The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1890-09-04

We take the following from the Will
mington Messenger of August 27th ::
We congratulate the Wilmington
and Weldon Railroad Company upon
the result of the stockholders meeting
here yesterday with regard TO increas-
ing the stock of company in order to
build several branch lines now proiec-
ted. The action OF the stockholders
will result in adding about hundred
and fifty more miles of railroad to the
Atlantic Coast Line system.
As will be seen from the proceedings
published elsewhere this morning, a
part of the action taken is of special
interest to Wilmington. We mean the
decision to build the Nashville branch
to Raleigh or Durham where connec-
ton is to be made with the Lynchburg
and Durham railroad. That elegant
gentleman, well known in our city,
Col. Bennehan Cameron, of Hillsboro,
was here representing the Lynchburg
and Durham railroud with view to
furthering this project, and from him
we ascertain that great enthusiasm is
felt along the line of that road over
the prospect of an early connection
with Wilmington.
The advantages of this prospective
connection to Our city are quite mani
fest, as it will open up to us another
line into the coal and iron regions of
West Virginia and Southwestern Vir-
ginia, thus making it possible for the
establishment Of coaling station here.
1t will also give Wilmington direct
connection with Cincinnati and Chi
cago by way of the Chesapeake and
Ohio Railroad at Lynchburg, and
also with the cities Pittsburg, Toledo,
Cleveland and Buffalo by way of the
Pittsburg and Virginia Railroad which
is soon to be built, and of which ex-
Governor Fitzhugh Lee, of Virginia,
is president. This connection will be
particularly advantageous for the reason
that the new line thus to be opened
will secure an outlet to the seaboard
for Western products.
1.-THE following extract is taken from
the report of the proceedings of the
stockholders meeting above referred
to.-EDIToR GOLD Leaf
After the business before the meet
ing had been brought up in detail and
been freely and fully discussed, reso-
luton was adopted authorizing the ex-
tension and completion of the Nash
vile branch from its present terminus
at Spring Hope to the city of Raleigh,
or to Durham, or to both, or to any
point on the Lynchburg and Durham
railroad. A further resolution was
adopted authorizing an increase of
the capital stock of the Wilmington
and Weldon Railroad company, under
act of February 2Ist, 1867, to such an
amount as may be necessary for the
compile tion of the Fayetteville branch
to the South Carolina State line the
extension and completion of the Scot
land Neck branch from the Albemarle
and Raleigh junction to Kinston and
to Washington, and also the extension
and completion of the Nashville branch
to Raleigh or Durham, or to both, or
to any point on the line ofthe Lynch
burg and Durham railroad-the con-
struction of these branches having
already been authorized by the stock
holders.
The resolution gives to the Board of
Directors the power to arrange all the
details as to the opening of the books
of subscription and the issuing of new
stock and provides that the proceeds
of the sale of stock issued shall in each
case be strictly applied to the construc-
ton and completion of the branch
lines on account of which the same
may be be issued.
The action on the respective resolu-
tions was unanimous, and it is under
stood that meeting Of the directors
will be held soon to carry them out.
The completion of the extensions con-
templated will add $50 more miles Of
railway to the already extensive At