnue 10, 1888
To the Stockholders Of the Lyneh-
burg and Dull ham Railroad Cons
pany:
TODAY Is the day Fixed Of the ans
nual meeting Of the itockhelders oil
this company. On the firit cav Of
last. July the present Board toos
charge Of your affair. A chief en-
gineer wis at once appoin Cd AMI Tie
work u locating the r.,d At once be.
gun. As soon as a snfiici 1T location
was made he Board convened On The
25th Of August 70 receive and pass
on bids tof the work. The FIRST len
miles were let TO Messrs. j. II se,.
pell 4 Co and eighteen months given
in winch 10 cOnspiste Il. The work i
now practically dnue aud the rails
are now Icing lard.
II Il nsedleE, "a 20 over tired tails
which have attended the nfgpiiai,ons
for letting the whole wofk cur 4
contract. This II nj stl been lOiae
but an additional risty miles FRA
ing has b, N Lee aud the contraction.
are how work 40 IRIS This hai
not, however, DELAYED tie work, - rht
policy IL Tie Bonr,i has b eli - mo
coed with the work a, rapii 4.
possible until We could g,t saiisi u
work iOu, t. stani ~ as basis 4
credit 30 that We u git 90 on ID,
market W III our ma t.age hinif and
thus secure the funds fnf the couple
ton III The road.
l heren I'D present ~ ven the re-
port If the treasurer whicn explaiai
itself.
The report Of thei right q wa
agent l. ai-o pre- ensd. Z wing I'M
number III righse ., wy grauiil an
the ainouet, al. IA namb.r 81 cvl.
demnatDa. and the amannt
here iii hlso summit the rspnr
or the chi [ engineer. shJsing III,
amount II work done aid The e.ti
mated cost according 70 last surrey
of the grading. &c Of The u mairinl
1903 miles. IL III "a Their cau.trnr
ton Of the ros H. time i 10; ~
distant when il viii b. Zee ssry !,
make traffic arrangement ! 0rdsl
h. perfect connections, and flcilItsil
the handling Of freigh,s ard passeu
gers. This has been matt Z 81 40
easing II r. On the part, Of he pres
ident Of th5 rosd, aud Will { grea
antagoui Nj. have feVelopel, stil
their manifestation only demanstrate
that psw r'ul competitors see tha
our line u destined 10 divert fror
lil ~ paying business. and hence it
4 matter II c0Dgratulation 70 u
such anthgonismes. emanatlug frog
powerful corporations, have impair
ed our fists NJ negotiation H. se'
eral irsisrces hut rtill, with props
connectoas. witch. u believed ca
he securd, I've think ~ will b sbl
10 steer 80 war 10 the face 81 IN
friendly broad systcms. and y hc
such con eclions are assured, one !
the greatest Obstacles 10 the way !
prompt progress in the CONSTRUCT
of the line will bava ben removed
On notion lhp report was recrig,
and adopted md the following can
mittres appointed 10 examine The r
ports and report ut the next meeiit
Of ia 4 rectors: M.ssrs. siephe
Ad INA. q cen n j. Nowlin and Job
y. Holt. Tue meeting then adjourn
"a.