The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1897-07-15
NEW DIRECTORS TAKE CHARGE.
Meeting of the Stockholders of North
Carolina Railroad.

MeeGlng OF the STOCKHOLDERS OF n Orth
| Carolina Railroad.
Mr.. Fl. w. Fries returned from
Greensboro Thursday night, where ht
attended the meeting of the Stockhol
ders of the North Carolina Railroad
! Company, which was held yesterday
| afternoon.
| At this meeting the old board OF
| directors went out of office, their
terms having expired. The new board
| appointed by Gov. Russell, went H.
Col. Morehead was made chairman,
and Hugh McRae secretay. Commit
tee on proxies reported that they
| found 6,152 shares represented. which
was majority over all. Number OF
persons holding these shares, 2i6
Mr.. Jas Fl. Chadbourn, Jr., then
presented his credentials as State s
proxy. The next was the read np of
the report Of the retiring president,
Hon. S B. Alexander, in which he
congratulated the shareholders on the
condition of the road, financially and
otherwise, adding that under existing
conditions it was a valuable piece of
property and advising that the ''exist-
ing conditions" be maintained.
At the concluSiCu motion was
made to receive the report aud the
chairman was about to declare it car
ried when DIR. Norment arose and
wanted to know If by giving assent to
this course it committed one to en-
dorsing the report Of the president.
He was told no and he quit.
The reading OF the other reports
was dispensed with as they were all
printed.
States proxy Chadbourn then an
nounced that he held in his hands
ommissions for the new directors, as
follows: DIR r NJ Norment, of Robe
son; Virgil S Lusk, of Buncombe; VIM
Gilchrist, of New Hanover; A 9 Avery.
of Burke: j S Armstrong of New
Hanover; A Smith, of Polk: Fl U
Buffers, OF Columbus; John Graham,
of Warren.
On motion of Maj Graham these
gentlemen were elected as directors
on the part of the private stockhold-
ers: F. Fl Cameron, Gen. r
Hoke, II. W. Fries and Hugh McRae
A. w. Graham, Lawrence S. Holt
and j. p. Allison were elected as the
finance committee, while DR.. ID. W..
Q. Ben bow, p b. Ruffin and Mr.. Finch
were made the committee to verify
proxies for the year. Then the meet
ing adjourned, amid the utmost good
feeling.
The new directors met Immediately
after the adjournment of the stock
holders. Judge Avery was made chair
man and Hugh McRae secretary, when
the following officers were elected :
DR.. r. M. Norment, OF Robeson,
president, to succeed S. B. Alexander,
of Mecklenburg.
E. S. Walton, of Burke, secretary
and treasurer, to succeed P. B. Ruff n.
of Orange. Charles A. Cook, OF War
rem, attorney, to succeed J. S. Man
ming, Of Durham. DR.. L. S Hogg, ex-
pert.
These are the same officers elected
by the new Russell board Immediate
ly after their appointment in March
p. b Rutfin received the vote OF
four directors as compliment to his
long and faithful service as secretary
and treasurer.
The finance committee on the part
of the directors is w. HI. Worth and
Jno. S Armstrong
The directors met again late in the
afternoon to receive the bond Of the
| new secretary and treasu er, and theI
| adjourned to meet at Burlington or
| the Goth to examine and close up the
| books of the late secretary and treas
| urer and transact such other routine
| business as may come up.